Mission Hills: Low End Trends

[UCGal]

By trust sale – do you mean estate sale? Where the owner has died and the executor or the heirs are selling the home?

If this isn’t a good description of a trust sale – can you explain what a trust sale is. (Always looking to expand my knowledge.)

I’ve seen plenty of seriously overpriced list prices where the children of the previous owner felt the house was “special” and priced it way above market… I’ve seen this a lot more than estate situations that were under-priced.

[sdrealtor]

It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.

[sdrealtor]

It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.

[sdrealtor]

It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.

[sdrealtor]

It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.

[sdrealtor]

It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.

[UCGal]

[quote=sdrealtor]It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.[/quote]
Thanks for clarifying.

[UCGal]

[quote=sdrealtor]It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.[/quote]
Thanks for clarifying.

[UCGal]

[quote=sdrealtor]It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.[/quote]
Thanks for clarifying.

[UCGal]

[quote=sdrealtor]It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.[/quote]
Thanks for clarifying.

[UCGal]

[quote=sdrealtor]It was transferred to a new owner back in June 2010 from long time owners who likely died. It was put into a trust and its hard to know exactly what is going on. The heir may have passed away also or maybe its an elderly relative who is mentally incapcitated herself.

In a trust sale they usually do an appraisal and list it based upon that and then its is subject to court confirmation. In these cases they typically are listed low. This is different from a situation where children inherit their parents house and set the wishing price.[/quote]
Thanks for clarifying.

[bearishgurl]

Pem, even though on Goldfinch (a bit busy), the third listing is very charming. I haven’t seen a bathroom like that since I was in one in La Mesa Village . . . lol. But there was no lot size shown and no pics furnished that I could see the side lot(s) better. The lots on the two sold comps you gave was only about 4500 sf (a little substandard). Just wondering if a old one-car garage exists on the third listing (doesn’t say but it may be too narrow to park today’s cars and open like a woodshed). Also wondering if there is room to build a two-car garage with a one-car driveway to the front or perhaps alley-facing (can’t quite picture in my mind exactly how Goldfinch is south of University). I could see where buyers wouldn’t want to street park or park outside for around $465K. That’s the only issue I see so far as it is a very cute property in a great area within a short walk to all.

[bearishgurl]

Pem, even though on Goldfinch (a bit busy), the third listing is very charming. I haven’t seen a bathroom like that since I was in one in La Mesa Village . . . lol. But there was no lot size shown and no pics furnished that I could see the side lot(s) better. The lots on the two sold comps you gave was only about 4500 sf (a little substandard). Just wondering if a old one-car garage exists on the third listing (doesn’t say but it may be too narrow to park today’s cars and open like a woodshed). Also wondering if there is room to build a two-car garage with a one-car driveway to the front or perhaps alley-facing (can’t quite picture in my mind exactly how Goldfinch is south of University). I could see where buyers wouldn’t want to street park or park outside for around $465K. That’s the only issue I see so far as it is a very cute property in a great area within a short walk to all.

[bearishgurl]

Pem, even though on Goldfinch (a bit busy), the third listing is very charming. I haven’t seen a bathroom like that since I was in one in La Mesa Village . . . lol. But there was no lot size shown and no pics furnished that I could see the side lot(s) better. The lots on the two sold comps you gave was only about 4500 sf (a little substandard). Just wondering if a old one-car garage exists on the third listing (doesn’t say but it may be too narrow to park today’s cars and open like a woodshed). Also wondering if there is room to build a two-car garage with a one-car driveway to the front or perhaps alley-facing (can’t quite picture in my mind exactly how Goldfinch is south of University). I could see where buyers wouldn’t want to street park or park outside for around $465K. That’s the only issue I see so far as it is a very cute property in a great area within a short walk to all.

[bearishgurl]

Pem, even though on Goldfinch (a bit busy), the third listing is very charming. I haven’t seen a bathroom like that since I was in one in La Mesa Village . . . lol. But there was no lot size shown and no pics furnished that I could see the side lot(s) better. The lots on the two sold comps you gave was only about 4500 sf (a little substandard). Just wondering if a old one-car garage exists on the third listing (doesn’t say but it may be too narrow to park today’s cars and open like a woodshed). Also wondering if there is room to build a two-car garage with a one-car driveway to the front or perhaps alley-facing (can’t quite picture in my mind exactly how Goldfinch is south of University). I could see where buyers wouldn’t want to street park or park outside for around $465K. That’s the only issue I see so far as it is a very cute property in a great area within a short walk to all.

[Author]

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