WEST COVINA, CA- The Real Estate Market is always changing, so when you or someone you know is looking to buy or sell real estate don't just hire anyone... hire a pro! My Real Estate Pro West Covina

West Covina Real Estate Single Family Home Snap Shot

Available West Covina Single Family Homes: 139
Pending Homes (last 30 days): 64
Minimum Sales Price (last 30 days): $149,000
Maximum Sales Price (last 30 days): $1,788,000
Average Sales Price(last 30 days): $568,165
Inventory on Hand: 2.17 months (sellers market 7)

West Covina is in a very unique housing situation in which low prices coupled with government stimulation have created a very high demand for buyers that has greatly diminished the housing inventory in Los Angeles County creating a 'seller's market'. Now the relatively low prices and low interest rates makes for a great time to purchase real estate in West Covina, the high demand and low inventory is making bidding wars, and above listing price offers common place.

Just as every home is unique, each and everyone of our listings has a marketing plans custom tailored to highlight and market the home to the fullest and most efficient ways possible. We limit our number of listings to 10 to ensure prompt quality of service, but we currently have spots available if you or someone you know is looking to list their home with a professional.

For all your West Covina Real Estate needs;

don't just hire anyone... Hire a Pro! My Real Estate Pro West Covina

Seth T. J. Miller | My Real Estate Pro West Covina Broker
Carolina Chacon | My Real Estate Pro West Covina Broker Associate

Don't just hire anyone... Hire a Pro. Licensed REALTOR(s)® California: to list your property for sale or to purchase a property in Alhambra, Anaheim, Arcadia, Azusa, Baldwin Park, Brea, Chino, Chino Hills, Claremont, Corona, Covina, Diamond Bar, Duarte, Glendora, Hacienda Heights, La Habra, La Verne, Monrovia, Montclair, Monterey Park, Ontario, Pasadena, Placentia, Pomona, Rosemead, Rowland Heights, San Dimas, South Pasadena, Upland, Walnut, West Covina, Whittier.
Don't see your city? Ask us about our National Referral Network.

When I tell most people that West Covina IS a seller's market; they tend to nod and then try to correct that it is a buyer's market. I smile and assure these people that although it is still a great time to buy, it is certainly no buyers market...

A buyer's market is indicative of a high inventory (over 7 months) which would mean that the buyers would have a large quantity to choose from, and they could afford to be more picky. A neutral housing market is when the supply is between 5-7 months inventory available, which would make for standard transactions where neither party really has a negotiating edge. Where a sellers market is when there is a shortage of inventory (below 5 months supply) which means that if one buyer is too demanding or expecting credits or repairs the seller probably has back-up offers that are not as picky.

West Covina is currently a seller's market having only just over 2 months Single Family Residence inventory on hand with 44.4% being distressed property. The West Covina Condo and Town Home inventory comes in at just under 3 months supply of inventory with 73.5% distressed.

When purchasing in West Covina you can expect that there are going to be multiple offers, and potential bidding wars. Try to keep your offers as attractive as possible, and remember... Don't just hire anyone for your West Covina Real Estate needs, Hire a Pro!

West Covina, CA- In a tri-city cooperative effort, West Covina joins in with La Puente and City of Industry in a $62million dollar Water Recycling Project that will yield over 1.2billion gallons of water a year for the San Gabriel Valley. The project begins by putting in roughly 12.4 miles of pipeline, building two reservoirs, one pump station and a pressure reducing station. The project is expected to be completed by 2012.

Suburban Water System Service provider are the first homes to benefit from this project in West Covina. Mostly homes located in the prestigious South Hills of West Covina are serviced by the Suburban Water Service. It is important to note that when buying a home that is serviced by the Suburban Water Service that you need to own stock within the company. So don't just hire anyone to buy or sell your South Hills Property... Hire a West Covina Real Estate Pro! Things you need to know:

• Suburban Water Service stock should be conveyed when the South Hills property is sold.
• The seller cannot charge to convey this stock.
  
• If it is not conveyed the new owner will not be able to turn on their water.
  • You can go back after the sale to convey the stock (they still cannot charge you for it, but it is a headache)

*Not all South Hills Properties are on the Suburban water System... Before purchasing a property you should verify this with

Don't just Hire anyone... Hire a Pro! My South Hills Property Pro!

Seth T. J. Miller and Carolina Chacon

Office: 626-967-8686

Don't let common Short Sale pitfalls come back to Haunt you!

As we see more and more warnings coming out about the banks slipping some sneaky verbiage into the closing settlement and acceptance of short sales (What is a Short Sale?). Such as this article By Zach Fox - Staff Writer for North County Times: EXCLUSIVE: Lawyers say lenders set stage to collect on 'short sales' Foreclosure may be better option for some struggling homeowners. I first find it very important to note that the representative from Countrywide (now Bank of America) stated that if they are challenged on this verbiage they will drop it off. I also want to stress that the verbiage may not be as forward or plain as they indicate in this article. As I showed in my July 31, 2008 post on Recourse vs Non-Recourse Loans in California the importance of differentiating from 'Released' vs 'Satisfied'. So what's the bottom line solution?

Hire a Real Estate PRO!

It is very important if you are going to list your home as a short sale to hire a pro that will follow the entire transaction through for you, and who isn't afraid to walk away from the deal (unpaid) in the end if it turns out that foreclosure will be a better option for the client (not the Realtor's checkbook ;)...).

If you or someone you know is in need of a professional Realtor that stands with integrity please do not hesitate to let us know, we are always accepting referrals.

Seth Miller | West Covina Real Estate Consultant

Associate Brokers Real Estate Hound West Covina

www.MyRealEstatePro.net

Don't just hire anyone... Hire a Pro. Licensed REALTOR(s)® California: to list your property for sale or to purchase a property in Alhambra, Anaheim, Arcadia, Azusa, Baldwin Park, Brea, Chino, Chino Hills, Claremont, Corona, Covina, Diamond Bar, Duarte, Glendora, Hacienda Heights, La Habra, La Verne, Monrovia, Montclair, Monterey Park, Ontario, Pasadena, Placentia, Pomona, Rosemead, Rowland Heights, San Dimas, South Pasadena, Upland, Walnut, West Covina, Whittier.
We Are Always Accepting Referrals!

Having troubles locating one that can adequately live-up to your dream luxury home expectations. The MLS may seem to be in a constant state of short supply on such grandeur beauties, but you don't have to wait for the occasional NBC Article informing you of available masterpieces; they just seem not to be 'traditionally' listed for sale. So contact your local Luxury Home Specialist, and find out more about how a confident Realtor can help you. The home does not have to be listed for sale for the owner to be entertaining offers, and it all comes down to how your agent presents this offer.

If you're in the market to buy a luxury property is Los Angeles County or Orange County don't just work with anyone... Hire a Pro!