Home › Forums › Closed Forums › Buying and Selling RE › 4S Ranch REO–still too high
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jameswenn.
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August 19, 2007 at 8:34 AM #77964August 19, 2007 at 8:50 AM #77820
temeculaguy
ParticipantEX-SD, Thanks for the debate, when it’s all said and done the final result will probably end up somewhere in between our two opinions. There will still be Jumbo’s, people with 200k incomes will find them and 417K + a 20% down payment puts the conforming prices at 500k so we may see stuff in the 510-600 range feel the pull toward 500 where things sell.
August 19, 2007 at 8:50 AM #77943temeculaguy
ParticipantEX-SD, Thanks for the debate, when it’s all said and done the final result will probably end up somewhere in between our two opinions. There will still be Jumbo’s, people with 200k incomes will find them and 417K + a 20% down payment puts the conforming prices at 500k so we may see stuff in the 510-600 range feel the pull toward 500 where things sell.
August 19, 2007 at 8:50 AM #77968temeculaguy
ParticipantEX-SD, Thanks for the debate, when it’s all said and done the final result will probably end up somewhere in between our two opinions. There will still be Jumbo’s, people with 200k incomes will find them and 417K + a 20% down payment puts the conforming prices at 500k so we may see stuff in the 510-600 range feel the pull toward 500 where things sell.
August 19, 2007 at 9:28 AM #77838Coronita
ParticipantFLU after she bailed out I sent her email letting her know politely that if there is anything I could do to help her out to sell her home to let me know. She responded back asking me for a recommendation. I told her that my first recommendation would be to price the home at what I suggested when we first spoke over the phone before she listed which was in the mid 400's if she was really wanting to sell. She sent me an email telling me I had no idea how nice her home was, that it was by far the most elegant home in the complex and that the market would be far better next year. She said that I do a disservice to sellers by trying to get people to just dump their homes for nothing and that my estimates for sale were below all of the other professionals she spoke to and to make sure I never solicit her again! re the 3/3… I take it you mean 12627. It is an REO and it is priced at 549k. It used to be at 589k. It is still active on the market. (if this is the one you meant)
SD R,
Sorry to hear that. I have a suggestion. If you haven't responded to fish-tank lady, how about (politely) showing the comps that have been there. I don't get what is soo much nicer about her unit than other 2/2s.
3 bed units are going for what she is asking for.
As far as the short sale unit. No, I meant MLS#076022906 that went pending (it was a short sale).Talked about it here:
http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti
12627 was a bank owned (i know) .And it was 589k.Wow, didn't know the price was dropped to 549.
I'm guessing well be seeing the low 5's soon. Just for kicks, I might talk to the listing agent at 12627 and see if the bank would be interested at $450k. Maybe bank needs to rid inventory??? 🙂
August 19, 2007 at 9:28 AM #77962Coronita
ParticipantFLU after she bailed out I sent her email letting her know politely that if there is anything I could do to help her out to sell her home to let me know. She responded back asking me for a recommendation. I told her that my first recommendation would be to price the home at what I suggested when we first spoke over the phone before she listed which was in the mid 400's if she was really wanting to sell. She sent me an email telling me I had no idea how nice her home was, that it was by far the most elegant home in the complex and that the market would be far better next year. She said that I do a disservice to sellers by trying to get people to just dump their homes for nothing and that my estimates for sale were below all of the other professionals she spoke to and to make sure I never solicit her again! re the 3/3… I take it you mean 12627. It is an REO and it is priced at 549k. It used to be at 589k. It is still active on the market. (if this is the one you meant)
SD R,
Sorry to hear that. I have a suggestion. If you haven't responded to fish-tank lady, how about (politely) showing the comps that have been there. I don't get what is soo much nicer about her unit than other 2/2s.
3 bed units are going for what she is asking for.
As far as the short sale unit. No, I meant MLS#076022906 that went pending (it was a short sale).Talked about it here:
http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti
12627 was a bank owned (i know) .And it was 589k.Wow, didn't know the price was dropped to 549.
I'm guessing well be seeing the low 5's soon. Just for kicks, I might talk to the listing agent at 12627 and see if the bank would be interested at $450k. Maybe bank needs to rid inventory??? 🙂
August 19, 2007 at 9:28 AM #77986Coronita
ParticipantFLU after she bailed out I sent her email letting her know politely that if there is anything I could do to help her out to sell her home to let me know. She responded back asking me for a recommendation. I told her that my first recommendation would be to price the home at what I suggested when we first spoke over the phone before she listed which was in the mid 400's if she was really wanting to sell. She sent me an email telling me I had no idea how nice her home was, that it was by far the most elegant home in the complex and that the market would be far better next year. She said that I do a disservice to sellers by trying to get people to just dump their homes for nothing and that my estimates for sale were below all of the other professionals she spoke to and to make sure I never solicit her again! re the 3/3… I take it you mean 12627. It is an REO and it is priced at 549k. It used to be at 589k. It is still active on the market. (if this is the one you meant)
SD R,
Sorry to hear that. I have a suggestion. If you haven't responded to fish-tank lady, how about (politely) showing the comps that have been there. I don't get what is soo much nicer about her unit than other 2/2s.
3 bed units are going for what she is asking for.
As far as the short sale unit. No, I meant MLS#076022906 that went pending (it was a short sale).Talked about it here:
http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti
12627 was a bank owned (i know) .And it was 589k.Wow, didn't know the price was dropped to 549.
I'm guessing well be seeing the low 5's soon. Just for kicks, I might talk to the listing agent at 12627 and see if the bank would be interested at $450k. Maybe bank needs to rid inventory??? 🙂
August 19, 2007 at 9:53 AM #77857sdrealtor
Participant“Only in CA will large numbers of people live 75 miles away from where they work to buy a cheaper home.”
Sorry but you are dead wrong on that. People on the east coast routinely commute 75 to 100 miles to jobs in NYC, Boston, DC and Philladephia for that very reason. Some commute even further….
August 19, 2007 at 9:53 AM #77981sdrealtor
Participant“Only in CA will large numbers of people live 75 miles away from where they work to buy a cheaper home.”
Sorry but you are dead wrong on that. People on the east coast routinely commute 75 to 100 miles to jobs in NYC, Boston, DC and Philladephia for that very reason. Some commute even further….
August 19, 2007 at 9:53 AM #78004sdrealtor
Participant“Only in CA will large numbers of people live 75 miles away from where they work to buy a cheaper home.”
Sorry but you are dead wrong on that. People on the east coast routinely commute 75 to 100 miles to jobs in NYC, Boston, DC and Philladephia for that very reason. Some commute even further….
August 19, 2007 at 12:05 PM #77932Ex-SD
ParticipantSD Realtor, you are absolutely right.
I did not clarify that I was excluding places where someone would have good access to mass transportation like New York City, Chicago, etc. Only a small percentage of people who work in these major cities commute by car from 75 miles away or further plus sit in stop & go traffic for long periods of time.
What I should have said was that only in CA would large numbers of people who had to travel by car to get to work……..live 75+ miles from their homes and sit in stop & go traffic for long periods of time, just to find a cheaper home.
August 19, 2007 at 12:05 PM #78056Ex-SD
ParticipantSD Realtor, you are absolutely right.
I did not clarify that I was excluding places where someone would have good access to mass transportation like New York City, Chicago, etc. Only a small percentage of people who work in these major cities commute by car from 75 miles away or further plus sit in stop & go traffic for long periods of time.
What I should have said was that only in CA would large numbers of people who had to travel by car to get to work……..live 75+ miles from their homes and sit in stop & go traffic for long periods of time, just to find a cheaper home.
August 19, 2007 at 12:05 PM #78078Ex-SD
ParticipantSD Realtor, you are absolutely right.
I did not clarify that I was excluding places where someone would have good access to mass transportation like New York City, Chicago, etc. Only a small percentage of people who work in these major cities commute by car from 75 miles away or further plus sit in stop & go traffic for long periods of time.
What I should have said was that only in CA would large numbers of people who had to travel by car to get to work……..live 75+ miles from their homes and sit in stop & go traffic for long periods of time, just to find a cheaper home.
August 19, 2007 at 12:07 PM #77907Ex-SD
ParticipantX.
August 19, 2007 at 12:07 PM #78032Ex-SD
ParticipantX.
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