Home › Forums › Closed Forums › Properties or Areas › Opinion requested on 92104 South Park Area – please
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jpinpb.
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June 24, 2010 at 5:49 PM #572048June 24, 2010 at 6:16 PM #571053
jpinpb
ParticipantOkay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280One of those listed and contingent simultaneous deals.
June 24, 2010 at 6:16 PM #571148jpinpb
ParticipantOkay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280One of those listed and contingent simultaneous deals.
June 24, 2010 at 6:16 PM #571667jpinpb
ParticipantOkay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280One of those listed and contingent simultaneous deals.
June 24, 2010 at 6:16 PM #571774jpinpb
ParticipantOkay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280One of those listed and contingent simultaneous deals.
June 24, 2010 at 6:16 PM #572068jpinpb
ParticipantOkay. And then I see this and it really gets in my craw. 1036 Madison sold for 350k.
Beds/Baths: 3 / 1
Est Square Feet: 1,248 sf
PPSF: $280One of those listed and contingent simultaneous deals.
June 24, 2010 at 7:39 PM #571088sdrealtor
ParticipantThe under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.
June 24, 2010 at 7:39 PM #571183sdrealtor
ParticipantThe under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.
June 24, 2010 at 7:39 PM #571702sdrealtor
ParticipantThe under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.
June 24, 2010 at 7:39 PM #571809sdrealtor
ParticipantThe under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.
June 24, 2010 at 7:39 PM #572103sdrealtor
ParticipantThe under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.
June 24, 2010 at 8:37 PM #571112jpinpb
Participant[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]
I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.
June 24, 2010 at 8:37 PM #571208jpinpb
Participant[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]
I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.
June 24, 2010 at 8:37 PM #571727jpinpb
Participant[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]
I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.
June 24, 2010 at 8:37 PM #571834jpinpb
Participant[quote=sdrealtor]The under 500K mark is big because of the 417K conventional loan limit. All houses under that can be bought with conventional loans and 20% down. Granted all dont have 20% down but enough have that and more to impact the market. The income required for a 417K loan these days is about $100K which isnt tough for a one professional or a 2 income family. These numbers are for 500k and as you go down in price there are more people who can meet the 20% down or the required income. A nice home in a nice location will be contested under this price.[/quote]
I thought they raised the 417k loan limit. 20% down? I wish I could remember where I read it and the percentage, but I can’t. But from what I remember, I read somewhere about how high of a percentage the FHA loans were, overshadowing any conventional loans.
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