California Brace and Bolt for Pasadena area homes is offering incentives to brace & bolt your house

5 Ways to Compete and Win When Buying a House In Pasadena

California Brace and Bolt for Pasadena area homes is offering incentives to brace & bolt your house!

If you a homeowner in the Pasadena area (91101, 91103, 91104, 91105, 91106, 91107) you may be eligible for the Brace and Bolt Program. With this incentive program, homeowners can receive up to $3,000 for an earthquake retrofit.

According to the site, “The Earthquake Brace + Bolt (EBB) program offers homeowners up to $3,000* to cover costs associated with retrofitting their house to lessen earthquake damage.”

Registration will be open from January 15 through February 15, 2015 so hurry up and see if you qualify.

It is my understanding, funds may be limited.

If you check into it and have any feedback, I’d love to hear. Call me anytime at 626-502-7623 or email me.

Image credit: peshkova / 123RF Stock Photo

Posted on January 21, 2015 at 5:07 pm
Brandon Road | Category: Community Info, North East Pasadena, Pasadena Neighborhoods, Real Estate, Seller Information

September Aaroe Market Reports for Pasadena and surrounding communities

The September 2014 Aaroe Market Report is out.Aaroe_Market_Report_Sept_2014_Pasadena_Area

Some interesting data on the local sales volume, prices and inventory. The data is mixed as we have been seeing in the marketplace, but as

whole, the upward trend continues. See the full market report here.

If you have any questions about your local market, home prices or what your home may be worth, give me a call today at 626-502-7623.

Posted on August 29, 2014 at 5:01 pm
Brandon Road | Category: Buyer Information, Market Trends, Real Estate, Seller Information

Just Sold – 1870 E Orange Grove Blvd, Pasadena – 4 bedroom, 3 bath English Revival

Just Sold! This beautifully remodeled, English Revival home at 1870 East Orange Grove Boulevard in Pasadena features 4 bedrooms, 3 full bathrooms in 1,913 square feet. The original part of the house was built in 1923 with a recent addition doubling the square footage completed in 2014 as well as a brand new 2 car garage.

Sold in one week at $850,000.

If you are thinking about selling your home in the Pasadena area and you like what you see in this post, contact me today at 626-502-7623 or email b.road@theroadconnection.com and see what I can do to help you market your home and sell it for the best price possible.

Home sold by Brandon Road.

Posted on July 23, 2014 at 2:26 pm
Brandon Road | Category: Community Info, Listings, North East Pasadena, Real Estate, Seller Information

July 2014 Aaroe Market Reports for Pasadena and the Western San Gabriel Valley

The July Pasadena area Aaroe market report for 2014 had a couple of interesting indications:

  1. Inventory is picking up with more homes for sale
  2. Prices are continuing to rise overall
  3. San Marino and South Pasadena prices and inventory have flattened

Buyers are continuing to have a hard time with lack of inventory. Though the Pasadena area summer selling season has brought more inventory, it has also brought more competition. There are still many cash transactions and that trend does not seem to be going away anytime soon.

The threat of rate hikes seems to be subdued at the moment with recent lows in rates. However, as the fed continues to tapper its bond purchases and looks to next year to raise interest rates, mortgage rates are likely to rise in the coming months.

If you want advice on your real estate portfolio or have any questions about what the market is doing, what your property is worth or purchasing a new property, email me at b.road@theroadconnection.com.

Posted on July 1, 2014 at 4:45 pm
Brandon Road | Category: Buyer Information, Listings, Market Trends, Pasadena Neighborhoods, Real Estate, Seller Information

Aaroe Market Report on Home Sales in Pasadena & Surrounding Communities YTD – June 2014

The Aaroe Market Report indicates that the real estate market in the Pasadena area remains robust with prices rising and generally higher sales volume.  While inventory has Aaroe_market_report_for_San_Gabriel_Valley-06-14been low since the beginning of the year, the summer season seems to be bringing out more sellers. With a little additional inventory there is a glimmer of hope for inventory levels to start catching up with demand.

We still continue to see multiple offers with many  buyers becoming frustrated with fierce competition, while overpriced or “quirky” properties tend to take longer to sell and often end up selling at a discount.

If you are thinking about buying or selling your home, it is important that you get a pulse and clear picture of what the market is doing. Contact me today or call me at 626-502-7623 to find out what is behind the numbers and what you can expect when selling or buying your new home in the Pasadena area.

Posted on June 13, 2014 at 3:46 pm
Brandon Road | Category: Buyer Information, Market Trends, Real Estate, Seller Information

October Aaroe Market Report – San Gabriel Valley Real Estate Market Statistics

The October Aaroe Market Report is now available for September sales in the San Gabriel Valley. This is one of the best sources to see what the market place is doing locally.

Aaroe Market Report for the San Gabriel Valley, October 2013

The report reflects what I have been seeing in the market place with an increase in supply and continued rise in price.

If you have any questions about what the market is doing in your neighborhood, please email me at b.road@theroadconnection.com or give me a call at 626-502-7623.

Posted on October 3, 2013 at 1:55 pm
Brandon Road | Category: Buyer Information, Market Trends, Pasadena Neighborhoods, Real Estate, Seller Information

Loft Style Condo at the Prado goes from listed to close of escrow in just 3 weeks!

840 E Green St #231, Pasadena Loft Style Condo

You have probably heard by now that the Pasadena Real Estate market is hot but when a 1 bedroom condo is listed pushing the upper limit of comparables for the area you still expect it to take some time to sell. However, in this time in the market and in this building, the Prado, there is no shortage of demand.

With the right marketing and the right representation, I was able to get the seller what she was hoping to get with a 2 week escrow!

The Prado on Green Street is one of Pasadena’s premier buildings with desirable amenities including concierge service, internet cafe, 20 seat movie theater, pool, conference room, clubhouse and a great location!

With the right marketing and the right representation, I was able to get the seller what she was hoping to get with a 2 week escrow!

If you’d like to see what I can do to help you get the most for your property, give me a call at 626-502-7623.

Posted on May 28, 2013 at 5:37 pm
Brandon Road | Category: Market Trends, Pasadena Neighborhoods, Real Estate, Seller Information

Aaroe Market Reports for Pasadena and the San Gabriel Valley for May 2013

John Aaroe Market Report | 5.13

John Aaroe Group Pasadena Housing Market Report

The John Aaroe Group provides monthly marketing reports providing a snapshot of the Pasadena and surrounding areas’ market condition. To view the report full size, click on the report below.

Are you curious what is happening with values in your neighborhood? Find out today!

 

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Posted on May 3, 2013 at 5:00 pm
Brandon Road | Category: Community Info, Market Trends, Real Estate, Seller Information

What Is the Typical Escrow Period In a Pasadena Home Sale?

I am often asked what the typical escrow period is for a Pasadena home sale and why is it the length it is.pasadena_escrow_period_calendar

Typically, the escrow period is 30 days. Depending on the following factors the time frame can vary:

  1. Is the offer contingent on the buyer selling a home or seller finding a home?
  2. Is it a short sale or probate sale?
  3. Is the property going to be financed or paid for in cash?
  4. Does one of the parties have a deadline or need extended time?

These are the primary reasons why escrow periods can vary in the Pasadena area. The norm, is a 30 day escrow with financing.

The lender usually needs this time to schedule and complete the appraisal, package the loan, underwriter review and conditions, document issue and signing then funding the loan. Different lenders take different amounts of time to process the loan. It is important to work with a lender who has a good reputation in the Pasadena area.

The buyer needs time to perform their inspections, provide necessary documentation, etc.. This is done throughout the process and requires diligent effort by everyone to stay on track.

It is important to work with a lender who has a good reputation in the Pasadena area.

If the property is contingent on another property being sold or found,  or a probate or a short sale, the property can be in escrow or have an accepted offer  for longer than 30 days.

If there is a cash offer, the escrow period tends to be 7-30 days depending on the buyer and/or seller needs. With a cash offer, the time required for the bank to underwrite and fund the loan is not applicable. This removes the bulk of what takes time in a transaction and oftentimes reduces the escrow period to be less than 30 days.

If you have further questions about the escrow process and what I can do to help you in your home buying or home selling process, contact me today.

Image credit: allegro7 / 123RF Stock Photo

Posted on April 13, 2013 at 8:21 pm
Brandon Road | Category: Buyer Information, Market Trends, Real Estate, Seller Information

Is More Inventory Coming To The Real Estate Market In Pasadena?

Baby Boomers: Downsizing in the coming yearsIf you don’t follow historical trends and demographics, it might be a good time to pay attention to this. The “baby-boom” generation began reaching age 65 in 2011 and will continue until 2029. This is a large segment of our population and holds a good portion of the wealth and property in our country, as well as the Pasadena area.

Throughout the coming decade there will be a significant amount of homes that will be coming on the market, so the shortage of inventory that we see in the Pasadena area is likely to loosen up, if not soon, at least in the coming years.

Some experts believe that there will be an increasingly higher rate of sales from this generation through this decade that will increase in volume each year that passes.

With this increase in inventory there are concerns that there will be a shortage of demand for these homes giving way to a surplus of inventory. Given our local demographics and population increase, local infrastructure and population growth, our market is likely to maintain values. However, other outlying areas and parts of the country may have a hard time coping with this shift.

The baby-boomer generation is one of which I have done a lot of business with. With clients and family just ahead of the baby-boomers, I have a head start on knowing what the baby-boomers needs are over the coming years and I know that downsizing is often an immediate necessity and done when you have to, rather than when you should.

If you or any of your family are in or near the baby boomer generation, I am a resource to help you or your loved ones in this transition period. Whether the plans are to stay in the Pasadena area or relocate, get in touch with me to put a plan together to make this transition smooth and thoughtful.

Image credit: wavebreakmediamicro / 123RF Stock Photo

 

Posted on April 1, 2013 at 11:13 pm
Brandon Road | Category: Market Trends, Real Estate, Seller Information