What are home sales like in Walnut, California? The months of supply of homes for sale in Walnut, CA for the month of November 2010 shows a 5.3 month supply of homes to sell. From this time last year, the supply of homes for sale has increased by 27%.   The supply and demand for homes in Walnut shows us there were 21% more homes for sale this November than there were last November.  However, the demand from buyers for homes in Walnut is down 17%. The median sold price for homes in Walnut in November 2010 is up 11% since November 2009. Last November the median sales price overall was $550,000. In November 2010 whereas the median sales price rose to $610,000. So how long does it take to sell a home in Walnut? The average days on the market has increased since November 2009 by 70%. For Nov... 12/10/2010

WALNUT CA HOMES FOR SALE - $417,000 OR LESS       If you are looking for some 3 bedrooms 2 baths homes for sale in the City of Walnut California, below is a snapshot of some available listings that you may be interested in. The City of Walnut has quality schools (Walnut School District) and a great place to call home. With prices declining from the peaks of several years ago, this is a great time to get in on the buying as interest rates are still low. Check some of these ridiculously priced homes under $417,000.   $300,000     ~ 2000 sft     2-story  4bed/3bath home with nice views!! Huge potential!!   $370,000     ~ 1600 sft     3bed/2bath with upgraded kitchen!   $397,000     ~ 1500 sft     4bed/2bath, 4-car garage for all your toys!! Possible guest house can be built!   $409,999    ... 03/26/2010

Village of Snow Creek, Walnut CA - Great Parks and Homes   The City of Walnut, California is located in the San Gabriel Valley. It is highly sought after city due to the highly rated Walnut School District in the area. One particular section of Walnut is known as Snow Creek. This is a very desireable neighborhood due to the quality built homes and the ambient setting in this location. There are a total of 11 parks in the city of Walnut. Snow Creek Park is one of them and is a great place where you can bring the family along and have a picnic and relax for the weekend. There are horse trails available which makes it quite unique. Snow Creek Park has exceptional landscaping and many folks drop by the take pictures for a variety of occasions during the week and weekends. It is a great back... 03/25/2010

FHA's 3.5% down payment program and Fannie Mae's 3% down payment Home Path program may be hidden gems for buyers with high income but low savings. Loan Amount Down Payment Required   FHA's 3.5% down payment loan Fannie Mae's 3% home path loan $200,000 $7,000 $6,000 $300,000 $10,500 $9,000 $400,000 $14,000 $12,000 To find out if your income meets the loan qualification, you can contact any FHA approved loan agent. 01/02/2010

Market remains very strong for the month of November. Number of houses sold went drastically up in November comparing to November of the previous 2 years except for Phillips Ranch due to it's extreme shortage on inventory. Below are the charts of number of home sold in the past 3 years in the neighboring cities. 12/26/2009

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Below is a chart of percentage housing price changes in Chino Hills, Diamond Bar, Walnut and Phillips Ranch according to the newest data published by MDA DataQuick, a company that tracks housing price. Unlike most cities in Los Angeles where the 1 year percentage change are still in the negative, Walnut is up by 17.5%. Why is housing price holding so well in Walnut? Here are the main reasons: I. Top Ranked Schools Walnut School District is famed for it's top ranked schools. For parents who wants to send their school age children to great schools, Walnut becomes a top pick. II. City's Effort To Minimize Over Development With City of Walnut's effort in opposing over development in the city in the past decades, Walnut remains one of the nicest residential cities to live in with minimal com... 05/26/2009

With the new signs of economic recovery, we are seeing large amount of solid buyers/investors returning to the market with 20% to 50% down payment to look for bargains. The wave of purchase starting in March is causing a huge reduction of available homes for sale and subsequently driving the market price upward rapidly. Inventory is at all time low. Some cities such as Chino Hills and Phillips Ranch are having inventory level below one month supply. The market frenzy is further indicated by multiple offers on the same home driving purchase price upward to as high as 10% more than the asking price. Last week in Diamond Bar, a bank owned property on Silver Hawk received 30+ offers within 2 days it was listed for sale. According to the listing agent, bank chose an offer with offer price su... 05/24/2009

This article is found at: http://homebuying.about.com/od/sellingahouse/qt/sellwithpets.htm Almost everybody loves pets except the home buyer who is buying your house. Don't ask me why, but that's often how it works out. Home sellers who adore their pets -- and I count myself as a huge pet lover -- have a hard time imagining the negative attitudes others harbor against pets. So, while this might be a bitter pill to swallow, if you want to get top dollar for your house, pay attention to how much you might lose with a dog or cat in residence. Why Don't Home Buyers Like Your Pet? - Nervousness. Pets make some people very uncomfortable. Not everybody grew up with a family pet or enjoys outings at the zoo. Fur and four legs does not a human make. - Fear. Real and irrational. It's not only dog... 05/19/2009

After escrow opens, seller shall expecting the followings: 1. Visit by a termite inspector. 2. Visit by a property inspector that is send by the buyer. 3. Visit by an appraiser who will is send by the buyer's loan agent. 4. Receive escrow paper, sign it and send it back to escrow. 5. Respond to buyer's repair request. 6. Make an appointment with the escrow officer to sign and notarize the grand deed. 7. Receive a check from escrow. 04/14/2009

If you purchase a newly built home from March 1, 2009 to March 1, 2010 as a primary residence, you may be entitled to a new state tax credit for $10,000 or 5 percent of the purchase price, whichever is less. For example, if you purchase a $1.2 million dollar new home from Three Oaks in Walnut or Pine Valley Estates in Chino Hills, you may receive $10,000 state tax credit if you live in the house as primary residence for 2 years. The credit will be provided in equal amounts (up to $3,333) per year, over three successive tax years, beginning with the year the purchase is made. The taxpayer must live in the home as their principal residence for at least two years. If he/she does not, he/she will have to repay the credit. For more info or to file a claim, visit state's website. If you are f... 03/01/2009

I have closed several deals for my buyers that were short sales and have sold a few homes that are short sales and I still don't consider myself the expert of that trade. I don't truly understand how anyone can call themselves a Short Sale Expert even though I know that it's almost purely for marketing. That I understand and I do it myself. No Realtor or Broker can be an expert negotiator with the banks unless they want to spend all day on the phone and usually the TC department handles that part for the Realtors and Brokers alike. Even if you have a direct contact with the right person at the bank, they must be backed up with short sales and unless that particular short sale agent knows that you close a majority of your short sales then usually it waits like everyone elses. Sometimes t... 12/11/2008

This brand new 4Br/3Ba 2646 sq ft home in Walnut with Jacuzzi tub, lot over 10,000 sq ft, 180 degree city lights view, and Walnut schools is on sale for only $449,000.Builder just cut price by $200,000 to get rid of this inventory. There are also 2 other similar houses next door for sale at $675,000 and $684,900.Please contact Caroline Tsou at (626) 922-8408 if you would like to see this house. 04/02/2008

The approval of the Walnut Hills development by the City of Walnut (California) has many positive benefits for the community.  Putting the political and legal decision making process aside, there are many economic benefits that this development will bring to the citizens of this community.  This parcel of land belongs to a private entity, and there is no wide-scale public access to the 551 acre parcel.  The new development will have public hiking and equestrian trails, thereby making the property accessible to the entire community.  Once the property is fully developed and all homes are sold, the total value of the proposed 268 homes will exceed $500 million dollars.  The city will receive a tremendous increase in its tax revenue from this particular parcel of land.  These new tax reven... 07/30/2007