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My office is in South Pasadena, not far from the area around Monterey Hills Elementary. I can help you find a rental in the area.
The area immediately around the school is generally large homes, smaller homes and apartments can be found close by though. If you send me your contact information, I can send you a list of available rentals.
If you are looking in the Highland Park area, an all cash offer would put your offer ahead of the financed offers, especially for a distressed property in need of some fixing up. Yes, Highland Park is up-and-coming with increasing home values due to neighborhood developments, but there are still lots of properties that don't qualify for financing because of the repairs needed, so cash would be your best asset in this case! As for a reduction in purchase price, that depends on the property and the motivation of the sellers.
My office is on the border of Highland Park and South Pasadena, so if you need some personal attention, please let me know!... more
I have a possibility for you with a 3 bed 3 bath with an exercise studio I can lease out to you in South Pasadena for $3,600. This house sits in a quiet cul-de-sac with its own tennis court. It is available now. Please get in touch with me and let me know your situation if you are interested. I am a licensed California R/E Broker.... more
As Keith Pierre stated, those are sites you could easily search and determine if any apartment will fit your criteria. If you'd need a personalized attention, please feel free to contact me at 626-757-9977.
All the best!... more
Typically in order to obtain a new Fannie Mae backed conforming loan, you must wait 2 years from the date your short sale closed. Unfortunately in this case you will not be able to co-sign for your Daughter at this point until 2 full years have elapsed. Here is some information for you in regards to short sale waiting times:
FHA has a three year wait period for borrowers who were in default at the time of the short sale (or pre-foreclosure sale). FHA tends to be a popular option as the minimum down payment is currently 3.5% and FHA is more forgiving with credit than Fannie or Freddie.
Fannie Mae has various wait periods depending on loan to value:
â€¢2 years with a minimum 20% down payment
â€¢4 years with a down payment of at least 10%
â€¢7 years with standard down payment guidelines (varies depending on credit scores)
Freddie Mac has a 4 year waiting period.
I hope this helps and if you have any other questions please feel free to contact me directly.
Prestige Realty & Investments
Sheron is correct. Rent for a one or two bedroom varies, but a realistic starting point is around $1,500. For a nicer place with upgrades, probably closer to $2,000. It9;s a great area for a student to live as it's central to shopping, freeways, libraries, parks, and is an area filled with students. If you're interested in getting some help in your search give me a call, I'm a Realtor who focuses on this area. In fact I live just down the street from Fair Oaks and Colorado so I know it well! 949-981-6675... more
Laura is incorrect I'm afraid. Featured listings are part of our Trulia Pro subscription rather than Local Ads, although you can use Local Ads to advertise individual listings.
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In this case, the Listing Agent can try to negotiate with the Bank but your best bet is probably to go to the City and see what needs to be done and go from there. For your loan, you39;ll probably need to have all the work done prior to Close of Escrow. I just had a situation where a home was thought to be okay but when we went to the City to pull permits, realized that a lot of the work hadn't been finaled so we had to work with the City to get that remedied so my Buyers loan would work. I would work your Lender with the City and the Listing Agent at the same time. Best of luck!... more
Hi David! 1906 Mission Street is a 1,169 square foot home, which sits on a 6,000 square foot lot. It has 2 bedrooms and 1 bath. It is in a great central location, although Mission Street is a bit busy. Without seeing the home and looking closely at the comparable sales in the neighborhood, it would be impossible to price the home with any kind of certainty. In an article that I wrote for my blog, the San Marino Real Estate Report http://thesanmarinorealestatereport.wordpress.com, called "The Search For Rock Bottom", I compared price per square foot in five prominent communities for the past four years. South Pasadena home prices held steady during the economic downturn and have hovered in the high $400's a square foot. Through May 31 of this year, the average price per square foot of homes in South Pas was $479. This will give you a baseline to look at.... more
I'm an agent and I live and work in South Pasadena. I agree with both answers below. Both places have many things to offer. However, I would like to add that South Pasadena has a fantastic public school system which is why most families chose to live here. This helps keep the property values high. This is an enormous plus when thinking for future re-sale value. There are not many towns in the metro LA area that can boast about their school system. It is something we are very proud of here in South Pasadena.... more
Keep an eye on the submitted offer and continue to look and submit offers for other short sales, REOs properties that fit your property criteria.
You don't have anything to loose by continuing looking and submitting other offers.
But...you will if you don't have an accepted contract by April 30, 20010....$8,000 home buyer tax credit for first time home buyer || or $6,500 if you're trading up...http://www.federalhousingtaxcredit.com/... more
I'm a South Pas resident. Do you children? There are 3 public elementary schools in the city, 1 middle school and 1 high school. Admissions to the elementary schools is based on the geographic location of your residence. All 3 elementary schools are excellent but I would daresay that most parents would want their kids to attend Marengo, then Monterey Hills, then Arroyo Vista. You need to find a rental in the geographic area served by the school you want your kids to attend. If your kids are in middle or high school it doesn't matter where you live in the city.
The value of the homes, and the cost of renting also varies with the location of the home to the elementary school district. The home prices and rents in the Marengo district are higher than the Arroyo Vista district.
The city is very walkable, but some locations are much more convenient than others so I would suggest you look at the property before signing the lease.
I don't think you'll find too many 2-br townhomes or homes for $2k/mo in South Pas. The rents are high because of the excellent schools.... more