multiple offers in Temecula

[paramount]

Recordclerk: So typical – I suppose you live in RSF.

More Central for who?

Less desirable for who?

You snob.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[recordsclerk]

Are you telling me that you do not prefer La Jolla over Temecula? I probably earn less then 99% of the people on this blog, but I haven’t lost my since of realty when it comes to more desirable areas. That’s what makes an area more valuable then another area. I’m currently shopping in Chula Vista for a home since I can’t afford RSF, but given the chance I would prefer RSF. I think Temecula has it’s charm and have actually thought about living there, but the commute is a killer.

[sdnerd]

Re: paramount

Central to where there is job density, and more higher paying jobs are located perhaps?

Areas where prices were lowest to begin with, and have been hit the hardest. These areas by definition are the least desirable, or they wouldn’t be the cheapest. Supply and demand and all that.

I agree completely with recordsclerk. It looks like you read it as a personal attack, I’m not sure why.

A co-worker today picked up a forclosure for 50% off from the peak, because he was tired of commuting 3 hours each day and buy now equals rent for that property. Bargain hunters are starting to come out. (Although I would agree, we aren’t at the bottom yet)

[sdnerd]

Re: paramount

Central to where there is job density, and more higher paying jobs are located perhaps?

Areas where prices were lowest to begin with, and have been hit the hardest. These areas by definition are the least desirable, or they wouldn’t be the cheapest. Supply and demand and all that.

I agree completely with recordsclerk. It looks like you read it as a personal attack, I’m not sure why.

A co-worker today picked up a forclosure for 50% off from the peak, because he was tired of commuting 3 hours each day and buy now equals rent for that property. Bargain hunters are starting to come out. (Although I would agree, we aren’t at the bottom yet)

[sdnerd]

Re: paramount

Central to where there is job density, and more higher paying jobs are located perhaps?

Areas where prices were lowest to begin with, and have been hit the hardest. These areas by definition are the least desirable, or they wouldn’t be the cheapest. Supply and demand and all that.

I agree completely with recordsclerk. It looks like you read it as a personal attack, I’m not sure why.

A co-worker today picked up a forclosure for 50% off from the peak, because he was tired of commuting 3 hours each day and buy now equals rent for that property. Bargain hunters are starting to come out. (Although I would agree, we aren’t at the bottom yet)

[sdnerd]

Re: paramount

Central to where there is job density, and more higher paying jobs are located perhaps?

Areas where prices were lowest to begin with, and have been hit the hardest. These areas by definition are the least desirable, or they wouldn’t be the cheapest. Supply and demand and all that.

I agree completely with recordsclerk. It looks like you read it as a personal attack, I’m not sure why.

A co-worker today picked up a forclosure for 50% off from the peak, because he was tired of commuting 3 hours each day and buy now equals rent for that property. Bargain hunters are starting to come out. (Although I would agree, we aren’t at the bottom yet)

[sdnerd]

Re: paramount

Central to where there is job density, and more higher paying jobs are located perhaps?

Areas where prices were lowest to begin with, and have been hit the hardest. These areas by definition are the least desirable, or they wouldn’t be the cheapest. Supply and demand and all that.

I agree completely with recordsclerk. It looks like you read it as a personal attack, I’m not sure why.

A co-worker today picked up a forclosure for 50% off from the peak, because he was tired of commuting 3 hours each day and buy now equals rent for that property. Bargain hunters are starting to come out. (Although I would agree, we aren’t at the bottom yet)

[hipmatt]

pizzaman is right. In temecula and murrieta, agents price a home ridiculously low, and the home gets bombarded with offers, the agent then tells each new offerer about all the competition and an unofficial auction is created. I have seen this a few times, on of the worst offenders is this lady…
http://redfin.com/stingray/do/printable-listing?listing-id=1415539
this home backs up to a green belt, and you can bag on French Valley all you want, but there is NOTHING this nice for $200k. An agent friend of mine spoke to her (she doesn’t return calls) and she confirmed the scheme. I believe she said it they were looking at an offer for 280k.
Here is another on of her listings..
http://redfin.com/stingray/do/printable-listing?listing-id=875770
Listing Price History
Date Price
Jul 01, 2007 $439,000
Sep 24, 2007 $429,000
Oct 19, 2007 $409,000
Dec 04, 2007 $379,000
Feb 04, 2008 $250,000

Anything that isn’t priced VERY competitively isn’t moving, but I will say that the aggressively priced REOs are moving quite well.

I have a personal theory that there is a temporary decrease in inventory up here while MANY homes transition from failed attempts at short sales to full on bank owned status. I can say that on my street alone there are at least 3 homes in the process of having one sign brought down, only to have the bank take ownership and put another sign up. I’ve seen the banks changing locks on numerous homes. Once even before the home had foreclosed.

[hipmatt]

pizzaman is right. In temecula and murrieta, agents price a home ridiculously low, and the home gets bombarded with offers, the agent then tells each new offerer about all the competition and an unofficial auction is created. I have seen this a few times, on of the worst offenders is this lady…
http://redfin.com/stingray/do/printable-listing?listing-id=1415539
this home backs up to a green belt, and you can bag on French Valley all you want, but there is NOTHING this nice for $200k. An agent friend of mine spoke to her (she doesn’t return calls) and she confirmed the scheme. I believe she said it they were looking at an offer for 280k.
Here is another on of her listings..
http://redfin.com/stingray/do/printable-listing?listing-id=875770
Listing Price History
Date Price
Jul 01, 2007 $439,000
Sep 24, 2007 $429,000
Oct 19, 2007 $409,000
Dec 04, 2007 $379,000
Feb 04, 2008 $250,000

Anything that isn’t priced VERY competitively isn’t moving, but I will say that the aggressively priced REOs are moving quite well.

I have a personal theory that there is a temporary decrease in inventory up here while MANY homes transition from failed attempts at short sales to full on bank owned status. I can say that on my street alone there are at least 3 homes in the process of having one sign brought down, only to have the bank take ownership and put another sign up. I’ve seen the banks changing locks on numerous homes. Once even before the home had foreclosed.

[hipmatt]

pizzaman is right. In temecula and murrieta, agents price a home ridiculously low, and the home gets bombarded with offers, the agent then tells each new offerer about all the competition and an unofficial auction is created. I have seen this a few times, on of the worst offenders is this lady…
http://redfin.com/stingray/do/printable-listing?listing-id=1415539
this home backs up to a green belt, and you can bag on French Valley all you want, but there is NOTHING this nice for $200k. An agent friend of mine spoke to her (she doesn’t return calls) and she confirmed the scheme. I believe she said it they were looking at an offer for 280k.
Here is another on of her listings..
http://redfin.com/stingray/do/printable-listing?listing-id=875770
Listing Price History
Date Price
Jul 01, 2007 $439,000
Sep 24, 2007 $429,000
Oct 19, 2007 $409,000
Dec 04, 2007 $379,000
Feb 04, 2008 $250,000

Anything that isn’t priced VERY competitively isn’t moving, but I will say that the aggressively priced REOs are moving quite well.

I have a personal theory that there is a temporary decrease in inventory up here while MANY homes transition from failed attempts at short sales to full on bank owned status. I can say that on my street alone there are at least 3 homes in the process of having one sign brought down, only to have the bank take ownership and put another sign up. I’ve seen the banks changing locks on numerous homes. Once even before the home had foreclosed.

[hipmatt]

pizzaman is right. In temecula and murrieta, agents price a home ridiculously low, and the home gets bombarded with offers, the agent then tells each new offerer about all the competition and an unofficial auction is created. I have seen this a few times, on of the worst offenders is this lady…
http://redfin.com/stingray/do/printable-listing?listing-id=1415539
this home backs up to a green belt, and you can bag on French Valley all you want, but there is NOTHING this nice for $200k. An agent friend of mine spoke to her (she doesn’t return calls) and she confirmed the scheme. I believe she said it they were looking at an offer for 280k.
Here is another on of her listings..
http://redfin.com/stingray/do/printable-listing?listing-id=875770
Listing Price History
Date Price
Jul 01, 2007 $439,000
Sep 24, 2007 $429,000
Oct 19, 2007 $409,000
Dec 04, 2007 $379,000
Feb 04, 2008 $250,000

Anything that isn’t priced VERY competitively isn’t moving, but I will say that the aggressively priced REOs are moving quite well.

I have a personal theory that there is a temporary decrease in inventory up here while MANY homes transition from failed attempts at short sales to full on bank owned status. I can say that on my street alone there are at least 3 homes in the process of having one sign brought down, only to have the bank take ownership and put another sign up. I’ve seen the banks changing locks on numerous homes. Once even before the home had foreclosed.

[Author]

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