FAQ in Real Estate–How Will I Know When We Hit Bottom?

Posted on January 25, 2011 by Norma Toering

“How will I know when we hit the bottom?” That was my client’s question as he mulled over the pros and cons of submitting an offer. “You won’t know until after it happens,” was my response.

It will take months for the numbers to be totaled, tallied and analyzed. Graphs and charts will pinpoint the low by the year, month, and probably the day it occurred. Meanwhile, the home that was perfect for his family, his commute and within walking distance to the elementary school for his children will house another family.

The waiting game is a gamble. Yes, maybe the prices will drop. Yes, maybe a better house will come on the market. Yes, maybe the interest rates will go down. But life changes drive the real estate market.

My top five clients at the moment are stirring up my real estate activity due to these life changes:

Birth of twins! Suddenly the romantic cottage is no longer an option. Up-sizing is a necessity.
Career advancement. It’s an opportunity of a lifetime in another state and will require uprooting and moving.
Retirement. Can travel be far behind? I’m searching for a condo and she’s checking out cruises.
Divorce. Need I say more?
Debt. His company was sold, and he’s unemployed and saddled with a large mortgage hit each month.

Change is constant and it is a powerful force in the real estate world. Life does not stop for a down market. The investors may be taking a break, the lenders may be restructuring their loan policies, the flippers are not as plentiful, but to quote the familiar, life goes on.

Norma Toering - REMAX Palos Verdes Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle – Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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A Charity Far From Home but Close to My Heart–Pay It Forward

Posted on January 25, 2011 by Norma Toering

I began 2011 looking for a new charity to give some of my time, effort and a little money. I believe we find what is meant to be found and lose what we no longer need. I already give to The Children’s Miracle Network each time I close a sale. I’ve collected Toys for Tots for many years and served on the Board of Happy Hats, a local non-profit organization, that serves the needs of hospitalized children.

Okay, it is fairly evident I like children. I am a former first grade teacher and mother of four. My grandchildren are the stars in my sky. I know the greatest hope for correction of flaws in the system lies within the power of present and future children of the world. If we want to see a change (and there are some things needing improvement if not radical changes) then we need to change the way children are treated, educated and valued–especially little girls born into this patriarchal world in third world countries.

Thanks to Carra Riley, a fellow Active Rain member, I discoveredEmpower Nepali Girls Foundation. I’m still learning about the program and I’m making my first, of what I hope will be many, donation to help a Nepali girl attend school and not be sold as a sex or domestic slave at the tender age of eight. That’s just wrong–so very wrong.

It does not require only major acts to change the world; millions of small acts of kindness will impact mankind.

Norma Toering - REMAX Palos Verdes Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle – Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Another Palos Verdes Home Sold By Norma Toering & Team – 2017 Suana Dr.

Posted on January 25, 2011 by Norma Toering

2017 Suana, a Mid Century with walls of glass to enjoy the big ocean and harbor view, closed escrow yesterday. The home was lived in (and loved) for nearly fifty years by my client’s parents. I have a feeling the new buyer is in for the long haul too. According to his agent, “He loves the house!”

With a view from nearly every room, a stunning sunrise each morning and thousands of twinkling city lights to greet you each night, who would want to leave this charming house on the Palos Verdes Peninsula?

Were the sellers happy? Here is an excerpt from today’s email from one member of the family, “Josh & Norma, Thank you both for all your hard work. We had another pleasant experience with the Toering Team. You will be highly recommended in the future.”

If you are planning to sell your “House on The Hill” or searching for your own idea of “Heaven on The Hill” Norma Toering & Team are ready to help. You define it and we’ll help you find or sell it!

Norma Toering - REMAX Palos Verdes Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle – Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Add Another Toering to Norma Toering & Team

Posted on June 9, 2010 by Norma Toering

My son Josh began his real estate career designing and mailing my real estate newsletter back in 1992. He learned the business from the ground up by doing the grunt work and necessary clerical work. He was assisted by his two younger brothers. Interestingly enough, all three of my sons are now involved in some aspect of real estate.

Josh is now my real estate partner. My middle son, Zach is a vice president at Grubb and Ellis in New York City, and my youngest son, Nathaniel, took this fabulous photo. He is getting ready to launch a real estate photography business and was happy to perfect his technique by using his mom and brother as his first subjects.

My daughter, the teacher, is my only child not involved in real estate, but her two oldest children are now working weekends folding, stuffing and stamping our direct mailers. Funny how history has a way of repeating itself…

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle – Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Welcome to Norma Toering’s Palos Verdes Realtor Blog!

Posted on May 12, 2009 by Norma Toering

Welcome to my blog! Norma Toering in front of her office in Miraleste, Palos Verdes

I have been a Palos Verdes real estate agent since 1992. My office is located in the Miraleste section of Rancho Palos Verdes.

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This blog will provide you with valuable information, tips, and general insight into the real estate market in Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Palos Verdes Estates and the Palos Verdes Peninsula.

“The quality of the relationships I build with my clients is one of the most satisfying aspects of my work. The opportunity to give back and the fulfilling reward of helping others keeps me motivated. The thrill of handing the keys to a new home to a buyer or placing a sold sign on a seller’s property is as satisfying today as it was when I was a rookie real estate agent.”

- Norma Toering

Norma Toering and Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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