North park flips… relatistic prices?

[sdrealtor]

SD R,
But its easier to sit back and complain than to take action. Then there is the matter of the risk of buying an older home without being able to inspect it and know what you are getting yourself into and whether you have the cash to deal with it.

Sorry but I never beleived the TS market was for owner occupants. You and I went back about JTR’s program which I said was a good tool for attracting buyer prospects. I predicted he would never sell a single one. How many has he sold so far since announcing the program last year? This isnt a criticism of him but rather a recognition that its not a game for primary home buyers.

[SD Realtor]

I absolutely agree with you about buying at TS not for owner occupants but I think there is a qualifier there for people who are savy enough to understand the risk and proactive enough to mitigate it. As you know this takes time, money and alot of elbow grease. People in default are not friendly to potential buyers but offering them some cash for an inspection for a few hours is not out of the question. Again, I am more of the opinion of be wary, and maybe TRY, and like you said, this is not for everyone. Yet for a few people who can roll up the sleeves, understand the risk, and maybe get some professional help to mitigate it, there may be opportunity.

[SD Realtor]

I absolutely agree with you about buying at TS not for owner occupants but I think there is a qualifier there for people who are savy enough to understand the risk and proactive enough to mitigate it. As you know this takes time, money and alot of elbow grease. People in default are not friendly to potential buyers but offering them some cash for an inspection for a few hours is not out of the question. Again, I am more of the opinion of be wary, and maybe TRY, and like you said, this is not for everyone. Yet for a few people who can roll up the sleeves, understand the risk, and maybe get some professional help to mitigate it, there may be opportunity.

[SD Realtor]

I absolutely agree with you about buying at TS not for owner occupants but I think there is a qualifier there for people who are savy enough to understand the risk and proactive enough to mitigate it. As you know this takes time, money and alot of elbow grease. People in default are not friendly to potential buyers but offering them some cash for an inspection for a few hours is not out of the question. Again, I am more of the opinion of be wary, and maybe TRY, and like you said, this is not for everyone. Yet for a few people who can roll up the sleeves, understand the risk, and maybe get some professional help to mitigate it, there may be opportunity.

[SD Realtor]

I absolutely agree with you about buying at TS not for owner occupants but I think there is a qualifier there for people who are savy enough to understand the risk and proactive enough to mitigate it. As you know this takes time, money and alot of elbow grease. People in default are not friendly to potential buyers but offering them some cash for an inspection for a few hours is not out of the question. Again, I am more of the opinion of be wary, and maybe TRY, and like you said, this is not for everyone. Yet for a few people who can roll up the sleeves, understand the risk, and maybe get some professional help to mitigate it, there may be opportunity.

[SD Realtor]

I absolutely agree with you about buying at TS not for owner occupants but I think there is a qualifier there for people who are savy enough to understand the risk and proactive enough to mitigate it. As you know this takes time, money and alot of elbow grease. People in default are not friendly to potential buyers but offering them some cash for an inspection for a few hours is not out of the question. Again, I am more of the opinion of be wary, and maybe TRY, and like you said, this is not for everyone. Yet for a few people who can roll up the sleeves, understand the risk, and maybe get some professional help to mitigate it, there may be opportunity.

[pemeliza]

“That is the thing though, yes it does suck, for many more people then just you and CAR. I can tell you I have had many many buyers who have been outbid like you guys. Same story.”

At some point I think there is a little over-dramatization going on here. The market is a hundred times better for long-term buyers now that in was 5 years ago considering current prices and interest rates. There are certainly great deals out there even for a typical organic transaction. I think the problem is when you compare the deals that the flipper is getting at the TS sale (probably mid to late 90’s nominal pricing in most cases), then the great deals that are out there for the general public look pretty lousy.

I remember looking at houses in mission hills back in 2001. With the current prices, available selection, lack of buyer competition, and ultra-low interest rates, I am reasonable confident that buyers are better off with today’s market than the market of 2001 if they plan on holding for the long term, have a steady job, and have the savings to pull the trigger.
Here is an example of a house I put a bid in back in 2001

http://www.sdlookup.com/Property-8A014915-1845_Sheridan_Ave_San_Diego_CA_92103

The house was in turnkey condition and on a prime street. But the reality is that the place I just bought last year for a similar price blows this one out of the water in all aspects except condition of house.

I realize that for certain price points and certain school districts prices have stayed high but for most buyers in SD it has been a bonanza and conditions are only getting better for buyers.

[pemeliza]

“That is the thing though, yes it does suck, for many more people then just you and CAR. I can tell you I have had many many buyers who have been outbid like you guys. Same story.”

At some point I think there is a little over-dramatization going on here. The market is a hundred times better for long-term buyers now that in was 5 years ago considering current prices and interest rates. There are certainly great deals out there even for a typical organic transaction. I think the problem is when you compare the deals that the flipper is getting at the TS sale (probably mid to late 90’s nominal pricing in most cases), then the great deals that are out there for the general public look pretty lousy.

I remember looking at houses in mission hills back in 2001. With the current prices, available selection, lack of buyer competition, and ultra-low interest rates, I am reasonable confident that buyers are better off with today’s market than the market of 2001 if they plan on holding for the long term, have a steady job, and have the savings to pull the trigger.
Here is an example of a house I put a bid in back in 2001

http://www.sdlookup.com/Property-8A014915-1845_Sheridan_Ave_San_Diego_CA_92103

The house was in turnkey condition and on a prime street. But the reality is that the place I just bought last year for a similar price blows this one out of the water in all aspects except condition of house.

I realize that for certain price points and certain school districts prices have stayed high but for most buyers in SD it has been a bonanza and conditions are only getting better for buyers.

[pemeliza]

“That is the thing though, yes it does suck, for many more people then just you and CAR. I can tell you I have had many many buyers who have been outbid like you guys. Same story.”

At some point I think there is a little over-dramatization going on here. The market is a hundred times better for long-term buyers now that in was 5 years ago considering current prices and interest rates. There are certainly great deals out there even for a typical organic transaction. I think the problem is when you compare the deals that the flipper is getting at the TS sale (probably mid to late 90’s nominal pricing in most cases), then the great deals that are out there for the general public look pretty lousy.

I remember looking at houses in mission hills back in 2001. With the current prices, available selection, lack of buyer competition, and ultra-low interest rates, I am reasonable confident that buyers are better off with today’s market than the market of 2001 if they plan on holding for the long term, have a steady job, and have the savings to pull the trigger.
Here is an example of a house I put a bid in back in 2001

http://www.sdlookup.com/Property-8A014915-1845_Sheridan_Ave_San_Diego_CA_92103

The house was in turnkey condition and on a prime street. But the reality is that the place I just bought last year for a similar price blows this one out of the water in all aspects except condition of house.

I realize that for certain price points and certain school districts prices have stayed high but for most buyers in SD it has been a bonanza and conditions are only getting better for buyers.

[pemeliza]

“That is the thing though, yes it does suck, for many more people then just you and CAR. I can tell you I have had many many buyers who have been outbid like you guys. Same story.”

At some point I think there is a little over-dramatization going on here. The market is a hundred times better for long-term buyers now that in was 5 years ago considering current prices and interest rates. There are certainly great deals out there even for a typical organic transaction. I think the problem is when you compare the deals that the flipper is getting at the TS sale (probably mid to late 90’s nominal pricing in most cases), then the great deals that are out there for the general public look pretty lousy.

I remember looking at houses in mission hills back in 2001. With the current prices, available selection, lack of buyer competition, and ultra-low interest rates, I am reasonable confident that buyers are better off with today’s market than the market of 2001 if they plan on holding for the long term, have a steady job, and have the savings to pull the trigger.
Here is an example of a house I put a bid in back in 2001

http://www.sdlookup.com/Property-8A014915-1845_Sheridan_Ave_San_Diego_CA_92103

The house was in turnkey condition and on a prime street. But the reality is that the place I just bought last year for a similar price blows this one out of the water in all aspects except condition of house.

I realize that for certain price points and certain school districts prices have stayed high but for most buyers in SD it has been a bonanza and conditions are only getting better for buyers.

[pemeliza]

“That is the thing though, yes it does suck, for many more people then just you and CAR. I can tell you I have had many many buyers who have been outbid like you guys. Same story.”

At some point I think there is a little over-dramatization going on here. The market is a hundred times better for long-term buyers now that in was 5 years ago considering current prices and interest rates. There are certainly great deals out there even for a typical organic transaction. I think the problem is when you compare the deals that the flipper is getting at the TS sale (probably mid to late 90’s nominal pricing in most cases), then the great deals that are out there for the general public look pretty lousy.

I remember looking at houses in mission hills back in 2001. With the current prices, available selection, lack of buyer competition, and ultra-low interest rates, I am reasonable confident that buyers are better off with today’s market than the market of 2001 if they plan on holding for the long term, have a steady job, and have the savings to pull the trigger.
Here is an example of a house I put a bid in back in 2001

http://www.sdlookup.com/Property-8A014915-1845_Sheridan_Ave_San_Diego_CA_92103

The house was in turnkey condition and on a prime street. But the reality is that the place I just bought last year for a similar price blows this one out of the water in all aspects except condition of house.

I realize that for certain price points and certain school districts prices have stayed high but for most buyers in SD it has been a bonanza and conditions are only getting better for buyers.

[SD Realtor]

Drama here? On Piggington….Really Pem…

heheheh

[SD Realtor]

Drama here? On Piggington….Really Pem…

heheheh

[SD Realtor]

Drama here? On Piggington….Really Pem…

heheheh

[SD Realtor]

Drama here? On Piggington….Really Pem…

heheheh

[Author]

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