[quote=Scarlett][quote=bearishgurl]Unless Scarlett has found a “pocket listing” in UC that she now wants to make an offer on (seriously doubt this if it is an REO) there appear to be currently one residential SFR in UC with an asking price <=$500K and that is Ramsay/Haworth.[/quote]
I am seriously lowballing, remember? So don't look at asking price. I am just saying that even if the house I am lowballing is aged, I am fine with the room sizes. So I am ok with AGE, I just try to get it a lower price that I can afford without having to fix it up.[/quote]
Scarlett, how can you "seriously lowball" an REO which will probably have several or more bidders due to it being an REO? And how can you ask a lender for a credit on a possible lack of drainage/improper concrete installation issue (on your other thread of today) when REO's are purchased "as is?" Do you think seriously lowballing and then asking an REO owner for credits is going to get your offer considered, in UC, no less??
Have you looked at the recent “sold” comps for 2000-2500 sf properties in UC? They’re mostly all $100K to $250K OVER your “ceiling.” If you find a property that size in UC whose seller will accept =<$500K, you will likely get a LOT of noise from I-805, SR-52 or it will be situated on a busy surface street.
That's why I thought the Ramsay/Haworth property, being owned by "heirs," was a great find for a buyer in your price range. It has a great location and potential.
You have to live in the property. I don't. But I WOULD live in Ramsay/Haworth. I like what I see so far. I'd hammer the price down as much as I could and enjoy my great corner lot in UC. But that's just me.
