Linda Kay -The Barefoot Realtor: May 2013

Thursday, May 30, 2013

Glendora Market Watch - May 24-30, 2013

Glendora Market Watch - May 24-30, 2013

Okay, so I know I have been away for a couple of weeks, but I was visiting my son in NoCal. It was his birthday and he was commissioned as a youth pastor at a church while we were up there. Such an exciting time in his life!

Now, let's get down to it. This week in Glendora 13 new listings came on the market. It looks like folks here in Glendora are getting the news about price going up, up and away! It seems that people who have put that move on hold for the last few years would want to think about starting that process now!

There was 10 home that went pending (into the escrow process) and 14 sold homes this past week. Two listings expired and 3 more have gone into back-up which means an original offer has been accepted and they are simply taking back up offers in case the first one backs out or falls out. Pretty smart in these crazy real estate times.

So in recap, 13 homes came into the Glendora market and when you take into consideration the 3 backup, 2 expired, 10 pending and 14 sold (a total of 29 off the market) you can see that Glendora is picking up the pace quite a bit and yet a sellers market.

When you are thinking of buying or selling a home, contact me, a local expert. All real estate is local down to the neighborhood still and so you need someone who knows what's what in that area. I stay on top of the cities I serve in the SoCal 210 Corridor (such as Glendora, CA) as you can see and will be more than happy to help you with your real estate needs from free home valuations to answering questions and of course helping you buy a house or sell your home. FREE HOME VALUATION FOR THE MONTH OF JUNE.

**All statistics are taking from the IMRMLS.

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,
Linda K. Mayer, Realtor, SRES
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
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La Verne Market Watch - May 24-30, 2013

La Verne Market Watch - May 24-30, 2013

Now, let's get down to it. This week in La Verne only 7 new listings came on the market. It looks like folks here in La Verne are not getting the news about price going up, up and away! It seems that people who have put that move on hold for the last few years would want to think about starting that process now!

There was 1 home that went pending (into the escrow process) and 7 sold homes this past week. One listing expired and 5 more have gone into back-up which means an original offer has been accepted and they are simply taking back up offers in case the first one backs out or falls out. Pretty smart in these crazy real estate times.

So in recap, only 7 homes came into the La Verne market and when you take into consideration the 5 backup, 1 expired, 1 pending and 7 sold (a total of 14 off the market) you can see that La Verne is still at a slower pace and yet a sellers market.

When you are thinking of buying or selling a home, contact me, a local expert. All real estate is local down to the neighborhood still and so you need someone who knows what's what in that area. I stay on top of the cities I serve inthe SoCal 210 Corridor (such as La Verne, CA) as you can see and will be more than happy to help you with your real estate needs from free home valuations to answering questions and of course helping you buy a house or sell your home. FREE HOME VALUATION FOR THE MONTH OF JUNE.

**All statistics are taking from the IMRMLS

Claremont Market Watch - May 24-30, 2013

Claremont Market Watch - May 24-30, 2013

Now, let's get down to it. This week in Claremont only 14 new listings came on the market. A huge number of people finally deciding it's time to move. It looks like folks here in Claremont are getting the news about price going up, up and away!

There were 11 homes that went pending (into the escrow process) and 9 sold homes this past week. One listing expired and 2 more have gone into back-up which means an original offer has been accepted and they are simply taking back up offers in case the first one backs out or falls out. Pretty smart in these crazy real estate times.

So in recap, only 14 homes came into the Claremont market and when you take into consideration the 2 backup, 1 expired, 11 pending and 9 sold (a total of 23) you can see that Claremont is picking up the pace and yet a sellers market.

When you are thinking of buying or selling a home, contact me, a local expert. All real estate is local down to the neighborhood still and so you need someone who knows what's what in that area. I stay on top of the cities I serve inthe SoCal 210 Corridor (such as Claremont, CA) as you can see and will be more than happy to help you with your real estate needs from free home valuations to answering questions and of course helping you buy a house or sell your home. FREE HOME VALUATION FOR THE MONTH OF JUNE.

**All statistics are taking from the IMRMLS.

San Dimas Market Watch - May 24-30, 2013

San Dimas Market Watch - May 24-30, 2013

Okay, so I know I have been away for a couple of weeks, but I was visiting my son in NoCal. It purple crocus

was his birthday and he was commissioned as a youth pastor at a church while we were up there. Such an exciting time in his life!

Now, let's get down to it. This week in San Dimas only 5 new listings came on the market. Not very many considering the huge jump in prices we have seen in the last couple of months. It seems like more people in San Dimas should be ready to do that move they have been waiting to do for the last few years. Especially folks who are ready to retire and move closer to their kids or downsize.

There were 2 homes that went pending (into the escrow process) and 4 soldhomes this past week. One listing expired and 2 more have gone into back-up which means an original offer has been accepted and they are simply taking back up offers in case the first one backs out or falls out. Pretty smart in these crazy real estate times.

So in recap, only 5 homes came into the San Dimas market and when you take into consideration the 2 backup, 1 expired, 2 pending and 4 sold (a total of 9) you can see that San Dimas is stilll slow and still a sellers market.

When you are thinking of buying or selling a home, contact me, a local expert. All real estate is local down to the neighborhood still and so you need someone who knows what's what in that area. I stay on top of the cities I serve in the SoCal 210 Corridor (such as San Dimas, CA) as you can see and will be more than happy to help you with your real estate needs from free home valuations to answering questions and of course helping you buy a house or sell your home. FREE HOME VALUATION FOR THE MONTH OF JUNE.

**All statistics are taking from the IMRMLS.

Wednesday, May 15, 2013

Hot Topic For the Week - Credit Scores, Part 2

Hot Topic For the Week - Credit Scores, Part 2

The 7 Deadly Sins of Credit

Okay, so in reading many articles this week, the hot topic seems to be Credit Scores. And in attending one of my networking groups, the speaker this week was on - you guessed it, Credit Repair and Mistakes.

So the second issue regarding credit repair and mistakes I will be telling you all about the 7 Deadly Sins Of Credit.

Credit can be a huge asset to you or it can be a huge liability. There are many temptations today to use and abuse your credit so here are the bad practices and what to do about it.

1. LUST: Having that insatiable desire to consume more and more. Applying for more and more credit cards and generating more and more inquiries which lower your credit scores. If you aren't aware, every time someone "pulls" your credit, it lowers your score. This is because the credit bureaus think you are getting too much credit. Repent: Pay and pay with cash. Sit on it for 48 hours (think about it) and then pay with cash if you still have that urge.

2. SLOTH: What I don't see won't hurt me. Ignoring your credit report, credit card statements and your checking account balance won't help you. In fact it could possibly encourage things such as identity fraud. Repent: Check your credit reports for free.

3. WRATH: Emotions can run high when money is on the line. Closing credit card accounts will lead to a dramatic decrease in your credit score. After all, the person looking at your credit report won't know if the credit card company closed that account or if you did. Repent: Pay down your balance if you have one and simply don't use that card any longer.

4. GLUTTONY: Maxing out your credit limit. Repent: Keep your credit card balances below 30% of your limit.

5. PRIDE: Loss of income, medical emergencies or any other type of hardship can lead to a big burden to carry. It is not easy to ask for help. Repent: Reach out for help before things get out of control.

6. GREED: Cash advances on credit cards, payday loans, maxed out credit cards. Repent: Live within your means. This is usually easier said than done, but not an impossible task.

7. ENVY: Keeping up with the Jones'. Some would call it comparisonitis. Repent: Deal with your envy, stop comparing yourself and get to the root of the problem. sports car

If you are thinking of selling in the SoCal 210 Corridor, please call me for a free home valuation during the month of May. And if you have real estate question, or other real estate needs, please don't hesitate to call me. I will be honored to help you.

Once again, this came from a presentation from Cesar Marrufo of Elite Financial, LLC.

San Dimas Market Watch - May 8-14, 2013

San Dimas Market Watch - May 8-14, 2013

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in this week's San Dimas Market Watch.

Last week, there were a total of 4 new listings. Less inventory means higher prices and makes it a sellers market in San Dimas. When you compare this week's 4 to the 1 sold homes it doesn't give you much of a picture. But when you add the numbers together shows, that this is definitely still a sellers market in San Dimas, CA.

What does this mean to you if you want to sell? This means that your home will be sold in a short period of time and many times will sell for more than the asking price. Naturally, this doesn't mean that you can price your home high and expect the same results. But that's another whole blog. This whole environment can cause bidding wars which can make the price of your home increase by quite a bit.

There were 3 price changes, and 2 more have gone into back-up status. Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response. And when you figure in the 4 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 4 pending, 1 sold, and 2 into back-up for a total of 7 homes off the market. When you compare that to the 4 that came into the market, you can easily see why this is still a sellers market in San Dimas, CA. The market is pretty slow here right now in general, but you can see from the numbers that we are still buyer heavy.

**All statistics are taking from the IMRMLS. Reflects the week of May 8-14, 2013

La Verne Market Watch - May 8-14, 2013

La Verne Market Watch - May 8-14, 2013

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in this week's La Verne Market Watch.

Last week, there were a total of 5 new listings. Less inventory means higher prices and makes it a sellers market in La Verne. When you compare this week's 5 to the 6 sold homes it shows you that this is definitely still a sellers market in La Verne, CA.

There were 1 price changes, and 4 more have gone into back-up status. Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response. And when you figure in the 2 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 2 pending, 6 sold, and 4 into back-up for a total of 12 homes off the market. When you compare that to the 5 that came into the market, you can easily see why this is still a sellers market in La Verne, CA. The listings are rising, but we are still a bit buyer heavy. At least things are starting to turn around here.

**All statistics are taking from the IMRMLS. Reflects the week of May 8-14, 2013

Claremont Market Watch - May 8-14, 2013

Claremont Market Watch - May 8-14, 2013

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in this week's Claremont Market Watch.

Last week, there were a total of 9 new listings. Less inventory means higher prices and makes it a sellers market in Claremont. When you compare this week's 9 to the 3 sold homes it doesn't show much of a picture here Claremont, CA . But if you read on, you will find that it is still a sellers market in Claremont, CA. clAREMONT park

There were 5 price changes, and 4 more have gone into back-up status. Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response. And when you figure in the 6 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 6 pending, 3 sold, and 4 into back-up for a total of 13 homes off the market. When you compare that to the 9 that came into the market, you can easily see why this is still a sellers market in Claremont, CA. The listings are rising, but we are still a bit buyer heavy. At least things are starting to turn around here.

**All statistics are taking from the IMRMLS. Reflects the week of May 8-14, 2013

Glendora Market Watch - May 8-14, 2013

Glendora Market Watch - May 8-14, 2013

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in this week's Glendora Market Watch.

Last week, there were a total of 15 new listings. Less inventory means higher prices and makes it a sellers market in Glendora. When you compare this week's 15 to the 10 sold homes you can see that things in Glendora, CA are changing a bit - more homes to sell and more movement.

There were 5 price changes, and 9 more have gone into back-up status. Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response. And when you figure in the 5 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 5 pending, 10 sold, and 9 into back-up for a total of 24 homes off the market. When you compare that to the 15 that came into the market, you can easily see why this is still a sellers market in Glendora, CA. The listings are rising, but we are still a bit buyer heavy. At least things are starting to turn around here.

**All statistics are taking from the IMRMLS. Reflects the week of May 8-14, 2013

Monday, May 13, 2013

Hot Topic For the Week - Credit Scores, Part 1

Hot Topic For the Week - Credit Scores, Part 1

Your Credit Report Mistakes

So the first issue regarding credit repair I will be discussing this week is the fact that 40+ Million Credit reports contain mistakes. That's one in five. A staggering amount to be sure.

The number one issue is still identity theft according to the FTC Report on the 2012 complaints regarding credit score mistakes. This is huge because the Federal Trade Commission received more than 2 million complaints. And more than 43% were related to tax or wage related fraud.

(Photo By Dave Dugdale from Superior, USA (Analyzing Financial Data Uploaded by Ainali) [CC-BY-SA-2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons) financial contract

The Top 10 Credit Score Mistakes are as follows:

1. Identity Theft

2. Debt Collection

3. Banks and Lenders

4. Shop at Home and Catalog Sales

5. Prizes, Sweepstakes and Lotteries

6. Imposter Scams

7. Internet Services

8. Auto-Related Complaints

9. Telephone and Mobile Services

10. Credit cards

One of the things that was stressed in this presentation by Cesar Marrufo of Elite Financial, LLC was the fact that you should be checking your credit reports monthly. For instance there have been cases where the credit was great and then the couple applied for a home loan or refi and were turned down... in one particular case this was due to identity theft. But it could go on and on for quite a few months or years if you don't check your credit reports on a regular basis.

Two places where you can be checking your credit reports monthly are Credit Karma and Credit Sesame. You just never know when something that requires immdeiate attention will pop up, possibly needing a loan or even a discrepancy on your credit reports that requires attention. And you just can't tell when it will be the RIGHT time to buy or sell your home.

Wednesday, May 8, 2013

IS It Still A Sellers Market in Glendora, CA

IS It Still A Sellers Market in Glendora, CA

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET. But the trend is continuing here in Glendora, CA.

Last week, there were a total of 19 new listings. Less inventory means higher prices and makes it a sellers market. When you compare this week's 19 to the 5 sold homes you can see that things in Glendora, CA are changing a bit - more homes to sell and more movement.

There were 4 price changes, and 6 more have gone into back-up status. Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response.

And when you figure in the 16 that went pending (into escrow), that's a whole lot more properties than came on the market this week.

So, in recap, 16 pending, 5 sold, and 6 into back-up for a total of 27 homes off the market. When you compare that to the 19 that came into the market, you can easily see why this is still a sellers market in Glendora, CA. The listings are rising, but we are still a bit buyer heavy. At least things are starting to turn around here.

**All statistics are taking from the IMRMLS. Reflects the week of May 1-8, 2013