Rossmoor Neighborhood but house back to a flood channel? (Long Beach: real estate, renting)

[smallkitty00]

What the the con of living next to Old Ranch Parkway flood channel? The house is on YellowTail. Thank you.

[russlancea]

Hi smallkitty!

What a nice area. Don't you just love the neighborhoods in Rossmoor? So I've never lived near the freeway nor a flood channel, but I've looked at houses to buy near both.

My husband's objection to buying a house next to flood control channels is rats. I took him to a house and he said we would have rats coming out of the channel. I guess he's right, but this particular house faced the channel's chain-linked fence, so little different than the neighborhood you're looking at.

My only concern about flood channels is flood insurance. My sister-in-law said she lived miles from a flood control channel in Long Beach and was still required to get insurance. If you're right next to the channel, you should check and see if insurance is necessary and how much it would be.

Have you checked Seal Beach (beautiful and pricey) and even West Garden Grove (more affordable, but the neighborhoods are still good)?

[smallkitty00]

Yeah the streets are so beautiful :-) But we pass as this is a fixer & seller requires an offer to see the interior. We submitted the offer with proof of fund & pre-approval from BofA. Now they want us to cross-match with their preferred lender & a copy of EMD of $10,000 just to see the house. It is backing up to a flood channel which is backing up to a commerical building for God's sake. We passed :-)

[russlancea]

So many hoops to jump through! Sorry to hear that, but there are other homes. In case the topic comes up, one concern I had about this area is the potential air traffic. You know Long Beach has a pretty bad problem with the LB airport. I was wondering how loud the military aircraft would be, but now that I'm here in the area, it's not a problem at all.

I love hearing the military craft the few times they come roaring through .

[smallkitty00]

Originally Posted by russlancea

So many hoops to jump through! Sorry to hear that, but there are other homes. In case the topic comes up, one concern I had about this area is the potential air traffic. You know Long Beach has a pretty bad problem with the LB airport. I was wondering how loud the military aircraft would be, but now that I'm here in the area, it's not a problem at all.

I love hearing the military craft the few times they come roaring through .

Right! For 750k asking price, one should at least have the interior pictures posted. Oh well. I actually don't mind the aircraft, my husband is an aerospace tool designer & engineer so he's in love with anything related :-) Thank u!

[AlongTheI-5]

My parents had a house up against the San Gabriel river bed up in Norwalk. It was great. The horses did attract a bunch of flies, but the neighbor's cat took care of the rats and mice.

I've never heard of this "make an offer to see the interior" before though. That is a deal breaker.

[expatCA]

Originally Posted by smallkitty00

What the the con of living next to Old Ranch Parkway flood channel? The house is on YellowTail. Thank you.

Check on the new flood insurance rates as they are going up a LOT. You need to be in an "X" or better (30' above), or the rate will not be what is currently being paid.It is beginning to hit a lot of home buyers Nation wide.

[smallkitty00]

Originally Posted by expatCA

Check on the new flood insurance rates as they are going up a LOT. You need to be in an "X" or better (30' above), or the rate will not be what is currently being paid.It is beginning to hit a lot of home buyers Nation wide.

Thanks. Will keep that in mind for future listings. I'm so tired of looking though. Maybe I'll take a break :-)

[LuvSouthOC]

Kitty, you can make your offer before seeing the house for whatever price you want. Simply consider making the offer contingent on your inspection and approval of the home's condition. Some sellers want to know you are serious, which you are. It is not hard to do.

[russlancea]

Originally Posted by smallkitty00

Thanks. Will keep that in mind for future listings. I'm so tired of looking though. Maybe I'll take a break :-)

I know the feeling. How many homes are you seeing a week? I know, it's not that--I'm sure you're checking listings on your own too. All the time and the emotional rollercoast!

Hubby and I were tired of looking and being outbid. Real estate is some sort of game. I personally don't mind the search, but he was fed up. Years passed before we looked at buying again and this time, it was at a point where he and I were outgrowing our apt, so we were going to move anyway.

The only way he and I got our house was doing what I had refused to do--have the selling agent also represent me as the buyer's agent. It was an exclusive sale, so no bidding war or anything. It was just the sellers and me.

My agent does a lot of door knocking. I think that's how he came across these very private sellers. They didn't want people parading through their home. When the sellers were ready to buy, the agent remembered me and called me up. It was a very unconventional deal that wow, worked out in the end for all parties, but if it wasn't for this agent, I think I would still be renting.

Hang in there.