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Welcome to Pedersen Real Estate, your source for all your Riverside County real estate needs.  Our team of full-time Realtors® are dedicated to helping home buyers and sellers in Riverside, Corona, Norco, Lake Elsinore, Murrieta, Moreno Valley, Perris and other nearby communities. We are experienced Realtors® who provide an exceptional level of service to our clients when purchasing or selling a home.

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Riverside homes for sale CA

Riverside, California is listed as “One of America’s Most Livable Communities” and is one of the fastest growing metropolitan areas in the United States. Riverside is the county seat of Riverside County, California. Riverside is named for the nearby Santa Ana River, and is the birthplace of the California citrus industry. Riverside is the largest city in California's Inland Empire region, the 14th-largest metropolitan area in the nation.   Riverside is a thriving and lively city, that has experienced explosive growth in recent years. 

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Corona CA homes for sale

Corona 

Corona sits in the foothills of the Santa Ana Mountains and is approximately 45 miles southeast of Los Angeles.  In recent years, Corona has changed from a working-class bedroom community for Orange County and the larger cities of the Inland Empire to a full-fledged edge city in its own right, with industrial parks opening near Norco and luxury housing communities. Corona is one fastest growing and most popular areas in Riverside County.        

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Norco Real Estate Homes for Sale

Norco  

Norco was once primarily agricultural and it has remained true to its Western heritage. Located in Riverside County’s “Inland Empire” along the Santa Ana River and adjoining Orange County. The “Old Town” area features country stores and horse properties with a large network of horse trails. The entire community has more than 88 miles of bridle trails and the entire Santa Ana River basin for riding and the city well fits its other name "Horse Capital of the World".

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Moreno Valley homes for sale

Moreno Valley

Moreno Valley is a city located in Riverside County, California. As of 2008, the population of Moreno Valley was 180,466. A relatively young city, its rapid growth in the 1980s and the 2000s propelled it to its status as second-largest city in Riverside County by population, and one of the Inland Empire's largest population centers.

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Perris California Homes for Sale

Perris 

Perris is a city in Riverside County, California near the city of Riverside and very close to a popular recreation area, Lake Perris . The city is named in honor of Fred T. Perris, chief engineer of the California Southern Railroad. Perris was established along the railroad route connecting present day cities of Barstow and San Diego.

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Lake Elsinore Homes For Sale

Lake Elsinore

Lake Elsinore is located in western Riverside County, south of the city of Corona.  As of 2009, it had an estimated population of about 50,200.  The size of the Lake Elsinore is 38.8 square miles, of which 33.8 is land and 5 miles is water. The city was named for  nearby Lake Elsinore, which is the largest fresh water lake in Southern California. The housing market in this community consists mainly of single-family homes, some condominiums and land lots for custom building.

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Murrieta CA homes for sale

Murrieta

Murrieta is one of the fastest growing cities in California. It is located in southwestern Riverside County. The population of Murrieta was estimated to be about 100,200 in 2008. Mostly residential, Murrieta is considered a commuter town, with large numbers of its residents commuting to jobs in San Diego and Orange Counties, Temecula or Camp Pendleton. Murrieta is bordered by Temecula to the South and the newly incorporated cities of Menifee and Wildomar to the North. 

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Canyon Lake home sfor sale real estate

Canyon Lake

Canyon Lake is a unique community in Riverside County, east of Lake Elsinore.  It is one of only five gated cities in California, Canyon Lake and it began as a master-planned community developed in1968.  It geographically spans 4.7 square miles. The Lake was originally formed in 1927 after Railroad Canyon Dam was built. Canyon Lake has a resort-like atmosphere with many lake-front properties on its 14.9 miles of shoreline.

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Menifee CA houses for sale

Menifee

Menifee is a relatively new city located in Southwestern Riverside County. The city is roughly 50 square miles in size. The City of Menifee includes the communities of Menifee, Sun City, Quail Valley, Paloma Valley and portions of Romoland.  Menifee is known for its views of the San Jacinto Mountains and the San Bernardino Mountains.

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Buying a Short Sale

If you are an investor looking for a deal that gives you instant equity, or a home buyer just looking for a good deal, buying a short sale may be your answer. The risks that go along with foreclosing on a property have mortgage companies looking for ways to avoid foreclosure and reduce the losses incurred when a loan goes delinquent.

A short sale allows the mortgage holder to limit losses on a delinquent loan and take the loan off their books. The discount a lender is usually willing to approve means the buyer get’s a very good deal. Keep in mind, too, that short sales are a significant portion of the real estate market currently in Riverside and Corona and throughout the Inland Empire.  There are so many short sales, that it is often hard for a buyer who doesn’t want to consider short sales. 

If you are looking to close in less than 60 days, then a short sale might not be a good option for you.  Short sales can take many months of waiting. 

Lender's Loss  -- Your Gain

At Pedersen Real Estate, we handle short sales for both buyers and sellers. We get short sale properties sold for sellers, we help buyers find the right short sale and we get short sale files approved by mortgage lenders.

Experience and Expertise

Virtually every step in the short sale process requires short sale experience in order to achieve the desired results. When it comes to working with a buyer to find the right short sale property our expertise and experience is critical to help determine if a short sale is even viable.

Get the right Short Sale

Because not every short sale is a good deal, and not all short sale files get lender approval from the lender.  In fact, many Short Sale files are declined.  We can save you time, trouble and a great deal of money, by guiding you through the process.

Tips on getting your offer accepted

More Short Sale Details

Generally, the lender will not pay for customary items that a seller would pay. These include home protection plans for the buyer, buyer credits of any kind and pest / termite inspections. A buyer will be asked to purchase the property "as is," which means the seller nor the lender will make any repairs.  It is also possible that a buyer may have some additional closing costs that the lender will not cover. 

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