Long Beach Own Your Owns-OYO-OYOs-Condo Conversions-Income Properties in Long BeachLong Beach Own Your Owns-OYOs-Condo Conversions-Income Properties in Long BeachLong Beach Own Your Owns - OYOsWhat the Heck is an OYO?
Why would I want to own one?
Long Beach has been home to many Own Your Owns over the years. They can be found throughout Downtown Long Beach, Alamitos Beach, Bluff Park and into Belmont Heights; older, usually 2 or 3 story buildings tucked between newer and sometimes taller buildings. Recent Condo Conversions have trimmed the numbers of available OYOs
considerably. OYOs used to be a really good investment, selling for considerably less than Long Beach Condos, they proved to be a very desirable purchase. When they successfully converted to condominiums owners realized large profits. Often condo conversion was the motivation for purchasing an Own Your Own.
Many buyers ask about OYOs. They want to know if they are the same as a condo, or more like a stock cooperative.
OYOs are similar in ownership to condos in that they are both fee simple ownership with individual tax bills and deeds. OYOs are a pre-condominium form of ownership, mostly built in the 50s. They generally sell for less than condos and are occasionally candidates for condo conversion, if they qualify, at which time they increase in value dramatically. Often OYOs will not have sufficient parking to qualify for condo conversion. http://www.longbeachrealestatehome.com/003252 Posted on May 05, 2008 19:18:26 by Laurie.Manny
Laurie.Manny |
Long Beach California Real Estate SalesLong Beach Real Estate Sales
Long Beach California Real Estate Sales UpdateJanuary - April 2008
The real estate market in Long Beach has begun to shift. We have witnessed a steady rise in homes and condos for sale in Long Beach since the beginning of the year, as is witnessed by the chart provided. Buyers who have been waiting out the real estate market hoping to get that incredible deal are now buying those Long Beach homes and condos they have been wanting.
Interest rates are still great, although lenders are tightening up on lending standards. It is getting more difficult to procure a home loan unless your income and credit scores are high, your credit history is good and your debt ratio is low. As we progress into the summer months lending standards will become even more stringent.
Real Estate Sales in Long Beach California - 2008 - Year to Date
http://www.longbeachrealestatehome.com/0031E2 Posted on May 03, 2008 17:37:51 by Laurie.Manny
Laurie.Manny |
Long Beach Condos Sales April 2008Long Beach Condos Sales April 2008Long Beach Condos - Sales April 2008 (Includes Long Beach Lofts and Loft live/work space Sales) There are currently 652 Lofts and Condos for Sale in Long Beach
http://www.longbeachrealestatehome.com/00313C Posted on May 01, 2008 21:53:32 by Laurie.Manny
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Buying Your Long Beach Home - Getting StartedBuying Your Long Beach Home - Getting StartedAre You thinking about Buying a Home in Long Beach?
http://www.longbeachrealestatehome.com/002FEE Posted on April 25, 2008 10:33:52 by Laurie.Manny
Laurie.Manny |
Selling Your Long Beach Homes and Condos - 8 Deadly MistakesThe 8 Deadly Mistakes when Selling Your Long Beach Homes and Condos8 Deadly Selling MistakesSelling Your Long Beach Homes and Condos
1 - Overpricing Your Property
Read also:
An overpriced home or condo will cause prospective Long Beach buyers to choose to view other more reasonably priced properties. As a result, overpriced homes are not selling, and sellers are finding themselves chasing the market down. Never a good position to be in. Read also: Overpricing your Long Beach home and chasing the market down will eventually cost you much of the equity in your home and could send you into a short sale or foreclosure situation. Read also:
2 - Confusing a Re-finance Appraisal with Actual Market Value
Working with your Long Beach Realtor®, looking at the comparables, and properly assessing the value of your home is the safest way to insure that your home is priced competitively for today's volatile real estate market. 3 - Not Staging Your Home
Read also:
If you cannot afford a professional stager the many articles below will assist in placing your home in the best possible condition prior to placing it for sale. Read also:
http://www.longbeachrealestatehome.com/0021D3 Posted on April 06, 2008 22:01:15 by Laurie.Manny
Laurie.Manny |
To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.























