Bank-owned properties and short sales continue to add to the number of homes on the market in Claremont. The local multiple listing service reported 156 homes for sale on Oct. 21.
Of the homes offered for sale, 103 are single-family homes with no monthly association fees and 53 are condos, townhomes or single-family homes in homeowner associations. Seven homes are in escrow, according to the IMRMLS.
The large number of bank-owned and short-sale properties are for sale, providing home shoppers a wide variety of homes in all price ranges. With many bank-owned properties sitting vacant, home buyers who are ready to act can close escrow quickly.
Offers on short-sale properties generally take much longer. The lender must approve any short-sale offer. Because the anticipated proceeds from the sale are less than the loan amount, a committee reviews offers and decides how much less is acceptable. It may take a month or more to receive a response to an offer.
If you are considering buying a home, my team can smooth the road to home ownership by helping you get loan approval and finding a comfortable home with payments you can afford.
Are you renting? Buying a home may actually put more money in your pocket. I can help you decide if buying your own home makes sense. First-time home buyers can benefit from government and private programs that can help them purchase an affordable home and build equity instead of paying rent.
I am offering a FREE "How You Can Attain Your Dream of Owning Your Own Home" Seminar this month with James Jackson, a Realtor since 1959, and Cornelius Brown, a senior loan consultant with Mission Hills Mortgage Bankers. There is no charge and no obligation. This is a community service. For more information, call Ila Josephs, Tarbell, Realtors, at (909) 261-3541.
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