I recently consulted with a couple who are renting a home in Pasadena.  They own a home in Tujunga, but instead of selling it when they moved last year, they decided to rent it out, even though it represented a negative cash flow of $500/month. Why not wait to sell until the market ‘recovers?’ Their loan broker referred them to me when he realized what they were trying to accomplish would be impossible through conventional means. Given the economy, and the fact that his wife was struggling to build a new business for herself, they wanted to refinance the home (now investment property) so they could pull out $20,000 to put in savings for a rainy day.  It would also help subsidize the negative monthly cash flow. They bought the home for $250,000 and refinanced to a loan amount of $315,000... 06/05/2009

Do smart landlords and property managers hire a home stager to stage Los Angeles rentals?                   Yes, because they understand the value of having a beautiful guest house, apartment, condo or townhouse to show prospective tenants. It works the same way as home staging when selling a home. The better the rental looks, the more tenants you will have to choose from. Nicer people want and will be attracted to a nicer place to live. It’s that simple. As a smart landlord myself, and a professional home stager in Los Angeles, I always stage my rental properties in hopes of attracting the best tenants. Read more about hiring a home stager to stage Los Angeles rental property Los Angeles home staging company Moving Mountains Design, stages homes and rentals in Los Angeles, Pasadena, Ar... 05/21/2009

It's been a good year professionally for me, but rough emotionally, as anyone knows me well can attest. My father passed away recently after a long, and then abruptly sudden, illness.  He was surrounded by friends and family. He was home for his last week on earth, which was both a blessing and a terrible burden.  His comfort and his care were in our hands, and so our hands were trembling a lot.  More than once, I found my eyes meeting my mother's eyes and the weight of what we had to do was palpable.  It was present.  It was bad.  It was exhausting. But like all Truly Bad Things, it came with a nice thing sidecar. Through medication schedules and feedings and washings and diaper changes, I'm not sure how we slept or ate.  I just know that food showed up and the nap was offered and some... 04/15/2009

If you live in and around Pasadena, California no doubt you are familiar with the annual Pasadena Showcase House of Design. What began as a fundraiser in 1965, is now hailed as "the largest, most successful and one of the oldest house and garden tours in the U.S." Since 1948, over fifteen million dollars have been awarded in gifts and grants as a direct result of their efforts. This year's event starts on April 19 and goes through May 17. Each year, the volunteers at the Pasadena Showcase House for the Arts (formerly known as The Pasadena Junior Philharmonic Committee) select a house (translation: estate property) in the local area. The house is redone room-by-room, with each room decorated by a different designer who donates their time, efforts and materials. The gardens are also divid... 04/13/2009

Creative financing, creative property viewing . . . it's all good. Realtors need an increasingly diverse skill set to compete in today's market! 03/31/2009

There just aren't enough superlatives to describe the Pasadena home we staged last week. This is an owner occupied staging and we were fortunate to work with the homeowners beautiful furnishings. We added artwork & accessories from our extensive inventory. Here's the brochure for the home:                                           Contact the listing agent, Gerard Current at (626)893-5700 for more information about this magnificent one-of-a-kind home. You can also visit the web site www.524SouthGrand.com To read more: Pasadena Home Staging - Luxury Living At Its Best The home will be open this Thursday, April 2, 2009 for Brokers Caravan and thereafter by appointment. All photos were taken by Michelle Minch ©2009 Michelle Minch and Moving Mountains Design   Michelle Minch is an award win... 03/31/2009

Staging An Occupied Pasadena Home With Art & Accessories Here's some photos from our latest Pasadena home staging project. Moving Mountains Design was hired by the homeowner/listing agent to "add the icing" to this beautiful home. As this was an occupied home staging, we used the homeowner's existing furniture and some accessories, and brought in art work, silk plants and additional accessories from our extensive inventory. We were very fortunate that the homeowner had some lovely pieces for us to stage with.                                                                                               ©2009 Michelle Minch & Moving Mountains Design - We know what makes homes sell! Michelle Minch is an award winning designer and Los Angeles home stager.  Please visit our Los Angeles home ... 03/27/2009

I think it is time to toot my own horn. I have helped many homeowners and I just wanted to show this letter from a client I helped get his first home last month. March 25, 2009 Dear Mortgage Shoppers, SUBJECT: JUAN CEPEDA, MORTGAGE BROKER We would like to quickly tell you about our excellent experience working with Juan Cepeda as our mortgage broker. My wife and I recently bought our first home, and Juan Cepeda got us a very low 30-year fixed mortgage rate. Before we found Juan, we were working with a major bank and an independent mortgage broker discussing rates and terms. Since we were not totally satisfied with what either the bank or broker were able to offer, we came across Juan’s web page and sent him an email. He quickly gave us all the information that we wanted, and explained w... 03/25/2009

West San Gabriel Valley      February  2009 Pasadena, Altadena, South Pasadena, and San Marino   Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.    The Market Index continued to drop to 0.20 from 0.22, compared to 0.15 last year.   New Listings - 204 new listings, even with last month's 199.  Last year there were 256.    Pending Listings - 88 listings opened escrow, compared to 77 last month, versus 67 last year.    Pending Ratio - 0.43, up from 0.39 last month, up from last year's 0.26 pending ratio.   Listing Inventory - 797 listings on the market, up slightly from 770 last month.  Last year we had 859.   Sold Listings -75 properties sold, down from 93 last month.  Last year 65 homes sold.  ... 03/19/2009

It's been an interesting couple of weeks. I've been getting multiple phone calls from home buyers finding my real estate websites and contacting me for more information on homes that they are interested in. That's great! Except for, most of these home buyers are doing research for their part time real estate agents. The phone call goes something like this: Scenario #1 Home Buyer: Hi, I wanted to get more information on 1234 Main Street. I saw it on your website and wanted to see if you can show it to me. Me: That's great. I would love to help. May I ask you, are you currently working with a real estate agent? Home Buyer: mmm... yes... but, my real estate agent doesn't have time to show me the home. He or she is very busy. Can you please schedule an appointment for me. Scenario #2 Home B... 03/13/2009

LinksPasadena Home Staging InfoLos Angeles Home Staging InfoPhoto GalleryLos AngelesArcadiaSilverlakeSanta MonicaKoreatownArcadiaSan MarinoSilverlakeDescriptionIf you are thinking of selling your Los Angeles or Pasadena home, staging by Moving Mountains Design will help you get your home in top market condition. When you put your Los Angeles home on the market, you are entering it in a beauty contest. The best looking homes sell faster and for a better price. Home buyers today are looking for turn-key homes, homes they can move into without having to invest money in painting, carpeting and repairs. Moving Mountains Design home stagers will help you get your home or listing into tip-top shape and enhance it with furniture, rugs and accessories so that potential buyers will choose your ho... 03/07/2009

West San Gabriel Valley      January  2009 Pasadena, Altadena, South Pasadena, and San Marino   Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.    The Market Index crashed back down to 0.22, down from  0.33.   New Listings - 199 new listings, almost double the  105 from last month. Last year there were 262.    Pending Listings - 77 listings opened escrow, compared to 65 last month, versus 55 last year.    Pending Ratio - 0.39 down from 0.62 last month, up from last year's 0.21 pending ratio.   Listing Inventory - 770 listings on the market, down from 605 last month.  Last year we had 776.   Sold Listings -93 properties sold, down from 133 last month.  Last year 73 homes sold.   Average Sales P... 02/26/2009

02/21/2009

If you enjoy art, and you enjoy a FREE event, then mark your calendar! On Friday, March 13 from 6 to 10 pm you can enjoy art and music throughout Pasadena. There is free transportation between the venues. For additional information, visit the website: ArtNight Pasadena ************************** For additional information on Pasadena, or on Pasadena real estate, please contact Fran and Rowena of Dilbeck Realtors GMAC at (818) 952-0077.Fran and Rowena serve the greater Foothills communities of La Canada (also known as La Canada Flintridge), La Crescenta, Pasadena, Sunland, Tujunga, Glendale, South Pasadena, Altadena, Arcadia, Sierra Madre, San Marino, and the greater Los Angeles area.Dilbeck Realtors is independently owned and operated. 02/20/2009

Staging to sell by Moving Mountains Design took this modern Pasadena Architect designed home from last centruy to NOW!     Living room before home staging                           Living room after stagingLast November, a Pasadena Realtor I frequently work with, Judy Rubin, asked me to consult with a client to prepare their contemporary home for sale. This is one of the most unique and interesting Pasadena homes I had ever been asked to stage. Designed in the 1970's by the Architect residents, the house has a very open floor plan with many unique features. Trouble was, after almost 40 years of residency, and sheltering a family with three children and multiple grandchildren, the home was full of 'memories' that masked the true beauty of the contmeporary International style architecture... 02/01/2009

Staged Pasadena home sells in 5 days! I called the Listing Agent of a Pasadena cottage we staged 2 weeks ago, just to check in and lend support where needed. The listing agent told me that they got an offer after 5 days on the market and the house was now in escrow! The listing agent paid for the staging and we only staged the living room, dining room and kitchen to keep costs down. It is rare for the LA to pay for the staging, at least among the agents I work with, but this listing agent and her investor client have an ongoing relationship with multiple buys and sales between them. The house was a 3 bedroom, 2 bathroom house that is owned by an investor who fixes and flips 'em and was listed for $840,000.00. This was such a small, quickie job for us, I didn't even take before and after... 12/20/2008

When looking to buy a home, you don't need a Buyer's Agent, right? Wrong!!!! 7 Reasons why you should hire a Real Estate Professional BEFORE you start the home search process. As Realtors, we are your advocates. It is our job to inform you. To keep you up-to-date with the latest trends. To let you know what's going on in the real estate market. Since we see many properties on a weekly basis, we know the good deals from the bad. We know how to guide you through a transaction with the least amount of headaches. We know how to find you that special property, faster than you would on your own. And when you do find that home that interests you, we know how to protect and negotiate with your best interest. Here are the main roles of your Realtor and why you should hire one before you start t... 11/30/2008

Last week, I was privileged to attend a presentation by Leslie Appleton-Young.  Leslie is the Vice President of California Association of Realtors and their Chief Economist. I have never heard Leslie speak before and was surprised with her vibrant personality and down to earth style.  it's always hard to deliver bad news to a room full of Pasadena realtors, but she did with style and ease. It turns out that Leslie is a resident of Pasadena and has been living in our community for the last year and a half.  Pretty exciting for me since I'm hoping that I'll run into her one day at Pete's and will have an opportunity to pick her brain a bit.  I will be writing a post over the next few days to share my thoughts on real estate market expectations for 2009 in Pasadena, but in the meantime, he... 11/25/2008

Here's the latest and greatest report for Pasadena's real estate market inclusive of statistics going back to August 2008. Pasadena's real estate inventory of homes has decreased in October to 127 units overall - inclusive of single family residences, condos and townhomes.  It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from.  The sales have closed strongly in October at 117 units.  Next month, we will see a marked decrease in this number as evidenced by the decline in the Pasadena home buyers going into escrow in October. This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports.  Median home sales price... 11/24/2008

This is the time for note professionals to shine. Our expertise can make a meaningful contribution to the economy. I got an email from Kay, who found me as a result of an Investor’s Business Daily interview: Seller Financing Can Seal the Deal in Rough Market. She was thrilled, and so was I, that we only lived 5 miles apart. (It’s always fun when you get to work with people in your own back yard). She and her husband had an escrow that was falling apart, and they asked me to step in and put it back together. If this deal didn’t close, then they would most likely lose at least another $50,000 on this southbound investment. Here’s the scoop: A British buyer had originally made an all cash offer on a $764,000 home. He put down a non-refundable deposit of $24,000, and was willing to walk awa... 11/20/2008