Long Beach Real Estate-Downtown Long Beach Condos

Here on our Long Beach Real Estate site I usually write purely real estate related articles targeted at educating and informing buyers and sellers of Long Beach Real Estate. Today I would like to give you a little peek into the business side of things and explain how they can affect the sale or purchase of your Long Beach homes.

In a recently published post I disclosed the 2008 closed sales in Long Beach; 674 of them, through 4/30/08. While the chart shows the sales increasing each month, the sales figures are still very low. (Includes sales of homes, condos, lofts, co-ops, Oyos, 2-4 units and 5+ units as recorded on the MLS)

• Jan 130
• Feb 153
• Mar 179
• Apr 212
• Total: 674

These are difficult times for those of us surviving in the real estate industry. Going into this down market there were about 2900 licensed Realtors on record, there are currently about 1600 licensees active in the Long Beach area. Every market will support a certain amount of agents based on the closed sales of that market. Each agent needs a certain amount of closed sales in order to survive. Lets assume that 8 to 10 closed sales for the year are required for a Realtor to even survive this market; 674 closed sales would produce 8 to 10 sales for the year, for between 200 and 250 Realtors. Those sales are currently spread across 1600 current licensees, which would equate to less than ½ of a sale for each Realtor for the first 4 months of 2008.

In the real estate industry we have an 80/20 saying. It states that 20% of the agents do 80% of the business. 20% of 1600 agents = 320 which would equate to about 2 closed sales for the majority of the 20% still doing business.

So how are 1600 Realtors surviving a market with sales that will currently only support 200 to 250?

• Some have other income, or a spouse or significant other with income.
• Some have taken on Part or Full time jobs, while trying to juggle their real estate.
• Some have anticipated this market and made plans to survive it.
• Some are making enough sales to manage.

What of the 80%? That is 1280 agents, still active, for the last 4 months. How are they surviving with little or no sales? Well, they either have spousal support a trust fund or they have accepted salaried positions. Lets take a look at that. Real estate is a more than full time job; it is a commitment which permeates every hour of every day of our lives. Real estate transactions require a lot of attention on a daily basis. Escrow, title, lenders, inspections, appraisers banks and more need to be attended to, mostly during normal business hours. Buyers need to see properties around their schedules which often means after work or weekend showings. Sellers properties often need tending, flyers run out; keys go missing from a lock box or end up in another box on the same property. A pipe may burst on a listing with an out of town owner; anything can happen. How is an agent who has accepted employment elsewhere, with a set schedule, going to be able to deal with the schedule and responsibilities of a full time Realtor? How does that affect the buyer or seller? Has the agent even disclosed to the buyer or seller that they are not fully available? Do you know if your agent is available to conduct business, full time on your behalf?

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Model Your World

Thinking about remodeling your homes, kitchens or baths, considering a landscaping project, building a deck or any new project can be mind boggling. Just considering how to express your dream to the architect or contractor and knowing that you and they have the same vision can be a stressful experience.

The Google Gods have developed an absolutely great solution. It's a 3D modeling software, it's easy to learn, simple to use and best of all it is free. It's called Google SketchUp 6. Now before you start pulling your hair out, let these 4 autistic children show you how easy it can be.

Isn't that amazing and wonderful?

Google SketchUp also allows you to place your completed models into Google Earth using real-world coordinates and share them with the world using Google 3D Warehouse. You can learn more about Google SketchUp here.

Or you can download the free version here.

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Small Living Space Solutions for Long Beach Homes

Buyers relocating to Long Beach California from various parts of the country are often dismayed at the idea of leaving their 4000 + square foot homes on acres of property for smaller homes on smaller lots here in Long Beach.  Having built up a lifetime of collections and belongings they look at our smaller spaces and often just cant wrap themselves around how to fit into these spaces.  While additional storage space is not always the answer it often helps. 

Beach living often means less living space.  We have smaller lots but better air, less square footage but a better quality of life. 

• So what the heck do we do with all of our stuff? 
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• We look for wasted space in our Long Beach Homes and find ways to use it effectively. 

Closets have a lot of wasted space. Organizing closets and utilizing every square inch of space has become a necessity.  Organizational systems line the walls of our garages, our attics fill up and still we search for that elusive additional storage space. 

Staircases take up a lot of space, so why not use them for storage as well.  Unicraft Joinery designers have come up with an absolutely brilliant idea for unique storage in otherwise wasted space.  Imagine each step is a box with a hidden drawer in it still allowing for additional storage or home office space beneath the staircase.  

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