New First Time Buyer Credit for Home Owners as long as the Sale Price is under $800,000.00 and your income is under $250,000 for a married couple and $125,000.00 for a single person. If you qualify the Government will give you a $8,000.00 tax credit for 2010.  This is an extension of last year"s first time homebuyer credits in 2009. Dont Miss My featured Listing of the Week- 900 Via Nogales, Palos Verdes Estates, Calif. 90274 Click the link below for more details: http://activerain.com/blogsview/1413373/featured-palos-verdes-estates-property-for-the-new-year-2010 01/07/2010

As of today, 12/17/09, there are 3 bank owned (REO) active listings in Torrance (proper Torrance excluding Torrance PO areas) and 26 short sale (pre-foreclosure) active listings. In comparison, there are 107 standard active annd 58 pending (under contract) listings in Torrance today. 11 bank owned, foreclosed homes are currently under contract, 5 sold in Nov 09 vs. 13 in Nov 08. There are currently more short sale homes under contract - total of 63.  17 short sales closed escrow last month vs. only 6 in Nov 08.  Hopefully they will all close although past experience would dictate caution.  Banks have been very tough to negotiate those contracts.  In order to put things in perspective, here is additional data: last month the total of 17 short sales closed successfully vs. only 6 a year a... 12/17/2009

Merry Christmas*Twas the month before Christmas* *When all through our land,* *Not a Christian was praying* *Nor taking a stand.* *See the PC Police had taken away,* *The reason for Christmas - no one could say.* *The children were told by their schools not to sing,* *About Shepherds and Wise Men and Angels and things.* *It might hurt people's feelings, the teachers would say* * December 25th is just a ' Holiday '.* *Yet the shoppers were ready with cash, checks and credit* *Pushing folks down to the floor just to get it!* *CDs from Madonna, an X BOX, an I-pod* *Something was changing, something quite odd! * *Retailers promoted Ramadan and Kwanzaa* *In hopes to sell books by Franken & Fonda.* *As Targets were hanging their trees upside down* * At Lowe's the word Christmas - was no where... 12/15/2009

The Torrance average sales price dropped by 3 percent in October 2009 compared to October 2008, bringing the average price to $513,136T. The  number of sales went up by 20 percent. Torrance SoldListings AverageSales Price AverageDOM  November 2009 108  $537,659 70  November 2008 90  $554,296 79 *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed. Increased sales, on the month to month basis,  in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Homebuyers have also been taking advantage of the federal tax credit of $8000 that was due to expire in November.  homebuyer tax credit was however extended till April next year;  ... 12/07/2009

    Stand for Christmas.com  This is a great website courtesy of Focus on the Family and Dr. Dobson for us all to go to rate major stores on keeping Christmas Themes for their decorating and use of The reasons for the Season- Christmas in the store.  Personally, I agree with Dr. Dobson, that if a store has no decorations or no mention of Christmas they are not getting my Christmas Dollars this year. They need to get Holiday Dollars instead and I don't use those or say Happy Holidays so until the retailers can learn to celebrate Christmas and give our Christian Holiday some respect I will not be shopping in their stores. Keep the Christ in Christmas and don't break the tradition...Be pro active and check out this website or rate your stores also. Stand for Christmas.com. Have a blessed a... 12/01/2009

As of today, 11/22,09, there are only 6 active foreclosure (REO) listings in Torrance.  31 REO homes are currently under contract.  Foreclosure lisitngs stay on average 30 days on the market.  A lot of those listings end up with multiple offers and sell above asking price.  Here is more date to back it up: In October 2009, total of 16 foreclosure homes were sold at the average selling price of $377,982.  The average listing price in that period was $374,939. The number of foreclosures in Torrance dropped drastically this year compared wiith the same period last year.  There were 32 foreclosure sales in October 2008 vs. only 16 sales in October '09.  Average foreclosure selling price was $391,895 in October '08 vs. $377,982, which translates into the 3.6% price drop. All information quot... 11/22/2009

"What we're talking about is the end of our way of life. They want to control you. That's not some wild conspiracy tale — they already control the banks, the auto industry, most mortgages in this country. They will have to ability to control the temperature inside your home with the passage of the cap-and-trade bill. And now they're trying to take control of one sixth of the U.S. economy — health care. They're talking about taking over the Internet in the name of "neutrality" — who asked them to? Where's the problem there? They are moving at the speed of light. We need to get up off of our couches and get into their offices. Call your senators; show up in their office — peacefully and politely, but get there! If we don't stop this now, Obama will succeed in his goal to "fundamentally tr... 11/20/2009

More from my favorite, Jake Hamilton, May his music bring more and more revival to America and Southern California in particular. I pray that revival will start in Torrance, California at Coast Christian Church and flood the  Nation of America now , in Jesus Name. Have a blessed Saturday! 11/14/2009

Buying a Torrance home just got easier with a new Homebuyers Tax Credit bill, which was signed into law last week. The bill extends the tax credit for first-time homebuyers, as well as opens it up to current homeowners who are looking to buy. And even if you aren't looking to purchase - pass on this article to anyone you think might be in the market to do so. This is information that might benefit them greatly, and I'll be happy to be of service to them. Here is a brief overview of the Homebuyers Tax Credit - and its benefits - based on the new bill.Tax Credit for First-Time Homebuyers FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available cr... 11/11/2009

  The Torrance average sales price decreased by 1.2 percent in October 2009 compared to October 2008, bringing the average price to $513,136The  number of sales went down significantly.  This drastic drop in sales last month, after continuous increase over last few months, might be a result of a decrease in the number of foreclosure sales in Torrance. Please note the number of sales is still larger on the month to month basis. Torrance SoldListings AverageSales Price AverageDOM  October 2009 120  $513,136 45  October 2008 243  $519,368 50 *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Increased sales, on the month to month basis,  in Torrance reflect a stabilization of the South Bay real estate market as hom... 11/10/2009

Foreclosure Services will  release new flood of foreclosures in the current market, if you want a list of Foreclosures in the South Bay,  Torrance, Lomita, Carson,Palos Verdes, Redondo Beach, Manhattan Beach or Long Beach just email me and I will be happy to set you up on my free listing service. I have sold several Foreclosures this year and I will also send you the specifics on what is involved, What kind of Buyers the Banks are accepting first, and how to protect yourself and your investment when buying a foreclosure. More foreclosure listings for you in The Torrance, Gardena, Carson, Lomita and Harbor City Areas: South Torrance, Great Nieghborhood, Lovely 3 bedroom/1 bath in prime South Torrance School District. Great for first time buyer looking for location. Asking Price is $589,9... 10/29/2009

There are currently two homes for sale in the Pacific Colony: 5513 Lorna   $995,000 5532 Maricopa $975,000 Currently there is one home in escrow in the Pacific Colony: 5562 Maricopa $978,000 If you would like more informtion about the gated community of Pacific Colony please contact:   10/27/2009

Kathy and I sold two homes in La Terrazza this year. Both sold within a month and within 5% of the listing price. I saw today there is a new listing in La Terrazza. A short sale priced at $569,000! A considerably less amount then what our listings sold for. For details please visit: www.rtyndall.com 10/26/2009

Today there are only 5 single family homes for sale in Old Torrance.There is a total of 31 properties in escrow in Old Torrance this includes, condos and townhomes. The lowest priced home in Old Torrance is currently listed for $460,00. To search all the open houses and homes for sale in Old Torrance go to:http://rachelandkathy.listingbook.com/ To visit the Old Torrance real Estate website please visit: http://oldtorrancerealestate.wordpress.com/ 10/26/2009

Brought to you by your Old Torrance Realtor.   Today there are only 5 single family homes for sale in Old Torrance.There is a total of 31 properties in escrow in Old Torrance this includes, condos and townhomes. The lowest priced home in Old Torrance is currently listed for $460,00. To search all the open houses and homes for sale in Old Torrance go to:http://rachelandkathy.listingbook.com/ To visit the Old Torrance real Estate website please visit: http://oldtorrancerealestate.wordpress.com/   10/24/2009

No matter how many times I read this and pass it on, It always rings true in my heart that America holds the key to change real change by changing what we did and return to being "One Nation under God" not one nation under Politically Correctness that means nothing but a fake peace and a fake nation... America is more lost today than I can ever remember and if it breaks my heart imagine how much it is breaking God's Heart.... Here is Billy Grahams Prayer for Our Nation as heard on Paul Harvey..Wisdom does come with Old age and foolishness is lost on the Youth...Be a Leader and move to action to do the right thing today! It starts with each one of us, one action , one day at a time to fix this country and take it back to God. "Billy Graham's Prayer For Our Nation"THIS MAN SURE HAS A GOOD... 10/20/2009

This is not hard to do and will make the biggest impact!!!  I wrote up a one sentence memo and sent it to all of them quickly.  The Google "autofill" makes it very quick for filling in your address.  We have to get some heat on them!!!!  THIS IS THE MOST IMPORTANT THING I HAVE SEEN ON WHAT WE CAN DO TO STOP OBAMA'S TAKE OVER OF HEALTH CARE.  GO TO THE LINK BELOW AND CONTACT THE SENATORS LISTED AND SAY WHAT HUGH HAS INSTRUCTED...TIME IS RUNNING OUT...THEY WILL VOTE ON THE BACCUS BILL NEXT TUESDAY,    The Hugh Hewitt Show just google this link" Hughhewitt.com and go for it scroll the article and click email at each Senator's name.. This is not hard to do and will make the biggest impact!!!  I wrote up a one sentence memo and sent it to all of them quickly.  The Google "autofill" makes it ... 10/12/2009

The Torrance average sales price increased by 0.5 percent in September 2009 compared to September 2008, bringing the average price to $525,629. The  number of sales increased by 10.3% Y-O-Y to 114 closed sales. Torrance SoldListings AverageSales Price AverageDOM  September 2009 107  $525,629 55  September 2008 97  $522,843 65 *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and but it rose in February, March and May and continued to rise as follows:December 2008 - $478,307, January 2009 ... 10/07/2009

The prestigous gated Pacific Colony in South Torrance is just on the border of South Redondo. Pacific Colony offers a clubhouse, gym, hotel sized pool, soothing waterfalls, and spa behind its gates. This complex is ideally located just minutes to the beach, freeway, shops and award winning West high school district. Built in the early 90's the Pacific Colony located at 5501 Torrance Blvd., offers 5 floorplans. Currently there are two active listings in the Pacific Colony. 21039 Tomlee 3 bedrooms with 2 full baths and 1 half bath 2,513 sq.ft asking $949,000 5513 Lorna     3 bedrooms with 2 full baths and 1 half 2,603 sq.ft asking $995,000   In the past two years the following homes have sold in Pacific Colony: 21061 Wendy sold for $950,000 5549 Lorna sold for $984,000 5507 Maricopa sold... 10/02/2009

Yes, you will hear that you can get into a house with as little as 3-5% down from the Fianance Business but what does a buyer really need to buy a home in the South Bay and not get your offer rejected! Well the current market place depends upon what neighborhood and type of home you are looking to buy. Here are some examples of the current kinds of  Buyers that are successful in getting to purchase the home they want. I am finding that my buyers in the Palos Verdes Peninsula that are shopping foreclosures or 1st time buyer homes are coming up against multiple offers from other buyers and the buyers with the largest down payments are getting accepted. I am seeing many investors coming into the market now and they are offering all cash or 50% down offers to the Seller. These are the first... 09/26/2009