Last week the bank foreclosed on a client's house. Today a coworker will lose a home to the same fate. The housing market is far from receiving a clean bill of health.
Yesterday at my open house three prospective buyers lingered, sat on the patio and soaked in the oh-so-stunning panoramic view, but walked away unable to pull the purchase trigger. Two of the three absolutely want the house, they can afford the house, but they are gripped by fear and lack confidence in the stability of the housing sector. How can a single agent overcome such valid concerns?
The truth is I cannot remove all the risk and offer them a money-back guarantee that purchasing a panoramic view property in Palos Verdes, CA is a good investment. I can tell them their decision to purchase in this coastal community is supported by a strong school system, an almost perfect climate, some of nature's most glorious work in combining the ocean, desert and mountains within a two-hour drive. Ok, so we have an earthquake every now and then, our freeways are overcrowded, and although improved, the air quality is less than desirable when the Santa Ana winds are blowing. All the more reason to come home to your own private sanctuary with the constancy of the undulating ocean and gentle coastal breezes blowing. 
It takes courage to break away from the herd mentality. It takes intestinal fortitude to part with cash in times of uncertainty. So my best advice is buy smart. Buy within your means and comfort zone. Real estate is on sale. Big views are on sale. Shop with care. Be careful and be wise. Consult professionals.
Back up your purchase with as many property inspections as it takes to make you comfortable with the condition of the house. Be diligent, but be reasonable. Sellers are not giving properties away. Most properties have flaws. Evaluate and proceed when your concerns are satisfied and your questions are answered.
I'll be surprised if this week does not yield an offer from Sunday's open house. It's a house that is hard to forget and a view that belongs to only a few. It is the gifted shopper who can sift through the racks and find the gem. And so it is with houses.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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