Pasadena CA Real Estate

How much will I pay in property taxes when I buy my home in Pasadena?  How are property taxes calculated on an existing Pasadena home?

I've been getting a lot of property tax questions lately and decided to write a quick post about how consumers are affected when they buy a home in Pasadena or surrounding cities.

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Pasadena, CA - there's a lot of talk about "short sales" and foreclosures lately.  It's in the news.  Books are being published about short sales.  There are even radio commercials talking about short sales.

I think most people have a pretty good idea what a foreclosure is, but there's still quite a bit of confusion on what a short sale is.

A short sale simply means that a bank is willing to accept less money than what the owner owes on the property because the house can not sell at a price high enough to cover the mortgage fully. 

Here is a quick example:

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Huntington Terrace is a condominium complex in Monterey Hills. It consists of 3 stand-alone, 3 story buildings 4000 Via Marisol - 4040 Via Marisol - 4080 Via Marisol.

Huntington Terrace condo units are one level and depending on where the condo is located, you can have someone living above and/or below you.  Laundry hook ups are inside each unit as well as coin operated machines on each floor.

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Congratulations!  Escrow is closed and you just received the keys to your new Pasadena home.

Before you move into your new home, most Pasadena real estate agents will recommend that you change your keys.  Even though the home sellers were very nice and you know that they will never try to break into your home, how do you know how many home keys are out there cirulating with their family and friends.  Unless you want to take a chance on seeing a surprise guest, its time to change your keys.

As you are changing the cylinders out for your new home keys, consider the following:

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Earlier today, I had an appointment with a home seller in Pasadena.  He had his home listed on the market and in the period of two months had only a few showings.  His listing expired and he is now in the process of interviewing to find a Pasadena real estate agent that he can trust to handle the sale and marketing of his home.  A very smart move on his part given the diversity of experience in the Pasadena real estate market place.

His previous real estate agent entered his home in the Multiple Listing Service (MLS).  Thats great, right?  NO¦  The problem is that his real estate agent added his listing in the wrong MLS.   The Multiple Listing Service that provided listings of home in Los Angeles NOT Pasadena.

Pasadena Home Seller Tip:

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