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Riverside, CA Real Estate News

By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Hot Buys ++ My top 10 list of favorite listings - Houses for Sale in Riverside CA I check the new listings and sold houses  in Riverside and Corona just about every single day.  Since I’m “in there” (the multiple listing service) so much, it seems like a good idea to put together a list of my favorite hot buys of houses currently for sale in Riverside California.   Below is the list of my top 10 favorite houses for sale in Riverside priced between $200,000 and $250,000 as of today, November 16, 2011.  Address and Zip Code List Price House Size Type of Sale 7910 Olivia, 92509 $204,300 2096 sq ft REO ** 5360 Dunlop, 92505 $209,900 1378 sq ft Standard 10815 Kloiber St, 92505 $209,900 1411 sq ft Standard 5182 Sierra Cross, 92509 $210,000 1672 sq ft Standard 5150 Hallmark, 92505 $214,900 167...
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By Devona Garrigus, REALTOR® / Short Sale Specialist
(Garrigus Real Estate)
Stop Foreclosure in Riverside CA Just spend five minutes talking to us on the phone and you'll find out how we can help you avoid foreclosure in Riverside CA. We will evaluate your situation and supply immediate short sale options. We work directly with your lender(s) on your behalf to stop foreclosure and pursue a short sale, FREE! Our real estate services cost you nothing. The bank(s) pay us from the proceeds of the sale. No Short Cuts, Just Results We have the experience to stop foreclosures. In fact, we’ve negotiated dozens of short sales successfully, helping our clients get out of bad situations and get their financial lives back on track. We have relationships with lenders and banks that enable us to find solutions where other short sale negotiators cannot. We can help you: Stop...
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By Greg Cook, Mortgage Consultant NMLS ID# 283159
(Platinum Home Mortgage)
First time home buyers face a number of challenges in their quest to make that big move from renter to first time home owner. More than 70% of Americans say that owning a home is still a good investment and the tax benefits make it a better choice than renting. One of those challenges doesn’t have to be lack of down paymentand to help first time home buyers the City of Riverside recently announced their first time home buyer/down payment assistance program for homes within the City limits of Riverside. The City of Riverside down payment assistance program specifically targets “low income families”, those with income at 80% AMI (adjust median income) based on family size.   To qualify: You must be a first time home buyer (or not owned a home in the last 3 years) You must be a US Citizen ...
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By Kristal Wilson, Cause We Like 'Em New ~ New Home Specialist!
(KB Home)
New Home Communities Market Report for Riverside, CA  or subtitled "New Home Communities Holding-On in Riverside, CA" Active: 18 Pending: 8 Closed: 1 Some have referred to Riverside, CA as a bedroom community, or as my daughter describes it the "boonies." However I enjoy living in Riverside, CA which was once the thriving heart of new construction in the Inland Empire. Now despite the doom and gloom of naysayers new home construction continues to hold on in Riverside. Sales no longer zoom with faster than light fleetness but they continue. As proof I offer the following communities: Cielo by Richmond American Homes - a mountain top community surrounded by rolling hills, and offering city views. The pricing ranges from the 400's and up with single-story and two story floorplans. Riverwal...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverside CA Real Estate Activity - 11/7/11 As of November 7, 2011 Active Listings % of Total Pending Listings % of Total Sold Listings (in the last 30 days) % of Total Standard Sales 447 40% 156 22.7% 103 33.6% Bank Owned Sales (REO) 167 15% 174 25.3% 105 34.3% Short Sales 505 45% 346 50.3% 98 32.0% Other 4 .035% 11 1.6% 0   Total 1123   687   306   People are often curious about what is happening in real estate in their community. Here is a snapshot of real estate in Riverside CA.  This chart includes listings and sales of single family residences only. Short sales are still the dominating force of the market right now based on the continuing high numbers of short sales for sale and pending short sales.  (I did not include the many short sales in back-up status currently in this char...
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By Kristal Wilson, Cause We Like 'Em New ~ New Home Specialist!
(KB Home)
Orangecrest Riverside Real Estate - October 2011 Active Listings: 34 Pending Listings: 29 Closed Listings: 7 What does this mean for you? It is typical for real estate sales to slow as we begin to move towards the holiday season however real estate activity in Orangecrest Riverside, remains brisk. We saw seven new listings (5 short sale listings) during the month of October. Which indicates we are not in a traditional selling cycle. Distressed Sales continue to dominate the Orangecrest Riverside market due to the large number of homes built from 2001 and forward. Many newer homes & subdivisions are underwater (or the homeowner owes more on the home than current market value) as we continue to watch the market adjusting. Short Sales and bank owned properties will continue to be a large p...
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By James Muhammad, RE/MAX Vision
(RE/MAX Champions)
What Will Happen If I do A Short Sale? Short Sales Riverside CA To Short Sale or Not to Short Sale in Riverside CA   What is a brief definition of a Short Sale? A Short Sale is a sale of real estate in which proceeds from the Short Sale are less than what’s owed on the properties mortgage.In this current real estate market Short Sales in Riverside CA, also known as Short Pays are the most common listings for sale on the market in Riverside CA. Foreclosure statistics show that Short Sell homes in Riverside CA and around the country this year will be well over 2.5 million in inventory.Lenders / banks are very motivated to agree to Short Sales in Riverside CA when they have analyzed the situation and are convinced by the Short Sale listing agent, that losses related to a Short Sale in Rive...
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By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
Riverside Real Estate The Riverside real estate market has been extremely volatile in the past few years, from foreclosures, short sales and standard sales as well. But Riverside real estate transactions are still happening in spite of the market crash and tough market conditions. While it is true that many unfortunate Riverside homeowners are losing their properties to foreclosure, foreclosing banks and lenders are not in any hurry to list their Riverside foreclosed assets for sale. Banks have slowed the resale of their Riverside foreclosures to a trickle to keep the real estate marketplace competitive for buyers and to not flood the supply. It is a great time to buy Riverside real estate if you have the resources to do so, but there are many buyers and investors buying foreclosures. ...
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By Kristal Wilson, Cause We Like 'Em New ~ New Home Specialist!
(KB Home)
Lake Hills Reserve Real Estate October 2011 The Lake Hills Reserve is a 750 acre masterplanned community nestled in the mountains of Riverside. Conveniently located near the 91 & 15 freeways providing easy access to Orange County and Los Angeles.  Panoramic city views, rolling hills and 500 acres of dedicated open space are features of this beautiful community. The community consist of homes built during two different time periods. Older homes built from 1985 and newer construction built during 2004 forward. This report is based on MLS data for newer & new construction homes.   Active Listings: 11 (6 Short Sales - 2 REO's - 3 Standard Sales) Pendings: 7 Closed Sales: 2 New Construction: 4 Average price per square foot: $112   Average Price: $414,000  Average Days on Market: 145   While ...
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Riverside is strategically located at the crossroads in Southern California offering a blend of small town charm and hospitality with the vision, energy and creativity of a rapidly developing metropolitan area. Ranked as the 6th largest city in Southern California and the 12th largest in California, Riverside is a hub of higher education with four internationally recognized universities and colleges located here serving more than 50,000 students.
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By Sidney Kutchuk, Property Management & Sales Experts 951-217-6745
(Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745)
Chase Incentive Short Sale Letters   JP Morgan Chase has been sending out Short Sale incentive letters to selected homeownersoffering the homeowner up to $20,000 to cooperate with a local short sale agent to sell their house. The incentive is paid at the close of escrow and the deficiency owned Chase is forgiven.  Here is a link to a Chase short sale letter sent to a client in San Diego. If you have received this offer from Chase call me 951-217-6745 ,I am a Chase Short Sale Specialist. This is a FREE service.
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By Devona Garrigus, REALTOR® / Short Sale Specialist
(Garrigus Real Estate)
Garrigus Real Estate | Coldwell Banker Kivett Teeters | garrigusrealestate@yahoo.com | (951) 490-3683 17303 Woodentree LN, Riverside, CA Beautiful Victoria Grove home in Riverside Located in Riverside CA Gated Community Near Schools and Shopping. 4BR/2+1BA Single Family House offered at $288,400 Year Built 2002 Sq Footage 2,649 Bedrooms 4 Bathrooms 2 full, 1 partial Floors Unspecified Parking 3 Car garage Lot Size 9,147 sqft HOA/Maint $132 per month DESCRIPTION Beautiful Victoria Grove home in Riverside CA. BUYER JUST WALKED! NEED OFFER A.S.A.P.! Custom paint throughout, fireplace located in the family room, ceiling fans in all the rooms, walk-in pantry, plantation shutters, master bedroom with master bathroom featuring a large soaking tub and separate shower with a walk-in closet. The...
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Canadians need to educate themselves about what is involved with owning real estate in another country, such as the following: 1. Income taxes - how much, when, and how paid? 2. Non resident taxes - do they apply? If so, is there a way to avoid? 3. Decide how to best own the property - ways to own and take title 4. Learn what sort of non-tax reporting is required by the United State and Canada 5. Locate an experienced cross border professional 6. If necessary, have an attorney establish the proper US business entity to hold the property 7. Obtain Employer Identification Number and/or Individual Taxpayer Identification Numner as appropriate 8. Locate an experienced realtor who also has experience working with Canadians 9. If needed identify lending sources 10. When selling a property tha...
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Victoria Grove Real Estate - Riverside CA   If you are interested in current real estate activity in Victoria Grove Riverside CA, read on.  This information is as of October 6, 2011. Victoria Grove is a beautiful gated community in the Southwest part of Riverside California - near Lake Mathews.  It is about about three miles south of the 91 freeway on La Sierra Ave.  It is a very nice community with wonderful residents and great community amenities - and is one of my favorite neighborhoods in Riverside. Active Listings There are 24 houses currently for sale (active listings on the multiple listing service) right now in Victoria Grove in Riverside California.  Of the houses currently for sale, 12 are short sales and 12 are standard sales. There aren't any REO (bank owned - foreclosure) l...
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By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
RIVERSIDE REAL ESTATE AGENTS Call Us Now: 1 (888) 9-LIST-IT Are you like many homeowners in Riverside having trouble paying your mortgage every month? You may be behind in your mortgage payment, or not behind yet. Don't let foreclosure happen to you. Hire the best Riverside Real Estate Agents to help you with your difficult situation FREE OF CHARGE! We are Riverside real estate agents, and we have extensive real estate experience and success negotiating with dozens of the nation's mortgage lenders and banks. Whether you have one, two or more mortgage loans, we can offer you many short sale options and information. Our Riverside real estate agents assist homeowners throughout Southern California every day, including all areas and cities of Riverside and San Bernardino Counties, in Califo...
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By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
  RIVERSIDE SHORT SALE AGENTS HELP AVOID FORECLOSURE   Don't make the biggest mistake ever... Do not let the bank foreclose on your Riverside home! Loan modification is a temporary fix and can still leave you with negative equity.   A BETTER SOLUTION IS TO SHORT SALE YOUR RIVERSIDE HOUSE   A short sale can let your deficiency be forgiven In most cases a short sale can leave you with no tax liability Our short sale real estate services are at no cost to you And we can help you get out of your bad situation   Don't be fooled! The bank will come after you and foreclose your Riverside house. They may even be able to get a judgment against you AFTER the foreclosure for the negative deficiency, which could be tens of thousands of dollars! But what is the difference between a foreclosure and a...
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By Melanie Serrato, CA Realtor - Corona-Norco-Eastvale Homes
(Melanie Serrato, Rawlings Realty ~Corona, Norco, Eastvale Ca)
Thinking of Buying a Short Sale Property in Riverside, CA?  Get Some Expert Assistance! I'm working with a client right now that has very specific parameters for their investment home purchase in Riverside, CA.  We've met for a buyer consultation, evaluated several opportunities on paper to see how they line up with investment goals, and toured a few houses to see how reality matches up with the numbers on paper.   Bottom line ... the property this person is looking for won't come along every day, but we'll be able to meet the parameters with a little patience and a plan to be ready when the right property comes along.   Today, this client contacted me about a short sale property he found online.  I looked up the property information on the MLS, checked out the tax records to see what ...
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By Cameron Novak, Real Estate Broker since 2008
(The Homefinding Center)
Don't miss this chance to see a legend perform!  You may not ever have another chance to see B.B. King LIVE! He will be performing tonight with special guest Kenny Wayne Shepard at The Fox in Riverside, California. Show starts at 7:30pm and there are a few tickets still available by calling the box office directly (Ticketmaster is sold out).
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By Vicki Pedersen, Providing Exceptional Real Estate Service
(Pedersen Real Estate)
Riverwalk - Riverside CA is a beautiful community in the southwestern part of Riverside, California. It is in a convenient location close to the 91 freeway, near Pierce and Collett. It is also close to shopping, schools and La Sierra University. Riverwalk homes were built over several years - from about 2001 through 2005.  Riverwalk - Riverside CA  I really like Riverwalk and its great location.  I have buyer clients who just closed on a terrific REO house this week in Riverwalk and they are very excited about their new house. Real estate market in Riverwalk Riverside CA. Active listings:As of September 23, 2011, there are 21 homes listed as active on the Multiple Listing Service.  17 are short sales, two are bank-owned houses (REO's) and two are standard sales.  The least expensive Riv...
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By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Bank of America Outreach Event Thursday, September 29th through Saturday, October 1st in Riverside, CAIf you are one of the thousands of homeowners seeking a resolve and answers to a loan modification with Bank of America, you might try attending their Customer Outreach Event Thursday, September 29th through Saturday, October 1st in Riverside, CA.  There will be home loan specialists available to speak in-person with customers. Registration is suggested at www.bankofamerica.com/homeownerevent or by calling 1-855-201-7426 to receive event information and to schedule an arrival time. Customers must bring monthly income financial statements and expenses for all borrowers on the loan.The event will be held at the Riverside Convention Center at 3443 Ornage Street, Riverside, CA 92501.Keisha ...
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