Mira Mesa–11366-Alvarez-Meadow-Ct-92126

[ninaprincess]

Is this a short sale? The listed price is at about $80K under market price, I wonder why?

http://www.redfin.com/CA/San-Diego/11366-Alvarez-Meadow-Ct-92126/home/4562618

[sdrealtor]

Source says Crmls. That means not in local MLS and out of area agent that doesn’t know the local market

[UCGal]

It says right on the link you gave that it’s a short sale (look to the right of the pictures.

And it looks like, other than price, they’re not really marketing it… Pictures of toilets and of junk piled on top of washing machines? C’mon….

I suspect they already have a buyer picked out. Nothing to base that on other than crappy photos.

[briansd1]

If you know the market better than the agent, why not submit an offer?

I was able to buy a buy at about 15% under market. I believe that I got a good deal. The listing agent was from out of town.

[enron_by_the_sea]

Assuming there is no structural flaw in the house, definitely under the market!

Maybe a little short sale fraud in progress?

[an]

It’s not always that easy brian. I know, I’ve tried MANY times.

[briansd1]

Yeah, not easy, but it doesn’t hurt to make an offer. There’s no cost to that, and you might get lucky.

On my deal, a traditional organic sale where the listing agent was from out of town, I was the first offer and it was promptly accepted. I believe the seller accepted too soon.

On another deal, a short sale, I was the backup offer and I got that one too. It took about 4 months to close.

I didn’t get my hopes up, but I got lucky.

[Wah-Wah]

look like somebody needs to learn how to use the camera.

[Coronita]

[quote=Wah-Wah]look like somebody needs to learn how to use the camera.[/quote]

No they don’t because chances are the property itself sells itself and I bet it goes contingent already.

[poorgradstudent]

[quote=Wah-Wah]look like somebody needs to learn how to use the camera.[/quote]
This is true of a lot of MLS listings I’ve seen online. I’ve seen plenty of properties with nothing but camera phone pictures.

[sdrealtor]

FWIW I checked the comps and the price is about $100K too low. They can list it for whatever they want but any lender with half a brain will demand around 450K if not more.

[SD Realtor]

pipecleaner

[ltsddd]

del

[an]

[quote=sdrealtor]FWIW I checked the comps and the price is about $100K too low. They can list it for whatever they want but any lender with half a brain will demand around 450K if not more.[/quote]
Yep, the comps is around $450k. I’d be very surprised if the closing price is anywhere near the list price. Here’s a good comp that just closed today. http://www.sdlookup.com/MLS-120018197-11361_Dennig_Pl_San_Diego_CA_92126

[Wah-Wah]

[quote=AN][quote=sdrealtor]FWIW I checked the comps and the price is about $100K too low. They can list it for whatever they want but any lender with half a brain will demand around 450K if not more.[/quote]
Yep, the comps is around $450k. I’d be very surprised if the closing price is anywhere near the list price. Here’s a good comp that just closed today. http://www.sdlookup.com/MLS-120018197-11361_Dennig_Pl_San_Diego_CA_92126%5B/quote%5D

hi AN,

do you have the listing price history of this short sale. Look like the owner tried to sell this since june last year, and it was in pending twice before it sold.
thanks

[Author]

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