Mira Mesa dropping real fast, 10634 Kemerton Rd.

[ninaprincess]

This just closed yesterday for $428,000 with canyon views. My cousin bought a 1900 sq ft home about a year ago on the same street (Penera) for $480,000. The condition of my cousin house was not as good as this one. One prob they both have is powerlines in the back.

http://www.sdlookup.com/MLS-110029301-10634_Kemerton_Rd_San_Diego_CA_92126

[scaredyclassic]

we didn’t buy a house that had power lines. i thought it was fine, my wife was creeped out. they were near the bedroom windows. if it were on the other side of the house, i probably coulda talked her into it. that place was cheap!

[scaredyclassic]

we didn’t buy a house that had power lines. i thought it was fine, my wife was creeped out. they were near the bedroom windows. if it were on the other side of the house, i probably coulda talked her into it. that place was cheap!

[scaredyclassic]

we didn’t buy a house that had power lines. i thought it was fine, my wife was creeped out. they were near the bedroom windows. if it were on the other side of the house, i probably coulda talked her into it. that place was cheap!

[scaredyclassic]

we didn’t buy a house that had power lines. i thought it was fine, my wife was creeped out. they were near the bedroom windows. if it were on the other side of the house, i probably coulda talked her into it. that place was cheap!

[scaredyclassic]

we didn’t buy a house that had power lines. i thought it was fine, my wife was creeped out. they were near the bedroom windows. if it were on the other side of the house, i probably coulda talked her into it. that place was cheap!

[an]

Same floor plan, but no power line : http://www.sdlookup.com/MLS-110019882-10695_Brookhollow_Ct_San_Diego_CA_92126

I do find that big houses in Mira Mesa has much lower premiums compare to smaller houses. People seem to be paying much more for upgraded houses: http://www.sdlookup.com/MLS-110026720-7885_Calico_St_San_Diego_CA_92126

[an]

Same floor plan, but no power line : http://www.sdlookup.com/MLS-110019882-10695_Brookhollow_Ct_San_Diego_CA_92126

I do find that big houses in Mira Mesa has much lower premiums compare to smaller houses. People seem to be paying much more for upgraded houses: http://www.sdlookup.com/MLS-110026720-7885_Calico_St_San_Diego_CA_92126

[an]

Same floor plan, but no power line : http://www.sdlookup.com/MLS-110019882-10695_Brookhollow_Ct_San_Diego_CA_92126

I do find that big houses in Mira Mesa has much lower premiums compare to smaller houses. People seem to be paying much more for upgraded houses: http://www.sdlookup.com/MLS-110026720-7885_Calico_St_San_Diego_CA_92126

[an]

Same floor plan, but no power line : http://www.sdlookup.com/MLS-110019882-10695_Brookhollow_Ct_San_Diego_CA_92126

I do find that big houses in Mira Mesa has much lower premiums compare to smaller houses. People seem to be paying much more for upgraded houses: http://www.sdlookup.com/MLS-110026720-7885_Calico_St_San_Diego_CA_92126

[an]

Same floor plan, but no power line : http://www.sdlookup.com/MLS-110019882-10695_Brookhollow_Ct_San_Diego_CA_92126

I do find that big houses in Mira Mesa has much lower premiums compare to smaller houses. People seem to be paying much more for upgraded houses: http://www.sdlookup.com/MLS-110026720-7885_Calico_St_San_Diego_CA_92126

[recordsclerk]

It’s not the upgrades as much as the type of flexible lending in flipped homes. Most buyers/1st time buyers in the under $400K market have marginal down payments and want a finished home they can just make payments on. Foreclosures and Short Sales usually only offer conventional lending and are missing out on large portion of buyers. That’s why the FHA/VA buyers gravitate towards the flipped homes. If you don’t have the money for a conventional loan, you won’t have the money to re-model after the purchase. This is how flippers are making a living. People like convenience and are willing to over pay for the service. There are a lot of concessions (down payment assistance, closing cost) that are not seen or recorded on a flip sale. The best deals are short sales, followed by foreclosures in today’s market.

[recordsclerk]

It’s not the upgrades as much as the type of flexible lending in flipped homes. Most buyers/1st time buyers in the under $400K market have marginal down payments and want a finished home they can just make payments on. Foreclosures and Short Sales usually only offer conventional lending and are missing out on large portion of buyers. That’s why the FHA/VA buyers gravitate towards the flipped homes. If you don’t have the money for a conventional loan, you won’t have the money to re-model after the purchase. This is how flippers are making a living. People like convenience and are willing to over pay for the service. There are a lot of concessions (down payment assistance, closing cost) that are not seen or recorded on a flip sale. The best deals are short sales, followed by foreclosures in today’s market.

[recordsclerk]

It’s not the upgrades as much as the type of flexible lending in flipped homes. Most buyers/1st time buyers in the under $400K market have marginal down payments and want a finished home they can just make payments on. Foreclosures and Short Sales usually only offer conventional lending and are missing out on large portion of buyers. That’s why the FHA/VA buyers gravitate towards the flipped homes. If you don’t have the money for a conventional loan, you won’t have the money to re-model after the purchase. This is how flippers are making a living. People like convenience and are willing to over pay for the service. There are a lot of concessions (down payment assistance, closing cost) that are not seen or recorded on a flip sale. The best deals are short sales, followed by foreclosures in today’s market.

[recordsclerk]

It’s not the upgrades as much as the type of flexible lending in flipped homes. Most buyers/1st time buyers in the under $400K market have marginal down payments and want a finished home they can just make payments on. Foreclosures and Short Sales usually only offer conventional lending and are missing out on large portion of buyers. That’s why the FHA/VA buyers gravitate towards the flipped homes. If you don’t have the money for a conventional loan, you won’t have the money to re-model after the purchase. This is how flippers are making a living. People like convenience and are willing to over pay for the service. There are a lot of concessions (down payment assistance, closing cost) that are not seen or recorded on a flip sale. The best deals are short sales, followed by foreclosures in today’s market.

[Author]

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