SDC this home was an oddity. AN is like a hawk and he is has a keen eye on both Mira Mesa and Penasquitos. A few weeks back he noticed 13078 Texana on the MLS but it was cancelled after only 3 days. It was listed at 450k!!! So yeah the fact that it went for 520k is heartening but I was hoping to see it go alot lower then that.
Also right now 12967 Texana is pending at a list price of 550k. This is an REO as well.
Finally another problem with auctions is that home sellers are generally not aware of them. When they are presented comps the comps are generally MLS resale comps. Auctions are not on the MLS as sold properties. So the agent would have to comb through tax records to find the auctioned comps. Also bonehead sellers would always find a million reasons to say why their home is the the shniznet compared to an auctioned home… they will get it someday though…
