Earlier today, I had an appointment with a home seller in Pasadena. He had his home listed on the market and in the period of two months had only a few showings. His listing expired and he is now in the process of interviewing to find a Pasadena real estate agent that he can trust to handle the sale and marketing of his home. A very smart move on his part given the diversity of experience in the Pasadena real estate market place.
His previous real estate agent entered his home in the Multiple Listing Service (MLS). Thats great, right? NO¦ The problem is that his real estate agent added his listing in the wrong MLS. The Multiple Listing Service that provided listings of home in Los Angeles NOT Pasadena.
Pasadena Home Seller Tip:
When interviewing your Pasadena real estate agents find out WHICH MLS they are members of and WHICH MLS your home will be listed in.
Your Pasadena Home should be listed in the following MLS services:
Remember that the goal of marketing your Pasadena home is to get as many "eye balls" on your lisitng as possible. If your Pasadena home or condo is listed in all four of these Multiple Listing Services, it will have a lot more exposure.
In this sellers case, since his Pasadena home was listed in CLAW, 99% of Pasadena area realtors were not aware that it was for sale. This seller just lost 2 months of active marketing in a down trending market.
Dont make the same mistake. Ask the right questions. After all, you want to hire the best Pasadena Real Estate agent to selli your Pasadena area home.
READ ALSO: Top 10 Pasadena Seller Mistakes
READ ALSO: Pasadena Real Estate Agent Tells All - Sellers Beware
READ ALSO: What Does Your Real Estate Agent Do For You?
Good luck in the sale of your home!
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If you are a homeowner in Pasadena or any of the Los Angeles County areas and your home value has declined, this article is for you.
Today, I had an opportunity to meet with and interview Carol Wong Quan. Carol is a Special Assistant with Los Angeles County Assessors office. She was excited about the proactive approach that the Assessor is taking in re-evaluating single family homes and condos for a possible Decline-In-Value reassessment.
If your home was purchased between July 1,2004 and June 30,2007, you do not need to do anything. The assessors office is actively reviewing 316,000 parcels to see if your property taxes need to be lowered due to value decline. Over 152,000 homes in the Los Angeles County have been reviewed already and close to 72,000 home owners will get the happy news of lower property taxes.
Pasadena homeowners will be notified by the end of June with the assessment results.
If you purchased your Pasadena home before July 1st 2004 or after June 30th 2007 and believe that the value of your home has declined, you can still submit a ˜Decline-In-Value Reassessment Application (Prop.8). This form can be downloaded from the assessors website at http://www.assessor.lacounty.gov/
The deadline for submission of these applications is December 31, 2008.
You can also call 213.974.3211 or 888.807.2111 for assistance.
READ MORE: Proposition 8 and how it affects Pasadena homeowners
READ MORE: Over 55? Save Thousands of $s on Property Taxes
If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me at Irina@Irina4RealEstate.com or call me at (626)627-7107. Thank you!
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Did you know that most Pasadena agents will not show their buyers available homes for sale that are in a ‘short sale' process?
Why?
Most Pasadena real estate agents do not understand how to work with a ‘short sale'. They do not understand how to counsel their buyers appropriately and do not want to put in the time or effort into the short sale, thus avoiding any listings that state that they are ‘short sales'.
We have been fortunate over the last 6 to 8 years not to work with loss mitigators at the banks in handling these home sales. It is an art more than a science. Each bank has thier own idiosyncrasies. It does get complicated and requires a lot of work on the part of your Pasadena real estate agent.
Can YOU buy a home through a Short Sale? YES¦ I just helped buyers purchase and successfully close a ‘short sale' home last week.
Stay tuned for more information on how Short Sales work and what to expect. Ask your Pasadena real estate agent whether or not they know how to deal with a short sale.
There are currently 24 single family homes for sale that fall into the ‘Short Sale' category in Pasadena as of today. They range between $349,000 and $799,000.
If you are looking to buy a home in Pasadena, it is important to understand all your options including Short Sale homes.
If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me at Irina@Irina4RealEstate.com or call me at (626)627-7107. Thank you!
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If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me at Irina@Irina4RealEstate.com or call me at (626)627-7107. Thank you!
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San Marino Real Estate Market is continuing to do very well. On average, San Marino homes are selling in 49 days. Average sales price of a San Marino home is about $1.6 million.
For instant information about what is selling around your San Marino home, please click below for a FREE report which can be emailed to you as often as every two weeks:
FREE MARKET SNAPSHOT - INSTANT REAL ESTATE DATA
Asking Prices and Sold Prices (December 24, 2007 - March 24, 2008)
MARKET PRICING DETAILS
| Total | Most Recent | Highest | Lowest | Average | Median | |
|---|---|---|---|---|---|---|
| Sold Homes | 9 | 03/20/2008 | $2,500,000 | $1,050,000 | $1,596,011 | $1,480,000 |
| For Sale | 18 | 03/24/2008 | $4,530,000 | $895,000 | $1,937,472 | $1,726,500 |
RECENT ACTIVITY
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