Three Sixty At South Bay

360 Real Estate and Homes for Sale in Three Sixty at South Bay, of of the premier gated communities

How We Can Help With Your Home Search In These Uncertain Times

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Searching for a home has definitely changed over the past few years with technology meaning access to more information. Whereas we used to spend weekends driving clients from home to home, that rarely happens any longer. The recent events with Covid 19 and social distancing have changed the process dramatically once again. Not longer are open houses much of an option and even private showings are frowned upon for the health and safety of the buyers, the sellers, and the realtors. So how can we help?

We’ve been doing video walkthroughs and Facetime tours for years for our out of area buyers. Given the current situation that is often the best place to start for even local buyers these days. If you’re not already working with a local real estate specialist we would love to help. Contact us for more information, to start your home search, or to learn more about homes that are on the market and coming up.

 

New One Bedroom Condo in the Flats Hits the Market at 13025 Park Place #201

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With the very limited number of homes for sale lately it’s very exciting anytime a home hits the market these days. This is a fairly rare one bedroom home in the Flats of 360 South Bay (only the Flats have one bedroom units) priced at $615,000. The second floor condo offers 1 bedroom and 1 bath and a fairly spacious (for one bedroom) 957 square feet (approx). Enjoy all of the fantastic amenities of this gated community including the beautiful fitness center, incredible resort like pool and spa deck, bbq areas, dog park, sports court, clubhouse and more.

Contact us for more information or to set up a showing

13025 Park Place #201

Ways of Holding Title (Taking Ownership) in California Real Estate

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There are many ways to take title, meaning how you legally own the home or propery,  for real estate in California and when buying a home in Three Sixty South Bay.   While you should consult with an attorney, CPA or both, our quick and helpful chart gives some of the similarities and differences of the various ways of holding title including, tenancy in common, joint tenancy, community property, and communtiy property with right of survivorship. There are other ways of holding title as well, but our chart should help explain the basics. If you are considering buying real estate or a home in Southern California’s South Bay, we can help. Contact us today

Ways of Taking and Holding Title to Real Estate in California

Tenancy in Common Joint Tenancy Community Property Community Property with Right of Survivorship
WHO? Any number of persons (can be husband and wife). Any number of persons (can be husband and wife). Only husband and wife. Only husband and wife.
DIVISION Ownership can be divided into any number of interests, equal or unequal. Owner interests must be equal. Ownership and managerial interests are equal. Ownership and managerial interests are equal.
TITLE Each co-owner has a separate legal title to his or her undivided interest. There must be unity of title and time. (created in one document) Title is in the “community.”  Each interest is separate but management is unified. Title is in the “community.”  Each interest is separate but management is unified.  Title must expressly state community property with right to survivorship.
POSSESSION Equal rights of possession. Equal rights of possession. Both co-owners have equal management and control. Both co-owners have equal management and control.
CONVEYANCE Each co-owner’s interest may be conveyed separately by its individual owner. Conveyance by one co-owner without the others will terminate that individual’s joint tenancy. Real property requires written consent of other spouse, and separate interest cannot be conveyed except upon death. Real property requires written consent of other spouse, and separate interest cannot be conveyed except upon death.
PURCHASER’S STATUS Purchaser will become a tenant in common with the other property co-owners. Purchase will become a tenant in common with the other co-owners. Purchaser can acquire title from the community with written consent or joinder of both spouses. Purchaser can acquire title from the community with written consent or joinder of both spouses.
DEATH On co-owner’s death, his or her interest passes by will to that person’s devisees or heirs.  No survivorship right. On co-owner’s death, his or her interest ends and cannot be disposed of by will.  Survivor(s) own(s) the property.  An affidavit of death of joint tenant establishes death. Upon death of one spouse, 50% belongs to surviving spouse, 50% goes by will to descendant’s devisees or by succession to surviving spouse. Upon death of one spouse, his or her interest ends and cannot be disposed by will.   Survivor owns the property 100%.  An affidavit of death (community property with right of survivorship) establishes death of a spouse.
SUCCESSOR’S STATUS Devisees or heirs become tenants in common. Last survivor owns property 100% If passing by will, tenancy in common between devisees and survivor results. Purchaser can only acquire whole title of community; cannot acquire a part of it.
CREDITOR’S RIGHTS Co-owner’s interest may be sold on execution sale to satisfy his or her creditor.  The creditor becomes a tenant in common. Co-owner’s interest may be sold on execution sale to satisfy creditor.  Joint tenancy is broken; creditor becomes tenant in common Property of community is liable for contracts of either spouse which were made after marriage and prior to or after January 1, 1975.  Co-owner’s interest cannot be sold separately; whole property may be sold on execution to satisfy creditor. Property of community is liable for contracts of either spouse which were made after marriage and prior to or after January 1, 1975.  Co-owner’s interest cannot be sold separately; whole property may be sold on execution to satisfy creditor.
PRESUMPTION Favored in doubtful cases except husband and wife case. Must be expressly stated.  Not favored. The legal presumption is that property which has been acquired during the course of the marriage is community property. The code reads that deeds must state “community property with the right of survivorship.”

*We are not attorney’s nor certified public accountants and cannot provide legal or tax advice. The information above is deemed reliable but not guaranteed and has been provided by a title insurance com

As there are no homes for sale in 360…….

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Whether you’ve been waiting for a new home to come on the market in Three Sixty or if you’ve found yourself priced out, a recent listing nearby might be worth a look. 14444 Arbor Lane is fairly close by in a smaller gated community.Built in 2001 it still has a fairly contemporary look and feel. It offers 3 bedrooms and 2.5 baths with just under 1,600 square feet on 2 levels.  Feel free to contact us for more information.

14444 Arbor Lane, Hawthorne

View other homes for sale in Hawthorne CA

Finally A New Listing on the Market – 13032 Union #201 Flats 2 Bedroom Condo for Sale

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We’ve beeen writing a lot lately about how low housing inventory has been in 360 with almost no homes for sale since the beginning of the year. Maybe this new 2 bedroom unit at 13032 Union will be the catalyst for change. This is a 2nd floor single level condo with approximately 1,429 square feet and is priced at $775,000 so we don’t anticipate it lasting very long.  Contact us for more information or to set up a private showing.

13023 Union #201 in Three Sixty South Bay

**The listings above may be represented by other realtors. We are providing this information as a service to our clients.  Keith Kyle is a top producing realtor with Vista Sotheby’s International Realty and a Three Sixty South Bay real estate specialist.

Nothing to See Here……Literally No Homes to See

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We’re often asked “how’s the market” and we’re not sure how best to answer that when there basically is no real estate market.  In both 360 and Fusion South Bay there are ZERO homes for sale (as of 2/19/20) and it’s now been that way for a while.  The longer there’s nothing on the market the more the demand will grow and most buyers simply won’t be able to compete with the trickle of homes that come on the market.

360 South Bay is a unique real estate market as it seems to come in waves with not enough listings on the market and then too many homes on the market.  If you’re a seller timing is critical and the same goes for buyers…just on the opposite end of the spectrum.

We’re hopeful we’ll start seeing some new listings come on the market so that eager home buyers looking to get into this great neighborhood may get a chance.

It seems like eons ago when the entrances to the community were covered in open house signs and homes seemed to sit for a while.  That’s certainly not the case so far in 2020.

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