The assessor lists this property as having 845 sq. ft. The recent sold homes in the 1/2 a mile radius of this home have averaged $413/sq. ft. This home is listed at $439. It's not unusual for smaller homes to run a little higher than average for price per sq. ft. Although, the average sold price per sq. ft. for Monrovia, overall, has been running around $350.
I strongly recommend that you hire a professional and experienced real estate agent to represent you in this transaction. Trying to buy a house with suggestions over the net is a risky situation. Monrovia market report is attached for your information in the link below.
I have been to this house and it seems that there is only 1 bedroom. But in the description Prudential said there are 2 bedrooms. As far as I know they actually converted the walkway/room between the living room and the master bedroom to an additional room, which means you have to walk through that additional room to the master bedroom (please refer to photo 7 and 10 on the listing). The bed with red blanket in Photo 7 is a master bedroom and the black blanket in Photo 10 is the additional room. You can see the master bedroom from the additional room.
There is no back yard; instead there is a steep hill at the back of the house. Also, the house is located at the end of a T-junction (please refer "street view" from Google Maps).
Correct me if I am wrong. Thank you so much!
2. Using a mortgage broker gives you more programs to choose from. Also, just because you have good credit does not mean you will qualify. The amount of your down payment and income will also play a factor.
3. Real estate agents may provide rebates whereas lenders do not. I can recommend a mortgage broker that will work with you to educate you on what is available.
Let me know if you have any questions.
You have been doing your homework!
To address your questions:
1. There are a lot of excellent real estate agents working in Pasadena. You can do a couple of things. First, ask your friends and family for a recommendation - if they had a great experience with an agent most likely, you will too. Also, use the power of internet to learn more about the agent, or just google pasadena real estate agents, see who comes up and explore their sites. Also, interview your potential agent candidates to ask them about their experience, how they work with consumers, what their specialty is - residential, income, first time buyer, etc. See who you feel more comfortable with.
2. The best way to get a loan is to go through a referral from the agent that you pick. Real estate agents have established relationships with credible and reliable lenders and mortgage brokers. For example, I have a list of several lenders/mortgage brokers that have consistently provided great rates and service to my customers. Most importantly, there were no surprises or last minute changes. That's critical, especially, in today's real estate market.
3. As a buyer, you are in a great position. The seller will pay commissions for you. As far as rebates are concerned, you might be able to find an agent that will give part of their commission back, but if they're willing to give you a portion of their salary, I'm not sure that they would be the ones to negotiate on your behalf. An experienced, full service real estate agent, will not consider that.
Hope this answered your questions. I am putting a link to my website below and it has a lot more information and articles about buying a home in Pasadena and surrounding cities like Sierra Madre and Monrovia. Also there are posts about how to find a great agent.