Just so you know, I'm posting today's blog from a Toyota dealership!
Sell first, then buy. Or vice versa? Homeowners agonize over decisions about timing. In today's tight market, purchase offers made contingent upon the sale of another home often are dismissed out of hand. This leaves home buyers to consider such questions as: Can they afford two mortgages if their old home doesn't sell quickly? Should they apply for a home-equity line of credit or a bridge loan to see them through the transactions? Are they willing to move into a rental temporarily, if they must? And, if they sell and don't find a house to buy, how unhappy will they be sitting on the real estate sidelines while the market appreciates without them? Click here to read more.
Housing prices in Riverside have risen along with the rest of the Southland, but it's still possible to buy a family-sized house for $350,000 to $400,000 in the Magnolia Center area. Most new housing in Riverside is going up on hills to the east, extending toward March Air Reserve Base. But there are some infill projects, including one by MDC Holdings under the banner of Richmond American Homes. Their Liberty Square project on Dewey Avenue will offer 55 three- and four-bedroom homes of up to 2,043 square feet, starting around $375,000, according to Emily Hetrick, an MDC spokeswoman. Residents, however, will have to tolerate increasing train traffic along Union Pacific railroad's main line, which parallels Dewey. On the plus side, although many Southland cities advertise themselves as "family friendly," Riverside claims to be one of the nation's first "senior-friendly" communities. The Magnolia Center neighborhood has a large share of the city's senior housing and activities. The spacious and modern Janet Goeske Senior Center on Sierra Street at Streeter Avenue is adjacent to a 162-unit senior housing complex that offers subsidized apartments ranging from $313 to $626 a month. A few blocks away on Central Avenue, Raincross Senior Village is under construction and is expected to open in May. The project will offer 168 market-rate units, 74 assisted-living apartments and 22 garden cottages of up to 1,200 square feet. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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