La Habra Home Sales ~ Real Estate Market Update
4th Quarter Closings City of La Habra for 2009 vs. 2008:
- $327,445 Average Sales Price 2009 ~ Price Per Sq. Foot $205.95 ~ 48 Days on Market
- $344,425 Average Sales Price 2008 ~ Price Per Sq. Foot $197.95 ~ 76 Days on Market
Not all type of sales are the same:
2009 ~ 130 Total Closings~ 43% Standard Sales ~ 26% Bank Repos ~ 20% Short Sales ~ 11% Other
2008 ~ 154 Total Closing ~ 29% Standard sales ~ 41 % Bank Repos 19% Short Sales ~ 11% Other
In analyzing the info I think the numbers reflect several things:
(1) Sales for the first half of 2009 were at a record low, while sales at year-end increased dramatically, largely in anticipation of the expiration of the first-time home buyer credit.
(2) Bank repos sales were lower in 2009 vs. 2008 for several reasons, goverment imposed foreclosure moratorium, both federally and state, the Obama Work Out Plan in hopes of doing loan modification for home owners, and in my opinion, many lenders not wanting to add to the massive wave of foreclosures on their books.
If you’re looking to buy a home or sell a home in La Habra, contact me, direct or text 714 595-1494.
Posted by: Lynda Eisenmann | Filed in:
La Habra Market Report
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Short Sale In Orange County
Anyone in a short sale situation knows, it’s anything but short, and it’s anything but predictable.
In addition being in a short sale situation can be a stressful experience to say the least. No two are the same, however there are some common traits, at Preferred Home Brokers we do our best to help you get through the process.
Keeping you informed is step one, I hope you find this helpful:
- Your lender requires your entire application/package be submitted all at the same time.
- Your approval may be determined by a third-party negotiator (asset manager) for your lender who is most likely over-worked and has more on their plate than they can handle.
- Your approval process can be more difficult if there is more than one loan. Even if multiple loans were made by the same lender, you may have two completely different departments (locations) needed to approve the process.
- Your second lender won’t (and isn’t required to) roll over, they will expect some compensation/payoff to sign off.
- Your broker’s experience obviously is crucial, however (irrespective of what you may have heard from some) your broker does not have control of whether your lender will consent to the short payoff.
- Your broker will may not provide legal or tax advice, you are advised to see your own from the proper professional.
- Your lender (if approved after waiting months) will want a fast closing and condition the approval on a final last minute review of costs/expenses just days prior to closing.
- Your short sale addendum (to the purchase agreement) states you shall reasonably cooperate with the lender (s) in the short-sale process.
- Your buyer is not required to meet your lenders terms.
- Your buyer’s deposit check may or most like may not be placed into escrow until written approval is received from your lender.
- Your buyer may not stick it out, they may withdraw their offer at some point, depending on the length of time it takes.
- You and your buyer may incur some expenses during the escrow, i. e. inspection, appraisal, association documents. Etc.
As your REALTOR I will do everything possible to obtain approval, often working for months, with no assurance of compensation. My success is dependent on your success.
Preferred Home Brokers is an independently owned real estate brokerage with track record of more than 30 years of helping buyers buy and sellers sell homes.
Posted by: Lynda Eisenmann | Filed in:
Consumer Help
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Brea’s Art in Public places displays art work all over town.
- This piece “Jumping Deer” is one of my favorites. I see it everyday, it’s just 2 blocks from my home in north west Brea. Actual locations is the corner of Berry and Northwood at the corner of the Fieldstone Terrace Homes.
You can see the deer are ready for the holidays!
Posted via email from Living in SoCal
Posted by: Lynda Eisenmann | Filed in:
Brea
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I took this photo of the Christmas Tree (yes not a holiday tree, at least to me) in downtown Brea on Birch Street. It’s a small area of quaint shops, eateries, movie theaters and loft apartments. Also in walking distance to the nearby Ralph’s Market and RiteAide. Something for everyone in Down Town Brea, CA. 92821.
Check it out!
Posted by: Lynda Eisenmann | Filed in:
Brea
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Christmas is special in many way, and Christmas tamales are a favorite for 
so many of us. A few days ago I attended the Indio Tamale Festival (downtown Indio) in the desert area south of Palm Springs.
It was a great event to for people of all ages, it was like a street fair of great eats.
Here are a few photos I wanted to share. The admission was FREE, and some parking was free while other civic groups had great parking as a fundraiser.
Entertainment was provided on several different stages, I sat and listened to many myself. An
yway you look at it, the event was wonderful, so think about it for next year in beautiful downtown Indio, CA.
Not to be out-doubt done, we make our own tamales. Here’s a link to our video of a few weeks ago, our own “Tamale Time” in my kitchen.
Posted by: Lynda Eisenmann | Filed in:
Events
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