Short Sale Terms to Ease

As the number of homes entering foreclosure in Pasadena continues to increase, homeowners are looking for some relief in the process known as a short sale. A short sale occurs when the proceeds of the house are not enough to pay off the existing mortgage balance. This process allows the homeowner to sell the property [...]

Will California Extend The New Home Tax Credit?

The State of California may be laying off school teachers, furloughing state employees and attempting to come up with some creative accounting to address the budget deficit, but one thing appears to be sacrosanct. Real estate, or more specifically home buyers who are purchasing new construction may receive “most favored” status as the program that [...]

Pasadena’s Million Dollar Homes For Sale

There has been much talk lately about the Pasadena real estate market and where home prices are headed. An article appeared this week in the Pasadena Star News in which I supplied many of the statistics that were used in the feature story. I have also chronicled the increasing activity we see in the under [...]

Buying Real Estate Below Market Value

On a recent article, I explained my thoughts on making a low ball offer and why I felt this was a bad strategy to pursue. There is a low offer and then there is a ridiculously low offer. I explained that you might even afford yourself the opportunity to pay more for your property. In [...]

Why the Low Ball Offer is Bad Real Estate Strategy

The process of buying real property can elicit different responses. Or maybe I should rephrase that to read the planning phase of buying real estate. During the beginning most people are very positive and eager to get started. They’ve looked at a few houses, read the newspaper ads and looked online. They have a good [...]