Del Sur

[bushman1]

My husband and I are looking to purchase a 3 bdrm condo or small home within the next year. My husband commutes to Temecula 5 days a week from Carmel Mountain (we rent 3bdrm $2285 per mo.). We like the Del Sur Mandolin #3 layout but we are concerned about the taxes(mello roos),HOA, current short sales in the area, overbuilding. We would like a new home, which would be our retirement place as well. The kids are grown and we hope to retire in 6 years.We are open to looking at communities including La Costa, SEH or anywhere nice. The husband likes to surf so we would like to be within 20 minutes to the ocean. We like a quiet enviornment but not 55+.
Of course this will be a big investment for us.
Questions and help needed!

1. Will the Mandolin and Del Sur hold it’s value?
2. Should we concentrate on Short Sales in new areas as opposed to selecting a current release?
3. If buying from a builder, how much negotiating can we do on price and upgrades?
4.Any ideas on a place that fits our needs?
Thanks very much!

[paramount]

To much downside risk. The short term is a time to rent, not buy.

[paramount]

To much downside risk. The short term is a time to rent, not buy.

[paramount]

To much downside risk. The short term is a time to rent, not buy.

[paramount]

To much downside risk. The short term is a time to rent, not buy.

[paramount]

To much downside risk. The short term is a time to rent, not buy.

[ocrenter]

Definitely this would be a bad choice.
#1, the prices are in the mid 400s to low 500s. Add a few upgrades and you are definitely in the low to mid 500s. There are new detached homes essentially just 50k more within del sur. There have been some larger mid 2000 sqft homes from kensington resale around mid to high 500s.
#2, the number of distressed homes within del sur should be very high, which means those bigger sfr homes sold back during the peak will continue to come on to the market essentially at a price point just slightly higher than condo pricing of mandolin. Which means more downward pressure on price.
#3, del sur unfortunately has THE highest MR in the entire county. Which means you really have to score a fantastic purchase price to make mandolin make sense.

For the similar price point of 500k. You can score a resale sfr in SEH.

[ocrenter]

Definitely this would be a bad choice.
#1, the prices are in the mid 400s to low 500s. Add a few upgrades and you are definitely in the low to mid 500s. There are new detached homes essentially just 50k more within del sur. There have been some larger mid 2000 sqft homes from kensington resale around mid to high 500s.
#2, the number of distressed homes within del sur should be very high, which means those bigger sfr homes sold back during the peak will continue to come on to the market essentially at a price point just slightly higher than condo pricing of mandolin. Which means more downward pressure on price.
#3, del sur unfortunately has THE highest MR in the entire county. Which means you really have to score a fantastic purchase price to make mandolin make sense.

For the similar price point of 500k. You can score a resale sfr in SEH.

[ocrenter]

Definitely this would be a bad choice.
#1, the prices are in the mid 400s to low 500s. Add a few upgrades and you are definitely in the low to mid 500s. There are new detached homes essentially just 50k more within del sur. There have been some larger mid 2000 sqft homes from kensington resale around mid to high 500s.
#2, the number of distressed homes within del sur should be very high, which means those bigger sfr homes sold back during the peak will continue to come on to the market essentially at a price point just slightly higher than condo pricing of mandolin. Which means more downward pressure on price.
#3, del sur unfortunately has THE highest MR in the entire county. Which means you really have to score a fantastic purchase price to make mandolin make sense.

For the similar price point of 500k. You can score a resale sfr in SEH.

[ocrenter]

Definitely this would be a bad choice.
#1, the prices are in the mid 400s to low 500s. Add a few upgrades and you are definitely in the low to mid 500s. There are new detached homes essentially just 50k more within del sur. There have been some larger mid 2000 sqft homes from kensington resale around mid to high 500s.
#2, the number of distressed homes within del sur should be very high, which means those bigger sfr homes sold back during the peak will continue to come on to the market essentially at a price point just slightly higher than condo pricing of mandolin. Which means more downward pressure on price.
#3, del sur unfortunately has THE highest MR in the entire county. Which means you really have to score a fantastic purchase price to make mandolin make sense.

For the similar price point of 500k. You can score a resale sfr in SEH.

[ocrenter]

Definitely this would be a bad choice.
#1, the prices are in the mid 400s to low 500s. Add a few upgrades and you are definitely in the low to mid 500s. There are new detached homes essentially just 50k more within del sur. There have been some larger mid 2000 sqft homes from kensington resale around mid to high 500s.
#2, the number of distressed homes within del sur should be very high, which means those bigger sfr homes sold back during the peak will continue to come on to the market essentially at a price point just slightly higher than condo pricing of mandolin. Which means more downward pressure on price.
#3, del sur unfortunately has THE highest MR in the entire county. Which means you really have to score a fantastic purchase price to make mandolin make sense.

For the similar price point of 500k. You can score a resale sfr in SEH.

[bushman1]

Thank you both for your comments. It is nice to get educated advice removed from the spin of sales and buying desire.
This is a great website and greatly appreciated.

[bushman1]

Thank you both for your comments. It is nice to get educated advice removed from the spin of sales and buying desire.
This is a great website and greatly appreciated.

[bushman1]

Thank you both for your comments. It is nice to get educated advice removed from the spin of sales and buying desire.
This is a great website and greatly appreciated.

[bushman1]

Thank you both for your comments. It is nice to get educated advice removed from the spin of sales and buying desire.
This is a great website and greatly appreciated.

[Author]

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