Author: cgilles

Since home prices began falling a few years back, property appraisals have also been plummeting. Appraisal complaints have been rising steadily throughout the industry. Buyers and Sellers need to know that Real Estate Appraisers just report what the market is, they do not make or influence the market. Appraisals can come in low for a variety of reasons.You need to understand that appraisals are based on closed sales for a comparable home or property. A low appraisal can prevent you from buying or selling a home at the price you have negotiated or planned on. If the appraisal comes in really low, the buyer has the option of increasing the down payment to lower the total loan amount. A buyer can also use a low appraisal to re negotiate a lower price. Both buyers and sellers should do their research on values in their neighborhood. The sellers should always clue in the appraiser on recent sales and on any special features that might influence the appraisal, like improvements or special materials that make the property more valuable. The sellers should also be present when the appraisal is being done. Even when all of the above has been taken into account, some appraisals still come in short. The buyer usually pays for the appraisal and the buyer has the right to ask for another appraisal if the buyer isn't happy with the results of the first appraisal. Also, the appraiser should be a local appraiser so they are aware of the market conditions of the area. Read More

The City of Torrance Presents the 53rd Annual Armed Forces Day Parade May 19, 2012. Sat May 19 at 1:30 PM Over the years, the dedicated servicemen and women of the American military have insured that our freedom and democratic form... Read More

n the city of Torrance located near Maple Avenue and Sepulveda Blvd. is the community of New Horizons-Southbay. The several hundred condo complex is situated on an over-sized piece of property and includes a 9 hole golf course, 2 pools, wood working shop, ceramic (kilns) shop, a full gym with facilities for men and women, tennis courts, billiard room, and more. This complex was built in the early 1960s and is boasted as the first planned California Condominium Complex. Another similar complex was built at the same time just north of Santa Barbara. This is a 55+ Senior Community with all modern amenities, a clubhouse featuring a large kitchen, auditorium, library, and several card rooms. The property is absolutely beautiful with plenty of walking trails and sidewalks that meander through the two story and bungalow buildings. The units are 1,2,3 bedrooms and most have 1 1/2 baths. Some units even have 2 garages, but all have at least 1 enclosed garage space. The entire facility is all electric. Walking around this large neighborhood reminds one of being in one of the beautiful condo complexes in Palm Springs. The complex is operated by a HOA, managed by the homeowners themselves. There is much pride in both the community and in the way the complex is managed by volunteer homeowners themselves. There are condos available for sale or for lease from time to time, but not many people want to move once settled down here. Read More