Realty Digest March 2021 by Scot Campbell

February 2021 / Circulation 17,500 Monthly

www.RealtyDigestOnline.com

425 22nd Street, Huntington Beach, CA 92648 | Offered at $1,795,000 Elevated Lot | 3 BR | 3.5 BA | 2,928 Asqft | Large Roofdeck | Quiet Street | 2 Car Garage 3D Tour: www.42522nd3Dtour.info This Beautifully remodeled open floorplan Oceanpoint home has an elevated lot and very private front patio with built-in fireplace… equally suited to a morning cup of coffee or enjoying conversation and a glass of wine in the evening. The spacious living room features dining area & fireplace, and the beautifully remodeled gourmet island kitchen features professional appliances and raised fireplace. Upstairs, you will find two HUGE Master Suites… one at each end of the home plus third bedroom/office with full bath in the center. All the bathrooms are luxuriously remodeled… the two master suites feature Ariel Shower systems designed to pamper! Finally, the sunny Rooftop Deck is another wonderful place to relax, enjoy the sunset, or do a Zoom meeting without distractions! Be sure to look at the 3D tours!

SCOT CAMPBELL

COLDWELL BANKER - Campbell Realtors Broker / Global Luxury Specialist 714.336.0394 Mobile / Text scot@campbellrealtors.com www.scotcampbell.com DRE #00943759

Huntington Beach Market Update January 2021

By Scot Campbell, Realtor 2/22/21 Source: Realtor MLS The Huntington Beach residential real estate market performed remarkably well in January 2021.

Safely “Moving” back toward our ordinary lives

It was a month that had 187 new listings and 157 properties sold.

A year ago, those respective numbers were 103 and 201. The Median Days on Market was 35, last year it was 45 days. Clearly, there was a strong appetite for homes during the holidays.

Dear Clients, Friends, & Family – The CV-19 vaccine is already helping many Huntington Beach residents safely move back toward a more ordinary life. Certainly, nothing will ever be the “same” as most of us have lost friends, family, and acquaintances to the deadly virus.

We all hope the kids will be back to school full time before too long and lives which were put on hold due to the lock downs and saferat-home orders will become more full again with safe visits with friends & family. People who intended to “move” to a more suitable home in terms of layout, size, and location will be able to safely accomplish their goals.

A start to every “move” is disposing of things which are no longer needed… especially old financial documents and medical records.

Last year our Annual Shred Event was cancelled due to Covid, but I am happy to announce we are having a Safe CDC Compliant Shred Event on Saturday, March 20, 2021 from 10am to 2pm!

If you have had thoughts of selling, I am here to make your transition to another home the best experience it can be.

Scot Campbell, Broker Cell/Text: 714-336-0394 Scot@CampbellRealtors.com www.ScotCampbell.com DRE #00943759

The January 2021 market statistics are telling us: “2021 is getting off to a strong start and now is a Great Time to Sell a home in Huntington Beach”. If you have questions about buying or selling, I am happy to communicate by phone, text, email, zoom or in person (safely) at your home or our Covid Safe outdoor conference areas at our oceanfront real estate office.

To read my complete report on the Huntington Beach Real Estate Market go to: www.HowsTheHBmarket.com

Remarkably, the List/Sold Price ratio for January 2021 closed homes was 99.1%. So, most homes are selling very close to asking price. The Average Sold Price for all Huntington Beach homes was $1,067,875, an increase of 12.06%. The Median Sold Price increased from $770,000 to $905,000 reflecting a shift in demand for more houses in higher price segments along with price appreciation.

Luxury Listings by Scot Campbell

16255 Tisbury, “Humboldt Island”, Huntington Harbour 4 BR | 4.5 BA | 4,000 Asqft | 57’On Water | Spa | Side Tie Dock

3D Tour & Details: www.16255tisbury.info Custom 2007 built Mediterranean waterfront estate on a quiet cul-de-sac, 57 feet water frontage, side-tie boat dock configured with an end cap for a Duffy. Home is an entertainer’s dream, and a great place to watch the sunset!

Offered at | $3,695,000

5811 Lourdes Drive, Huntington Beach, CA 92649

Single Story | 3 BR | 2 BA | 2,125 Asqft | Large Roofdeck | Grotto Spa | 3 Car Gar

3D Tour: www.5811Lourdes3Dtour.info One-of-a-kind home, an architectural masterpiece which redefines elegance in custom design… This home has been featured in magazines! It was built to entertain from intimate family gatherings to large holiday parties.

Offered at | $1,500,000

How to Sell your Home in “As-Is” Condition Right Now… without leaving money on the table!

Innovation in the real estate industry is long overdue! So, we designed a program for home sellers who would like, or need, to sell their home quickly in its “as-is condition” without leaving money on the table.

We partnered-up with a Private Capital Source to deliver value to homeowners like you. In a nutshell, our partner invests capital, and together we contribute the expertise to simplify the home selling process, prepare the property for sale, and increase homeowner’s net profit.

Selling a home is a big life event with thousands of dollars at stake. Not everyone has the time, available contractors, and liquid cash necessary to prepare a home for the market… yet no one wants to sell at a big discount so a “flipper” or iBuyer (Open Door, Zillow, Offer Pad, etc.) can make a huge profit.

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Our Partnership provides the expertise, capital, and network to deliver the very best outcome for homeowners like you who want to quickly sell a home “which needs some work”.

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The program is 100% Covid-Safe because you get 90% of the current home value “up front” and can move immediately. You do not live at the home while it is being renovated or shown to buyers.

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The program is Less Hassle because you can simply pack what you need and move… no need to move excess furniture or clean the home.

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The program offers you potential profit participation as a result of: The renovation of the home, excellent marketing, and bidding wars which are commonplace for recently renovated homes.

You share in the profit of reselling your home at Top Dollar after it has been renovated: Our Private Capital Source only profits when you profit. And, you take none of the downside risk!

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This program allows you to do a No Hassle Sale of your home immediately (at 90% of appraised value) and ultimately still get Top Dollar.

We leverage our capital and resources to complete strategic pre-sale home renovations to maximize the net resale price of your home, then we aggressively market it on the open market to achieve the highest sales price… ideally we create a bidding war for the home!

Typically, you retain 65-75% and our Private Capital Source Partner receives 25-35% of the additional profits after the resale of your home at Top Dollar.

So, you will recover 65-75% of the Net Profit which results from the fix-up and resale of the property at Top Dollar (Net Profit = Top Dollar Resale Price – Transaction Costs – Fix-up Costs – Holding Costs – Purchase Price).

It is correct for us to say “Typically” because some projects are more challenging than others. As one would expect, our program fees can vary from project to project because of the condition of the structure and the need to correct functional inadequacies (which can be time consuming, but worthwhile in achieving maximum net profits). Once you provide further details about your home, we can provide the applicable program fees for your specific home and an outline of the work which we suggest is advisable to obtain Top Dollar & Maximum Profits.

The program is available to Full Service Listing Clients of Coldwell Banker-Campbell Realtors on a first come, first serve basis, and is subject to eligibility, clear title, market conditions, and minimum ($200,000) & maximum ($2,000,000) value thresholds. Of course, the Private Capital Source does not have unlimited liquid funds, so there are limits on how many clients can benefit from the program at any one time. Program details are subject to change depending on the market. Contact Scot Campbell for more details and to get started!

Luxury Listings by Scot Campbell 628 22nd Street, Downtown Huntington Beach

3 BR | 3.5 BA | 2,369 Asqft | Corner Lot | 3 fireplaces & 2 balconies | 2 Car gararge

3D Tour & Details: www.62822nd3Dtour.info Corner lot, lowest priced Oceanpoint home available! All the recreation you want is right outside the front door of this Downtown HB home: just a few blocks to the sand, surf, bike path, Doggie Beach, and Seacliff Country Club.

Offered at | $1,399,900

8892 Gallant, Huntington Beach

4 BR + Retreat | 3 BA | Downstairs Bdrm | 3 Car Garage Moffett Elementary School tract

3D Tour & Details: www.8892Gallant3Dtour.info Landmark home in the desirable “Moffett Elementary Tract”… Just 2 miles to the beach! Fenced front patio, huge enclosed covered patio, remodeled kitchen open to family room, Downstairs Bedroom & Full Bath, quiet location. Easily converted back to a 5 bedroom home!

Offered at: $1,175,000

Here is an easy way to buy your new home before selling the old one Changing homes is a big life event, and buying a new home in today’s market can be very challenging when you need to sell a home before purchasing the new one.

The inventory of available homes is so low, non-contingent buyers have an advantage over those who need to sell a home first… especially when there are multiple offers. All-cash buyers are occasionally able to purchase at a lower price… because some sellers prefer cash offers even if the price is a little less!

Coldwell Banker-Campbell Realtors is a company that focuses on maximizing value and profit for our clients… but convenience is also part of the services we offer. We believe that innovation in the real estate industry is overdue… and contingent buyers need a “better way” to complete their home purchase.

So, we partnered with a Private Capital Source and created a program to help homeowners like you purchase your new home “all-cash”… and get moved before selling your old home!

We call it our Trade Up Program and it offers value and convenience in three ways. Here is a summary for your consideration: 1. Our Private Capital Source provides an all-cash offer on your behalf to the seller of the home you want to purchase so you can beat out other buyers and get the best price.

2. The program allows flexibility for you to move into your new home before selling your old home.

3. We act as a resource providing our expertise to help you prepare your old home for sale and the marketing muscle to get top dollar. Our goal is to maximize the net sale price of your old home.

Who is this program for?

This is for homeowners who are juggling between selling their current home and locking in their dream home.

With our Trade Up program, we make it possible for you to buy your new home before you sell the old one.

What are the Benefits of the program?

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This program allows homeowners to leverage our ability to make quick closing cash offers to beat out other buyers and get the best price with the convenience of not moving twice.

If your old home needs work before it can be effectively offered for sale, this program lets you move out of the house so that the contractors can get the work done quickly and without disturbing you or your belongings.

The program is more Covid-Safe than the typical home sale process because you will be moved into your new home before any contractors or buyers enter your home.

The program is available to clients of Coldwell Banker-Campbell Realtors who have signed an Exclusive Buyer-Broker Agreement. First come, first serve basis, and is subject to eligibility, clear title, market conditions, and minimum ($200,000) & maximum ($2,000,000) value thresholds. Of course, the Private Capital Source does not have unlimited liquid funds, so there are limits on how many clients can benefit from the program at any one time. Program details are subject to change depending on the market. Contact Scot Campbell for more details and to get started!

Luxury Listings by Scot Campbell

507 Pierside Circle, “Pierside Estates” Hunt. Beach

16412 Ardsley, “Humboldt Island”, Huntington Harbour

3D Tour & Details: www.507Pierside.info

Property Tour: www.16412Ardsley.info

3 BR | 2.5 BA | 2,476 ASqFt | 3761 SqFt Lot | Built 1990

JUST LISTED | $1,350,000

10505 S Morada, Orange Park Acres

Spectacular Hilltop Equestrian Home behind Private Gate

3D Tour & Details: www.10505Morada.info

4 BR | 3.5 BA | 4,245 Asqft | 97’ on water | 85’ dock | 3 Car

CLOSED $3,685,450 | Scot Reprsented Buyer & Seller

16760 A Bay View Dr, “Sunset Island”, Hunt. Beach

3 BR | 3.5 BA | 2,780 Asqft | 3 Car Gar | 3 Story + Deck

3D Tour & Details: www.16760A-Bayview.info

CLOSED $4,800,000 | SOLD by Scot in 71 Days!

IN ESCROW | Offered at $1,995,000

606 13th Street, “Downtown,” Huntington Beach

901 Huntington St., Downtown Huntington Beach

3D Tour & Details: www.60613th.info

3D Tour & Details: www.901Huntington.info

BEACH HOME WITH ELEVATOR | 3 BR | 3.5 BA | 3,106 SF

IN ESCROW | Offered at $2,599,900

3 BR + Bonus Rm | 4.5 BA | 2,746 Asqft | Corner Lot

IN ESCROW | Offered at $1,499,900

My New Virtual Tour Platform allows me to do “Live Virtual Open Houses” with “in-tour audio”. It also has a “doll house” view, 2D floorplan, and annotated details about the upgrades.

Example Property Tour:

www.42522nd3Dtour.info

A Game Changing Virtual Tour Platform has emerged… let me tell you about it.

Before I tell you about it, I wanted to mention that I hope that you are your family are well. Also I wish to express my continued sincere appreciation for the healthcare workers in our community on the front lines fighting the COVID-19 virus.

There are now countless platforms for interior home Virtual Tours.

All the systems have excellent 3D images provided a quality camera is used.

Some systems have tiles along the bottom to move through the house, others have circles or arrows. One of the best Virtual Tour features is the “doll house” view (made famous by Matterport). Some systems can also generate a 2D floorplan, which buyers have relied on for years.

But, what these systems all lack is the detailed information about the upgrades and features of the home that many buyers would like to know as they “walk through”. And, “live” simultaneous communication with the Realtor (similar to the traditional open house experience), has not been available in the virtual tour systems.

The NEW Virtual Tour Platform I implemented for my three most recent listings has all the functionality that was missing in previous virtual tour platforms: Buyers like to see the overall neighborhood, so I am now using Aerial 360 Tours for all my listings where drone flights are allowable.

Example Aerial Tour:

www.Sunsetisland360Aerial.info

I believe Coldwell Banker - Campbell Realtors is the only real estate brokerage in Huntington Beach using these two advanced tour systems. If you are thinking about selling and want the best possible marketing experience for your home, please contact me via phone or text at 714-336-0394.

I can now annotate the upgrades in your home inside the tour giving URL links to features like your new wood flooring, built-in refrigerator, air conditioning, and anything else you want the buyer to know about.

There is also a 2D Floorplan drawing inside the platform.

Most importantly, I can now “Live Walk” the buyer though the home tour… it is like a Zoom Meeting inside of the tour platform.

Like Zoom, multiple buyers on separate devices can be on the “Live Walk” through the home. Perhaps the husband is on an iPhone watching the kids play at the park, the wife is at home on a desktop, and the grandparents were invited to participate on their tablet.

Either myself, or any one of the participants can manipulate the movement through the various “3D Views” of the house.

Want to see a 3DTour that generated 7 showings the First Day the home was on the Market?

Take a look at www.18845Rockinghorse3Dtour.info

Recently Closed by Scot Campbell

www.215lincoln.info

www.20820th.info

Represented Buyer

www.413california.info

www.4149th.info

www.50213th.info

www.52610th.info

www.1020delaware.info

www.60813th.info

www.62213th.info

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www.805alabama.info

www.807alabama.info

www.1017delaware.info

Represented Buyer

www.3446Windspun.info

www.3762Seascape.info

Represented Buyer

Represented Buyer

www.70713th.info

www.16412ardsley.info

www.16821stonehaven.info

www.16872clovergreen.info

www.17011malta.info

www.19267surfwave.info

www.18845Rockinghorse.info

www.16821seawitch.info

How Might the Passage of Proposition 19 Help You? Background: Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable value of their primary residence to:

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a replacement primary residence anywhere in the state, regardless of the value of the replacement primary residence (but with adjustments if replacement has a greater value), within two years of the sale and up to three times (or as often as needed for those whose houses were destroyed by fire).

Always seek expert tax advice before making a move. Prop 19 replaces Props 60/90 (effective 4/1/21) and Props 58/193 (effective 2/15/21).

Scenario #1: Perhaps you already used the “once in a lifetime” transferability of property taxes…

Well, thanks to Proposition 19, you now have two more opportunities to transfer your property tax basis. So, if you already transferred your property tax assessment once using Prop 60/90, but you would like to move to a more suitable home Proposition 19 allows you to make that move!

Scenario #2: Perhaps you have been wanted to move to a county in the State of California that did not offer reciprocity under Proposition 60/90 previously…

Well, thanks to Proposition 19, you now can make that move and transfer your property taxes to a home in a county that previously did not allow transfer of your property tax assessment.

Scenario #3: Perhaps your current residence is not suitable for you. Let’s say it is a two story in need of remodeling, and you want to buy a brand new or completely remodeled single story which is substantially more expensive than the value of your current residence.

Previously Proposition 60 would only have allowed you to buy a replacement home for 5% over the sale price of your current residence. Well, thanks to Proposition 19, you can buy that brand new single story that is beautiful and has the ideal layout for you even if it is 6%, 10%, or even 100% more expensive than your current residence. You can transfer your property taxes, but your property tax assessment increases by the incremental difference in value between the old home and new home.

Scenario #4: Perhaps you want to buy a bigger home which will allow you to combine households. Let’s say, you want to buy a home which will fit you, your daughter, and her family all under one roof. You will be able to help with the grand kids, and they will finally be able to stop being renters.

Previously Proposition 60 would only have allowed you to buy a replacement home for 5% over the sale price of your current residence. Well, thanks to Proposition 19, you can buy a home that is 6%, 10%, or even 100% more expensive than your current residence; perhaps something that has a guest house for you and a main house for your daughter and the family. You can transfer your property taxes, but your property tax assessment increases by the incremental difference in value between the old home and new home.

Scenario #5: Perhaps you have wanted to sell your home, or sell one of your rental homes but you have not done so because the property taxes are low and you want your kids to inherit the low property tax basis.

Well, this is the part of Proposition 19 that hurts… if your heirs do not move into your home or rental when they inherit it, Proposition 19 results in the reassessment of the property up to market value. So, there is no reason to “hold onto” a property so your heirs can inherit low property taxes (if you know they would never move into the home/rental). It is time for you to do whatever you would rather do… do not let the “Tax-Tail Wag The Dog”.

NOTE: Proposition 19 takes effect on April 1, 2021… Always seek expert tax advice before making a move.

Local Postal Customers COLDWELL BANKER Campbell Realtors 1720 Pacific Coast Hwy, Suite 101 Huntington Beach, CA 92648