Comments for Pasadena & South Pasadena Real Estate

Comment on South Pasadena First Quarter 2012 Home Sales by Doug Willis

Doug Willis — Fri, 18 May 2012 19:11:25 +0000

Diane,
According to most of the lenders I spoke with, you will need at least a 20% down payment and without a history of income, it would be almost impossible to qualify for a loan. I have worked with other buyers who have several properties with equity, but no stable income. We have not been able to find anyone willing to make a loan for them.

Comment on South Pasadena First Quarter 2012 Home Sales by Diane

Diane — Tue, 24 Apr 2012 16:57:52 +0000

I am looking to buy income property in South Pasadena or the west side of Pasadena. I have a few hundred thousand in cash but, as a housewife, I have no more than part time income. I currently live in Pacific Palisades but would like to make my way back over to Pasadena which is where I’m from. What kind of property do you think I could qualify for and is anything available? Thank you.

Comment on The Dalton – Pasadena’s New Condo Community by Mikki Porretta, Dilbeck Realtors

Mikki Porretta, Dilbeck Realtors — Wed, 29 Feb 2012 22:30:57 +0000

Do you also have the commercial part listed? If so, for lease or for sale? Please call me at 626 353 9879

Comment on 5 Reasons Your Low Ball Offer is Rejected by Lisa

Lisa — Tue, 21 Feb 2012 12:31:12 +0000

Thank you on your post Christina. I’m selling my home in Ohio area and I just had a low ball offer on my house and realisticly I dont really have to sell. Kudo’s to them for trying but I wont take 20k less for my house and pay closing cost. Not going to happen.

Comment on iPad in Real Estate, iGetit by Winfield Estate

Winfield Estate — Mon, 06 Feb 2012 13:14:48 +0000

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. Thanks for sharing.

Comment on California’s Foreclosure Economy by George Marasco

George Marasco — Fri, 03 Feb 2012 10:35:45 +0000

Very good blog. Really Great.

Comment on Successful Short Sales Simplified, Seriously by How Do I Short Sale My Pasadena Home? | Pasadena Real Estate … | Property Guides

Wed, 25 Jan 2012 04:08:45 +0000

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Comment on Pasadena Short Sale Guide by Successful Short Sales Simplified, Seriously

Successful Short Sales Simplified, Seriously — Wed, 25 Jan 2012 01:03:06 +0000

[...] Short Sale Guide We have put together a special section entitled the Pasadena Short Sale Guide to address the most common issues associated with a Short Sale. You will find the 10 Most [...]

Comment on Pasadena Single Family – Unit Home Sales for the Last 5 Years by Vladimir

Vladimir — Thu, 19 Jan 2012 00:04:32 +0000

Thanks, Doug.
I’m not sure I understand your argument. Are you saying that 3% per year is too much to expect? That I should lower the price growth rate that I apply retrospectively? It’s true, as you point out, that wages have not risen 3% per year for the last ten years, and unemployment, of course, is up. Which means that we should expect even lower prices than I indicated in my original comment. Again, the bubble has not fully deflated in this area.

Comment on Pasadena Single Family – Unit Home Sales for the Last 5 Years by Doug Willis

Doug Willis — Wed, 18 Jan 2012 19:28:00 +0000

Vladimir,

According to your calculations everything should increase by a factor of 3% per year. Have wages risen accordingly? I think applying a 3% per year growth rate assumes there was no additional demand or supply. Also population increase or decrease and employment will have an impact on home appreciation or depreciation. Your argument may be rational in a classroom environment, but then again our markets aren’t constrained to a classroom.