Archive for November, 2008

Pasadena Ca, Altadena Ca & San Marino Ca Are Great Cities To Call Home!

San Marino

Known for its prestigious school district and luxurious homes, San Marino is a well established and magnificent city to call home. There are only a few homes on the market in San Marino that are priced under one million dollars. Most homes have a good reputation at not only holding their value in a down market, but they can greatly appreciate when the market is in an upswing. This makes buying a San Marino home a great investment in addition to a great purchase.

I have heard some people refer to San Marino as the original Beverly Hills. Located in San Marino is the Huntington Library. For those of you who don’t like libraries, don’t be fooled. The Huntington Library is a large gardened paradise within the city. Take a stroll through the property on a Sunday afternoon or take the camera and shoot some candid shots of the kids after school. The Huntington Library is a great place for San Marino residents to visit and it adds a lot to the city.

Most people that I encounter that inquire about San Marino properties are looking for a well established city that has a great school district. The surrounding cities just don’t compare to the prestigious school system that San Marino has to offer. If you have thought about buying a home in this great city, get information on San Marino Houses.

Altadena

Located just to the North of Pasadena and at the base of the San Gabriel Mountains, Altadena is another great city to call home. This city is located a ways off the freeway and offers many homes and estates with a magnificent view of the city.

If you are into outdoors activities, there is a trail at the top of Lake Avenue in Altadena. This trail is heavily traveled as several people head to the trailhead for hikes throughout the week. If you have thought about buying or selling a home in this city, find out more about Altadena Homes.

Pasadena

Pasadena has been around for over 100 years. This city is packed with history and charm. Home of the famous Rose Bowl, Pasadena has several great neighborhoods that draws people from all over the United States. These neighborhoods like Madison Heights, Linda Vista and Chapman woods have great neighborhood associations and can be a great place to buy or sell. For more information, visit the updated blog on Pasadena CA Condos.

Official Jets Brett Favre Jerseys on Sale New York Jets Com

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How Pasadena Ca Realtors are helping clients find incredible Pasadena Houses For Sale & Pasadena Condos

Have you been searching for Pasadena CA Houses for Sale? The market is ripe for buyers that are either purchasing their first new home or are considering buying up and purchasing a larger house. Today is the final walk through for a client that purchased a home for $45,000 less than the appraised value. This property was bank owned and it has provided a great first time home for a young couple that couldn’t have purchased two years ago.

What are the difficulties to buying in this market? Really, the biggest obstance we are seeing is financing. Most people are either having a difficult time getting a loan because of credit problems, employment issues or income limitations. These challenges are putting less and less purchasers in the market today. In addition, many people are having their homes foreclosed because they can’t make the monthly payments, whether it be because of job loss or economic strain. Thus, the supply is increasing at a consistent rate.

When you bring these two together, the market becomes saturated with homes that aren’t selling. Realtors or Real Estate Agents call this a buyer’s market. When there is more inventory than the buyers can purchase, the buyers take more control and have more options to consider and more power to leverage in negotiating. We Pasadena Realtors really enjoy working with buyers during this time.

But how much less than asking price can we offer? This is a common question that must be asked about each specific property. Some people think there is a magic percentage that will get accepted. This simply isn’t true. We are finding that some homes are priced great and they sell for asking price or even more. Some homes are way overpriced and can be purchased for a lot less than asking price. Another factor to consider is the motivation of the seller. If he or she isn’t motivated it will be harder to negotiate, although not impossible. On the other hand, if they just lost a job or need to move closer to family it is a good indication that they are motivated to move. Asking the right questions and determining motivation is what a Realtor is paid to do.

Recently in our city we have found some of the best deals to be the Pasadena Condos on the market. They can be a great first time home or investment for someone seeking cash flow.

Update on Commercial Real Estate if you are looking to purchase Commercial Real Estate Listings

Investing in Commercial Real Estate is an important decision. When beginning to consider the possibilities the buyer has a lot of options. This article will discuss a few of the current possibilities that are available in today’s Commercial Real Estate market, specifically in Pasadena California.

Pasadena is a desirable place to own or lease Commercial Real Estate. This has been the case for decades. In today’s market what we are finding is that fewer and fewer people out searching to purchase or lease has created a fall in the prices of Commercial Real Estate Listings.

Often times this is a time when people are afraid to make the investment and release their cash. Smart investors know that although they can’t skimp on their research, this market provides a great opportunity for businesses and individual investors to pick up more properties at a discounted rate. I recently read Robert Kiyosaki’s book “Increase your Financial IQ.” In the book he talks about his recent investment. Although many people are holding onto their cash, he isn’t afraid to get rid of it. His recent purchase of a multi-million dollar apartment complex is giving him cash flow. He makes the point that the key to smart investing is leveraging your CONTROL. He likes investments that give him control because when he has cash flow coming in on a regular basis it doesn’t matter what the market is doing because he has control.

Today’s market provides investors with several opportunities to take control. The other day I was walking down Colorado Blvd, which is the main drag through Pasadena (Known as the Rose Parade route). I was amazed at the number of vacant storefronts. They were all over the place. Who owns these places? How long can they stay vacant? With the vast number of empty units it is causing the prices of both leases and sales to go down. It is a bad time for owners, but a good time for investors to look at the available Commercial Real Estate Listings.

KW Commercial, which is a nationally known Commercial Real Estate franchise, has agents that are searching the market for these deals. It doesn’t cost anything to have one of these agents do some searching for you and find out what options are available. Whether you are an experienced investor or just beginning, now is the time to jump in. Take advantage of the down market and start investing for the long term. Real Estate has cycles and the challenge is timing the market.

Obstacles Buyers Face When Buying A House

Is it really that hard to buy a house in today’s market? Do I really have to meet with a lender before going to look at homes? Growing up as a basketball player, I often resort to athletic metaphors. With that being said, going home shopping without being pre approved by a lender is like going to the gym without shoes. You can watch others play, you can sit on the side, but you can’t play the game. It doesn’t matter how good the game is, others won’t let you play because you aren’t equipped.

In order to write an offer in today’s market, lenders are looking for full documentation in order to pre approve you for a loan. Having a pre approval for a loan is necessary for writing an offer. It lets the seller know that you are serious and have done the needed work to actually be able to purchase the home.

This past week I took a client to look at Pasadena Homes. Although I had been told by other in my office, I decided not to listen to what they had to say. They had told me to make sure everyone I show homes to has been pre approved for a loan. I knew that it was the best option, but in this case my buyer was anxious to see the homes for sale. So, I met with her, got a better idea of what she was looking for and took her out to see a few homes.

Yes, we found the perfect home. It was a great price and the others didn’t even compare. The next day she talked to her lender. Surprisingly we found out that she had a problem with her credit and would not be approved for the amount she expected. Needless to say, the house sold before we could write an offer. As a young Pasadena Real Estate Agent, I can only say I have learned from my mistakes.

In addition to having a pre approval letter, it is recommended that a buyer have a copy of FICO scores, as well money in a checking account to include a 3% earnest money deposit with the offer. Putting together a good offer is crucial to purchasing a home today.

Lending has become the biggest hurdle in purchasing a home, so if you can get past that you are in for a good ride. The same can be said when you're trying to find Commercial Properties for Sale. Don't give up! Its a great time to buy!

Is it a good time to invest in Commercial Properties For Sale?

Investing in Commercial Real Estate is an important decision. When beginning to consider the possibilities the buyer has a lot of options. This article will discuss a few of the current possibilities that are available in today’s Commercial Real Estate market, specifically in Pasadena California.

Pasadena is a desirable place to own or lease Commercial Real Estate. This has been the case for decades. In today’s market what we are finding is that fewer and fewer people out searching to purchase or lease has created a decline in the prices of Commercial Properties for Sale.

Often times this is a time when people are afraid to make the investment and release their cash. Smart investors know that although they can’t skimp on their research, this market provides a great opportunity for businesses and individual investors to pick up more properties at a discounted rate. I recently read Robert Kiyosaki’s book “Increase your Financial IQ.” In the book he talks about his recent purchase. Although many people are holding onto their cash, he isn’t afraid to get rid of it. His recent purchase of a multi-million dollar apartment complex is giving him cash flow. He makes the point that the key to smart investing is leveraging your CONTROL. He likes investments that give him control because when he has cash flow coming in on a regular basis it doesn’t matter what the market is doing because he has control.

Today’s market provides investors with several opportunities to take control. The other day I was walking down Colorado Blvd, which is the main drag through Pasadena (Known as the Rose Parade route). I was amazed at the number of vacant storefronts. They were all over the place. Who owns these places? How long can they stay vacant? With the vast number of empty units it is causing the prices of both leases and sales to go down. It is a bad time for owners, but a good time for investors to look at the available Commercial Real Estate Listings.

KW Commercial, which is a nationally known Commercial Real Estate franchise, has agents that are searching the market for these deals. It doesn’t cost anything to have one of these agents do some searching for you and find out what options are available. Whether you are aseasoned investor or just beginning, now is the time to jump in. Take advantage of the down market and start investing for the long term. Real Estate has cycles and the challenge is timing the market.

Linda Vista And Chapman Woods Still Remain Desirable Pasadena Neighborhoods

Linda Vista is a street that goes through Northeast Pasadena California. Located right next to the Rose Bowl, this street has also become known as a neighborhood called the Linda Vista area. This area is filled with beautiful homes, luxury estates and magnificent views of the San Gabriel mountains and the Rose Bowl valley.

Why do people enjoy living in this area? Well, it has a convenient location. It is right next to the 210 and 134 Freeways with easy access. It is also on the side of the hills going down to the Rose Bowl valley. There are some homes that have incredible views of the Rose Bowl, golf course and mountains. There are a lot of beautiful homes and mansions built in this area that have helped make it a desirable place to live. Many people search the Pasadena real estate listings to purchase real estate in this area.

Another popular area in Pasadena California is Chapman Woods. With over 450 homes, this sought after neighborhood is shaded by large oak trees and rests in the Southeast corner of Pasadena. If you have been there you may remember the “Chapman Woods” signs that are located at several entrances to the neighborhood. Why "Chapman Woods?" This area was named after a West Point grad by the name of Alfred D. Chapman,.who acquired nearly 2000 acres of land around in 1869. It was later years that he sold some of the Eastern land off. The area became heavily shaded as Chapman planted trees across the acreage as well as a fruit vineyard. In the warm summer climate the trees provided a break from the sun. One of the homes in Chapman Woods was the home on Gone with the Wind.

Look at the neighborhood demand by asking a Pasadena realtor (use the links above) whether multiple offers are being made, whether the gap between the list price and sale price is decreasing and whether there is active community involvement. You can also drive around neighborhoods and see how many "sale pending" and "sold" signs there are in a particular area. In both the Linda Vista and Chapman Woods areas you will find that there is high demand.

Most importantly, if you are looking to buy a home in Pasadena, do not miss the opportunity to take a walk through these neighborhoods. You will be glad you did. They have developed a great reputation of providing the city with its high end housing. Make sure and check out the Pasadena real estate listings.