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Market Conditions in West Covina : Real Estate Advice

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Activity 1
Mon Jan 14, 2013
Bill Mota answered:

This property in South Hills Area of West Covina was on the market briefly on Jan 4th 2013 - but just for 4 days. And, with an asking price of $1,350,000. There are currently 4 loans on the property totaling $1,245,000 so any price under $1,300,000 would probably be a short sale. The price mentioned on Trulia ($1,147,000) may be the balance owing on just the first trust deed. My advice - steer away from short sales as they typically take 6-8 MONTHS before you can even open escrow.

There are some other "standard" sales of similar homes for sale - please feel free to contact me if you would like me to send you additional information on those properties.

P.S. - I worked in West Covina for over 10 years so I am very familiar with this tract of newer homes - many have amazing 180 degree views.

Hope to hear from you soon.

Bill Mota
Broker Associate
Sellstate Pacific Realty
317 E. Foothill Blvd #201
Arcadia, CA 91006
626) 233-0190 email
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