"🔥 Price Drop Alert! $15,000+ Off – 3 Upgraded Studio Condos in East Vil...

🎥 Investor Opportunity – 3 Adjacent Studio Units in Downtown Long Beach!

The seller is completing a 1031 Exchange and is highly motivated – ready to make a deal for the right buyer!

📍 122 Elm Ave, Units 9, 10 & 11
Located in the heart of East Village Arts District, these 3 adjacent, upgraded studio condos are on the 2nd floor of the Gryson Arms building and vacant for immediate occupancy.

✨ Property Highlights:

• 3 side-by-side studio units on the 2nd floor

• Move-in ready with new recessed lighting, laminate flooring, appliances, and fresh designer paint

• Low HOA dues – just $165/month

• Surrounded by brand-new residential developments

• Steps to the beach, Metro, shops, art galleries, and restaurants

💼 Situated in one of the fastest-growing areas of Long Beach, the East Village Arts District — these units offer strong rental demand and accelerated appreciation potential as the neighborhood continues to develop.

📞 Contact me today to schedule a private tour or get more info. Don't miss this chance to secure a great value in a thriving market.

#1031Exchange #InvestorSpecial #EastVillageLB #StudioCondos #RealEstateLongBeach #GrysonArms #MoveInReady #PropertyInvestment #MotivatedSeller #FutureGrowth #DowntownLongBeach

https://www.vyllahome.com/amirzee

August 21, 2023, WEEKLY MARKET UPDATE

Mortgage rates are about to set a new peak, hitting affordability, inventory, transaction volumes, and builder confidence.

A combination of hawkish Fed minutes, rising bond yields globally, and fading recession expectations at home saw the 10-year US treasury bond move up to a 4.3% yield (levels not seen since 2008) and average 30-yr mortgage rates climb to 7.34% — just shy of the previous peak set in October 2022 (7.37%). [Mortgage News Daily]

Here is the summary statement from the last Federal Open Markets Committee (FOMC) meeting. "With inflation still well above the Committee's longer-run goal and the labor market remaining tight, most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy." [Federal Reserve]

In July, the number of permits (units authorized) and starts (actual construction) for single-family homes rose. This tends to be a volatile data series from month to month, so seeing that the 3-month average for SFH permits has now risen for five straight months was heartening.

That's great, but unfortunately, it's just not enough. Builders will complete 1.3–1.4 million new housing units (77% SFH, 23% Multifamily) over the next 12 months. But households are being formed at ~2 million a year. [Census Bureau]

If you have any questions, need advice, or want to explore exciting market opportunities, please don't hesitate to reach out. I wish you a fantastic week filled with sunshine and endless possibilities!

Are we in buyer market yet?

The days are gone when buyers were widely willing to drop home inspections and other contingencies. Seller contributions will be more common, and concessions will be buried beneath the surface in recorded sale prices. It’s not a buyer’s market, but at least purchasers sense that some bargaining may be possible. It’s another opportunity to get into the market that millions of purchasers will take advantage of during the coming year.

My friends, the real estate market has been a seller’s paradise fueled by pandemic fears and historically-low interest rates for the past few years. But, at the start of 2023, a new market emerged, with a more outstanding balance between buyers and sellers.

Please call me if you have any questions at 562-715-8622. Your feedback is critical to be part of this conversation, so please make a comment. 

Small improvements will do massive impact on the value of your property!

Naples. Long Beach, California | photo by Amir Zee

It doesn’t matter whether you are getting ready to sell your home or refinance your existing mortgage; if you are working with a lender, they will likely require an estimate of the fair market value of your property. That means they will request an appraisal to find out how much your home is currently worth to help determine the loan amount you may qualify for.

In an era when small improvements can have a considerable impact on the value of your property, it’s more important than ever to do what you can to maintain your home.

Your appraiser will look at the value of the surrounding properties to make sure that your estimate is comparable to the rest of the homes in your neighborhood. To stay informed, you could do the same. You can go to some of the open houses in your area or look at homes in your area that recently sold. If you can make your house look more appealing than the rest of the homes in your neighborhood, it may raise your home’s value.

An appraiser will take your home’s curb appeal into account when they estimate its fair market value. Make sure that you take care of any repairs that you need to make to your home, fence, and yard before the appraisal.

The condition of your dwelling, yard, and garage are considered to come up with a home appraisal value. Clean all of the surfaces in your home (including your windows, counters, walls, hardwood floors, and carpets) regularly, and get rid of any clutter that will obstruct views of your rooms.

Small problems (like broken faucets, damaged floors, or surface cracks on the ceiling) can lower your home’s perceived value by thousands of dollars. Check every room in your home. And write down all of the problems that could reduce the value of your property. If you can manage to repair them within your budget, you should consider doing so.

Courtesy Real Estate Services

I will do the following as a courtesy and give you lots of ideas for needed improvements. Even small suggested improvements, such as paint colors or furniture placement, can go a long way toward improving the look and sale-ability of your home. Not every home improvement is cosmetic. Deteriorating roofs, termite infestation, or outdated electrical systems — you can’t fix it if you don’t know it’s broken. My inspectors to check out the areas of your home that you don’t usually see with no charge to you. They may discover hidden problems that could negatively impact your home’s value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be.

FREE VISUAL INSPECTION

FREE HOME PRICE EVALUATION

FREE HOME IMPROVEMENT IDEAS AND CONTRACTOR COORDINATION

FREE LOW-MAINTENANCE LANDSCAPING

FREE ENERGY HOME SAVING IDEAS

FREE ADU “Accessory Dwelling Units” ADDITION PERMIT, PLANNING & CONSTRUCTION

Please call me at 562-715-8622 or email me amir.zee@vylla.com

Real Estate Common Fraud, Beware Please!

Remember: Knowledge is the best prevention.

The dream of homeownership remains one of the most important goals for many residents. Unfortunately, real estate scams can steal these dreams with a single forged signature or get-rich-quick scheme.
While anyone may fall prey to one of these scams, the groups most targeted by real estate scammers are usually the elderly, homeowners already in foreclosure, and individuals with low incomes.


The following is a set of examples of the types of real estate scams that are pervasive across the country. Tap on the links for a full explanation of each scam.

Read More

Is Real Estate Market Changing at California?

Recently, I had a conversation with a seller, “A for sale by owner” seller. I explained to him since all real estate agents are using the same data, same source and same MLS, we present you with the same price with 1%-2% variation. By the way,  you can see all this information in Vylla, Zillow, Redfin, and all other sites offering for free. You can guess or know the value of your home.

What makes the agents apart is their marketing, experience, and negotiation skill. Since, now, we are in a very different, slower market, selling your home for a maximum dollar amount possible, I offer my sellers three strategies. The seller will choose which one suits him or her because a seller’s reason to sell is different, so their marketing plans must be changed.

Stratgy#1: Go for a higher price and see if we can find a buyer who falls in love with your house willing to pay more for your home. "not recommended in this current market."

Strategy #2: List it at what Comparable Market Analysis “CMA” suggests and market it to the prospective buyers and agents.

Startegy#3: Lets listed slightly lower than fair market value and lets the bidding war started. I grantee we end up to sell your property over your asking price.

Here is my step by step marketing plan to tailor for each strategy:

MARKET ANALYSIS
Thoroughly inspect your home and outline all the essential features and upgrades
Determine the Fair Market Value of your property by doing a detailed written market analysis
Provide an estimate of the selling expenses to show your net proceeds
Execute a listing agreement authorizing us to market your property
Provide you with helpful information to make your property as marketable as possible
Recommend repairs and improvements to sell your property for the highest price
Schedule and supervise the home enhancement program, with your approval
Suggest additional enhancement and fixes based on buyer feedback

HOME MARKETING PLAN
Prepare and submit accurate information to the Multiple Listing Service (MLS) and other web-based marketing websites
Schedule a professional photographer to take “perfect” digital photos and virtual tour of your property for the MLS and Internet web sites
Color correct and enhance photographs of your property to maximize the impact of images on the internet and in print media
Install a high-security, computerized lock box to facilitate showings and track showings at your property
Display your home to our sales staff and other agents before listing for the most exposure
Immediately upon the listing, market, and display your home to hundreds of websites and buyer prospects
Promote your property by networking with Top Network Companies, salespeople, and active agents from other companies
Deliver your property information to top local and national agents the moment it hits the multiple listing service.
Promote your listing to over 2000 buyers that are actively searching on our customized buyer web platforms.
Install “For Sale” sign with personalized web page information specific to your property
Distribute a custom flyer outlining the key property features (optional)
Mail just listed letters to your neighbors
Reach more than 40 million potential buyers online monthly through property listing syndication, Search Engine Optimization, and Search Engine Marketing. Your listing will be showcased on thousands of consumer real estate websites. The following are just a few examples: Vylla.com, Homeseekers.com, Yahoo.com, Google.com, Trulia.com, Realtor.com, Zillow.com, and many others
Submit property listing for “Featured Home” position on Realtor.com – the #1 consumer real estate website with 7 million unique monthly visitors
Create and host a video of your property to be featured on Facebook, Utube
Advertise and host consumer Open Houses at the property (at seller’s convenience, optional)
Create buyer specific marketing in a specialized format

COMMUNICATION
Send you a printed copy and a link to the MLS presentation for your approval
E-mail you links to all the Internet presentations for your consent
E-mail you direct feedback from other agents on all showings
Call or meet with you weekly or bi-weekly to report on the activity and review market conditions
Provide regular updated written market reports showing the latest market activity
Continually review our marketing strategy and adjust as needed to get your home sold
Carefully review and present all offers for your consideration
Use unique and specialized sales approach in negotiations to optimize the overall outcome of your sale
Qualify the prospective buyers to be sure they can purchase your property.
Qualify potential buyers (if they are working with our office or team) before any written offer
Prepare a strong response or acceptance to create a reliable transaction that will close on time with no surprises

TRANSACTION MANAGEMENT

Manage all the details of your real estate transaction
Open escrow and review the escrow instructions
Arrange for the property, termite and other inspections
Supervise any agreed-upon home repairs.
Assist with all disclosures, including the seller’s TDS, supplemental

disclosures, smoke detector, water heater, and environmental hazard disclosures
Oversee the loan approval process to be sure your transaction closes on time
Coordinate and supervise the appraisal process to ensure the proper value.
Order the preliminary title report and review the condition of title
Order the HOA documents including the CC and Rs, budgets, by-laws and minutes of board meetings
Provide updated initial closing statements for your review
Stay on top of all other matters to be sure your real estate transaction closes on time and is hassle-free

SERVICE AFTER THE SALE
Arrange for your net proceeds to be wired into your bank account, (if you prefer)
Review the final closing statement for accuracy