Well from a ppsf persective yeah it is not a bad deal but do you know the area? I actually like Sunrise Canyon ALOT but that is the north side of Poway Road not the south side.
Anyways for what it is worth I called the listing agent…
1 – The listing agent had 2-3 offers previously into the lender where those buyers walked away. Those offers were higher then the SOLD offer and he had approval for them but they walked for various reasons that included remediation needed on the home.
2 – The buyer did end up kicking about 7k to the second note holder to get them to release the lien. Not refected in the price.
3 – The buyer had to pay for all termite remediation, another 4k.
4 – The home has several major problems with it in the kitchen and floor.
Again, this is all according to the listing agent. Take it for what it is worth but IMO this agent seemed to be pretty honest over the phone. What do I know though?
Anyways 5year, this guy seemed to be on the up and up and I think he was telling the truth. He said after the offer was accepted and they got into escrow he said he could have definitely gotten alot more considering the market conditions but this buyer came in right before the big wave hit. Sounded like he had approval in early March or late Feb and by the time he got the written lien releases from each lender it was mid March.
