RP – Expecting your valuable comments on this property!

[SD Realtor]

I know this area very well and used to live on Buckwheat which is not to far away. These homes are basically twin homes, they are attached homes that share a common wall. The area backs up to 56. I do see these homes depreciating over the long haul as well. I am not going to call where I see a bottom for these though. I think that for the money, it is worth paying a little bit more to get a true detached home. The HOA for these is about 30 bucks a month as well.

SD Realtor

[andymajumder]

Even in the current market that probably is not a good deal at all and probably should see significant depreciation as SD realtor mentions.

This seems to be in the same neighborhood, larger and in better condition for the same price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1572822

This would be a better deal too, but needs some tlc

http://www.redfin.com/stingray/do/printable-listing?listing-id=1578483

I am observing this area too and prices are definitely gradually falling. A year from now this area might be 10-15% lower than now on average.

[andymajumder]

Even in the current market that probably is not a good deal at all and probably should see significant depreciation as SD realtor mentions.

This seems to be in the same neighborhood, larger and in better condition for the same price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1572822

This would be a better deal too, but needs some tlc

http://www.redfin.com/stingray/do/printable-listing?listing-id=1578483

I am observing this area too and prices are definitely gradually falling. A year from now this area might be 10-15% lower than now on average.

[andymajumder]

Even in the current market that probably is not a good deal at all and probably should see significant depreciation as SD realtor mentions.

This seems to be in the same neighborhood, larger and in better condition for the same price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1572822

This would be a better deal too, but needs some tlc

http://www.redfin.com/stingray/do/printable-listing?listing-id=1578483

I am observing this area too and prices are definitely gradually falling. A year from now this area might be 10-15% lower than now on average.

[andymajumder]

Even in the current market that probably is not a good deal at all and probably should see significant depreciation as SD realtor mentions.

This seems to be in the same neighborhood, larger and in better condition for the same price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1572822

This would be a better deal too, but needs some tlc

http://www.redfin.com/stingray/do/printable-listing?listing-id=1578483

I am observing this area too and prices are definitely gradually falling. A year from now this area might be 10-15% lower than now on average.

[andymajumder]

Even in the current market that probably is not a good deal at all and probably should see significant depreciation as SD realtor mentions.

This seems to be in the same neighborhood, larger and in better condition for the same price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1572822

This would be a better deal too, but needs some tlc

http://www.redfin.com/stingray/do/printable-listing?listing-id=1578483

I am observing this area too and prices are definitely gradually falling. A year from now this area might be 10-15% lower than now on average.

[SD Realtor]

Yeah I was gonna mention Feather Ridge (these are the two listings you brought up andy) if one is thinking about twin homes. Actually I like the Feather Ridge area better then the area mentioned by the OP because some (but not all) of the homes are quieter.

In the end though, both areas will get hit. Seems like Feather is dropping a bit quicker.

SD Realtor

[SD Realtor]

Yeah I was gonna mention Feather Ridge (these are the two listings you brought up andy) if one is thinking about twin homes. Actually I like the Feather Ridge area better then the area mentioned by the OP because some (but not all) of the homes are quieter.

In the end though, both areas will get hit. Seems like Feather is dropping a bit quicker.

SD Realtor

[SD Realtor]

Yeah I was gonna mention Feather Ridge (these are the two listings you brought up andy) if one is thinking about twin homes. Actually I like the Feather Ridge area better then the area mentioned by the OP because some (but not all) of the homes are quieter.

In the end though, both areas will get hit. Seems like Feather is dropping a bit quicker.

SD Realtor

[SD Realtor]

Yeah I was gonna mention Feather Ridge (these are the two listings you brought up andy) if one is thinking about twin homes. Actually I like the Feather Ridge area better then the area mentioned by the OP because some (but not all) of the homes are quieter.

In the end though, both areas will get hit. Seems like Feather is dropping a bit quicker.

SD Realtor

[SD Realtor]

Yeah I was gonna mention Feather Ridge (these are the two listings you brought up andy) if one is thinking about twin homes. Actually I like the Feather Ridge area better then the area mentioned by the OP because some (but not all) of the homes are quieter.

In the end though, both areas will get hit. Seems like Feather is dropping a bit quicker.

SD Realtor

[theasian1]

Thanks for the input guys! I will take a look at other houses also.

The asking price for the house that I mentioned was 460K. How about if I give an offer for 425K-430K. Do you guys think I will get it for this price??

I know most of you are thinking the price will fall, but this year my kid should start in the public school. Thats the reason I am thinking of buying something in a good school district!

[theasian1]

Thanks for the input guys! I will take a look at other houses also.

The asking price for the house that I mentioned was 460K. How about if I give an offer for 425K-430K. Do you guys think I will get it for this price??

I know most of you are thinking the price will fall, but this year my kid should start in the public school. Thats the reason I am thinking of buying something in a good school district!

[theasian1]

Thanks for the input guys! I will take a look at other houses also.

The asking price for the house that I mentioned was 460K. How about if I give an offer for 425K-430K. Do you guys think I will get it for this price??

I know most of you are thinking the price will fall, but this year my kid should start in the public school. Thats the reason I am thinking of buying something in a good school district!

[theasian1]

Thanks for the input guys! I will take a look at other houses also.

The asking price for the house that I mentioned was 460K. How about if I give an offer for 425K-430K. Do you guys think I will get it for this price??

I know most of you are thinking the price will fall, but this year my kid should start in the public school. Thats the reason I am thinking of buying something in a good school district!

[Author]

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