Yes… it’s true. Pasadena real estate has been on fire in the last two weeks.
It seems like home buyers are finally realizing that Pasadena housing is now much more affordable. Interest rates have hit their lowest point in 40 years and Obama Stimulus Plan home purchase $8,000 credit makes that home purchase more and more attractive.
Lenders are not as tight with their money. FHA loans are available and Pasadena home buyers can purchase their homes with only 3.5% down AND there are special loans available to help with repair costs.
My new listing – a lovely starter Pasadena condo – was entered into the Multiple Listing Service and sold in 2 hours. And, 3 more offers came in immediately with real estate agents and their clients asking to be in the back up position.
Last week, I wrote five offers. In all five instances, there were multiple offers on the Pasadena homes in question. What kind of signal is the real estate market sending to you?
If you are undecided about whether it’s the right time to buy a home, now is definitely the time to get together and have a consultation with a real estate professional and a lender. See if it’s the right time for you to buy a Pasadena home. The market is definitely prime and you do not want to miss your opportunity!