Creating a sense of urgency. You better buy now!

[SD Realtor]

He is selling his home. He wants to build another one after he sells. He has posted as such in another thread.

It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[SD Realtor]

Ox do not just reprice your home without doing it correctly. It is somewhat disconcerting that this advice was not given to you when you first listed the home rather then right now. Also know most of the homes for sale on Serbal are not REO sales. Some of them are regular resales, some are short sales, maybe 1 or two is an REO. I have to check.

Consider to ask your agent to send you the SOLDS for comparable homes in the past few months. You need to look at that. If that is not available because of no sales then look at the PENDINGS. Call the listing agents for those to see what you can get. Think about getting an appraisal done because here is something else you are not considering. No matter what you LIST your home to sell at, if a buyer comes along and it does not appraise, that buyer may back out of the deal.

Finally have you gone out and visited the homes that are competing against your home? Ask your agent to bring you out to see them to see what you are up against. Then you should think about what you need to do to make your home show better and/or undercut them in price.

Don’t just lower the price to lower the price. Due your diligence, then lower the price accordingly.

Unfortunately the first few weeks are the most crucial time of the listing. However if you price competitively and you are firmly aware of the comps and your competition you will sell your home.

[SD Realtor]

Ox do not just reprice your home without doing it correctly. It is somewhat disconcerting that this advice was not given to you when you first listed the home rather then right now. Also know most of the homes for sale on Serbal are not REO sales. Some of them are regular resales, some are short sales, maybe 1 or two is an REO. I have to check.

Consider to ask your agent to send you the SOLDS for comparable homes in the past few months. You need to look at that. If that is not available because of no sales then look at the PENDINGS. Call the listing agents for those to see what you can get. Think about getting an appraisal done because here is something else you are not considering. No matter what you LIST your home to sell at, if a buyer comes along and it does not appraise, that buyer may back out of the deal.

Finally have you gone out and visited the homes that are competing against your home? Ask your agent to bring you out to see them to see what you are up against. Then you should think about what you need to do to make your home show better and/or undercut them in price.

Don’t just lower the price to lower the price. Due your diligence, then lower the price accordingly.

Unfortunately the first few weeks are the most crucial time of the listing. However if you price competitively and you are firmly aware of the comps and your competition you will sell your home.

[SD Realtor]

Ox do not just reprice your home without doing it correctly. It is somewhat disconcerting that this advice was not given to you when you first listed the home rather then right now. Also know most of the homes for sale on Serbal are not REO sales. Some of them are regular resales, some are short sales, maybe 1 or two is an REO. I have to check.

Consider to ask your agent to send you the SOLDS for comparable homes in the past few months. You need to look at that. If that is not available because of no sales then look at the PENDINGS. Call the listing agents for those to see what you can get. Think about getting an appraisal done because here is something else you are not considering. No matter what you LIST your home to sell at, if a buyer comes along and it does not appraise, that buyer may back out of the deal.

Finally have you gone out and visited the homes that are competing against your home? Ask your agent to bring you out to see them to see what you are up against. Then you should think about what you need to do to make your home show better and/or undercut them in price.

Don’t just lower the price to lower the price. Due your diligence, then lower the price accordingly.

Unfortunately the first few weeks are the most crucial time of the listing. However if you price competitively and you are firmly aware of the comps and your competition you will sell your home.

[SD Realtor]

Ox do not just reprice your home without doing it correctly. It is somewhat disconcerting that this advice was not given to you when you first listed the home rather then right now. Also know most of the homes for sale on Serbal are not REO sales. Some of them are regular resales, some are short sales, maybe 1 or two is an REO. I have to check.

Consider to ask your agent to send you the SOLDS for comparable homes in the past few months. You need to look at that. If that is not available because of no sales then look at the PENDINGS. Call the listing agents for those to see what you can get. Think about getting an appraisal done because here is something else you are not considering. No matter what you LIST your home to sell at, if a buyer comes along and it does not appraise, that buyer may back out of the deal.

Finally have you gone out and visited the homes that are competing against your home? Ask your agent to bring you out to see them to see what you are up against. Then you should think about what you need to do to make your home show better and/or undercut them in price.

Don’t just lower the price to lower the price. Due your diligence, then lower the price accordingly.

Unfortunately the first few weeks are the most crucial time of the listing. However if you price competitively and you are firmly aware of the comps and your competition you will sell your home.

[SD Realtor]

Ox do not just reprice your home without doing it correctly. It is somewhat disconcerting that this advice was not given to you when you first listed the home rather then right now. Also know most of the homes for sale on Serbal are not REO sales. Some of them are regular resales, some are short sales, maybe 1 or two is an REO. I have to check.

Consider to ask your agent to send you the SOLDS for comparable homes in the past few months. You need to look at that. If that is not available because of no sales then look at the PENDINGS. Call the listing agents for those to see what you can get. Think about getting an appraisal done because here is something else you are not considering. No matter what you LIST your home to sell at, if a buyer comes along and it does not appraise, that buyer may back out of the deal.

Finally have you gone out and visited the homes that are competing against your home? Ask your agent to bring you out to see them to see what you are up against. Then you should think about what you need to do to make your home show better and/or undercut them in price.

Don’t just lower the price to lower the price. Due your diligence, then lower the price accordingly.

Unfortunately the first few weeks are the most crucial time of the listing. However if you price competitively and you are firmly aware of the comps and your competition you will sell your home.

[pepsi]

[quote=SD Realtor]He is selling his home. He wants to build another one after he sells. He has posted as such in another thread.

It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.

[/quote]

Maybe you didn’t read all details in my post, because I did say his house dollar amount will be up if high inflation hit us. (mid term & macro economy)

But in the short term, with iraq war ending and cold war weapon orders drying up, we will see house price drop in San Diego. (short term local house price)

[pepsi]

[quote=SD Realtor]He is selling his home. He wants to build another one after he sells. He has posted as such in another thread.

It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.

[/quote]

Maybe you didn’t read all details in my post, because I did say his house dollar amount will be up if high inflation hit us. (mid term & macro economy)

But in the short term, with iraq war ending and cold war weapon orders drying up, we will see house price drop in San Diego. (short term local house price)

[pepsi]

[quote=SD Realtor]He is selling his home. He wants to build another one after he sells. He has posted as such in another thread.

It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.

[/quote]

Maybe you didn’t read all details in my post, because I did say his house dollar amount will be up if high inflation hit us. (mid term & macro economy)

But in the short term, with iraq war ending and cold war weapon orders drying up, we will see house price drop in San Diego. (short term local house price)

[pepsi]

[quote=SD Realtor]He is selling his home. He wants to build another one after he sells. He has posted as such in another thread.

It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.

[/quote]

Maybe you didn’t read all details in my post, because I did say his house dollar amount will be up if high inflation hit us. (mid term & macro economy)

But in the short term, with iraq war ending and cold war weapon orders drying up, we will see house price drop in San Diego. (short term local house price)

[Author]

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