Carlsbad or Penasquitos for 500K?

[an]

[quote=Scarlett]
Some of the garages were open, so I figured out there are pack rats. No problem with that.

But, the phenomenon of kids living with their parents shouldn’t depend on location, however, one doesn’t see that many cars in other neighborhoods. Don’t grown-up kids live with their parents in PQ? When the street and the drivways are packed with cars (not just a couple of houses on the block where indeed the kids may be living with their parents) something else must be going on. Could they be renters like sdr was suggesting?[/quote]
I understand, that’s why I suggest you talk to the house with a lot of cars before you rule out a house. My neighbor have 4 cars between him and his wife. His son used to live with him too, so that’s 5 cars. My parents have 4 cars and my brother have 2. He’s still living at home. Those are just two examples.

BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.

[UCGal]

[quote=AN]BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Good advice from AN. Our street is a pretty nice street but there are a lot of cars parked on the street. It just got worse – across the street the 20-something son just boomeranged back home. Not only did he come home with a car – his couch and stuff is occupying the garage – so that pushed the parent’s cars out. Now there’s always a car in the driveway and 2 on the street. The kid will move out again soon, and there will be fewer cars on the street.

[UCGal]

[quote=AN]BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Good advice from AN. Our street is a pretty nice street but there are a lot of cars parked on the street. It just got worse – across the street the 20-something son just boomeranged back home. Not only did he come home with a car – his couch and stuff is occupying the garage – so that pushed the parent’s cars out. Now there’s always a car in the driveway and 2 on the street. The kid will move out again soon, and there will be fewer cars on the street.

[UCGal]

[quote=AN]BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Good advice from AN. Our street is a pretty nice street but there are a lot of cars parked on the street. It just got worse – across the street the 20-something son just boomeranged back home. Not only did he come home with a car – his couch and stuff is occupying the garage – so that pushed the parent’s cars out. Now there’s always a car in the driveway and 2 on the street. The kid will move out again soon, and there will be fewer cars on the street.

[UCGal]

[quote=AN]BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Good advice from AN. Our street is a pretty nice street but there are a lot of cars parked on the street. It just got worse – across the street the 20-something son just boomeranged back home. Not only did he come home with a car – his couch and stuff is occupying the garage – so that pushed the parent’s cars out. Now there’s always a car in the driveway and 2 on the street. The kid will move out again soon, and there will be fewer cars on the street.

[UCGal]

[quote=AN]BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Good advice from AN. Our street is a pretty nice street but there are a lot of cars parked on the street. It just got worse – across the street the 20-something son just boomeranged back home. Not only did he come home with a car – his couch and stuff is occupying the garage – so that pushed the parent’s cars out. Now there’s always a car in the driveway and 2 on the street. The kid will move out again soon, and there will be fewer cars on the street.

[bearishgurl]

[quote=Scarlett]I understand that I have to act very quickly when/if something like that appears in UC. The slim inventory in our range means there is a lot of competition. This better Ramsay property has been on the market 50+ days (surprising, huh? It looked quite good on paper, with decent room sizes, 2 car garage, yard), and they lowered their price last month from 525K to under 500K. I wonder if it was something that maybe was not quite right or appealing in the house. I’d be surprised if there weren’t many offers on it.[/quote]

[quote=sdrealtor]The second 3BR property on Ramsey is far superior. Its a probate sale with tons of equity . . .[/quote]

If 4636 Ramsay Ave was listed before the heirs obtained a needed court confirmation, then it may have gotten a good bonafide offer shortly after it came up on the market but did not go “pending” until the court confirmation was (recently) obtained. It could have stayed “active” so backup offers could be obtained in case the buyers with the accepted offer backed out waiting for the confirmation. Back a few years ago, a “court confirmation” probate listing in my area took 4 months to obtain AFTER it was already listed so “50+” days is really not that long.

There are generally less offers on an older home than a newer one. A “traditional sale,” probate or not, with “tons of equity,” is exactly the type of property you HOPE you can strike a deal on, Scarlett!

Just ask yourself if you want to be 12th in line after offering list price for an REO (cleaned up or not). Or if you want to wait 3-5 months for a lender to decide if they will accept your “short” offer (or not), that “underwater sellers” have already accepted … lol. Meanwhile, your earnest money check, although not yet deposited in escrow, has been presented with your offer and “earmarked” for a property that could take you months to find out if you even have a chance at purchasing it and you are NOT available to continue making offers. If you find another property in the interim that you want to place an offer on, you will have to cancel your short-sale transaction to get your earnest-money check back. By that time, your “interim” property could go pending (to someone else).

The above paragraph describes typical scenarios when you attempt to place an offer on a *newer* property which is either an REO or “wishful short-sale.” :={

[bearishgurl]

[quote=Scarlett]I understand that I have to act very quickly when/if something like that appears in UC. The slim inventory in our range means there is a lot of competition. This better Ramsay property has been on the market 50+ days (surprising, huh? It looked quite good on paper, with decent room sizes, 2 car garage, yard), and they lowered their price last month from 525K to under 500K. I wonder if it was something that maybe was not quite right or appealing in the house. I’d be surprised if there weren’t many offers on it.[/quote]

[quote=sdrealtor]The second 3BR property on Ramsey is far superior. Its a probate sale with tons of equity . . .[/quote]

If 4636 Ramsay Ave was listed before the heirs obtained a needed court confirmation, then it may have gotten a good bonafide offer shortly after it came up on the market but did not go “pending” until the court confirmation was (recently) obtained. It could have stayed “active” so backup offers could be obtained in case the buyers with the accepted offer backed out waiting for the confirmation. Back a few years ago, a “court confirmation” probate listing in my area took 4 months to obtain AFTER it was already listed so “50+” days is really not that long.

There are generally less offers on an older home than a newer one. A “traditional sale,” probate or not, with “tons of equity,” is exactly the type of property you HOPE you can strike a deal on, Scarlett!

Just ask yourself if you want to be 12th in line after offering list price for an REO (cleaned up or not). Or if you want to wait 3-5 months for a lender to decide if they will accept your “short” offer (or not), that “underwater sellers” have already accepted … lol. Meanwhile, your earnest money check, although not yet deposited in escrow, has been presented with your offer and “earmarked” for a property that could take you months to find out if you even have a chance at purchasing it and you are NOT available to continue making offers. If you find another property in the interim that you want to place an offer on, you will have to cancel your short-sale transaction to get your earnest-money check back. By that time, your “interim” property could go pending (to someone else).

The above paragraph describes typical scenarios when you attempt to place an offer on a *newer* property which is either an REO or “wishful short-sale.” :={

[bearishgurl]

[quote=Scarlett]I understand that I have to act very quickly when/if something like that appears in UC. The slim inventory in our range means there is a lot of competition. This better Ramsay property has been on the market 50+ days (surprising, huh? It looked quite good on paper, with decent room sizes, 2 car garage, yard), and they lowered their price last month from 525K to under 500K. I wonder if it was something that maybe was not quite right or appealing in the house. I’d be surprised if there weren’t many offers on it.[/quote]

[quote=sdrealtor]The second 3BR property on Ramsey is far superior. Its a probate sale with tons of equity . . .[/quote]

If 4636 Ramsay Ave was listed before the heirs obtained a needed court confirmation, then it may have gotten a good bonafide offer shortly after it came up on the market but did not go “pending” until the court confirmation was (recently) obtained. It could have stayed “active” so backup offers could be obtained in case the buyers with the accepted offer backed out waiting for the confirmation. Back a few years ago, a “court confirmation” probate listing in my area took 4 months to obtain AFTER it was already listed so “50+” days is really not that long.

There are generally less offers on an older home than a newer one. A “traditional sale,” probate or not, with “tons of equity,” is exactly the type of property you HOPE you can strike a deal on, Scarlett!

Just ask yourself if you want to be 12th in line after offering list price for an REO (cleaned up or not). Or if you want to wait 3-5 months for a lender to decide if they will accept your “short” offer (or not), that “underwater sellers” have already accepted … lol. Meanwhile, your earnest money check, although not yet deposited in escrow, has been presented with your offer and “earmarked” for a property that could take you months to find out if you even have a chance at purchasing it and you are NOT available to continue making offers. If you find another property in the interim that you want to place an offer on, you will have to cancel your short-sale transaction to get your earnest-money check back. By that time, your “interim” property could go pending (to someone else).

The above paragraph describes typical scenarios when you attempt to place an offer on a *newer* property which is either an REO or “wishful short-sale.” :={

[bearishgurl]

[quote=Scarlett]I understand that I have to act very quickly when/if something like that appears in UC. The slim inventory in our range means there is a lot of competition. This better Ramsay property has been on the market 50+ days (surprising, huh? It looked quite good on paper, with decent room sizes, 2 car garage, yard), and they lowered their price last month from 525K to under 500K. I wonder if it was something that maybe was not quite right or appealing in the house. I’d be surprised if there weren’t many offers on it.[/quote]

[quote=sdrealtor]The second 3BR property on Ramsey is far superior. Its a probate sale with tons of equity . . .[/quote]

If 4636 Ramsay Ave was listed before the heirs obtained a needed court confirmation, then it may have gotten a good bonafide offer shortly after it came up on the market but did not go “pending” until the court confirmation was (recently) obtained. It could have stayed “active” so backup offers could be obtained in case the buyers with the accepted offer backed out waiting for the confirmation. Back a few years ago, a “court confirmation” probate listing in my area took 4 months to obtain AFTER it was already listed so “50+” days is really not that long.

There are generally less offers on an older home than a newer one. A “traditional sale,” probate or not, with “tons of equity,” is exactly the type of property you HOPE you can strike a deal on, Scarlett!

Just ask yourself if you want to be 12th in line after offering list price for an REO (cleaned up or not). Or if you want to wait 3-5 months for a lender to decide if they will accept your “short” offer (or not), that “underwater sellers” have already accepted … lol. Meanwhile, your earnest money check, although not yet deposited in escrow, has been presented with your offer and “earmarked” for a property that could take you months to find out if you even have a chance at purchasing it and you are NOT available to continue making offers. If you find another property in the interim that you want to place an offer on, you will have to cancel your short-sale transaction to get your earnest-money check back. By that time, your “interim” property could go pending (to someone else).

The above paragraph describes typical scenarios when you attempt to place an offer on a *newer* property which is either an REO or “wishful short-sale.” :={

[bearishgurl]

[quote=Scarlett]I understand that I have to act very quickly when/if something like that appears in UC. The slim inventory in our range means there is a lot of competition. This better Ramsay property has been on the market 50+ days (surprising, huh? It looked quite good on paper, with decent room sizes, 2 car garage, yard), and they lowered their price last month from 525K to under 500K. I wonder if it was something that maybe was not quite right or appealing in the house. I’d be surprised if there weren’t many offers on it.[/quote]

[quote=sdrealtor]The second 3BR property on Ramsey is far superior. Its a probate sale with tons of equity . . .[/quote]

If 4636 Ramsay Ave was listed before the heirs obtained a needed court confirmation, then it may have gotten a good bonafide offer shortly after it came up on the market but did not go “pending” until the court confirmation was (recently) obtained. It could have stayed “active” so backup offers could be obtained in case the buyers with the accepted offer backed out waiting for the confirmation. Back a few years ago, a “court confirmation” probate listing in my area took 4 months to obtain AFTER it was already listed so “50+” days is really not that long.

There are generally less offers on an older home than a newer one. A “traditional sale,” probate or not, with “tons of equity,” is exactly the type of property you HOPE you can strike a deal on, Scarlett!

Just ask yourself if you want to be 12th in line after offering list price for an REO (cleaned up or not). Or if you want to wait 3-5 months for a lender to decide if they will accept your “short” offer (or not), that “underwater sellers” have already accepted … lol. Meanwhile, your earnest money check, although not yet deposited in escrow, has been presented with your offer and “earmarked” for a property that could take you months to find out if you even have a chance at purchasing it and you are NOT available to continue making offers. If you find another property in the interim that you want to place an offer on, you will have to cancel your short-sale transaction to get your earnest-money check back. By that time, your “interim” property could go pending (to someone else).

The above paragraph describes typical scenarios when you attempt to place an offer on a *newer* property which is either an REO or “wishful short-sale.” :={

[Scarlett]

[quote=AN]I understand, that’s why I suggest you talk to the house with a lot of cars before you rule out a house. My neighbor have 4 cars between him and his wife. His son used to live with him too, so that’s 5 cars. My parents have 4 cars and my brother have 2. He’s still living at home. Those are just two examples.

BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Why would one have more than one car per driver?!(Unless you are a collector, or just love cars.). We only recently, very reluctantly bought a 2nd car, and I still think we caved in and waste money on this 2nd car. We could have tried to use public transportation or carpool with friends – better for the environment and saves money. I can’t conceive ever needing more than 1 car per person. I can understand perhaps, in addition to each worker’s commute car have an extra family/large SUV car.

[Scarlett]

[quote=AN]I understand, that’s why I suggest you talk to the house with a lot of cars before you rule out a house. My neighbor have 4 cars between him and his wife. His son used to live with him too, so that’s 5 cars. My parents have 4 cars and my brother have 2. He’s still living at home. Those are just two examples.

BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Why would one have more than one car per driver?!(Unless you are a collector, or just love cars.). We only recently, very reluctantly bought a 2nd car, and I still think we caved in and waste money on this 2nd car. We could have tried to use public transportation or carpool with friends – better for the environment and saves money. I can’t conceive ever needing more than 1 car per person. I can understand perhaps, in addition to each worker’s commute car have an extra family/large SUV car.

[Scarlett]

[quote=AN]I understand, that’s why I suggest you talk to the house with a lot of cars before you rule out a house. My neighbor have 4 cars between him and his wife. His son used to live with him too, so that’s 5 cars. My parents have 4 cars and my brother have 2. He’s still living at home. Those are just two examples.

BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Why would one have more than one car per driver?!(Unless you are a collector, or just love cars.). We only recently, very reluctantly bought a 2nd car, and I still think we caved in and waste money on this 2nd car. We could have tried to use public transportation or carpool with friends – better for the environment and saves money. I can’t conceive ever needing more than 1 car per person. I can understand perhaps, in addition to each worker’s commute car have an extra family/large SUV car.

[Scarlett]

[quote=AN]I understand, that’s why I suggest you talk to the house with a lot of cars before you rule out a house. My neighbor have 4 cars between him and his wife. His son used to live with him too, so that’s 5 cars. My parents have 4 cars and my brother have 2. He’s still living at home. Those are just two examples.

BTW, this is not specific to MM. I’m just suggesting that in general. I noticed that old neighborhood tend to have a lot more cars on the street than newer neighborhood, especially ones w/ HOA, since they tend to either prohibit that or the type of people who buy in those areas tend to not be pack rats with many cars or have their kids living with them.[/quote]

Why would one have more than one car per driver?!(Unless you are a collector, or just love cars.). We only recently, very reluctantly bought a 2nd car, and I still think we caved in and waste money on this 2nd car. We could have tried to use public transportation or carpool with friends – better for the environment and saves money. I can’t conceive ever needing more than 1 car per person. I can understand perhaps, in addition to each worker’s commute car have an extra family/large SUV car.

[Author]

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