10640_Penara_St. in Mira Mesa, Decent Price

[SD Realtor]

Jimmy it may get 510 and it may not…. I guess we will see. I have a listing right near by in Summerset on Granby. Actually it is a very nice place but my seller is… well I won’t comment. We have been in escrow twice and he has turned down another offer. I am quite surprised at the amount of traffic we are getting even in times like this.

Anyways… did you guys get inside Penara and take a look? I mean it is okay. The sellers have taken care of it and the yard is okay size for the area. However the home needs to be staged. It just doesn’t show with anything that makes you go okay I really want this home. They may indeed get the 510.

SD Realtor

[jimmyle]

SD R,

After checking out the Dabney house, we have decided not to look for another house for a while. I am moving to Mira Mesa in October and looking for an apartment for a one year lease for now. Hopefully I will get something similar for under $460K at the end of next year. %10 down and no jumbo loan.

Jimmy

[jimmyle]

SD R,

After checking out the Dabney house, we have decided not to look for another house for a while. I am moving to Mira Mesa in October and looking for an apartment for a one year lease for now. Hopefully I will get something similar for under $460K at the end of next year. %10 down and no jumbo loan.

Jimmy

[jimmyle]

SD R,

After checking out the Dabney house, we have decided not to look for another house for a while. I am moving to Mira Mesa in October and looking for an apartment for a one year lease for now. Hopefully I will get something similar for under $460K at the end of next year. %10 down and no jumbo loan.

Jimmy

[temeculaguy]

That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.

[temeculaguy]

That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.

[temeculaguy]

That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.

[SD Realtor]

You done good Jimmy….You will be celebrating your decision next year bigtime.

SD Realtor

[SD Realtor]

You done good Jimmy….You will be celebrating your decision next year bigtime.

SD Realtor

[SD Realtor]

You done good Jimmy….You will be celebrating your decision next year bigtime.

SD Realtor

[temeculaguy]

Jimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.

[temeculaguy]

Jimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.

[temeculaguy]

Jimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.

[jimmyle]

The price was lowered to $465K-$515K today. I expected the house would be sold quickly when the price was $485-$530K three weeks ago but SD Realtor said it might not. He was right.

http://www.sdlookup.com/MLS-072062920-10640_Penara_St_San_Diego_CA_92126

[bsrsharma]

That is a good $50K band. They probably need another re-tune to $415K-$465K for sparks to fly.

[Author]

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