PODCAST

Long Beach, CA Real Estate Podcast with Melinda Elmer

A Video Blog about the Long Beach Real Estate Market for buyers and sellers by Long Beach"s premiere Realtor Melinda Elmer.

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What an Escalation Clause Can Do for You

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2021/03/26

Here’s how escalation clauses help homebuyers in our market.An escalation clause is a popular tool being used right now to help buyers get their offers accepted. What is an escalation clause?In a multiple-offer environment, it’s sometimes hard to know how to price your offer. You might be willing to go higher than the next buyer, but you don’t even know where to start. Thus, buyers oftentimes make their best guess as to where they think other offers might be. An escalation clause allows you to

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How to Get an Offer Accepted in This Competitive Market

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2021/03/11

Here’s what we do to help buyers win in this strong seller’s market.In a competitive seller’s market like this, things can be tough for buyers. With most condos and homes garnering multiple offers these days, they’re frustrated about not having theirs accepted. We’ve seen as many as 50 offers come in for some single-family homes.There are a number of things we do upfront with our buyers to put them in the strongest position possible. The first thing we do is make sure they’re getting all of

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A Great Way to Get Into Real Estate Investment

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2021/02/25

As a first-time real estate investor, consider buying a multifamily property. If you’re interested in owning real estate as an investment, you know that the market is very competitive in Southern California pretty much all the time. It's very competitive right now, but even before 2020, the last decade or so was the same story.The market is extremely competitive for single-family homes in particular. There is very little inventory, and what does come on the market is generally seized after 20,

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A Strong Market Grows Stronger in 2021

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2021/01/28

Here’s a quick market forecast for the rest of 2021.With all the eviction moratoriums ending this January (UPDATE: This has been extended five more months at least!) and foreclosures dominating the news cycle, a lot of people are wondering if our 2021 real estate market will soon fallapart. I can only speak to what’s happening in Southern California, and in our area, we continue to see a lack of supply and high demand for homes. In fact, with record-low interest rates hovering around 3%,

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Why Do We Recommend a Pre-Sale Inspection?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2021/01/05

Here’s how a pre-sale inspection can greatly benefit a home seller.This past year, we assisted a client who had sold their home but found out during escrow that its entire foundation needed to be replaced. We had no choice but to start all over and completely change our strategy; we did end up selling the property, but at a significantly reduced price, unfortunately. In light of that situation, we’ve become more adamant proponents of the pre-sale property inspection. With this proactive approach,

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What Should CA Homeowners Know About Prop. 19?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/12/10

Here’s what Californians need to know about the recently passed Prop. 19.Several significant changes have been brought about by Proposition 19, and a lot of people don’t have a firm understanding of them yet. Today I’m explaining the good, the bad, and the ugly of Prop. 19 so that everybody is up to speed and can move forward with the same expectations.Let’s start with some of the great things about it. As of April 1, 2021, those who are over the age of 55 will be able to move anywhere in the

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Thank You for Making Our Year a Special One

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/12/10

On behalf of the entire Elmer Team, thank you and happy holidays!For today’s message, I simply want to share some warm holiday wishes and express our gratitude for the support you’ve shown the Elmer Team. Obviously, it’s been a year like no other. We’ve been enduring a pandemic and all sorts of other newsworthy events, and while it’s easy to focus on the negative, we’d rather celebrate this holiday season by reflecting on everything we’re thankful for. We’ve been able to do a lot this year to

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Happy Thanksgiving

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/11/17

Here’s what we’re grateful for this Thanksgiving.This time of year is always a prime opportunity to reflect on what we’re grateful for, and this year—with all of the curveballs life has thrown us—there’s nothing my team and I are more thankful for than you. For all your support, loyalty, and referrals over the past 18 years, we appreciate it from the bottom of our hearts. We wish you a happy Thanksgiving and holiday season, and we hope you stay safe and healthy.As always, if there’s anything we

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What You Need to Know About Your Property Tax Bill

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/11/05

Here are a few tips to keep in mind as you read your property tax bill.Many people tend to have a lot of questions this time of year regarding their tax bills, so today I’ll share what you need to know about the bill and your property taxes in general.My property tax bill says “Information Only” on it in bold print because my property taxes are impounded in my mortgage payment, meaning they’re paid directly from the mortgage servicer. If yours doesn’t have that, it will read “Bill,” and you’ll

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Q: What’s Going on in Our Market?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/09/24

Here is what has been happening in our housing market lately.What are the latest numbers from our local market? Despite all the uncertainty in the world right now, there is some positive news when it comes to real estate:Right now, our area’s single-family home prices are up by an average of 19.5% year over year. Townhouse and condo prices rose by 12.7% over the last year. These are incredible gains.Interest rates remain steady between 2.85% and 3% depending on your credit, what kind of loan

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Q: Do You Know About the Homeowners Tax Exemption?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/09/10

This exemption will save you about $7,000 on your property taxes.I recently had a client call and ask me about the homeowners exemption on their property taxes. It turns out that they had not filled out the form and sent it back into the county, so they wouldn’t receive the exemption until they did.When you purchase a home, you'll get a letter in the mail from the county that asks you if your home is your primary residence. It’s really important that you mail this card back in because then

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Have You Ever Heard of Recasting?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/08/18

Here’s a little secret that could help you save big. Given the ongoing health crisis and our tight housing market, we have a lot of clients who are ready to make a move but don’t want people tromping through their home while they’re still living there. For these folks who would prefer to move out first, we have a solution: recasting. In the past, there used to be something called a bridge loan, which allowed you to move into a new home and then sell your old one. For the most part, these loans

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4 Home Improvements With a Great ROI

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/07/30

What can you do around the house to prepare your home for an upcoming sale? If you’re like many Americans, you’re probably getting (too) used to spending time around the house. Well, if you’re planning to sell your home, this might be a good time to take advantage and prep your house for the market. Here are four simple home improvements that will bring a great return on your investment when you sell: 1. Decluttering. Go through the sundry items you have laying around: If you haven’t used

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To Sell or Not to Sell

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/07/17

Sellers: Now is a great time to put your home on the market. What opportunities are there for sellers right now? Here’s what you need to know about our current market. First, interest rates are as low as they’ve ever been, and these low rates are driving a ton of motivated, qualified buyers to the market. Additionally, inventory is as low as it’s been in a long time. These two factors are ramping up competition among buyers for the limited number of homes for sale and increasing prices. So

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Q: Which 3 DIY Projects Will Liven Up Your Property...

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/07/01

Here are some DIY projects to tackle while you’re stuck at home. So many of us have been stuck in our homes for the past couple of months, and it looks like that will continue for the rest of the summer, even as things start to reopen. If you’ve been getting cabin fever, it might be a good idea to liven up your space by embarking on some DIY home improvement projects. This article from Forbes has a detailed list of projects for all experience levels, but three in particular stood out to me:

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Q: How Is Our Market These Days?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/06/17

These are the essential stats for our current real estate market. Today I wanted to share a brief market update since there are so many things happening in the world right now and people are concerned with how the real estate market is being affected. One question I receive frequently is whether it’s currently a good time to buy or sell. In June, we’ve been seeing signs that people are ready to get back out there and either buy or sell a home. Pre-pandemic, we would generally see, on

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Will Housing Prices Fall Soon?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/05/06

A shift into a buyer’s market is possible, but here’s why it isn’t very likely.Many people have asked whether the coronavirus will be the event that finally brings housing prices down in Southern California, and while none of us have a crystal ball, there are a couple of really basic things we’re seeing that will shed light on this issue.First of all, back in 2007, we had a very different lending environment from what we see today. Basically, if you could walk, talk, or breathe, you got approved for

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Mortgage Forbearances in the Wake of COVID-19

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/04/09

Are you having trouble paying your mortgage? You may need a mortgage forbearance. With so many employees being laid off or furloughed in the wake of the coronavirus pandemic, homeowners who can’t pay their mortgage are looking at their options. The same goes for renters who can’t cover their rent. Today I’ll shine a light on a few of those options. The first is mortgage forbearance. Mortgage forbearance is a period where you don’t have to make any mortgage payments. However, it doesn't mean

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Q: How Can I Get the Best ROI When Selling?

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/03/09

Here’s how you can maximize your ROI on a home sale. Looking to sell a home in Southern California? Click here for a free Home Price Evaluation Looking to buy a home in Southern California? Click here to perform a full Home Search Recently, I’ve had a number of properties that were in some serious need of repairs. These homeowners all asked me what they needed to do to get their homes sold for top dollar.In most cases, when a seller hasn’t been able to maintain or update their

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Get Rich in Real Estate

Long Beach, CA Real Estate Podcast with Melinda Elmer ·

2020/02/20

I’m sharing all the details about our upcoming “How to Retire Rich in Real Estate” workshop! Looking to sell a home in Southern California? Click here for a free Home Price Evaluation Looking to buy a home in Southern California? Click here to perform a full Home Search I’m inviting you to an upcoming “How to Retire Rich in Real Estate” workshop. On Saturday, March 14, at 10 a.m. we’re hosting this workshop with my broker Neil Schwartz, who has been in the business for over 40 years

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Long Beach, CA Real Estate Podcast with Melinda Elmer

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