Another California Earthquake

Another California Earthquake

Okay, so we had yet another California earthquake today.  It was about 50 miles southeast of my area.  Usually we can feel these quakes, but today, I got NADA, nothing, ziltch.  (Ziltch is a really fun game, by the way.)

A lot of people are scared away from California Living because of the earthquake threat.  But I'm here to tell you, the ones you can actually feel are few and far between.  We have earthquakes continuously, but they are usually under a 3.0 and no one actually even knows they are happening.

As for today's quake, it was a 4.7 and of course there were no reports of damage or injuries... you can read about it via the Washington Post HERE:  

Magnitude 4.7 earthquake shakes wide area of Southern California; no damage reported

And you can research earthquakes by visiting Cal Tech's website.  They show recent earthquakes and have a few pages where you can do some research. Seriously interesting stuff!

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
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

Why It is STILL a Sellers Market in La Verne, CA

Why It is STILL a Sellers Market in La Verne, CA

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

Last week, there were a total of 7 new listings.  Last time there were also 7 new listings.  When you compare this week's 7 to the 7 sold homes you can see that there aren't going to be many homes on the market for very long.  

What does this mean to you if you want to sell?  This means that your home can 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.

There were 3 price changes, usually this means lowering of the asking price 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.

When you figure in the 1 that went pending (into escrow), that's a whole lot more properties than came on the market this week.  

So, in recap, 1 pending, 7 sold, and 4 into back-up for a total of 12 homes off the market.  When you compare that to the measly 7 that came into the market, you can easily see why this is a great time to get top dollar for your home.

If you are thinking of selling, or buying for that matter, please always contact a local expert for the area so they know how to advise you.  All real estate is local down to the neighborhood still and so you need someone who knows what's what.  I stay on top of the cities I serve (such as La Verne, CA) as you can see and will be more than happy to help you with your real estate needs whether that be to answer any question you may have or give you a free home valuation. And ALWAYS go with a Realtor you can trust!

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
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

Why It is STILL a Sellers Market in Claremont, CA

Why It is STILL a Sellers Market in Claremont, CA

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

Last week, there were a total of 8 new listings.  Last time there were 7 new listings and now we are up to 8.  When you compare this week's 8 to the 9 sold homes you can see that there aren't going to be many homes on the market for very long.  

What does this mean to you if you want to sell?  This means that your home can 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.

There were 7 price changes, usually this means lowering of the asking price and 5 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.

When you figure in the 7 that went pending (into escrow), that's a whole lot more properties than came on the market this week.  

So, in recap, 5 pending, 9 sold, and 6 into back-up for a total of 20 homes off the market.  When you compare that to the measly 8 that came into the market, you can easily see why this is a great time to get top dollar for your home.

If you are thinking of selling, or buying for that matter, please always contact a local expert for the area so they know how to advise you.  All real estate is local down to the neighborhood still and so you need someone who knows what's what.  I stay on top of the cities I serve (such as Claremont, CA) as you can see and will be more than happy to help you with your real estate needs whether that be to answer any question you may have or give you a free home valuation. And ALWAYS go with a Realtor you can trust!

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
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

Why It is STILL a Sellers Market in Glendora, CA

Why It is 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 and even growing here in Glendora, CA.  

Last week, there were a total of 11 new listings.  Last time there were 13 new listings and now we are down to 11.  When you compare this week's 11 to the 9 sold homes you can see that there aren't going to be many homes on the market for very long.  

What does this mean to you if you want to sell?  This means that your home can 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.

There were 2 price changes, usually this means lowering of the asking price 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.

When you figure in the 9 that went pending (into escrow), that's a whole lot more properties than came on the market this week.  

So, in recap, 9 pending, 9 sold, and 6 into back-up for a total of 24 homes off the market.  When you compare that to the measly 11 that came into the market, you can easily see why this is a great time to get top dollar for your home.

If you are thinking of selling, or buying for that matter, please always contact a local expert for the area so they know how to advise you.  All real estate is local down to the neighborhood still and so you need someone who knows what's what.  I stay on top of the cities I serve (such as Glendora, CA) as you can see and will be more than happy to help you with your real estate needs whether that be to answer any question you may have or give you a free home valuation. And ALWAYS go with a Realtor you can trust!

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

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website

Why It is STILL a Sellers Market in San Dimas, CA

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

Last week, there were a total of 5 new listings.  Last time there were 6 new listings which is good for sellers.  Less inventory means higher prices.  When you compare this week's 5 to the 6 sold homes you can see that there aren't going to be many homes on the market for very long.  

What does this mean to you if you want to sell?  This means that your home can 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.

There were 4 price changes, usually this means lowering of the asking price and 3 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.

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 3 into back-up for a total of 11 homes off the market.  When you compare that to the measly 5 that came into the market, you can easily see why this is a great time to get top dollar for your home.

If you are thinking of selling, or buying for that matter, please always contact a local expert for the area so they know how to advise you.  All real estate is local down to the neighborhood still and so you need someone who knows what's what.  I stay on top of the cities I serve (such as San Dimas, CA) as you can see and will be more than happy to help you with your real estate needs whether that be to answer any question you may have or give you a free home valuation. And ALWAYS go with a Realtor you can trust!

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

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website

Reverse For Purchase - New and Improved

Reverse For Purchase - New and Improved

Okay, so we all know seniors (age 62 or over) who want or need to sell their current home. Maybe they have a two-story and can no longer handle the stairs, maybe they want to be closer to their kids or grandkids; maybe their house is way too big; maybe they want to be with other active seniors or possibly they can no longer afford the mortgage... many, many reasons this could be happening.

But since they happen to be a senior, they are on a fixed income (usually) or have other factors that would not make them NOT a good candidate for a new home loan, plus they are just not sure about making the new payments.

I have GOOD NEWS for both the seniors and their realtors! The "Reverse for Purchase" can come into play!  Here's how it works...

Step One: Mr. and Mrs. Stiles meet with their Realtor and place their home on the market. 

Step Two: Mr. and Mrs. Stiles start looking for a new home to purchase that will fit their needs.  

Step Three: The Realtor introduces Mr. and Mrs. Stiles to a Reverse Mortgage Consultant who explains the process to them.  

Step Four: Their home sells for $300,000!

Here's how it looks on paper:

New Purchase Price                   $400,000**

Reverse Amount                       $230,000**

Cash Needed to Close                $170,000**

The cash can come from the proceeds of the sale of their previous home or other sources and the rest can go into their own pocket.  And because of the Reverse Mortgage on the new home, they will never have a payment* until they can no longer live in the home or they pass away.

You have heard about investors getting all the homes on the market because they are offering cash.  Well, a Reverse for Purchase is just like a cash offer.  There is no qualifying - you must simply be 62 or older and have some equity in your existing home or cash on hand for the new purchase.  Great deal, right!

And everybody's happy!

So if you know of a senior who needs some financial help, needs to move or has some questions about the new and improved Reverse Mortgage Process, please don't hesitate to contact me by phone or email.  I would love to help!

*House must be kept up to FHA standards and all taxes and insurance must be kept up to date.

**Amounts are approximate

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
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website

It's as Simple As Supply and Demand

It's as Simple As Supply and Demand

Okay, so I wrote about stats in some of my local cities last week.

Why Is Now The Time To SELL Your Home in La Verne, CA?

Why Is Now The Time To Sell You Home in San Dimas, CA?

Why Is Now The Time To Sell You Home in Glendora, CA?

Why Is Now The Time To Sell You Home in Claremont, CA?

And in all of those posts, the inventory was less than two weeks supply.  So as I read this article today about the future of housing values, I had to post the link.

The best part for home sellers is their loose guideline.  It states that for a 1-4 month supply of homes it is definitely a sellers market.  And as you can see from the city blogs, it is more than that!  Sellers can expect top dollar with less than two weeks supply!

Five to six months supply is a "balanced" market according to the article.  And as you can tell, we are quite a long way from being balanced.  And they say a buyers market is when there are more than seven months supply of homes in the housing market.

I stay on top of my local cities and know the area really well.  So if you are looking to buy or sell a home, choose me, a local expert.  I will be happy to answer all of your questions and take care of your needs.  And always pick A Realtor You Can Trust.

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

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com

Linda's Website