4S Ranch–Builders not negotiating

[4spotentialbuyer]

We have asked multiple builders and they have said they are not taking offers. Again, there are many serious buyers sitting on the sidelines waiting to buy however if the attitude from the builders is that they control the prices, then the buyers will remain on the sidelines until a sense of reality kicks in.

[sandiego]

If you are only putting down 20% you will need to get a loan. Therefore, your purchase is CONTINGENT on getting financing.

As Raybyrnes stated, come in with a pre-approved letter. Otherwise, you are a looky-lou.

The Public builders have already written down the value of the standing inventory. They don’t have the axe over their head as much as you think.

The smaller, private builders can’t drop prices willy-nilly. They have lenders and partners to answer to. I am not saying that they might not drop prices later in the year but they will need approval from their lenders and partners. At some point, the builder doesn’t have any skin in the game anymore and their equity is gone. They have no incentive to drop the price (unless they have personal guarantees to the lender).

San Diego doesn’t have the huge oversupply of new detached homes that they have in the Inland Empire. You can probably negotiate harder out there.

Downtown condos are obvioulsy overbuilt. I don’t know how they will unwind those.

[sandiego]

If you are only putting down 20% you will need to get a loan. Therefore, your purchase is CONTINGENT on getting financing.

As Raybyrnes stated, come in with a pre-approved letter. Otherwise, you are a looky-lou.

The Public builders have already written down the value of the standing inventory. They don’t have the axe over their head as much as you think.

The smaller, private builders can’t drop prices willy-nilly. They have lenders and partners to answer to. I am not saying that they might not drop prices later in the year but they will need approval from their lenders and partners. At some point, the builder doesn’t have any skin in the game anymore and their equity is gone. They have no incentive to drop the price (unless they have personal guarantees to the lender).

San Diego doesn’t have the huge oversupply of new detached homes that they have in the Inland Empire. You can probably negotiate harder out there.

Downtown condos are obvioulsy overbuilt. I don’t know how they will unwind those.

[sandiego]

If you are only putting down 20% you will need to get a loan. Therefore, your purchase is CONTINGENT on getting financing.

As Raybyrnes stated, come in with a pre-approved letter. Otherwise, you are a looky-lou.

The Public builders have already written down the value of the standing inventory. They don’t have the axe over their head as much as you think.

The smaller, private builders can’t drop prices willy-nilly. They have lenders and partners to answer to. I am not saying that they might not drop prices later in the year but they will need approval from their lenders and partners. At some point, the builder doesn’t have any skin in the game anymore and their equity is gone. They have no incentive to drop the price (unless they have personal guarantees to the lender).

San Diego doesn’t have the huge oversupply of new detached homes that they have in the Inland Empire. You can probably negotiate harder out there.

Downtown condos are obvioulsy overbuilt. I don’t know how they will unwind those.

[sandiego]

If you are only putting down 20% you will need to get a loan. Therefore, your purchase is CONTINGENT on getting financing.

As Raybyrnes stated, come in with a pre-approved letter. Otherwise, you are a looky-lou.

The Public builders have already written down the value of the standing inventory. They don’t have the axe over their head as much as you think.

The smaller, private builders can’t drop prices willy-nilly. They have lenders and partners to answer to. I am not saying that they might not drop prices later in the year but they will need approval from their lenders and partners. At some point, the builder doesn’t have any skin in the game anymore and their equity is gone. They have no incentive to drop the price (unless they have personal guarantees to the lender).

San Diego doesn’t have the huge oversupply of new detached homes that they have in the Inland Empire. You can probably negotiate harder out there.

Downtown condos are obvioulsy overbuilt. I don’t know how they will unwind those.

[sandiego]

If you are only putting down 20% you will need to get a loan. Therefore, your purchase is CONTINGENT on getting financing.

As Raybyrnes stated, come in with a pre-approved letter. Otherwise, you are a looky-lou.

The Public builders have already written down the value of the standing inventory. They don’t have the axe over their head as much as you think.

The smaller, private builders can’t drop prices willy-nilly. They have lenders and partners to answer to. I am not saying that they might not drop prices later in the year but they will need approval from their lenders and partners. At some point, the builder doesn’t have any skin in the game anymore and their equity is gone. They have no incentive to drop the price (unless they have personal guarantees to the lender).

San Diego doesn’t have the huge oversupply of new detached homes that they have in the Inland Empire. You can probably negotiate harder out there.

Downtown condos are obvioulsy overbuilt. I don’t know how they will unwind those.

[jpinpb]

I think it may have been somewhere on this board that I read people don’t HAVE to buy, but sometimes people HAVE to sell, something like that
If it’s becomes a stand off, who can last the longest?

[jpinpb]

I think it may have been somewhere on this board that I read people don’t HAVE to buy, but sometimes people HAVE to sell, something like that
If it’s becomes a stand off, who can last the longest?

[jpinpb]

I think it may have been somewhere on this board that I read people don’t HAVE to buy, but sometimes people HAVE to sell, something like that
If it’s becomes a stand off, who can last the longest?

[jpinpb]

I think it may have been somewhere on this board that I read people don’t HAVE to buy, but sometimes people HAVE to sell, something like that
If it’s becomes a stand off, who can last the longest?

[jpinpb]

I think it may have been somewhere on this board that I read people don’t HAVE to buy, but sometimes people HAVE to sell, something like that
If it’s becomes a stand off, who can last the longest?

[4spotentialbuyer]

I agree with jpinpb. At this point it is a stand off. As for all the other suggestions about how qualified we are, etc…we are already preapproved with their lender…have more than enough in cash, assets, income, etc to qualify for a loan, the point is that SELLERS, whether it is a builder or a resell, have not reached the same conclusion that may on this board have….that real estate in San Diego is only declining in value….We have already decided that we WILL not buy unless we see more price drops.

[4spotentialbuyer]

I agree with jpinpb. At this point it is a stand off. As for all the other suggestions about how qualified we are, etc…we are already preapproved with their lender…have more than enough in cash, assets, income, etc to qualify for a loan, the point is that SELLERS, whether it is a builder or a resell, have not reached the same conclusion that may on this board have….that real estate in San Diego is only declining in value….We have already decided that we WILL not buy unless we see more price drops.

[4spotentialbuyer]

I agree with jpinpb. At this point it is a stand off. As for all the other suggestions about how qualified we are, etc…we are already preapproved with their lender…have more than enough in cash, assets, income, etc to qualify for a loan, the point is that SELLERS, whether it is a builder or a resell, have not reached the same conclusion that may on this board have….that real estate in San Diego is only declining in value….We have already decided that we WILL not buy unless we see more price drops.

[4spotentialbuyer]

I agree with jpinpb. At this point it is a stand off. As for all the other suggestions about how qualified we are, etc…we are already preapproved with their lender…have more than enough in cash, assets, income, etc to qualify for a loan, the point is that SELLERS, whether it is a builder or a resell, have not reached the same conclusion that may on this board have….that real estate in San Diego is only declining in value….We have already decided that we WILL not buy unless we see more price drops.

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