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


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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...]

Lunch at Papa Don’s Deli in South Pasadena

Papa Don's Deli, 303 Pasadena Ave., South Pasadena

Need a new place for lunch in South Pas? You should try Papa Don's Deli. It is a great alternative to the same old burger & fries or even that other place that serves sub sandwiches. While it's not on Fair Oaks Blvd or Mission Street (Restaurant Row), it's not far around the corner. Go west on either Mission Street or Monterey Rd. and you will find Papa's located at 303 Pasadena Avenue. What is the foundation of any good sandwich? It is the bread and at Papa Don's its always very fresh. You could actually sit and savor it with some olive oil and a glass of Chianti, but since that isn't … [Continue reading...]

California’s Foreclosure Economy

With California's budget deficit in the billions of dollars, is California's Foreclosure Economy a plan designed to profit from distressed homeowners? Does the Golden State have an economic interest in prolonging the foreclosure process? Absurd? Outrageous? Well, possibly until you begin to dissect the reasons behind the State's continuing intervention and delays that seem to inevitably prolong any recovery in housing. Case in point, Kamala Harris, the Attorney General for California refuses to sign on to an agreement which would allow the big banks to pony up an estimated $25 billion … [Continue reading...]

An Appraisal, A Lender or a Short Sale be

After the contracts have been signed an appraisal is one more step in the process of buying a house. If issues arise it typically involves the house appraising for less than the purchase price. If this occurs, there may be some additional negotiation or sometimes the deal may fall apart. But what happens if the reverse occurs and the appraisal comes in at such an inflated value there is no interest in the property? The word appraise is defined as "to assess the value or quality". This can be much different than "market value" which defines what a buyer is willing to pay. In most instances … [Continue reading...]