1. Why buy a Pasadena Real Estate Foreclosure now? Has the Pasadena Real Estate market hit bottom?
2. How am I going to get a REAL STEAL on a Pasadena home?
3. What if I don’t know how to or don’t want to fix-up a house?
4. How can I get my taxes REDUCED on the house I now own in Pasadena?
5. What’s the difference between a Bank Owned, Foreclosed, REO, and Repo?
6. Can I get a list of Real Estate foreclosures outside of Pasadena, Glendale, Burbank, La Crescenta, Altadena, Arcadia, Tujunga, Sunland, Sun Valley ? California?
1. Why buy a Pasadena home now? Has the Pasadena Real Estate market hit bottom?
Anyone in any market of any kind (including the stock market) will tell you it’s impossible to
tell when a market has absolutely bottomed. They’ll also tell you that if you wait until the bottom
is officially “found” you’ll be too late to get the maximum benefit.
The housing prices probably won’t DECLINE much longer.
One indication of this? Many Pasadena foreclosure homes are now receiving multiple
offers - some sell for $5,000 — $15,000 ABOVE what’s being asked! Pasadena
Foreclosure home prices have declined to a price point that is approximately
what the house would have been worth eight years ago!
Interest rates are low now. The FED will have to raise interest rates at some point.
The FED has signaled, “they won’t be going LOWER!” We’re in a “window” that won’t last forever.
Our economy has entered an inflationary stage with rapidly rising prices for everything from gas to food to clothing.
The prices for almost everything it takes to build a house are going up.
As the replacement cost of housing rises, it’s likely the price of existing homes will
stop declining, pause, then rise. Almost all the new home builders in the Pasadena area gathered together and agreed to stop building.
This action will help to reduce new home inventories. The inventory of distressed bank-owned foreclosure properties
will begin to decline soon. Banks are not in the Pasadena real estate business!
The Pasadena Homes on their books negatively affects their ability to lend money - the ONLY business they ARE in!
The banks want the their vacant, deteriorating Pasadena houses GONE , as soon as possible!
Our job is to facilitate that, but in gerneral terms: “NO PAIN, NO GAIN”? Banks DO NOT want to FIX or FIX-UP Pasadena houses! Most buyers don’t want to either! There is no real competition for damaged Pasadena houses, and that’s where the STEALS ARE!! So, if you’re willing to do what OTHERS will NOT do, YOU WIN! Your Foreclosure-specialist agent will help you quickly get bids on the work that needs to be done, so you’ll have a very good idea of what YOUR total cost to repair will be.
3. What if I don’t know how to or don’t want to fix-up a house?There is another segment of the Pasadena home market that is still largely ignored! The other segment of the market where there are real STEALS? Big beautiful, wonderful, roomy, luxurious and delicious homes! Many of these have asking prices that are up to 50% off what they sold for, or would have sold for, just two years ago! Have you dreamed of having a pool? Have you always wanted a couple of acres with your Pasadena home? Would you like an extra garage? How about an extra small house in the back for a parent, or an attached casita? Maybe you’d like an office, a game room and, still have 3 bedrooms?
4. How can I get my taxes REDUCED on the Pasadena home I NOW own?Just email us today at homes@pasadenasrealestate.com and Say, “I’d like the form and instructions to send to the tax assessor to reduce my taxes!” We’ll get it right to you!
5. What’s the difference between a Pasadena Bank Owned, Forclosed, REO, and Repo home?They are all essentially the same thing. When a Pasadena home goes into default, the bank takes ownership of it and then the bank puts the Pasadena home on the market. REO is the official term used by people in the industry and stands for Real Estate Owned (Repo stands for Repossesed).
6. Can I get a list of foreclosures outside of Pasadena, Glendale, Burbank, La Crescenta, Altadena, Arcadia, Tujunga, Sunland, Sun Valley ? Outside California?Yes, we belong to a nation wide network of foreclosure home experts. If you want a list anywhere out side of Pasadena, Glendale, Burbank, La Crescenta, Altadena, Arcadia, Tujunga, Sunland, Sun Valley or anywhere in Pasadena just send us an email or call us today.