From time to time and it seems as though especially during the current market, you will see price reductions becoming more prevalent.  We have had price reductions on 3 of our listings this week. There can be many different reasons that you might have a price reduction.  For instance…

1) 2503 Fairgreen, Monrovia  –  the current owner has purchased another home and just entered escrow.  Price reduction $16,000.

2) 735 Arcadia Ave. #C, Arcadia – the owners of this home feel that it is important to get this home into escrow while there is still sufficient time for the new purchaser to enroll in school. Price Reduction $10,000.

3) 1998 ½  Buena Vista, Duarte  –  the owner lives out of the area and has had the home on the market since February and has decided it is time to cut their losses.  Price reduction $11,500.

What does all of this mean?  It means that in spite of all the doom and gloom forecasts this can still be a time to happen upon tremendous deals and end up with a home that you would never have been able to afford in the past.

As they say…”timing is everything”