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SD Realtor.
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February 3, 2008 at 12:02 AM #147387February 3, 2008 at 8:53 AM #147665
jpinpb
ParticipantI know someone who recently (w/in the past few months) sold their place in 4S Ranch at 17032 Garden Walk Way for $635,500. They bought it for $681,000 in 11/18/05. Almost a 50k reduction. She thinks she’s savvy about this. Taking a loss on taxes.
It was not in default or foreclosure or short sale or bank owned. This woman wanted out so she could buy a bigger place that was a reduced 200k less than it sold for originally 2 years earlier. The new home is a better investment/deal?
I don’t have the info on the new place yet. This is all hearsay, what I was told. It’s a bigger place, I guess. I don’t know if the new place was in default or foreclosure or short sale or bank owned. Keeping an eye out for the info. Will do some research on it. Very curious.
February 3, 2008 at 8:53 AM #147687jpinpb
ParticipantI know someone who recently (w/in the past few months) sold their place in 4S Ranch at 17032 Garden Walk Way for $635,500. They bought it for $681,000 in 11/18/05. Almost a 50k reduction. She thinks she’s savvy about this. Taking a loss on taxes.
It was not in default or foreclosure or short sale or bank owned. This woman wanted out so she could buy a bigger place that was a reduced 200k less than it sold for originally 2 years earlier. The new home is a better investment/deal?
I don’t have the info on the new place yet. This is all hearsay, what I was told. It’s a bigger place, I guess. I don’t know if the new place was in default or foreclosure or short sale or bank owned. Keeping an eye out for the info. Will do some research on it. Very curious.
February 3, 2008 at 8:53 AM #147698jpinpb
ParticipantI know someone who recently (w/in the past few months) sold their place in 4S Ranch at 17032 Garden Walk Way for $635,500. They bought it for $681,000 in 11/18/05. Almost a 50k reduction. She thinks she’s savvy about this. Taking a loss on taxes.
It was not in default or foreclosure or short sale or bank owned. This woman wanted out so she could buy a bigger place that was a reduced 200k less than it sold for originally 2 years earlier. The new home is a better investment/deal?
I don’t have the info on the new place yet. This is all hearsay, what I was told. It’s a bigger place, I guess. I don’t know if the new place was in default or foreclosure or short sale or bank owned. Keeping an eye out for the info. Will do some research on it. Very curious.
February 3, 2008 at 8:53 AM #147415jpinpb
ParticipantI know someone who recently (w/in the past few months) sold their place in 4S Ranch at 17032 Garden Walk Way for $635,500. They bought it for $681,000 in 11/18/05. Almost a 50k reduction. She thinks she’s savvy about this. Taking a loss on taxes.
It was not in default or foreclosure or short sale or bank owned. This woman wanted out so she could buy a bigger place that was a reduced 200k less than it sold for originally 2 years earlier. The new home is a better investment/deal?
I don’t have the info on the new place yet. This is all hearsay, what I was told. It’s a bigger place, I guess. I don’t know if the new place was in default or foreclosure or short sale or bank owned. Keeping an eye out for the info. Will do some research on it. Very curious.
February 3, 2008 at 8:53 AM #147768jpinpb
ParticipantI know someone who recently (w/in the past few months) sold their place in 4S Ranch at 17032 Garden Walk Way for $635,500. They bought it for $681,000 in 11/18/05. Almost a 50k reduction. She thinks she’s savvy about this. Taking a loss on taxes.
It was not in default or foreclosure or short sale or bank owned. This woman wanted out so she could buy a bigger place that was a reduced 200k less than it sold for originally 2 years earlier. The new home is a better investment/deal?
I don’t have the info on the new place yet. This is all hearsay, what I was told. It’s a bigger place, I guess. I don’t know if the new place was in default or foreclosure or short sale or bank owned. Keeping an eye out for the info. Will do some research on it. Very curious.
February 3, 2008 at 9:04 AM #147668jpinpb
ParticipantThe new house is on Santa Mariana. The best I can find out so far as far as sales are as follows:
1/2005 $995k
5/2004 $875k
11/2003 $819k
7/2001 531k
12/2000 543k
11/2000 544k
11/2000 567k
11/2000 599kSo I guess if she bought it for 795k, she made 150k, taking into consideration her loss. However, if prices continue to drop, there goes her profit, on paper anyway.
February 3, 2008 at 9:04 AM #147694jpinpb
ParticipantThe new house is on Santa Mariana. The best I can find out so far as far as sales are as follows:
1/2005 $995k
5/2004 $875k
11/2003 $819k
7/2001 531k
12/2000 543k
11/2000 544k
11/2000 567k
11/2000 599kSo I guess if she bought it for 795k, she made 150k, taking into consideration her loss. However, if prices continue to drop, there goes her profit, on paper anyway.
February 3, 2008 at 9:04 AM #147702jpinpb
ParticipantThe new house is on Santa Mariana. The best I can find out so far as far as sales are as follows:
1/2005 $995k
5/2004 $875k
11/2003 $819k
7/2001 531k
12/2000 543k
11/2000 544k
11/2000 567k
11/2000 599kSo I guess if she bought it for 795k, she made 150k, taking into consideration her loss. However, if prices continue to drop, there goes her profit, on paper anyway.
February 3, 2008 at 9:04 AM #147420jpinpb
ParticipantThe new house is on Santa Mariana. The best I can find out so far as far as sales are as follows:
1/2005 $995k
5/2004 $875k
11/2003 $819k
7/2001 531k
12/2000 543k
11/2000 544k
11/2000 567k
11/2000 599kSo I guess if she bought it for 795k, she made 150k, taking into consideration her loss. However, if prices continue to drop, there goes her profit, on paper anyway.
February 3, 2008 at 9:04 AM #147773jpinpb
ParticipantThe new house is on Santa Mariana. The best I can find out so far as far as sales are as follows:
1/2005 $995k
5/2004 $875k
11/2003 $819k
7/2001 531k
12/2000 543k
11/2000 544k
11/2000 567k
11/2000 599kSo I guess if she bought it for 795k, she made 150k, taking into consideration her loss. However, if prices continue to drop, there goes her profit, on paper anyway.
February 3, 2008 at 9:41 AM #147435waitingtobuy
ParticipantAbout 4s ranch, I tracked few REO homes including the one in 16571, manassas st. 4 of those REO homes went pending very fast at their list price.It seems banks had priced those homes very realistically to sell quickly.
I hope this impacts other resale or REO homes in 4s that are now very listed at un-resonably high prices. As long as sellers are in denial and are un-aware of the market conditions, stale inventory won’t clear.
February 3, 2008 at 9:41 AM #147685waitingtobuy
ParticipantAbout 4s ranch, I tracked few REO homes including the one in 16571, manassas st. 4 of those REO homes went pending very fast at their list price.It seems banks had priced those homes very realistically to sell quickly.
I hope this impacts other resale or REO homes in 4s that are now very listed at un-resonably high prices. As long as sellers are in denial and are un-aware of the market conditions, stale inventory won’t clear.
February 3, 2008 at 9:41 AM #147788waitingtobuy
ParticipantAbout 4s ranch, I tracked few REO homes including the one in 16571, manassas st. 4 of those REO homes went pending very fast at their list price.It seems banks had priced those homes very realistically to sell quickly.
I hope this impacts other resale or REO homes in 4s that are now very listed at un-resonably high prices. As long as sellers are in denial and are un-aware of the market conditions, stale inventory won’t clear.
February 3, 2008 at 9:41 AM #147707waitingtobuy
ParticipantAbout 4s ranch, I tracked few REO homes including the one in 16571, manassas st. 4 of those REO homes went pending very fast at their list price.It seems banks had priced those homes very realistically to sell quickly.
I hope this impacts other resale or REO homes in 4s that are now very listed at un-resonably high prices. As long as sellers are in denial and are un-aware of the market conditions, stale inventory won’t clear.
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