Basic Real Estate Statistics Explained for Beginners – Local Records Office

LOS ANGELES, CA – Local Records Office is going to define some of the basic real estate statistics that get thrown around on a regular basis. To do that, we will use one real estate market, located in Los Angeles County. Even more granular, we will use the single-family numbers for homes in Long Beach, CA, a medium size city of approximately 500,000 residents, which has seen substantial real estate growth in the past 12 months. It is important when reviewing real estate statistics to use a group of numbers large enough for consistency, but granular enough to tell your story.

 

Real Estate Statistics for Newbies

 

Local Records Office says, “The statistics that we will be referencing are true and accurate for the year discussed but are being used to define the real estate statistic itself.”

 

We have chosen Long Beach, CA as our example because the growth of the local real estate market that make the statics stand out.

 

Anytime you are evaluating statistics, especially in real estate, the source of the numbers are extremely important. In most instances, the MLS (Multiple Listing Service) provides the most accurate numbers when referring to real estate says, Local Records Office. This is because they have all listings by all local real estate broker in their database. For the sake of explanation of the data, we will be looking at the numbers for home sales in Long Beach, CA, directly from the MLS. These numbers are meant to give an example of how to read the statistics themselves. Anytime you evaluate real estate numbers, its important to pay close attention to how the numbers are gathered. In this instance, we will be using ONLY single-family properties in the city of Long Beach, California.

 

These Are Basic Real Estate Statistics

 

Number of Sales – This one is pretty self-explanatory. It is simply the number of single-family homes sold in a particular month. In January of 2015, they had 51 single-family homes sold. One thing to pay attention to when looking at this statistic is are they using the Under Contract date or the day the property actually went to closing says, Local Records Office. These two dates are usually between 30 and 60 days apart, so its critical that you know which one is being referenced. In addition, many of the homes that get calculated, if you are using the “under contract” number may not actually close! In our example, we are using the number of homes that actually closed. In January of 2016 they had an increase of over 49%, which brought the total to 77 from 51. Growth of that level is very seldom ever seen.

 

Sales Volume – Sales Volume is simply the total amount of dollars spent on single family housing within that month. Once again, when reviewing this statistic, it’s important to keep the property types consistent. If you are comparing two areas to see which one has grown more and you include vacant land in the number for one area, you must include it in the other too says, Local Records Office. As previously mentioned, our examples only include single-family properties. With Number of Sales looking at the units, you would expect the Sales Volume to go up appropriately, but in this instance, it went up even more than the units (by percentage). The total Sales Volume of single family homes in Long Beach in January of 2016 was $15,191,500 as opposed to the January of 2015 number of $9,281,915. That is an increase of over 63%. Because the Sales Volume went up at a larger rate than the number of units, this reflects the average home sale being much larger in 2016 than 2015.

 

Months of Inventory – Local Records Office says, “This is a commonly referred to statistic when examining a real estate market.” This statistic refers to at the current rate of sales, how long will it take to sell through the existing level of inventory. This reflects the supply and demand for the market. In our example, in January of 2015 the level of inventory was 9 months and in January of 2016 it had dropped to 6 months. That is a 33% drop in available inventory! This means if you are looking to buy a home in Long Beach, CA, it will be a little tougher in 2016 as there are fewer inventories available to buy.

 

Median Days To Sell – This stat simply refers to how long it takes for single-family properties to be put under contract. Don’t let the “to sell” confuse you. To accurately show the demand for active homes, you really want to track how long it takes to go “under contract”. The process of acquiring final lender approval, insurance and getting to a closing can vary on a variety of factors. In January of 2015, the Median Days to sell was 88 says, Local Records Office. That number dropped by over 30% to 61. Once again, this tells you if you are looking for homes in Long Beach, CA, you better get your offers in quickly as the most desirable homes are going fast!

 

Average Price – This statistic can be derived in a variety of ways. We are going to use it in its most raw form and simply be the Average Price of Homes Sold within that month. Be careful when looking at this statistic printed anywhere as how the user defines the date sold can vary. Needless to say, Average Price can be used for active homes for sale or for the homes that sold. The Average Price of ACTIVE homes for sale is generally a pretty useless number as you can list a home for any price, without any possibility of it ever selling. Many homes listed for sale are at unrealistic prices thus the Average Price of Active homes for sale can fluctuate dramatically and give little insight into the market says, Local Records Office. You will want to look at the Average Price of SOLD homes. In January of 2015, the Average Home Sale was $181,998 and it jumped to $199,888 in the same month in 2016. This is an increase of almost 10%. This is not a number that truly tells the increase in home values across the board, but simply of the homes sold in that month, what the average was. Check out videos here.

 

Median Price – The Average Home Sales Price can be skewed by a variety of factors says, Local Records Office. All it takes is one 5 million dollar home sale to throw those numbers off. To get a better view of the overall increase in value, it can be better to look at the Median Sales Price. Median Sales Price takes the number that is perfectly in the middle. For instance, if you have 11 homes that you are using in your statistic, you would take the sales price of the 6th one. This leaves 5 homes sold higher and 5 homes sold lower. In this instance, they are pretty close as the Median Sales Price increase from January 2015 to 2016 was 9.69%. This shows that we didn’t have the Average Price skewed too much because of an extremely large or extremely small sale.

 

There are hundreds of ways to look at the same numbers, when referencing to real estate, so be very careful to read the fine print on exactly what numbers they are using says, Local Records Office. When making comparisons, you will want to make absolutely sure that both are referencing the same property types, dates etc. It like the old saying says… there are lies, damn lies and statistics.

 

In an effort to describe some of the most basic real estate statistics, we are using the market statistics from Long Beach, California as they have seen some extraordinary growth.

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12 Ways to Prepare Your Home to Get Higher Offers – Local Records Office

Get a Higher Offer on Your House – Local Records Office (VIDEO)

LOCAL RECORDS OFFICE – LOS ANGELES, CA – You’ve decided to sell your home, and you want to get top dollar for it. And you’ve seen TV shows where homeowners spend thousands of dollars staging their homes for sale, but there’s an important detail to consider: You don’t have thousands and thousands to spend says, Local Records Office.

Homebuyers Unexpected Delays at Closing – Local Records Office

 

The good news is there are many things you can do to spruce up the look of your home without shelling out a lot of money.

“Updating isn’t as expensive as it used to be,” says Lori Matzke, author of “Home Staging: Creating Buyer-Friendly Rooms to Sell Your House” and a home staging expert in Minneapolis who teaches workshops nationwide. “There’s a lot of DIY information out there.”

First impressions matter, and that’s why you want to start by making sure your home exudes curb appeal. Go all out with small do-it-yourself projects. Cut the grass, trim the bushes, get rid of dead branches and consider planting some flowers. Replacing the mailbox and house numbers and painting the front door can also make your home more appealing to a prospective buyer driving by. If the house looks dirty, wash the siding or stucco.

“I’ve seen houses that look really frumpy on the outside and great on the inside,” Matzke says, “but you can’t get [potential buyers] in the door.”

Prospective buyers, particularly young ones, often can’t see past the homeowners’ decor to what’s most important about a house – the floor plan and space. That’s why it’s important to make the home look as neutral and appealing as possible.

“People get so stuck on the negatives, all the homeowner’s stuff, that they forget to look at the property,” Matzke says.

Sellers should give themselves at least a few weeks to get their homes ready for sale, especially if they need to take up carpet or repaint. While the painting is fairly simple and inexpensive compared with other improvements, a new coat makes a significant impact.

READ MORE: You Don’t Need a Real Estate Agent to Sell Your Home in 2016 – Local Records Office

“Fresh paint is a really good seller if you don’t know how to paint hire a few handymen,” Matze says. “Do it in trendy neutral colors.” Painting dated kitchen cabinets can also make the kitchen look fresh and new.

You also want to make sure your home photographs well. Most buyers start their home search online, and they may quickly reject a home if the listing photos aren’t appealing.

There’s no rule of thumb about how much you should expect to spend getting your home ready to sell because every house is different. But investing a few thousand dollars can potentially increase your sale price by much more than that, in addition to making your house sells more quickly. “Anything that you can do is only going to benefit you,” Matzke says.

Here are 12 affordable ways to stage your home for sale:

Remove all clutter, personal photos, knickknacks, and other junk. “Cleaning out the clutter just creates so much space, and that’s what people are looking for – space,” Matzke says. “It just really makes your home look bigger and younger.”

Edit your furniture. If your rooms are crowded, consider putting bigger and less attractive pieces of furniture in storage. This will open up space and make your home look larger. Make sure there is nothing obscuring buyers’ eyes from focal points, such as fireplaces and views.

Clean, clean, clean – then clean some more. Wash the windows, clean the cobwebs out of the corner and scrub the grout in the tile floors. Even though you’re not selling the furniture, clean that as well because it adds to the overall impression you’re trying to give.

Spruce up the outside. Add a new doormat, new house numbers and maybe a new mailbox. Paint the front door. The little stuff matters here.

Refresh your landscape. Clean up flowerbeds, add fresh mulch and plant flowers. Make sure bushes are trimmed and neat.

Paint. In some cases, you’d be wise to paint the entire house inside and out. In other cases, touching up and painting the trim might be enough. Paint over your kids’ purple walls with a neutral color. If your kitchen cabinets look old and dated, paint those. You can never go wrong with white, cream or brown, but you should pick a color that matches the rest of the kitchen decor.

READ MORE: What No One Told Me About Buying Rental Property – Local Records Office

Clean or replace light fixtures and cabinet hardware. “It’s not a really expensive undertaking, but it really makes a difference in how the home is presented,” Matzke says.

Don’t forget the small stuff. Pay attention to details, says Sherry Chris, CEO of Better Homes and Gardens Real Estate. “New, matching towel sets in the bathroom, accent pillows on the couch and fresh flowers can be welcoming elements to a homebuyer,” she says.

If you can afford it, replace the old carpeting. If your home has hardwood floors underneath, that’s even better. Ideally, you should refinish wood floors but even just exposing them is good, Matzke says.

Local Records Office Merges with New Homeowners to Find Up-to-Date Property History

 

Make sure each room has a defined purpose. If you’ve turned your dining room into an office, return it to dining-room status, Matzke says. But Chris suggests putting up tent cards that say “Dining Room or Office” to point out alternative uses for space. That would also work in a bedroom you’re using as an office.

Make sure your front yard isn’t overgrown with uncut dead grass or ugly weeds. This is the first thing potential homebuyers see first when they first arrive. You want to give a good impression all around.

Dogs, cats, and other pets. Most of us custom to our pet’s unique smell since we smell them every day but other people may think that your dog’s urine smell is overpowering the house. Take your cats litter outside and out of view. If you have aggressive dogs like Pit bulls or Rottweiler’s you might want to get someone to take them while the open house is happening.

Water damage – If you have any kind of water damage make sure you take care of it as soon as possible. Water damage is dangerous and may scare off potential buyers. Mold usually grows from water damage and may cause serious health problems to you and others.

Copa America Centenario: Full TV schedule, group standings, results

The 2016 Copa America Centenario tournament will get underway Friday with the opening match (USA-Colombia) and conclude with the championship match at MetLife Stadium on June 26. The United States will host all 32 matches as 16 participating nations will battle to win the 100th celebratory edition of this historic South American tournament.

The 16 teams participating are broken into four groups of four teams, with the top two teams of each group advancing to the knockout stage. Groups were drawn on Feb. 21. Let’s check out each group, along with the entire TV schedule for arguably the biggest soccer tournament on American soil since the 1994 FIFA World Cup.

Fri., June 3USAvs.ColombiaLevi’s Stadium9:30 p.m.FS1Sat., June 4Costa Ricavs.ParaguayCamping World Stadium5:00 p.m.FOXTue., June 7USAvs.Costa RicaSoldier Field8:00 p.m.FS1Tue., June 7Colombiavs.ParaguayRose Bowl10:30 p.m.FS1Sat., June 11Paraguayvs.USALincoln Financial7:00 p.m.FS1Sat., June 11Costa Ricavs.ColombiaNRG Stadium9:00 p.m.FS2

 

Quick Way To Lower Your Property Taxes Problem – Local Records Office

LOCAL RECORDS OFFICE: If you are a property owner, you can hardly slither away from the clutches of paying taxes. Having spent your winter holidays and said adieu to your dear folks, you may be hit with a shock after seeing your annual property tax reports sitting inside your mailbox says, ‘Local Records Office’. Never panic if your consolidated tax for the year is skyrocketing! You can always find ways to sort things out even if it’s a herculean task.

Even if you are the rightful owner of your property, you often wonder why on earth am I spending big bucks on property taxes. No commotion. After all, the property you own rests on this very earth with distinctive territories that nations own says, ‘Local Records Office’. That is not to say that it’s a hard and fast rule and do not dare to give a second-thought. Try to analyze the tax report. How the levied tax has been broken down? Was there anything in it that’s misleading and calls for reassessment? Or perhaps property tax reduction?

Local Records Office: Property Tax Reduction

Knocking the doors of a tax assessor may be a viable solution for all your taxing money concerns. Indeed, it may lead to bringing his attention towards any loopholes in the drafted tax report. Or you may fax or email a property tax appeal letter to your county’s tax board highlighting the tax specifics for a change over. In fact, all the roads lead to Rome. Either way you can seek the help of tax officials, and if you put your heart in it, you soon notice finding themselves in a position to lower taxes for your property.

Watch out! No mindless prep ups before you make way for a tax assessor heading your property. Also, don’t be fooled underestimating him. All assessors are as prudent as a serpent. Better be an penniless implorer than a money-savvy treasurer in the eyes of a tax assessor.

Local Records Office: First Things First

Local Records Office says, “You can never come to a conclusion after going through your tax report in a single go. First up, walk down to your locality’s tax assessor office and ask earnestly for your property’s record card”. Browse through the card and to your surprise; you can see that it has a run-down about the nook and crannies of your property. It takes you virtually to your own property walking the length of your marked rooms and garage with their dimensions and scanning the property fixtures for its life and worth.

If you get going, you may happen to step into a bathroom or bedroom that does not exist at your property if you’ve been there. In such a case, you may bring this issue to the attention of a tax assessor at the office and do away with the false entry in the record card. Eventually, you may end up in property tax reduction to your own benefit.

Local Records Office: Sneak Peek Your Next Door

Don’t wear blinkers like horses while reevaluating your property and open your mind to explore your neighborhoods too says, Local Records Office. Does the build-out of your next-door buddy’s space is the same as that of your own? If so, have a crosscheck whether his total tax outstanding goes with what yours really is. Luckily, you come up with a mismatch and be sure don’t hesitate to make your move. Ask the tax assessor to look into it for reconsideration and guide you in property tax reduction.

This is when a tax advisor comes in handy to wash out your doubts on new construction. Rise up a lot of questions and finally, take a wise decision.

 

Google Says Google.com is ‘Partially Dangerous’

Google is a “partially dangerous” website and people should be careful when using it, Google has warned.

The site’s main search engine could try and steal the personal information of its users or install malware on their computers, according to Google’s unusually frank assessment of itself.

The warning comes as part of Google’s own online transparency report, which lists reports on how private and safe websites are – and calls out those that are potentially dangerous.

DIY: How to Get Rid of Your Termite Problem in Your New Home – Local Records Office

LOCAL RECORDS OFFICE: You just moved into your new home, after a few days you notice that you have a termite problem. What do you do now? Most of your saving went towards your down payment. ‘Local Records Office’ has created this easy and cheap DIY article to help you. Because we know termites are one of the most feared pests as their action can be devastating, not only in furniture and wooden objects, but even in the large structures of the home such as beams. It is important to act when there are visible signs of these insects in this house, as they act very quickly. Pest control professionals are best equipped to put an end to the problem.

Red Flags That Should Raise Concern on Inspection Local Records Office

Termite Problem Could be Very Serious

Local Records Office says, “Numerous pests and insects may infest you home, such as moths, flies, ants, etc. Of all the pests, however, termite infestations may be one of the most problematic, with devastating effects”. This is due to the fact that they feed on cellulose and therefore can ruin any surface or wood object and its derivatives, like wooden beams and other structural elements of a home. Needless to say, termites are small bugs that can cause big damage.

There are two types of termites:

  • Underground termites: live in damp earth. They are often not seen initially. They attack wooden structures and are very destructive.
  • Wood termites: these are visible and leave marks in the form of sawdust, holes in wood, traces, etc. These are usually noticed and exterminated before causing a lot of damage.

For this, we recommend that at the earliest evidence or symptoms of termites you contact a specialist in home pest control. Although they may be expensive, they know best and will be able to get rid of these annoying insects before it is too late. Remember that not doing anything about the termites right away will cost you more on home repair in the long run.

Termites Come in Colonies

Even so, there are some methods that can be used to put an end to the termites. Boric acid is an antiseptic that is available in pharmacies that it is also used to tackle infestations of ants and other insects.

There are also pesticides and other chemicals with which you can to try to eliminate the termites in your home. Go the Home Depot, DIY shop or specialist shop where they can inform you further.

READ MORE: Do a Mold Inspection Before Buying a House

Furthermore, there is also the possibility of using bait with pesticides to ensure that the termites carry these to their nests so all the insects die. This method is slow and not guaranteed, especially if the infestation is already extensive.

The fact is that the best method to eliminate the termites is by prevention. To stop them entering the home, cover all cracks and other corners where they can creep in. Also, monitor the furniture, especially the oldest pieces, to ensure that they are in perfect working order.

It is also important that you know how to prevent clothes moths, another of the common home pest.

To learn more about real estate and Local Records Office go to www.Local-Records-Office.org

 

How to Photograph Water Splash – Photography 101

Dive into the world of high-speed photography as we show you how you can capture a fruity splash with your flash.

High-speed photography is a fantastic way to capture some spectacular effects. Freezing the moment an object breaks the water’s surface makes for stunning splash photography.

The setup may look complex, but all that’s required is a bit of preparation beforehand, some photography and flash know-how, and a great deal of patience! We used a macro lens but a standard zoom will do the job.

We’ll show you how to create your own tabletop studio and set up your camera and flash to capture some high-speed action. Our aim is to capture the cherry just after it’s broken the surface of the water, but before it sinks to the bottom of the container.

In order to freeze the action at the exact moment the cherry splashes into the water we’ll be using off-camera flash. By lighting the splash from the side we’ll get more depth and avoid capturing nasty looking shadows.

This isn’t an exact science, so getting the timing right is a bit of an experiment. So what are you waiting for? Grab some fruit and let’s get started.

1 Manual for full control
In manual mode, set shutter speed to the maximum flash sync speed (1/180-1/250 sec, depending on your EOS). Set a narrow aperture (eg f/8) for a good depth of field and set ISO low for noise-free shots.

2 Master flash
To set the pop-up flash as Master, go to Flash Control Settings and enable Flash Firing. Select Built-in Flash Func, scroll down to Wireless Func, press Set. Select the option to trigger the off-camera flash only.

3 Set the Slave
Set your flashgun to the Slave wireless setting and the same channel as camera. Select Manual flash power and you can adjust the output via the camera’s Flash Settings menu. We started off with 1/4 power.

4 Pre-focus
Grab a spoon and submerge it in the water, roughly where your subject will fall, and pre-focus, then switch your lens to MF to lock the focus. It may take a couple of attempts to achieve accurate results.

Final Tips

Diffuse the light
Clear surfaces, like glass, can be a challenge to shoot as they’re so reflective. If you fire a burst of flash in the direction of the glass container, you’ll capture lots of imperfections in the glass – and plenty of fingerprints and dust, despite cleaning it before you started. Position your reflector’s translucent diffuser panel between the setup and off-camera flash to soften the light.

Flash and exposure
To capture splash photography without motion blur we need to use flash as this can capture much faster movement than your camera’s fastest shutter speed. For best results you’ll need to shoot in a fairly dark room, so turn off the lights and close the curtains. Manually set your flashgun to 1/4 power, take some test shots, then fine-tune the exposure by adjusting the aperture to darken or brighten the image.

Why Are Vitamins Good for Our Health

When it comes to obtaining the micronutrients your body needs, your best possible source is food, especially fruits and vegetables. But circumstances may prevent you from eating optimally every day. The main reason I take supplements is for insurance against gaps in my diet. Also, researchers are finding that some important vitamins (D and E particularly) and minerals are protective against disease in amounts that may be difficult to obtain through diet alone, no matter how conscientious you are. This is another reason I take supplements faithfully and encourage my patients to do so as well.

I recommend a comprehensive antioxidant and multivitamin for women and men as the basic foundation for nutritional insurance. My recommended daily antioxidant regimen includes 200 mg of vitamin C, 400 to 800 IU of natural vitamin E (or 80 mg of mixed tocopherols and tocotrienols), 200 mcg of selenium, 15,000 to 20,000 IU of mixed carotenoids, and 30 to 100 mg of coenzyme Q10.

Supplementation to cover dietary gaps is only one aspect of optimum health, which also includes the following lifestyle approaches:

Be active
For optimum health, I recommend walking every day.

Eat a diet rich in antioxidants and omega-3 fatty acids
Vegetables and fruits are the best sources of antioxidants, although tea and dark chocolate contribute as well. Cold-water fish, freshly ground flaxseed and walnuts all provide omega-3 fatty acids.

Do not smoke and avoid secondhand smoke
Smoking is the single greatest cause of preventable major illness. The best defense against the harmful effects of tobacco is to never use it.

De-stress
Practice breathing exercises and explore other relaxation techniques such as yoga and meditation to find ones that work for you.

Question and answer
Q. What is the optimum time of day to take vitamin and mineral supplements? Are there certain foods that interfere with absorption?

A. There are no rules about the best time of day to take supplements. My advice is to take them when they agree with you most. Many people find taking pills of any kind as part of a morning routine makes it easier to remember, so taking them with breakfast is a popular option. Vitamin and mineral supplements can cause nausea, heartburn, and other gastric disturbances, especially when taken on an empty stomach. For best absorption and the least irritation to the stomach, I generally suggest taking your supplements with a meal containing fat. This is particularly important for the fat-soluble vitamins (A, D and E). Experiment with taking your supplements with lunch or dinner if they cause you problems with breakfast.

Instagram Will Become More Like Facebook, With Algorithmic Feed

“To improve your experience, your feed will soon be ordered to show the moments we believe you will care about the most,” the company wrote in a blog post announcing the change. “The order of photos and videos in your feed will be based on the likelihood you’ll be interested in the content, your relationship with the person posting, and the timeliness of the post. As we begin, we’re focusing on optimizing the order—all the posts will still be there, just in a different order.”

Instagram-mobile

Some users of the photo-sharing app are likely to be unhappy with the change, as many Twitter users were when the company began testing more curated feeds. But for parent company Facebook, which engineered the social algorithm that now influences more than a billion people, this move is not unprecedented.

Judging by Instagram CEO Kevin Systrom’s comments to the Times, the change likely has less to do with controlling what users see and more to do with the app’s increasing popularity. “On average, people miss about 70 percent of the posts in their Instagram feed,” Systrom told the Times. “What this is about is making sure that the 30 percent you see is the best 30 percent possible.”

Unlike Facebook’s news feed, Instagram will still show every post on your feed, albeit reordered—so you can still get your fill of parody accounts and puppy photos.