Happy Easter from our family to yours. We wish you a very happy and healthy Easter. Keith Kyle and Vista Sothey’s International Realty
Understanding Contingencies in California Real Estate Transactions
One thing that justifiably concerns both home buyers and sellers are contingencies. Contingencies are basically just conditions that have to be met in order for the purchase of the home to be finalized. The most prominent contingencies are inspection, appraisal and loan. The
boilerplate timeframes on the CAR (California Association of Realtors) purchase agreement, or the standard offer, are 17 day contingencies for inspections/investigations, 17 day for appraisal and 21 days for loan. These are negotiable during the offer and counter but those are the standard timeframes.
So what do they mean?
Every situation may be different so we’ll stick with a normal situation. What it means is that you have that amount of time to get those tasks accomplished. For instance you have 17 days (again if that’s the timeframe negotiated) to have any an all investigations, inspections, etc. to completely satisfy your concerns. On day 17 the sellers would expect you to remove, in writing, that contingency. California is an active contingency state so contingencies don’t automatically expire on a certain day….they must be removed in writing. Once contingencies are removed it becomes more difficult to get your initial deposit back (usually 3% of purchase price in our area) unless there is some type of breach of contract by the other party or unless the other party agrees.
Worried about meeting your transaction contingencies in order to have a smooth home sale? I’m here to help! Send me a message with your questions.
Beachfront Homes on the Hermosa Beach Strand
Ahhh the good life. It doesn’t get any better than this…..The epitome of luxury beach living on the world famous Strand in Hermosa Beach. 
This is truly Hermosa Beach’s premier address with spectacular beachfront homes with unblockable views. Homes on the market range from lot value “tear down” properties, to new construction luxury homes that takes full advantage of the location and offer a the very best in beach living. See also homes on the Manhattan Beach Strand or South Bay oceanfront homes for sale.
If you’re interested in knowing about beachfront Strand listings just tell us about your ideal home and we’ll send you FREE customized new listing email alerts!
Current Beach Front homes for sale on the Hermosa Strand
Our Most Recent Listing in El Segundo a “Featured” Home on Bloomberg Real Estate
We recently sold the home at 1510 E Oak in El Segundo and were proud that it was one of the highest home sales of the year in this small coastal community. It was a beautiful home and was even featured on the Bloomberg Real Estate website. It’s always a pleasure to get our listings the exposure that they deserve! View all of the current homes for sale in El Segundo CA or see the 2019 home sales in El Segundo.
Congrats To Our Clients for the Recent Sale of Their Oceanview Condo in Redondo Beach
We wanted to both congratulate and thank our wonderful clients on the sale of their ocean view condo in The Village in Redondo Beach CA. The condo sold for $650,000 which is one of the higher priced sales ever in the complex. The recorded sales price was $633,750 as the buyer’s agent waived all commission (equivalent sale for the seller of $650,000 as same net to them). View the current oceanview condos for sale in The Village and Seascape complexes in South Redondo Beach.
Congratulations and thanks so much for putting your trust in me!
The home was listed and sold by Keith Kyle of Vista Sotheby’s International Realty. Keith is a top producing realtor and specializes in The Village in Redondo Beach
Throw Back Thursday – One of The Favorite Homes We’ve Ever Sold
We’ve been fortunate to sell some pretty spectacular homes…..from oceanfront homes on The Strand in Manhattan Beach, to incredible ocean views on the water above Paseo De La Playa in the Hollywood Riviera and so many more. One home we really loved was a historic craftsman in Torrance once owned by the Torrance family.
Here’s a bit of information on throw back Thursday:
1323 Cota, Torrance CA 90501
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- $899,000
- 3 bedroom, 1 1/2 bath
- Huge 10,500+ foot lot
- 1,944 Sq Feet
- View the current homes for sale in Old Torrance
This California Craftsman Executive Home is a magnificent, rare find. Built in 1914 on huge R2 lot near Nativity Church & Triangle Park, one of the most desirable parts of Historic Old Torrance. This 2 story home has fabulous bones & incredibly retains all its Historic charm and was recently featured in the Daily Breeze. The large front porch that tracks the entire width of the house is perfect for sitting on pleasant evenings. Original front door enters into a large living room with large fireplace. The office features the original built-in desk, a coat closet and is accessed through the original pocket doors. The formal dining room has a grand built-in hutch/buffet & wainscoting. A sunny breakfast room is connected to both the dining room & kitchen. The circular downstairs floor plan is great for entertaining with a separate area for the original staircase that wraps through the center of the house. Upstairs are two large bedrooms & another smaller 3rd bedroom. There are 2 separate two car garages in the rear off the alley. Two additional storage rooms are connected to the first garage. Huge 75′ x 140′ lot (10,500 sqft) has endless possibilities including another one story house (Check with City of Torrance Building Dept). Title & Records Search indicate that this house was once owned by Jarred Sidney Torrance. Truly one of Old Torrance’s best properties & a Once-in-a-Lifetime Opportunity to own a piece of local History. To appreciate this house and its craftsmanship you must see it yourself. Contact Torrance realtor Keith Kyle with Vista Sotheby’s International for more information or for a private showing. 310.251.2344
