Is it a good time to buy home in 4s ranch

[skasavaraju]

Hi,

Recently I read comments regarding the post
“Seeking advice buying in Carmel Valley vs 4S ranch.”
Many people mentioned those house prices are going to drop further. We recently booked the home in evergreen 4s ranch (3451 sft with 3 car garage and 6500 lot) we booked that house for 788k. We thought that time (in March) it was a good price. Now after reading this we are not sure whether we should close the escrow or not.

I appreciate your opinions

-Thanks

[wantobuy]

Can you get your deposit back?
Evergreen has nice floor plans. However go check out Maybeck homes. Mayback has a corner house for sale, around 3500 sq ft, asking for $776K, $25K incentive, many upgrades in the house including granite in kitch and every bath.

[wantobuy]

Can you get your deposit back?
Evergreen has nice floor plans. However go check out Maybeck homes. Mayback has a corner house for sale, around 3500 sq ft, asking for $776K, $25K incentive, many upgrades in the house including granite in kitch and every bath.

[lendingbubblecontinues]

To anyone brilliant enough to even consider buying in Evergreen in 4S Ranch:

Now is as good a time as ever. C’mon…$1500 to $2000 a month in taxes and dues BEFORE you even pay dollar #1 of the principal and interest on your mortgage sounds like a GOOD idea to you people??

Go ahead…buy the stupid house…you know you NEED it!

[lendingbubblecontinues]

To anyone brilliant enough to even consider buying in Evergreen in 4S Ranch:

Now is as good a time as ever. C’mon…$1500 to $2000 a month in taxes and dues BEFORE you even pay dollar #1 of the principal and interest on your mortgage sounds like a GOOD idea to you people??

Go ahead…buy the stupid house…you know you NEED it!

[(former)FormerSanDiegan]

Try the following resources:

Risks of a Serious Home Price Decline

Evidence of a Southern California Housing Bubble

http://piggington.com/historical_home_prices_payments_rents_rates

[(former)FormerSanDiegan]

Try the following resources:

Risks of a Serious Home Price Decline

Evidence of a Southern California Housing Bubble

http://piggington.com/historical_home_prices_payments_rents_rates

[SD Realtor]

skasavaraju, wantobuy made a very good point. The purchase contracts you sign with the developers are pretty much air tight. They are not filled with contingencies like standard contracts used for resale homes. I do not believe you will be able to get your deposit back simply because you are changing your mind.

Please do not confuse my statement with saying you should follow through with the purchase. I know different people buy for different reasons… I also am stumped as to how the new home sales have been able to hold up, but they have much to the chagrin of alot of bears.

Personally, the 4s Ranch housing is not anything that turns me on. Regardless, I do believe that one of two things will happen in 4s. Either the new homes offered by the developers will come down in price, OR there will be more distressed sellers there and maybe they will come to reality and try to undercut the developers. Either way time will tell and I do feel that in the long run the deposit you will lose will be regained by buying at a lower price IFF you have patience.

No gaurantees though.

SD Realtor

[SD Realtor]

skasavaraju, wantobuy made a very good point. The purchase contracts you sign with the developers are pretty much air tight. They are not filled with contingencies like standard contracts used for resale homes. I do not believe you will be able to get your deposit back simply because you are changing your mind.

Please do not confuse my statement with saying you should follow through with the purchase. I know different people buy for different reasons… I also am stumped as to how the new home sales have been able to hold up, but they have much to the chagrin of alot of bears.

Personally, the 4s Ranch housing is not anything that turns me on. Regardless, I do believe that one of two things will happen in 4s. Either the new homes offered by the developers will come down in price, OR there will be more distressed sellers there and maybe they will come to reality and try to undercut the developers. Either way time will tell and I do feel that in the long run the deposit you will lose will be regained by buying at a lower price IFF you have patience.

No gaurantees though.

SD Realtor

[sdcellar]

New house prices in 4S have come down significantly and that’s why they sell.

What’s surprising is how many people don’t realize that there’s no reason they shouldn’t continue to drop further.

[sdcellar]

New house prices in 4S have come down significantly and that’s why they sell.

What’s surprising is how many people don’t realize that there’s no reason they shouldn’t continue to drop further.

[HereWeGo]

Either the new homes offered by the developers will come down in price, OR there will be more distressed sellers there and maybe they will come to reality and try to undercut the developers.

Price war? Can the current occupents/owners afford it?

[HereWeGo]

Either the new homes offered by the developers will come down in price, OR there will be more distressed sellers there and maybe they will come to reality and try to undercut the developers.

Price war? Can the current occupents/owners afford it?

[skasavaraju]

First of all thank you for all you who expressed there opinions.
Yes we may loose our deposit. But the thing is if the price drops more than 100k (this happened since last one year). Initially Evergreen started with high 800 (As far as I remembered it is 860k when they didn’t even have model home) after one year the starting price has been dropped to 708k (plus 20k incentives). This is huge drop. So my concern if the house prices are going to drop further (like last year) it’s better to loose the deposit.

[skasavaraju]

First of all thank you for all you who expressed there opinions.
Yes we may loose our deposit. But the thing is if the price drops more than 100k (this happened since last one year). Initially Evergreen started with high 800 (As far as I remembered it is 860k when they didn’t even have model home) after one year the starting price has been dropped to 708k (plus 20k incentives). This is huge drop. So my concern if the house prices are going to drop further (like last year) it’s better to loose the deposit.

[Author]

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