Home › Forums › Closed Forums › Properties or Areas › How much should a foreclosure property cost in CV?
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sdrealtor.
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March 25, 2011 at 10:22 AM #681940March 25, 2011 at 10:27 AM #680796
SK in CV
Participant[quote=SK in CV] And what is a nsp buyer?[/quote]
nevermind, i found it. Yes, that area suffers from severe blight and is in need of rejuvination.
March 25, 2011 at 10:27 AM #680849Participant[quote=SK in CV] And what is a nsp buyer?[/quote]
nevermind, i found it. Yes, that area suffers from severe blight and is in need of rejuvination.
March 25, 2011 at 10:27 AM #681466Participant[quote=SK in CV] And what is a nsp buyer?[/quote]
nevermind, i found it. Yes, that area suffers from severe blight and is in need of rejuvination.
March 25, 2011 at 10:27 AM #681605Participant[quote=SK in CV] And what is a nsp buyer?[/quote]
nevermind, i found it. Yes, that area suffers from severe blight and is in need of rejuvination.
March 25, 2011 at 10:27 AM #681955Participant[quote=SK in CV] And what is a nsp buyer?[/quote]
nevermind, i found it. Yes, that area suffers from severe blight and is in need of rejuvination.
March 25, 2011 at 10:33 AM #680806SD Realtor
ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
March 25, 2011 at 10:33 AM #680859ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
March 25, 2011 at 10:33 AM #681476ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
March 25, 2011 at 10:33 AM #681615ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
March 25, 2011 at 10:33 AM #681966ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
March 25, 2011 at 3:54 PM #680951zk
ParticipantI’ve seen a only a few foreclosures in CV in that range. And the only one I saw any discount on at all was in really bad condition.
The one I mentioned in an earlier post (Great Meadow Drive) sold for probably more than it was worth. I’m with everyone else here; I seriously doubt you’ll be able to pay anything less than full market value for that house.
As for whether it would drag down surrounding properties, well, obviously only if it sold at a discount. Which it most likely won’t. Foreclosures in this price range in CV are still quite rare. If there were a bunch of them, they could have an effect, I suppose. But the occasional one that sells at full market value won’t budge anything.
March 25, 2011 at 3:54 PM #681005ParticipantI’ve seen a only a few foreclosures in CV in that range. And the only one I saw any discount on at all was in really bad condition.
The one I mentioned in an earlier post (Great Meadow Drive) sold for probably more than it was worth. I’m with everyone else here; I seriously doubt you’ll be able to pay anything less than full market value for that house.
As for whether it would drag down surrounding properties, well, obviously only if it sold at a discount. Which it most likely won’t. Foreclosures in this price range in CV are still quite rare. If there were a bunch of them, they could have an effect, I suppose. But the occasional one that sells at full market value won’t budge anything.
March 25, 2011 at 3:54 PM #681620ParticipantI’ve seen a only a few foreclosures in CV in that range. And the only one I saw any discount on at all was in really bad condition.
The one I mentioned in an earlier post (Great Meadow Drive) sold for probably more than it was worth. I’m with everyone else here; I seriously doubt you’ll be able to pay anything less than full market value for that house.
As for whether it would drag down surrounding properties, well, obviously only if it sold at a discount. Which it most likely won’t. Foreclosures in this price range in CV are still quite rare. If there were a bunch of them, they could have an effect, I suppose. But the occasional one that sells at full market value won’t budge anything.
March 25, 2011 at 3:54 PM #681759ParticipantI’ve seen a only a few foreclosures in CV in that range. And the only one I saw any discount on at all was in really bad condition.
The one I mentioned in an earlier post (Great Meadow Drive) sold for probably more than it was worth. I’m with everyone else here; I seriously doubt you’ll be able to pay anything less than full market value for that house.
As for whether it would drag down surrounding properties, well, obviously only if it sold at a discount. Which it most likely won’t. Foreclosures in this price range in CV are still quite rare. If there were a bunch of them, they could have an effect, I suppose. But the occasional one that sells at full market value won’t budge anything.
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