Ed discusses what to do when a buyer is dealing with multiple offers.
CONNECT:
Ed celebrates 25 years as one of the top real estate agents in the United States.
“Hi, it’s Ed Kaminsky, and we’re checking in today from our real estate
offices here in Manhattan Beach, California. It’s been almost 25 years to
the date that I stepped inside my first real estate office.
I actually believed at that time that when I was hired, there would
actually be buyers and sellers sitting in a waiting room ready to buy and
sell homes, and all I had to do was smile and ask them to sign some
paperwork and I’d get paid. Well, I sure had a lot to learn. Since then, I
have successfully navigate two market crashes, while helping clients avoid
financial disaster, helped make a lot of clients get rich in real estate,
and everything else in between.
The biggest lesson I learned was, if I was going to be successful in the
real estate business, I better figure out how to take care of my clients.
Sellers want one thing, buyers want another. Sellers want their property
sold. They want it marketed professionally. They want accurate information.
They want it sold as high as possible, and they want as few headaches as
possible. Buyers want the right home at the right price. They want to be
able to count on you for local and national knowledge. They need insight,
desire strong negotiation skills, and they will want as few headaches as
possible.
In 25 years, over 2,000 properties sold, over a billion dollars in sales,
representing first-time buyers to today millionaires, billionaires,
athletes, and celebrities, the road has been a fun, challenging, rewarding,
and certainly educational journey.
One question that’s always been asked lately is: “What has been is the
biggest change in the last 25 years?” My first answer always is that the
amount of hair on my head has massively decreased. The other is technology
and accessibility of current information to consumers has dramatically
changed. Everything is now available instantaneously on the Internet.
Consumers want to know more, and they are armed with that knowledge.
For real estate professionals, our job is now interpreting the massive
information and helping clients understand how to use it. I’m welcoming the
new challenges and looking forward to the new ones that will be delivered
in the next 25 years. At the end of the next 25 years, I certainly hope to
see more golf courses than real estate contracts, especially since the next
generations of Kaminskys are tapped into the technologies of real estate
that will transform the buying and selling experience.
For those that have been along the ride, I want to say thank you sincerely.
I really appreciate you. For those that I haven’t met yet, feel free to tap
into the quarter century of experience. Call me or try to tell 2012 style
and text me, e-mail me, Facebook me, or tweet me. Anyways, until then, you
have a great day.”
Ed Kaminsky of Shorewood Realtors brings you an inside look of the Hermosa Pointe townhomes in Hermosa Beach, CA.
Ed Kaminsky of Shorewood Realtors presents his latest home fly-over, 1401 Rubio Street in Altadena CA. This spectacular home was built in 1925, it has 6bd/3ba, and sits on apprx 2 acres of land.
Ed Kaminsky of Shorewood Realtors checks in from one of his current “pocket listings” in Hermosa Beach, CA.
4 detached townhomes (2 sold, only 2 available as of April 11, 2012!)
Each with separate yard area
2 story design
930 sf ocean view decks
Appx 2565 sf of living space
Unobstructable, panoramic ocean views
Each unit has same floorplan & sg.ftg.
Meets/exceeds current green building standards
2 car garage
Will be completed with luxury, designer finishes, etc.
Contemporary urban beach luxury
“Hi, it’s Ed Kaminsky and we’re checking in today from Hermosa Beach,
California, and we’re at one of those “pocket listings.” This property is
on the 700 block of 21st Street, 725 21st Street to be exact, and there are
four unbelievable, completely detached townhomes. Two of them are already
sold. We have two more left, and they’re not even finished being built. But
these are probably unlike anything you’ve ever seen in the marketplace
before, certainly in Hermosa or even Manhattan Beach.
Because they’re detached, you have a lot of privacy that feels like a
single family home that actually even has a small yard. But the best thing
about these homes are these incredible decks. They’re huge. They’re almost
a thousand square feet. The doors, which it’s hard to see today, pocket
back and open up, so you’ve got this full indoor/outdoor living going on
here. Unbelievable, and then of course you get to enjoy these unbelievable
ocean views all the way from Malibu to Catalina, Palos Verdes, and beyond.
So if you want to learn more about these, you can actually go see some
pictures online at HermosaPointe.com, and there’s an “e” at the end there.
So it’s HermosaPointe.com. And check them out, or just give us a call if
you’d like a private tour of these homes that are under construction in
Hermosa Beach, California.”
After selling over $19 million of real estate in one week, of which 12 million dollars worth were pocket listings, Ed thought he’d put together a video to explain the ins and outs of a pocket listing.
“Hi, it Ed Kaminsky, and I’m checking in from . . . well, I can’t really
tell you where I’m at because we’re at a pocket listing, and we’re going to
talk today about, what is a pocket listing.
You know everyone’s talking about it. Last week alone I sold over $12
million of inventory, all pocket listings. Some I represented the buyers,
and others, the sellers.
As I explain what a pocket listing is, we will show you a few of those
properties now. In short, it’s when an owner of a property tells a real
estate agent that they would consider selling their home if they have a
buyer, but they do not want it on the MLS or traditionally marketed.
Now why would a seller do this? Well, there are many reasons why sellers
don’t want their home on the market officially. They may be preparing it
for sale and it’s not ready to show. They may lack motivation to sell, but
if you bring them a certain price, they’d sell it. Now they may be very
private people and prefer the world doesn’t know they are selling.
There are some benefits and drawbacks for sellers though with pocket
listings. One benefit is obviously accomplishing the goal the seller has in
regards for their personal reason that they do not want it on the market.
Second, they are usually in a strong negotiation position, as they can tell
any interested buyer whatever price and terms they want, and if the buyer
won’t agree, they can simply list it on the open market.
Now the biggest drawback, of course, for sellers is the lack of exposure,
and thus, they may miss out on a buyer who may be willing to pay more money
for the home.
Now there are certainly benefits and drawbacks to buyers as well. The
biggest and most obvious benefit to the buyer is usually he has the first
shot at getting the home before it hits the market and everyone else knows
about it. The biggest drawback, of course, is the fact that sometimes the
pocket listing is actually not under contract, and it’s just a verbal
offering. The seller has no obligation to sell their property to the buyer,
even if the buyer offers exactly what was considered full price. This can
cause frustration to those involved. So it’s always best to find out if
there’s an actual listing agreement before you start negotiating. Now it’s
okay to negotiate on a pocket listing that has no contract, but just be
aware that’s what you’re dealing with.
Now everyone’s favorite question. How do I find out about pocket listings?
Well, you need to know the agent that has it, or know an agent who knows
the agent. There are always a group of top agents in any marketplace that
seem to know everything that’s going on in their community. You need to be
connected with one of those agents.
Real estate agents who carry pocket listings usually only share them with
agents they know and trust. Find one of these great agents and you will
have access to all of the inventory. And if you find yourself in Manhattan
Beach, Hermosa Beach, Redondo Beach, or Palos Verdes, I think I know where
you can find one. Just try calling 310-798-1277, and we’ll talk to you
soon.”
This is an Absolute Auction, meaning there is no reserve! Starting bid is just $2,000,000. This home was previously listed at $6,499,000!
6 bed – 6 baths – 7000 sq ft of living space
279 Bay Shore Drive
Ocean City, New Jersey
08226
www.premiereestates.com for more information
Ed Kaminsky takes “Selling The Westside” viewers on a tour of 230 Anderson Street in Manhattan Beach, CA. For more information please visit www.itzsold.com
“Welcome, I’m Ed Kaminsky with Shorewood Realtors, and you’re about to enter
a home whose architecture was inspired by the French Riviera. We’re located
here in Manhattan Beach, California in the heart of the Hill Section. Come
on in and take a look around.
So here we are at 230 Anderson Street. This home is 6,100 square feet on
three separate levels, which offers a in-home home theater, the master
suite, as well as some additional bedrooms. Upstairs is the main living
area, which offers your living room, family room, and just beautiful vistas
of the Pacific Ocean.
Down below we have a full basement level, which includes a four-car garage,
indoor two-car garage, fully enclosed, and there’s additional workshop
space, not to mention a full size gym.”
Ed checks in from Premiere Estate Auction Company’s upcoming land auction in Gardena, CA. This 12,000+ square foot residential lot will hit the auction block on March 28th, 2012 with a starting bid of $50,000. This piece of land was once appraised at $928,000!
“Hi, it’s Ed Kaminsky from Shorewood Realtors and Premiere Estates Auction
Company. We’re standing here today on this large residential lot. This is
over 12,000 square feet, and this property is going up for auction. The
seller says “get rid of it.” The auction is going to be on March 28th, and
I’ll tell you a little bit of a story about this property. This was
originally purchased for $800,000, and at that time we actually have a bank
appraisal in that appraised it for $928,000. The opening bid on this
property is $50,000. That’s it.
So this is a great opportunity if you’re a developer and you want to build
some units here. It is zoned residential. You’re going to have to check
with L.A. County exactly what you can build, but likely somewhere between
four units and six units. There once was plans designed for an eight unit
condominium complex. I can’t tell you if that could be approved, but I know
someone did attempt to do that.
Come and take a look at this lot. It really is two lots. You have this lot
here. It goes all the way straight back, and then it jettisons off over
into the back over here. So you have good width here. You can imagine a
driveway coming down here. You could probably build four separate
structures, like single family standalones or a bigger complex or maybe
it’s just a small complex with a large outdoor space. A lot of different
options here in the way you can build this structure.
If you’re not ready to build yet but you have a little bit of money and you
want to do some land banking, we’ve talked about that before, this is a
great opportunity to just land bank, which is basically buying this land
and treating it like a savings account, because it’s going to be worth a
lot more money really soon.”
Ed Kaminsky of Shorewood Realtors checks in from his latest listing in the Hollywood Riviera, 461 CALLE DE ARAGON Redondo Beach, CA. For more information about this property and others in the area, please visit www.ItzSold.com
Hi, it’s Ed Kaminsky. We’re checking in from the Hollywood Riviera, Redondo
Beach, California. Now, officially, this is actually the city of Torrance,
but it’s the Redondo Beach Post Office.
This property is situated on probably one of the best corners in the
Hollywood Riviera because you capture a view all the way to Malibu, all the
way across the whole Beach City area, and then east as far as you can see.
Today you can see downtown Los Angeles, the Hollywood sign, the mountains
over there. You can actually see the snow-capped mountains today. It’s
really an unbelievable view.
This home here is just under 1,500 square feet, very cute, move-in
condition. Just priced under $1 million, at $989,000. I would say this is
$1 million view, but this is probably a $2 million view, but you can get it
for under $1 million.
So come on in and take a look around. We’ve got a virtual tour available
here on our website, and we’ll see you soon.
Contact Us
Ed Kaminsky - DRE# 00958114
Tel: (310) 798-1277 | Fax: (310) 798-8883
www.itzsold.com
Email Us
1230 Rosecrans Ave, Suite #160
Manhattan Beach, CA 90266
Tel: (310) 798-1277 | Fax: (310) 798-8883
www.itzsold.com
Email Us
1230 Rosecrans Ave, Suite #160
Manhattan Beach, CA 90266