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SD Realtor.
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August 12, 2007 at 4:58 PM #9827August 12, 2007 at 6:02 PM #73976
an
ParticipantBase on the comps, How much do you think it can sell for right now? The carrying cost is probably around 3000-3500/month and it’s been about 3-4 months since it was sold at the last auction, so that’s at least $9-14k in carrying cost so far. Even if it can be sold for $651k – 3% commission, that’s $631k – $10k in carrying cost, that’s $621k. A grand profit of $6k for all that work.
August 12, 2007 at 6:02 PM #74095an
ParticipantBase on the comps, How much do you think it can sell for right now? The carrying cost is probably around 3000-3500/month and it’s been about 3-4 months since it was sold at the last auction, so that’s at least $9-14k in carrying cost so far. Even if it can be sold for $651k – 3% commission, that’s $631k – $10k in carrying cost, that’s $621k. A grand profit of $6k for all that work.
August 12, 2007 at 6:02 PM #74102an
ParticipantBase on the comps, How much do you think it can sell for right now? The carrying cost is probably around 3000-3500/month and it’s been about 3-4 months since it was sold at the last auction, so that’s at least $9-14k in carrying cost so far. Even if it can be sold for $651k – 3% commission, that’s $631k – $10k in carrying cost, that’s $621k. A grand profit of $6k for all that work.
August 12, 2007 at 7:20 PM #74003SD Realtor
ParticipantAN I KNEW you would check in on this home… heheheh… Looks familiar to you eh?
I will get back later tonite to look it up.
SD Realtor
August 12, 2007 at 7:20 PM #74127SD Realtor
ParticipantAN I KNEW you would check in on this home… heheheh… Looks familiar to you eh?
I will get back later tonite to look it up.
SD Realtor
August 12, 2007 at 7:20 PM #74121SD Realtor
ParticipantAN I KNEW you would check in on this home… heheheh… Looks familiar to you eh?
I will get back later tonite to look it up.
SD Realtor
August 12, 2007 at 7:30 PM #74130bsrsharma
ParticipantEven if it can be sold for $651k
Time to start using numbers smaller than $520K for stuff like this…
August 12, 2007 at 7:30 PM #74124bsrsharma
ParticipantEven if it can be sold for $651k
Time to start using numbers smaller than $520K for stuff like this…
August 12, 2007 at 7:30 PM #74006bsrsharma
ParticipantEven if it can be sold for $651k
Time to start using numbers smaller than $520K for stuff like this…
August 12, 2007 at 9:10 PM #74060SD Realtor
ParticipantSo it is the only active home for sale in 1189 H4. There is not much to compare it to right in that little area. It has a large lot and it backs up to a hillside. The active to pending ratio in 92128 is not to bad right now… npt quite 1 in 4… 150 active and 46 pendings. However there is a ton of stuff in this size range but not with as large a lot. Yet the home is a bit older then the usual 92128 home. So back and forth I go… I think it will be tough for them to get more then the low 600’s if they even get that. They actually just repriced it today.
Also all bets may be off due to the financing climate. We have to see if pending significantly slow down over the next few weeks.
August 12, 2007 at 9:10 PM #74178SD Realtor
ParticipantSo it is the only active home for sale in 1189 H4. There is not much to compare it to right in that little area. It has a large lot and it backs up to a hillside. The active to pending ratio in 92128 is not to bad right now… npt quite 1 in 4… 150 active and 46 pendings. However there is a ton of stuff in this size range but not with as large a lot. Yet the home is a bit older then the usual 92128 home. So back and forth I go… I think it will be tough for them to get more then the low 600’s if they even get that. They actually just repriced it today.
Also all bets may be off due to the financing climate. We have to see if pending significantly slow down over the next few weeks.
August 12, 2007 at 9:10 PM #74185SD Realtor
ParticipantSo it is the only active home for sale in 1189 H4. There is not much to compare it to right in that little area. It has a large lot and it backs up to a hillside. The active to pending ratio in 92128 is not to bad right now… npt quite 1 in 4… 150 active and 46 pendings. However there is a ton of stuff in this size range but not with as large a lot. Yet the home is a bit older then the usual 92128 home. So back and forth I go… I think it will be tough for them to get more then the low 600’s if they even get that. They actually just repriced it today.
Also all bets may be off due to the financing climate. We have to see if pending significantly slow down over the next few weeks.
August 12, 2007 at 9:20 PM #74062an
ParticipantIt looked very familiar because I was going to bid on it the last time around but my max bid was no where near what this broker bid for. I agree that with the current financing climate, it would be very interesting to see how things turn out in the the next month or two. I know that not all 92128 are created equal but there is one in 92128 that’s around the same size house and lot listing for mid 500s and it hasn’t been sold. We’ll just have to wait and see. My guess is high 500s now since 92129 houses with that size and lot and age goes for around that price now.
August 12, 2007 at 9:20 PM #74181an
ParticipantIt looked very familiar because I was going to bid on it the last time around but my max bid was no where near what this broker bid for. I agree that with the current financing climate, it would be very interesting to see how things turn out in the the next month or two. I know that not all 92128 are created equal but there is one in 92128 that’s around the same size house and lot listing for mid 500s and it hasn’t been sold. We’ll just have to wait and see. My guess is high 500s now since 92129 houses with that size and lot and age goes for around that price now.
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