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Archive for January 2011

Hermosans Map South Bay Bike Routes

Monday, January 24th, 2011

By Victor Merina | January 19, 2011

Locals gathered at the Clark Building to discuss proposed regional bike paths during a South Bay Bicycle Master Plan open house Tuesday night.

With a gathering of bicycle enthusiasts around her, Marissa Christiansen waved her hand toward the surrounding exhibit of maps, posters and charts, urging the Hermosa Beach crowd to step up with its suggestions or concerns.

“What you tell us will be the cornerstone of what we will consider for our proposed master plan,” said Christiansen, director of the South Bay Initiative for the Los Angeles County Bicycle Coalition.

Christiansen is spearheading efforts to create aSouth Bay Bicycle Master Plan that intends to link existing networks and expand bike paths in seven local cities:  El Segundo, Gardena, Hermosa Beach, Lawndale, Manhattan Beach, Redondo Beach and Torrance.

After holding similar workshops last week in El Segundo, Lawndale and Gardena, Christiansen called Tuesday’s workshop at the Clark Building “the first step” for residents of the Beach Cities to make their voices heard.

The open house sessions in Hermosa Beach, Manhattan Beach and Redondo Beach will be followed by a second round of workshops in the spring and will culminate in a proposal that will go to all the municipalities for approval.

“August is what we’re aiming for, and how quickly it’s adopted is based on comments we get back from City Council, commissioners, and the public,” Christiansen told Patch on Wednesday.

Her group’s aim is to look at existing bicycle plans in the region, meet with city staffers and come up with a workable proposal.

Hermosa Beach is among the cities that have already adopted a master bicycle plan, but instead of clashing with local efforts the regional plan “will supplement and provide linkages” to other bicycle networks, Christiansen said.

“What we are doing is filling the gaps in between the various plans and finding links,” she said. “If you look at all these different bike plans there’s not a lot of interconnection between the cities.”

Here in Hermosa Beach, more than 60 people followed Christiansen’s invitation and fanned out along the wooden floors at the Clark Building (where a jazzercise class had been only an hour before) and studied charts, marked maps, compiled lists and discussed bicycle needs Tuesday night.

Dick Pio, who at 83 has lived more than half of his life in Hermosa Beach, said he rides a tandem bike with his wife, Lois, and is concerned about the safety of one particular stretch of road where the bike path enters Manhattan Beach along the Strand.

“We have ridden thousands of miles and hundreds of hours so we know every bump, every crack, every hazard,” he said after using a marker to show the portion of the bike path that he believes should be fixed.

Tony Leal, 41, was also busy marking up the map as he outlined the bike routes he takes and the danger spots he has seen.

Leal, an aircraft mechanic at LAX, routinely bicycles to work from his Hermosa Beach home, he said, and stressed the need for more bike lanes and accessible roads to bicyclists as their numbers increase in this era of rising gas prices. He added that the Strand has become a difficult place to bike.

“I won’t even let my 9-year-old daughter get on the bike path,” he said. “It’s so packed and so dangerous. It’s already so crowded.”

Local runners and walkers were also interested in the bike master plan developments.

Eileen Kadowaki, 53, hopes to incorporate cycling into her physical regimen and favored more bike lanes on the streets, she said. But for now, her primary interest is how a bicycle master plan would affect her own routine.

“When I’m not running I like to walk so I want to see what plans are for changing walking routes in the city,” she said.

Dency Nelson put a sticker on the map to show where he lives in the city. Nelson, who’s known around town for driving an electric car and using solar panels at home, said he views the South Bay Bicycle Master Plan as a boon for the environment.

“My interest in this is not so much as a recreational bicyclist but to encourage bicycling as an alternative clean vehicle and a way to get around,” said the 59-year-old Nelson.

Plans for a regional network of bike paths and routes in the South Bay date back to November 2009 when the South Bay Bicycle Coalition was formed. The nonprofit group was awarded a $240,000 grant last year by the Los Angeles County Department of Public Health to draw up a regional bike plan.

In addition to the coalition, the Vitality City program is sponsoring the bike master plan workshops. The preventative health project is working with the Beach Cities Health District as part of a three-year “community-wide well being improvement initiative.”

Frank Senteno, Hermosa Beach’s interim public works director, was encouraged by what he heard at Tuesday’s meeting and looks forward to meeting again with members of the local bicycle coalition to view their findings and learn more about the regional network, he told Patch.

“Our next step is to see what other agencies are doing and see what we have to plan for in taking the next steps,” Senteno said.

Similar workshops are scheduled for Wednesday at the Joslyn Center on Valley Drive in Manhattan Beach and Thursday at the Alta Vista Community Center at 715 Julia Ave. in Redondo Beach—both sessions begin at 7 p.m.

http://hermosabeach.patch.com/articles/hermosans-map-south-bay-bike-routes-in-workshop?ncid=M254

Why Use a REALTOR®?

Sunday, January 16th, 2011

By Realtor.org

Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with buyers, arranging and staffing open houses, and coordinating with other professionals in the sales process.

Only about half of all real estate agents are REALTORS® – the top half, in our not-so-humble opinion. REALTORS® work independently, for small agencies, or for large brokerages. They help people buy and sell residential or commercial properties, vacation homes, and land; they conduct appraisals; they operate in the United States and in other countries; some specialize in auctions; and others are buyer’s representatives.

REALTORS® Are Experts

Eighty-five percent of sellers were assisted by a real estate agent when selling their home, according to NAR Research, and 79 percent of buyers purchased their home through a real estate agent or broker.

Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Here are 12 ways a REALTOR® will make your home buying or selling experience better.

REALTORS® Are Part of the Community

REALTORS® Work to End Housing Discrimination – during April, which is Fair Housing Month, and all year long. REALTORS® are active members of their communities

REALTORS® Protect You

Only REALTORS® Follow a Code of Ethics

To be a member of NAR and a REALTOR®, a real estate agent must abide by a set of professional principles and serve clients fairly.

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics:


If a REALTOR® represents you, whether you are buying or selling a home, you can count on that REALTOR® to:

1. Be honest with all parties in the transaction – not just with you, as his or her client, but also with the other real estate practitioner and his or her clients.
For example, if REALTORS® represent a buyer with a spotty credit history, they can’t be dishonest with sellers about this fact. At the same time, REALTORS® can help their buyer clients collect and assemble information, such as credit reports and audited tax returns, to demonstrate that the buyer has addressed the problem and improved their situation.

2. Put your interests ahead of his or her own, at all times.
A REALTOR® makes every effort to understand the housing needs of his or her client, thoroughly researches available inventory, and shares all relevant information with the buyer so that he or she can make an informed decision. This service is provided regardless of the compensation available.

3. Disclose all pertinent facts regarding the property and the transaction to both buyer and seller.
If a REALTOR® believes information provided by a seller is questionable, the REALTOR® is obligated to investigate. REALTORS® should recommend that buyers consult their own experts, such as home inspectors, to address concerns. For example, if a home seller asks his or her REALTOR® to conceal the fact that the roof leaks, the REALTOR®cannot comply; if the seller insists, the REALTOR® should end the business relationship with that seller.

4. Be truthful in all communications with the public.
When REALTORS® distribute newsletters, create Web sites, or place advertisements, they must be careful not to represent other real estate professionals’ work product as their own. If recently sold or listed properties in the community are publicized, it must be clear whether the REALTOR® was actually involved in the transaction, or whether that data came from the local multiple listing service or other source. This ensures that the public understands the REALTOR®’s experience and can make an informed decision when choosing real estate representation.

http://www.realtor.org/home_buyers_and_sellers/why_use

First-Time Homebuyer’s Basics In 10 Easy Steps

Sunday, January 16th, 2011

Step 1: Are You Ready?

Knowledge and experience are the keys to successful real estate transactions. REALTOR.com® contains an enormous amount of valuable information, and such data — combined with the expertise, experience and training of local REALTORS® — can be the essential keys to your success.

One of the keys to making the home-buying process easier and more understandable is planning. In doing so, you’ll be able to anticipate requests from lenders, lawyers and a host of other professionals. Furthermore, planning will help you discover valuable shortcuts in the home-buying process.

Do You Know What You Want?
Whether you are a first-time home buyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing time frame?

Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals. As an interesting exercise, it can be worthwhile to look at the questions above and to then discuss them in detail when meeting with local REALTORS®.

Do You Have The Money?
Homes and financing are closely intertwined. (Financing is the difference between the purchase price and the down payment, commonly referred to as debt or the mortgage.) The good news is that over the years new and innovative loan programs have evolved which require a 5 percent down payment or less. In fact, a number of programs now allow purchasers to buy real estate with nothing down.

In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with closing the loan). Several newly emerging loan programs not only allow the purchase of a home with no money down, but also underwrite closing costs.

Not everyone, however, elects to purchase with little or no money down. Less money down means higher monthly mortgage payments, so most home buyers choose to buy with some cash up front.

As to closing costs, in markets where buyers have leverage, it may be possible to negotiate an offer for a home that requires the owner to pay some or all of your settlement expenses. Speak with local REALTORS® for details.

Is Your Financial House in Order?
Those great loans with little or nothing down are not available to everyone: You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.

Click Here To Read More on Steps 2-10…….

Who Really Benefits from the Mortgage Interest Deduction?

Sunday, January 16th, 2011

NATIONAL ASSOCIATION OF REALTORS®’ Chief Economist, Lawrence Yun sent the following response to the editor of The Washington Post in response to the January 1, 2011 article, “Trim the Excessive Tax Subsidy for Real Estate.”

January 2, 2011

It’s a common misperception that the mortgage interest deduction benefits primarily the wealthy, as argued in the Washington Post’s January 1 editorial, “Trim the Excessive Tax Subsidy for Real Estate.”

In fact, the MID actually benefits primarily middle- and lower income families. Sixty five percent of families who claim the MID earn less than $100,000 per year, and 91 percent who claim the benefit earn less than $200,000 per year. As a percentage of income, the biggest MID beneficiaries are younger middle-class families.

The MID helps many families become home owners by reducing the carrying costs of owning a home. The ability to deduct the interest paid on a mortgage can mean significant savings at tax time. For example, a family who bought a home last year with a $200,000, 30-year, fixed-rate mortgage, assuming an interest rate of 5 percent, could save nearly $3,500 in federal taxes when they file next year. That’s real money they can use to pay down other debts, save for their children’s college education, or put away for retirement.

It’s no wonder, then, that most Americans support the MID. In fact, in a recent NAR survey by Harris Interactive of 3,000 home owners and renters, nearly three-fourths of home owners and two-thirds of renters said the MID was extremely or very important to them.

Unlike the very rich, much of whose wealth is tied to the stock market, the wealth of most middle-class American families is connected to their home. Millions of these Americans bought their homes with the understanding that mortgage interest is tax-deductible, and many of them have steadily paid down their mortgages to build equity in their home. Eliminating or reducing the MID would destroy part of this hard-earned equity for all home owners, independent of their tax filing status.

Furthermore, we also need to be mindful that home owners already pay 80 percent to 90 percent of U.S. federal income tax, and this share could rise to 95 percent if the MID is eliminated. Proposals that would remove certain tax benefits in return for lower tax rates just may hold for one or two terms of Congress before the tax rates are changed again. Americans are not naïve; they understand the nature of Washington politics.

For people who don’t have hundreds of thousands of dollars in savings to buy a home outright, tax benefits like the MID help them begin building their futures through home ownership. In a time when the middle class faces increased economic pressures, you can be sure that the National Association of Realtors® will remain actively engaged to ensure that hard-working, home-owning families continue to receive this important benefit.

NAR Chief Economist Lawrence Yun

Angry residents stormed City Hall to protest proposed Hermosa parking permit fee increases.

Sunday, January 16th, 2011

By Jacqueline Howard

No Parking Permit Fee Increase

The City Council unanimously agreed Tuesday to pull the plug on a proposed parking permit fee increase for residential parking permits and guest permits. The decision was made after a crowd of angry residents stormed City Hall in protest. The council also agreed to revisit other proposed parking permit changes at another meeting.

Road Rehab

The city hopes to fix potholes and uneven pavement on local roads this year. The City Councildiscussed the 24-street improvement plan in a meeting Tuesday, and expects to open bidding on the project in February.

http://hermosabeach.patch.com/articles/week-in-review-parking-and-roads

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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