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850 Ocean Blvd - Long Beach CA Condos for Sale
1400 Ocean Blvd - Long Beach Ca Condos
1500 Ocean Downtown Long Beach Condos
Downtown Long Beach Condos 90802
As a consumer, make sure that your agent provides you with the latest comparable sales in the area for the property that you have selected. Typically, they will go back six months to find values just like an appraiser will do for a bank. If you have chosen to buy a Long Beach condo for instance, then expect to see the comparable sales in the same building not surrounding condo complexes.
If you are buying a home in Long Beach, then the comparable sales will be from similar neighborhoods within a half mile of the property. Plus, with condos and homes, we use a square footage range like this….if you buy a Long Beach home with 1300 square feet, then we will find comparable properties between 1200 to 1400 square feet in the neighborhood.
This helps you in two ways:
1. To understand the real value of the home
2. To understand the market trend of housing prices
You the media is hammering the real estate industry that prices have fallen 50%….that’s insane. Talk to your Realtor about the comparable sales, what they think about the value of the property and what they think you should offer. Remember, your Realtor is going to work in your best interests to push your offer through…and they need to use strong evidence to convince a seller to take your offer. So, we suggest that you review the comparable sales, market trends and make an offer that is a little less but one that you think will get accepted.
My real estate partner Stella Frize and I just showed a property at 488 Ocean Blvd in Long Beach, The Aqua Building, on Tuesday, April 22nd, 2008 listed for $499,000. It was a great ocean view condo and a bank repo but it had two offers on it already. So, if our buyer wanted it, he would have had to come in at a much higher price. There are some great buys in the real estate market so be prepared and consult with your real estate professional, hopefully one on The Red Wagon Team at Main Street Realtors, Inc. (grin).
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The difference between an Own Your Own (OYO) and a Long Beach condo is a philosophical one. With a condo one owns the air space that the condo occupies, with an OYO they own an undivided interest in the complex with the right to occupy a certain apartment. OYO has much more limited financing, but otherwise is like a condo in that respect. The taxes on either are segregated (billed to each unit on an individual assessor’s parcel number).
Long Beach has a number of properties classified under the property type of OYO. Some are great buys like one at 1250 3rd Street Unit 12 in Long Beach. It’s a 2 bedroom, 2 bath unit with a garage and 1044 square feet for $198,900.
View homes for sale in Long Beach California priced between $600,000 to $750,000. Find the newest listings 24/7 in Long Beach and surrounding cities along the coast of Southern California.
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The information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify
prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS®.
This web site may reference real estate listing (s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Copyright, SoCalMLS® The Red Wagon Team is a group of top Long Beach real estate agents at Main Street Realtors, Inc.
The information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS®.
This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Copyright, SoCalMLS® The Red Wagon Team is a group of top Long Beach real estate professionals at Main Street Realtors, Inc.
The information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS®.
This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Copyright, SoCalMLS® The Red Wagon Team is a group of top Long Beach real estate professionals at Main Street Realtors, Inc.
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