Pasadena & South Pasadena Homes for Sale | San Gabriel Valley Real Estate


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The Multiple Counter Offer, A Truth Or Dare

Know what your limit will be when you make an offer

Imagine this scenario. You have found the perfect house. It has been sitting there for 60 days and still hasn't sold. You think to yourself, the time is finally right. The seller's are probably eager to see an offer and should be negotiable. Your agent sends over the purchase contract you have so carefully prepared. A couple of days later you hear back form the seller's agent with those dreaded words. "We are in a multiple counter offer situation". No way. It's just not possible. Maybe the seller is not as motivated as we first thought. What Is A Multiple Counter Offer? A multiple counter … [Continue reading...]

Successful Short Sales Simplified, Seriously

Completing a successful Short Sale in the real estate profession is similar to taking a final exam. The outcome is contingent upon how hard you have studied, and whether or not you are familiar with the material. Trying to cram the night before and hoping for a successful outcome is not an effective strategy. The transaction process at times can be a bumpy road for agents, not to mention a very stressful time homeowners. As a homeowner trying to navigate this process, you may discover the more information you obtain, the more confusing it becomes. Pasadena Short Sale Guide We have put … [Continue reading...]

Pasadena Single Family – Unit Home Sales for the Last 5 Years

5 year Pasadena Single Family Sales History

The lady across the table was hoping to sell her house and have enough money left over to purchase a newer house in the area. She had owned her home for over 30 years and was hoping to find something smaller and easier to maintain. When she saw the recent values in the neighborhood she said "If that is all my house is worth, I'll just wait for a while until the market bounces back". I think what we have been seeing and experiencing with home prices and market activity defines the new normal. For those home sellers who continue to think we are only experienceing a dip and a rebound is just … [Continue reading...]

There is More to Real Estate Than Just Contracts & Escrow…a lot more

The Pasadena Real Estate Guide will soon begin to run an ongoing, behind the scenes look at life in the Pasadena Real Estate market. This ongoing "novel like" account will feature the issues, the emotions and the people that make selling real estate in Pasadena so interesting and uh, well exciting, to say the least. If you have been to an open house, bought or sold a home, you probably have an interesting story to tell. Now what if you do this all day, everyday? The House of Pasadena will present a fictionalized (or so they say) representation of the drama that makes this such an exciting … [Continue reading...]

Will the Debt Forgiveness Act Expire This Year?

With the Mortgage Debt Forgiveness Act set to expire at the end of this, a storm cloud may be on the horizon. For those of you who are unfamiliar with the legislation, congratulations! You probably have not had to experience the financial hardship of being upside down on your home. To those homeowners who have been through a short sale or a foreclosure beginning in 2007 to present day, this law has provided some much needed financial relief. For instance, if you purchased your primary residence for $600,000 and then completed a successful short sale where your home was sold for $450,000, … [Continue reading...]

The Price to Value Relationship

We Need to Communiate the Value We Provide

How is value explained? Is it best defined as a monetary measure, or is it possibly related to a service that one provides. Is it tangible or intangible? The word "value" may best be described in an analogy that was used by Supreme Court Justice Potter Stewart when he attempted to explain obscenity.."I know it when I see it". If you have been in the market to buy a home recently you are well versed in the examples of value. Look at 7-10 homes in one day and you begin very quickly to understand value. Features and amenities such as size, condition, upgrades, curb appeal and price offer a quick … [Continue reading...]