How Local is Local?
Okay, so after I wroteÂ my blogÂ this morning aboutÂ real estate beingÂ local, there was an interesting post on my Twitter Feed from a mortgage company. Â It's toÂ THIS LINKÂ - an interactive tool onÂ CNN Money. Â This tool let's you look at the real estate forecast in your city. Â Really,Â my city? Â How exciting!
However, when I go to click on "my city", the closest city is actually Los Angeles. Â What's wrong with this picture! Â Well, for starters, Los Angeles metro is about a one and a half hour drive from east Los Angeles County, where I live. Â Seriously, you want me to call thisÂ local? Â
There is no possible way that Los Angeles real estate is the same or even close to La Verne real estate or anywhere along the 210 corridor where I live and serve.Â For instance, I serve Pasadena through Fontana. Â I just sold an older home in Pasadena with three bedrooms and two bathrooms for nearly $550,000. Â A home of this size and age in Fontana would be around $250,000. Â A huge difference! Â And in Fontana, there is quite a bit of newer construction where you can purchase a home for around $350,000 that has four or more bedrooms and more than 2000 square feet. Â So when you compare the neighborhoods in Fontana, even those vary greatly.
So when I tell you that you need aÂ local expert, one who knows the neighborhoods and prices at the very least, I tell you this for your own protection. Â You need someone who knows the market to get you the very best deal you can possibly get. Â It also helps if that person knows the schools and the community so you can come into it with a good idea of the area.
I try to stay on top of the communities I serve and be aÂ local expertÂ for all of them. Â So if you are interested in buying or selling a home, or if you simply have real estate questions, please feel free to contact me. Â I will be more than happy to assist you!
Linda K. Mayer,
Realtor, Office Manager Â
License # 01767321
AÂ Realtor you can Trust!
(626) 824-8927 Cell