[New Guy]

Congratulations on the job offer.

I am very familiar with the area having grown up in the surrounding area and currently residing in Glendora.

In terms of demographics, I don’t know that there is a high concentration of Indians in the area but you should be able to find the niche areas in the vicinity. As the other posters have suggested, there are a few excellent areas to choose from.

The city of San Dimas is nice but dominated with 70’s and 80’s tracks which I am not a big fan of. The theme of the city is also that of stables/ranches so you’ll see that theme carry across the city. Also, on paper, a majority of lot sizes will sound huge but most of the properties are built on hills and generally, the usable lot is a lot less. The city stretches pretty wide from north of the 210 freeway all the way south to the 10 freeway along the 57. Great parks and recreational areas including Bonelli Park where Raging Waters is located and includes fishing areas and camping areas.

Glendora has very highly rated schools (one of the biggest factors in my decision) and has some great neighborhoods specifically in North Glendora.

Some pockets of Covina and West Covina are very nice but I would stick to the South Hills area if you consider these cities.

La Verne has a lot of charm with a good “bang for your buck” and also has very highly rated schools (Bonita school district).

Further east, Claremont has it all with great schools and neighborhoods. The Claremont colleges also give the city a vibrant feel to it. While it is not far from San Dimas (less than 10 miles), you would likely need to commute on the 210 freeway which is brutal during rush hour.

Since you have a school aged child, I recommend using greatschools.org as a resource that gives you school ratings and test scores for any neighborhood.

Good Luck!

[New Guy]

Thanks for the input Analyst. I’ll definitely keep all your points in mind.

This is a bit of a “sweet heart” deal due to the family friend tie. The owner’s father passed away some months ago and left this house to his son. At this point the son just wants to unload the house – and I agree that people don’t generally leave that kind of money on the table regardless of the circumstance. The 20% figure was just a number that I estimated based upon my own research. A friend of mine pulled recent comps in the area and I know the area very well also. Based upon this info., I figure the house could sell today for $290-300k and the number being kicked around for the sale is $240k.

As for the condition, I am going to make the deal contingent on a home inspection but what I do know is the roof is newer (5-7 years old), and the seller did say that the plumbing is functional but needs to be updated since it is galvanized steel. The house is on a raised foundation and I am going to primarily rely on the inspection to find out about the electrical, HVAC and pest/termite issues.

The house has been maintained well but you never know what lies beneath.

In terms of the house specs:
Location – LA County
Sq. ft. – 1600 house, 7000 lot
Year built – 1954
3 bd / 2 ba

All this said, I am proceeding with caution but don’t think this person is concealing any deal breaking info. since there is a family tie.

[New Guy]

Thanks for the input Analyst. I’ll definitely keep all your points in mind.

This is a bit of a “sweet heart” deal due to the family friend tie. The owner’s father passed away some months ago and left this house to his son. At this point the son just wants to unload the house – and I agree that people don’t generally leave that kind of money on the table regardless of the circumstance. The 20% figure was just a number that I estimated based upon my own research. A friend of mine pulled recent comps in the area and I know the area very well also. Based upon this info., I figure the house could sell today for $290-300k and the number being kicked around for the sale is $240k.

As for the condition, I am going to make the deal contingent on a home inspection but what I do know is the roof is newer (5-7 years old), and the seller did say that the plumbing is functional but needs to be updated since it is galvanized steel. The house is on a raised foundation and I am going to primarily rely on the inspection to find out about the electrical, HVAC and pest/termite issues.

The house has been maintained well but you never know what lies beneath.

In terms of the house specs:
Location – LA County
Sq. ft. – 1600 house, 7000 lot
Year built – 1954
3 bd / 2 ba

All this said, I am proceeding with caution but don’t think this person is concealing any deal breaking info. since there is a family tie.

[New Guy]

Thanks for the input Analyst. I’ll definitely keep all your points in mind.

This is a bit of a “sweet heart” deal due to the family friend tie. The owner’s father passed away some months ago and left this house to his son. At this point the son just wants to unload the house – and I agree that people don’t generally leave that kind of money on the table regardless of the circumstance. The 20% figure was just a number that I estimated based upon my own research. A friend of mine pulled recent comps in the area and I know the area very well also. Based upon this info., I figure the house could sell today for $290-300k and the number being kicked around for the sale is $240k.

As for the condition, I am going to make the deal contingent on a home inspection but what I do know is the roof is newer (5-7 years old), and the seller did say that the plumbing is functional but needs to be updated since it is galvanized steel. The house is on a raised foundation and I am going to primarily rely on the inspection to find out about the electrical, HVAC and pest/termite issues.

The house has been maintained well but you never know what lies beneath.

In terms of the house specs:
Location – LA County
Sq. ft. – 1600 house, 7000 lot
Year built – 1954
3 bd / 2 ba

All this said, I am proceeding with caution but don’t think this person is concealing any deal breaking info. since there is a family tie.

[New Guy]

Thanks for the input Analyst. I’ll definitely keep all your points in mind.

This is a bit of a “sweet heart” deal due to the family friend tie. The owner’s father passed away some months ago and left this house to his son. At this point the son just wants to unload the house – and I agree that people don’t generally leave that kind of money on the table regardless of the circumstance. The 20% figure was just a number that I estimated based upon my own research. A friend of mine pulled recent comps in the area and I know the area very well also. Based upon this info., I figure the house could sell today for $290-300k and the number being kicked around for the sale is $240k.

As for the condition, I am going to make the deal contingent on a home inspection but what I do know is the roof is newer (5-7 years old), and the seller did say that the plumbing is functional but needs to be updated since it is galvanized steel. The house is on a raised foundation and I am going to primarily rely on the inspection to find out about the electrical, HVAC and pest/termite issues.

The house has been maintained well but you never know what lies beneath.

In terms of the house specs:
Location – LA County
Sq. ft. – 1600 house, 7000 lot
Year built – 1954
3 bd / 2 ba

All this said, I am proceeding with caution but don’t think this person is concealing any deal breaking info. since there is a family tie.

[New Guy]

Thanks for the input Analyst. I’ll definitely keep all your points in mind.

This is a bit of a “sweet heart” deal due to the family friend tie. The owner’s father passed away some months ago and left this house to his son. At this point the son just wants to unload the house – and I agree that people don’t generally leave that kind of money on the table regardless of the circumstance. The 20% figure was just a number that I estimated based upon my own research. A friend of mine pulled recent comps in the area and I know the area very well also. Based upon this info., I figure the house could sell today for $290-300k and the number being kicked around for the sale is $240k.

As for the condition, I am going to make the deal contingent on a home inspection but what I do know is the roof is newer (5-7 years old), and the seller did say that the plumbing is functional but needs to be updated since it is galvanized steel. The house is on a raised foundation and I am going to primarily rely on the inspection to find out about the electrical, HVAC and pest/termite issues.

The house has been maintained well but you never know what lies beneath.

In terms of the house specs:
Location – LA County
Sq. ft. – 1600 house, 7000 lot
Year built – 1954
3 bd / 2 ba

All this said, I am proceeding with caution but don’t think this person is concealing any deal breaking info. since there is a family tie.

[New Guy]

Given the age of this thread, the original author may have already come to a conclusion on this issue.

That said, my recommendation is to insure appropriately if not slightly over insure. To off-set the costs, take on a higher deductible. The reality is that while people often carry $1000 deductibles, you will not use the coverage until a loss gets at above $2500 or so. See what your agent can offer at that or even a $5k deductible and retain the risk that way.

It’s better to come up with $5K in the event of a loss for a deductible instead of “worst case, I could find an extra $100K or $200K if needed to rebuild.”

[New Guy]

Given the age of this thread, the original author may have already come to a conclusion on this issue.

That said, my recommendation is to insure appropriately if not slightly over insure. To off-set the costs, take on a higher deductible. The reality is that while people often carry $1000 deductibles, you will not use the coverage until a loss gets at above $2500 or so. See what your agent can offer at that or even a $5k deductible and retain the risk that way.

It’s better to come up with $5K in the event of a loss for a deductible instead of “worst case, I could find an extra $100K or $200K if needed to rebuild.”

[New Guy]

Given the age of this thread, the original author may have already come to a conclusion on this issue.

That said, my recommendation is to insure appropriately if not slightly over insure. To off-set the costs, take on a higher deductible. The reality is that while people often carry $1000 deductibles, you will not use the coverage until a loss gets at above $2500 or so. See what your agent can offer at that or even a $5k deductible and retain the risk that way.

It’s better to come up with $5K in the event of a loss for a deductible instead of “worst case, I could find an extra $100K or $200K if needed to rebuild.”

[New Guy]

Given the age of this thread, the original author may have already come to a conclusion on this issue.

That said, my recommendation is to insure appropriately if not slightly over insure. To off-set the costs, take on a higher deductible. The reality is that while people often carry $1000 deductibles, you will not use the coverage until a loss gets at above $2500 or so. See what your agent can offer at that or even a $5k deductible and retain the risk that way.

It’s better to come up with $5K in the event of a loss for a deductible instead of “worst case, I could find an extra $100K or $200K if needed to rebuild.”

[New Guy]

Given the age of this thread, the original author may have already come to a conclusion on this issue.

That said, my recommendation is to insure appropriately if not slightly over insure. To off-set the costs, take on a higher deductible. The reality is that while people often carry $1000 deductibles, you will not use the coverage until a loss gets at above $2500 or so. See what your agent can offer at that or even a $5k deductible and retain the risk that way.

It’s better to come up with $5K in the event of a loss for a deductible instead of “worst case, I could find an extra $100K or $200K if needed to rebuild.”

[New Guy]

Related to motorcycles, does anyone know if the cash for clunkers program will allow for the credit to be used on motorcycles?

[New Guy]

Related to motorcycles, does anyone know if the cash for clunkers program will allow for the credit to be used on motorcycles?

[New Guy]

Related to motorcycles, does anyone know if the cash for clunkers program will allow for the credit to be used on motorcycles?

[New Guy]

Related to motorcycles, does anyone know if the cash for clunkers program will allow for the credit to be used on motorcycles?

[Author]

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