Home › Forums › Closed Forums › Properties or Areas › Is Oceanside ripe?
- This topic has 45 replies, 5 voices, and was last updated 15 years, 10 months ago by
SD Realtor.
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April 11, 2009 at 5:30 PM #379673April 11, 2009 at 5:44 PM #379911
SD Realtor
ParticipantWhat we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.
We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.
April 11, 2009 at 5:44 PM #380038SD Realtor
ParticipantWhat we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.
We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.
April 11, 2009 at 5:44 PM #379412SD Realtor
ParticipantWhat we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.
We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.
April 11, 2009 at 5:44 PM #379683SD Realtor
ParticipantWhat we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.
We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.
April 11, 2009 at 5:44 PM #379866SD Realtor
ParticipantWhat we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.
We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.
April 13, 2009 at 1:25 AM #379923CA renter
ParticipantSDR,
I’m seeing flippers! They’re coming out of the woodwork, it seems.
We’ll remain on this here comfy fence as long as they are driving the market. 😉
April 13, 2009 at 1:25 AM #380197CA renter
ParticipantSDR,
I’m seeing flippers! They’re coming out of the woodwork, it seems.
We’ll remain on this here comfy fence as long as they are driving the market. 😉
April 13, 2009 at 1:25 AM #380381CA renter
ParticipantSDR,
I’m seeing flippers! They’re coming out of the woodwork, it seems.
We’ll remain on this here comfy fence as long as they are driving the market. 😉
April 13, 2009 at 1:25 AM #380428CA renter
ParticipantSDR,
I’m seeing flippers! They’re coming out of the woodwork, it seems.
We’ll remain on this here comfy fence as long as they are driving the market. 😉
April 13, 2009 at 1:25 AM #380556CA renter
ParticipantSDR,
I’m seeing flippers! They’re coming out of the woodwork, it seems.
We’ll remain on this here comfy fence as long as they are driving the market. 😉
April 13, 2009 at 8:27 AM #379963SD Realtor
ParticipantCAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.
The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.
Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.
Consider my statement ammended!
April 13, 2009 at 8:27 AM #380236SD Realtor
ParticipantCAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.
The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.
Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.
Consider my statement ammended!
April 13, 2009 at 8:27 AM #380421SD Realtor
ParticipantCAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.
The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.
Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.
Consider my statement ammended!
April 13, 2009 at 8:27 AM #380468SD Realtor
ParticipantCAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.
The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.
Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.
Consider my statement ammended!
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