Selling Your Home in South Pasadena CA

Getting the most for your home or property means doing more than putting a “For Sale” sign out front. In a competitive market where new homes for sale are added daily, your listing needs to be seen in a variety of places in order to stand out. And sometimes the right buyer is waiting out of state, or even in another country. We know which neighborhoods will best fit our clients’ real estate needs and budgets. We are familiar with local real estate zoning laws and know where to obtain financing. We are Realtors and brokers and act as intermediaries in price negotiations between buyers and sellers. Also may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale..

Five Reasons to Sell your home with a South Pasadena REALTOR®

1. Sell with a custom marketing plan.
2. Get your home listed and talked about everywhere, not just in the local paper and on your street.
3. Attract buyers via the Internet.
4. Have all the paperwork taken care of for you.
5. Negotiate with the help of a real estate professional.

As your Seller’s Agency, we’ll quickly put together a custom marketing plan with an effective sales price. A well-priced home will often generate competing offers and drive up the final sale value. Our comparative market analysis takes into account the most actively searched prices, and home values throughout your area, including expired listings, and properties still on the market. In marketing your home, we also develop a listing that emphasizes its unique and sell able aspects. We then put your home in front of thousands of buyers, establishing it on the local homes listings as well as broader ones, new listings sheets, and Realtor publications. Our network of professional real estate contacts and buyers throughout the nation will also have the opportunity to check out your listing. In addition, we’ll use the Internet, and this professionally optimized website, to make your listing highly visible. With more than 80 per cent of buyers checking the web first when looking for a home, that’s a part of your marketing strategy you can’t afford to miss.

Without the help of a South Pasadena Realtor, marketing your home can be time consuming and difficult. Advertising in the media is often expensive, and many buyers are reluctant to consider homes listed “For Sale by Owner.”

When we list your home, we do so at no additional cost. When you start to get offers, we can represent you during the emotionally charged negotiating process and ensure you get the best price, with favorable closing terms that are clearly spelled out. As your professional aides, we also and take care of all paperwork related to the sale.

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RE/MAX Tri-City
1055 East Colorado Blvd, South Pasadena CA. 91106

(626) 296-2900

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What is A Foreclosure?

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a “mortgage” or “deed of trust”. Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property.

When the process is complete, the lender can sell bank owned condos and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that “the lender has foreclosed its mortgage or lien”.

If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgment.

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What is an REO?

Real estate owned or REO is a class of property owned by a lender typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.

A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property.

This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan-to-value mortgage following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset (non-performing asset).

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We pride ourselves on knowing South Pasadena real estate, understanding the markets, and making the process easy from start to finish. Start looking at South Pasadena homes now, or click any of the links for more details.

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RE/MAX Tri-City
1055 East Colorado Blvd, South Pasadena CA. 91106

(626) 296-2900

South Pasadena Real Estate - South Pasadena Real Estate Sales

South Pasadena REMAX Agents – RE/MAX Office – REMAX Realtors

Welcome to South Pasadena REMAX — your source online for South Pasadena CA real estate. Whether you’re buying, selling, or just want to browse the REMAX MLS listings, you’ll find something useful here.
We are your source of information and services for buying or selling South Pasadena California real estate. With over 21 years of local experience, we know the South Pasadena real estate market and will provide you with the expertise and professional representation required in today’s challenging market. Are you Interested in buying or selling property in South Pasadena ? Contact us today. 626 296-2900

South Pasadena Remax

Experienced South Pasadena California real estate agents are ready to help and Condos REMAX Homes for sale in South Pasadena This site also offers insider information on new REMAX and other broker home listings in South Pasadena and many surrounding communities, designed to give you an idea of the local market. We are REMAX Real estate brokers and sales agents we have a thorough knowledge of the real estate market in South Pasadena CA. area. We know which neighborhoods will best fit our clients’ real estate needs and budgets. We are familiar with local real estate zoning laws and know where to obtain financing. We are Realtors and brokers and act as intermediaries in price negotiations between buyers and sellers. Also may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale..

If you’d like more information about REMAX South Pasadena real estate or our services, please don’t hesitate to contact us. We’re happy to answer all questions, big or small.

RE/MAX Nobody Sells More Real Estate In The World!

In addition to television, RE/MAX sponsors and advertises in a wide range of sporting events, in print and radio ads.

RE/MAX is the dominate voice in real estate, on the air, in print and at sporting events.

More Advertising translates into more leads, up calls, walk-ins and referrals for the agent.National TV:• 5.6 billion impressions• More than 25 cable and major-network channels• Nearly 7,000 TV spots• Reaching 89% of target audience National Radio:•3.1 Billion Impressions• NCAA, NFL, Olympics in China• 612 Commercials• Reaching 60% of target audience National Print:• 450 Million Impressions• ads in popular or home-related publications• Reaching 55% of Target Audience National Internet:• Projected traffic to REMAX.com is 18 million• June, 2008, 1.9 million REMAX.com visits from search engines• Reaching 95% of target market Expected Media Combined Results:• 10.1 Billion impressions• Reaching 95% of target audience

• Average customer sees a RE/MAX message 42.5 times

• $3.8 Million in added Value of RE/MAX Sponsorships

“For over 38 years, RE/MAX has succeeded in all kinds of markets, but it’s especially true today that franchise owners prefer to align with a high quality organization that has a proven track record,” Liniger added.

The franchise sales announcement comes on the heels of the 2011 J.D. Power and Associates Home Buyer/Seller Studysm which ranked RE/MAX with the highest overall satisfaction for home sellers and home buyers among national full service real estate firms.

Add that to two national industry surveys that ranked RE/MAX agent productivity far above all other national franchise agents and it’s not difficult to see why over 300 new and converted RE/MAX offices have opened their doors so far in 2011.

RE/MAX will be celebrating its many 2011 successes at the annual RE/MAX Broker/Owner Conference in Los Angeles, CA, beginning this Sunday . The event runs August 13-16 and will host thousands of the network’s most influential leaders and top managers from around the world.

Contact: The Manzo Team at: 626 -296-2900 or by E-Mail

RE/MAX Tri-City
1055 East Colorado Blvd, Pasadena CA. 91106

(626) 296-2900

South Pasadena Real Estate - South Pasadena Real Estate Sales

Are you behind in your mortgage payments, or concerned that you soon might be?

Have you received a preforeclosure letter from your lender?

First of all, don’t be ashamed. Millions of homeowners are in your situation – many times through no fault of their own. A job loss, a serious illness or other circumstances can put you in danger of foreclosure.

The economic downturn has led to many homeowners being “under water” in their loans, meaning they owe more than their home is worth, making it impossible to refinance.

If you’ve become one of those millions, don’t panic. Foreclosure, and its accompanying effect on your credit, is not inevitable. There are many options out there, and your circumstances may make one of those options feasible and desirable for you.

To keep your options alive, you need to communicate with your lender. Many homeowners have lost their homes to foreclosure without ever contacting their lender.

This would also be a good time to consult with a tax adviser and a RE/MAX agent. Thousands of RE/MAX agents are specifically trained to work with distressed properties, and will be able to help you explore foreclosure options.

Many lenders would rather not foreclose. They take a large financial hit on a foreclosure. So in many cases, they’ll consider viable alternatives. Some of these alternatives may keep you in your home.

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Your lender may be willing to modify the terms of the loan, whether it’s reducing the principal, lowering the interest rate or other creative strategies to make the loan affordable for you. As part of the stimulus package, the U.S. government has programs to provide incentives for banks that use this strategy as an alternative to foreclosure.

If a loan modification is not available you might consider a short sale. This is the fastest-growing foreclosure alternative. Many lenders will allow a Short Sale, when the home sells for less than the amount of the loan. This is attractive for lenders because they lose less money than in a foreclosure. Also, Short Sales generally take less time than foreclosures, so the banks don’t have to carry the properties on their books as liabilities.

And it’s attractive for homeowners because the impact on their credit is far less than in a foreclosure. You may be able to buy another home in as little as two to three years after a Short Sale, compared with a typical seven-year wait after a foreclosure.

Short Sales are paperwork-intensive, and there are many, many details involved. If you’re considering this option, it’s critical to work with a trained real estate agent who knows all the steps required to successfully complete a Short Sale.

RE/MAX leads the real estate industry in agents who’ve completed the Certified Distressed Property Expert (CDPE) course or other specialized training. They understand the intricacies of these transactions, and they’ll be able to advise and counsel you every step of the way.

South Pasadena Real Estate - South Pasadena Real Estate Sales

One of the biggest problems in foreclosures is that homeowners sometimes physically damage the property, or even sell some of the fixtures, before leaving. Needless to say, this is not a good idea. It may expose the homeowners to financial and legal liability. It also makes the properties much more difficult to sell.

To prevent this, some lenders offer a program called “Cash for Keys.” The homeowners receive a check for vacating the property within a certain time period and leaving it in good condition. If you have no alternative other than foreclosure, you should ask the bank about this option.

Tips From HUD

The U.S. Department of Housing and Urban Development has 10 tips for avoiding foreclosure:

1. Don’t ignore the problem.
2. Contact your lender as soon as you realize you have a problem.
3. Open and respond to all mail from your lender.
4. Know your mortgage rights.
5. Understand foreclosure prevention options.
6. Contact a HUD-approved housing counselor.
7. Prioritize your spending.
8. Use your assets.
9. Avoid foreclosure prevention companies.
10. Don’t lose your house to foreclosure recovery scams.

South Pasadena Real Estate - South Pasadena Real Estate Sales

Many of the homes for sale today – as many as half in some markets – fall under the category of “distressed properties.”

These are homes that have either gone through foreclosure or are being marketed as “short sales.” In a short sale, the homeowner can’t afford to maintain the mortgage, but the lender – rather than foreclosing – agrees to the sale of the property for less than the balance of the loan.

These types of sales have different dynamics than traditional sales – with more paperwork, often a longer transaction process and, in some cases, more frustration. For these reasons, many buyers shy away from foreclosures or short sales.

However, if you understand the potential pitfalls of purchasing a distressed property – and work with an agent who has a thorough knowledge of this market – you can get a great home at a great price.

Thousands of RE/MAX agents have been specially trained in working with foreclosures or short sales through the Certified Distressed Property Expert class or a similar course. They can guide you through the process and help you locate and purchase just the right home for you.

South Pasadena Real Estate - South Pasadena Real Estate Sales

This is an outstanding time to buy a home – distressed property or not. With historically low interest rates, and a glut of homes on the market in many areas, there are bargains to be found.

Is a distressed property for you? Here are pros and cons of buying one.

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Advantages of Buying a Distressed Property

First, you’ll be dealing with a highly motivated seller – either a bank in the case of a foreclosure, or in a short sale, sellers who are in financial trouble and very interested in getting out of a mortgage they can no longer afford.

These types of sales take much of the emotion out of the process. You won’t be insulting anybody, for instance, if you make an offer that’s lower than the asking price. (That’s not to say that the low offer will necessarily be accepted, of course.)

Lenders are extremely interested in getting these homes sold and off the liability side of their balance sheets. Many foreclosed properties can be purchased for only a percentage of what they would have commanded five years ago. (This situation is beginning to change, though; bidding wars are breaking out on some foreclosed properties these days, especially those that are moderately priced. Your RE/MAX agent will know what’s going on in this area and will be able to help you arrive at a reasonable strategy for making an offer.)

If you’re looking at a short sale, you’re not likely to get quite as good a deal as on a foreclosure. But there are definite advantages to purchasing one of these homes. For one thing, since the homeowners want to get the home sold quickly, they are likely to keep it well-maintained and in good move-in condition.

South Pasadena Real Estate - South Pasadena Real Estate Sales

If you’re looking for a “steal,” you’re probably not going to find it. The market is heating up, with more and more buyers jumping into the market. If you’re purchasing a home to live in, you’ll often be competing not only against buyers similar to yourself, but against investors. More competition inevitably leads to higher prices.

The transaction process for short sales or foreclosures often takes longer than for traditional transactions. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get it all sorted out – especially if there’s a second mortgage involved, which is often the case.

Some foreclosed properties are also in rough condition. Many have sat idle for a long time with minimal or no maintenance. The departing owners may have sold off fixtures, or damaged the property.

Interested in searching for foreclosures in your area? Get a list of the Foreclosed Properties database in your area by calling The Manzo Team Today! 626 296-2900.

South Pasadena Real Estate - South Pasadena Real Estate Sales

Buyers from around the world are looking to connect with local real estate experts, just like The Manzo Team. This new strategic initiative gives consumers increased opportunities to help Consumers locate real estate in any part of the world. When you list your home with The Manzo Team of South Pasadena real estate agents your home listing will automatically appear on the new site, enabling you to expose your property listing with buyers around the world.

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South Pasadena Real Estate - South Pasadena Real Estate Sales