As many Pasadena area home buyers know, it's multiple offers every where you look.  Home supply inventory is at its lowest I've ever seen since getting in to real estate over 30 years ago.  So when an incredible opportunity comes along, I want to scream off the roof tops about it.  I present to you 1300 East Topeka in Pasadena's Historic Highlands neighborhood.  

It's a beautiful home that has been in the same family for over 30 years.  Unfortunately, the owner has passed and it is now sold as a probate sale that does not require court confirmation.  So... bring your contractor, paint brushes and roll up the sleeves to make it your own.  Listed for sale at only $850,000

It is set on a huge lot with a pool, sauna, and an above ground spa.  There's even space to build an ADU (accessary dwelling unit).  Charming California cottage with a bit of an English flare greets you to 4 bedrooms and 1 bath inside.  Formal dining room, living room with fireplace, cute as can be dining cove in the kitchen and much more.

Incredible opportunity to buy into one of the best areas of Pasadena. Pictures will be added shortly.  In the meantime, get more info at our sister Pasadena Views site and call me for more information at 626-629-8439.

Oh... and by the way, I just sold a home at 1680 Holliston Avenue, 3 houses down for $1,609,000 ($309,000 over asking price!)   

Please visit the custom property website for this home at www.1300Topeka.com

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so.

Traditional Home in Chapman Woods

Light-filled California Traditional with European touches throughout. Thoroughly renovated in 2015 by Studio Quartet, this home features custom carpentry, built-ins, recessed/designer sourced lighting throughout, and elegant finishes like Italian Carrara marble.

You are ready to buy your Pasadena home and you sit down to write a purchase offer with your agent. Prior to coming to the office, your Pasadena Real Estate Agent will ask you to bring your check book. Ok… in today’s day and age… no check book is necessary since the contracts now allow us to negotiate offers prior to deposit being delivered and deposited into escrow.  However the question still remains… 

Why? The offer has not even been accepted yet, so what is up with all this talk about deposits?

A housing market update from Keeping Current Matters, explains the effect of the 2018 tax reform.

"Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. 

Some new housing tax codes are in place and this post from Keeping Current Matters explains the impact it will have on the real estate market.

Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return.