Learn about housing market trends
SUNSHINE CLUB
Maryann Shaddow will give a presentation on the real estate market for Leisure World at the Sunshine Club’s next meeting on Friday, June 2, at 10 a.m. in Clubhouse 3, Room 2.
Shaddow has been with On-Site Home Sales for the past five years. She has been a resident in Mutual 14 for the past 11 years.
Real estate is an ever changing entity. It is now the buyer's market. Sales have slowed, and prices are coming down slightly. It was just a few short months ago that homes were going over asking price and sold as soon as they came on the market.
Interest rates have had a lot to do with this. When the federal government increases the interest rate, it slows the amount of money being lent. Many shareholders do not realize that even though the majority of LW homes are all cash, this stills affects residents. People who are looking to buy here are searching for a buyer on the outside. That means they often need to secure a mortgage. Since interest rates have been increasing, it is making it harder for the homes on the outside to sell and to supply potential buyers.
Sellers have to make their homes stand out among the crowd. That means painting, flooring and staging are more important than ever.
The On-Site Home Sales office will help LWers coordinate with approved vendors to make this as smooth and easy as possible. Realtors come out and provide a market analysis, allowing sellers to determine what work they need to do and what price point the home will sell for.
On-Site has people who will help clean out a unit, do repairs, and provide professional staging.
On-Site Home Sales gives back every year to the community, which helps keep the GRF portion of the HOA’s down for residents. On-Site Home Sales is the only real estate office that is endorsed by the Golden Rain Foundation and the Mutual Corporations. Last year the company gave back $610,575.00 out of commissions.
Finally, Shaddow will go over the process for listing homes to sell and touch on what is required from a buyer to purchase in here. Each Mutual has its own rules for buying and selling The Sunshine Club will host four speakers this month including Shaddow. Vice President of Alzheimer’s Orange County Patty Mouton will speak on June 9; retired Seal Beach Police Officer Rick Paap June 16; and GRF Executive Director Jessica Sedgwick, June 23. There is no Sunshine Club meeting on Friday June 30, due to the GRF Resource Expo.
The Sunshine Club requires no membership fees; but donations are welcome.
For more information, contact Anna Derby at 562-301-- 5339.
