Whittier, CA

We had a Super Bowl get-together yesterday in our basement. I've got one of the few basements here in Southern California, so it's kind of an oddity. They sure knew how to build them in 1910! So where was I? Oh yeah, the Super Bowl. All but four of the attendees were rooting for the Saints. And of course we heaped it on plenty at the end of the game.

I think most all of us root for the underdog at some point in our lives. It's just a natural reaction when the perennial loser finally pulls off an upset. After 9 months without a job, my husband (the underdog) finally landed something. After exactly 56 job applications filled out and not hearing a single word, he finally heard the word he needed to hear most - "We would like to offer you a job".

He will be working with developmentally disabled adults who want their own piece of the American Dream; a job, a place of their own to live in and a chance to be included in everything that we all take for granted. He's only been there 3 weeks, but he loves it. Not a lot of money, and no benefits for 6 months, but it's a real JOB! We are still in the loan modification process, but hope to hear soon from our negotiator. Still don't know if we get to stay in our house, but we continue to hang on for dear life to the Lord. Ain't no where else to go!

Live To Give

Market Report on Whittwood Homes for Sale in Whittier, California - February 3, 2010

This Market Report is for the Whittier, California neighborhood known as Whittwood. Here is information about Whittwood homes for sale, as well as homes that have sold in Whittwood.

First, let me tell you what part of Whittier I am talking about. The Whittwood area is bordered on the west by Colima Road, on the north by Whittier Boulevard, on the east by First Avenue and on the south by Lambert Road. Basically, the Whittwood neighborhood is centered around the Whittwood Town Center, south of Whittier Boulevard. All homes referenced in this article are within this Whittwood neighborhood.

This Market Report on Whittwood Homes for Sale will focus on Single Family Residences in this Whittier, California neighborhood.

As of today, there are 6 Single Family Residences for sale in the Whittwood area.

Eight homes are currently in escrow.

Two homes were sold during the month of January.

The average home in Whittwood that sold in January took 15 days to sell.

The average home sale price was $358,500, or an average cost per square foot of $261.11.

Over the past six months, 22 homes were sold in Whittwood, with an average sale price of $375,904, a cost per square foot of $263.98, and 58 days to sell.

It would take 3 months, at the current rate of sales, for all the current Whittwood homes on the market to sell.

A Sellers' Market is when there is less than 5 months of supply. Whittwood is currently in a strong Sellers' Market. This Sellers' Market actually applies to all homes for sale in Whittier, CA that are priced under $500,000. Whittier homes for sale that are priced above $500,000 are more plentiful; and the higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.

If you own a home in Whittwood, it is a very good time to sell. Demand is high, and there are lots of buyers in this price range looking for their first home.

Below are details of Whittwood Home Sales over the past year.

Hacienda Road Reopens

Hacienda Road has finally reopened, after four months of construction. It seemed like it took forever.

I, for one, am glad it is ready for drivers again who need to travel from La Habra and La Habra Heights over to the San Gabriel Valley. It is also going to relieve the traffic nightmare that was Colima Road over the past 4 months.

Still can't find a home for your FHA clients?

Here's an example of what a 203K streamline loan can do for you. The bottom unit is listed with the following comments:

Investors dream come true in Bell Gardens!, cozy spacious 2 bedrooms with 1 bath priced to sell. ATTENTION BUYERS THE SELLER WILL NOT PAY FOR ANY LENDER REQUIRED REPAIRS/REPORTS AND OR INSPECTIONS. This property is being sold in 'AS IS' condition. 2 REAR UNITS ARE ILLEGAL DWELLINGS. Please submit your BEST & FINAL OFFER, See you in escrow!!! No FHA offers will be considered!!

When you have an FHA buyer, your initial reaction is to move on to the next property. That's where the secret of the 203K streamline loan can help you increase your business by increasing the inventory available for your clients.

For this particular property, we had our In House Contractor go out and review the property. The Contractor estimates about $17,500 to demolish to two illegal units. That leaves $17,500 for the buyer to make improvements to the house and make it to their liking.

We have several of success stories using this very program with listings just as such. Including one that had gas and electric meters removed by the city due to non payment - the only way to finance this was a 203K loan - which we did. We've demolished illegal additions, converted garages or simply do upgrades that make the house look the way the owners wants it to look.

More details on what we've done can be found here.

Don't let the low inventory bring your business down. Change with the times, learn your industry and do what's best for your clients.

Regards

Hector Amendola - VFG

Hector Amendola is an expert in Home Loans. He's been in the Mortgage Industry for 8 years and specializes in FHA and FHA 203Ks loans.

I will do the following things:

1. If I am not available, I will return your phone calls quickly/promptly.
2. I will give you prices for comparable (comps) properties.
3. I will show you ONLY properties that fit what you are looking for.
4. I will let you know FIRST when any great deals come up.
5. I will negotiate the best possible deal on your behalf.

Search my site: www.SanGabrielValleyHomeSearch.com

Your REALTOR serving: Hacienda Heights, Downey, Whittier, and Pico Rivera,CA. What is my home worth?