- This topic has 90 replies, 14 voices, and was last updated 16 years, 5 months ago by SD Realtor.
-
AuthorPosts
-
June 23, 2008 at 8:15 AM #227136June 23, 2008 at 8:24 AM #226989SD RealtorParticipant
Actually the most important thing is not what your home will sell for.
The most important thing is the division of your assets and how you and your spouse are going to work out the future. A common mistake of homeowners through the divorce process is not dealing with all the details of the divorce first and the house later. I have seen some ugly outcomes where the house is put up for sale first before things are worked out. If after you both have discussions together and with your attorneys that this is the way to go then go for selling it.
As far as pricing goes I have a home not to far from you in Talmadge. To say that we are close to 30% off the peak in places like the SDSU area is not an overstatement. So if you want to swag things then take your appraisal and knock 30% off of it. Also recall these are for sale homes and just because they are active on the market means they will actually sell. In fact the intuitive person would say they will not based on market conditions.
Alternately go onto zillow or sdlookup and look at comparable homes in your area for sale and gauge them compared to yours. This is a poor mans appraisal. Obviously the best thing to do is to get a qualified appraiser.
My one last piece of advice is that if you think things will turn around in 2009, I would heavily disagree. I think we may see a small rally in spring of 2009 like we say in 2008 if you want to call it that. However we could indeed rough seas after that due to another wave of foreclosures.
I don’t mean to be overly pessimistic, just realistic.
June 23, 2008 at 8:24 AM #227162SD RealtorParticipantActually the most important thing is not what your home will sell for.
The most important thing is the division of your assets and how you and your spouse are going to work out the future. A common mistake of homeowners through the divorce process is not dealing with all the details of the divorce first and the house later. I have seen some ugly outcomes where the house is put up for sale first before things are worked out. If after you both have discussions together and with your attorneys that this is the way to go then go for selling it.
As far as pricing goes I have a home not to far from you in Talmadge. To say that we are close to 30% off the peak in places like the SDSU area is not an overstatement. So if you want to swag things then take your appraisal and knock 30% off of it. Also recall these are for sale homes and just because they are active on the market means they will actually sell. In fact the intuitive person would say they will not based on market conditions.
Alternately go onto zillow or sdlookup and look at comparable homes in your area for sale and gauge them compared to yours. This is a poor mans appraisal. Obviously the best thing to do is to get a qualified appraiser.
My one last piece of advice is that if you think things will turn around in 2009, I would heavily disagree. I think we may see a small rally in spring of 2009 like we say in 2008 if you want to call it that. However we could indeed rough seas after that due to another wave of foreclosures.
I don’t mean to be overly pessimistic, just realistic.
June 23, 2008 at 8:24 AM #227146SD RealtorParticipantActually the most important thing is not what your home will sell for.
The most important thing is the division of your assets and how you and your spouse are going to work out the future. A common mistake of homeowners through the divorce process is not dealing with all the details of the divorce first and the house later. I have seen some ugly outcomes where the house is put up for sale first before things are worked out. If after you both have discussions together and with your attorneys that this is the way to go then go for selling it.
As far as pricing goes I have a home not to far from you in Talmadge. To say that we are close to 30% off the peak in places like the SDSU area is not an overstatement. So if you want to swag things then take your appraisal and knock 30% off of it. Also recall these are for sale homes and just because they are active on the market means they will actually sell. In fact the intuitive person would say they will not based on market conditions.
Alternately go onto zillow or sdlookup and look at comparable homes in your area for sale and gauge them compared to yours. This is a poor mans appraisal. Obviously the best thing to do is to get a qualified appraiser.
My one last piece of advice is that if you think things will turn around in 2009, I would heavily disagree. I think we may see a small rally in spring of 2009 like we say in 2008 if you want to call it that. However we could indeed rough seas after that due to another wave of foreclosures.
I don’t mean to be overly pessimistic, just realistic.
June 23, 2008 at 8:24 AM #227115SD RealtorParticipantActually the most important thing is not what your home will sell for.
The most important thing is the division of your assets and how you and your spouse are going to work out the future. A common mistake of homeowners through the divorce process is not dealing with all the details of the divorce first and the house later. I have seen some ugly outcomes where the house is put up for sale first before things are worked out. If after you both have discussions together and with your attorneys that this is the way to go then go for selling it.
As far as pricing goes I have a home not to far from you in Talmadge. To say that we are close to 30% off the peak in places like the SDSU area is not an overstatement. So if you want to swag things then take your appraisal and knock 30% off of it. Also recall these are for sale homes and just because they are active on the market means they will actually sell. In fact the intuitive person would say they will not based on market conditions.
Alternately go onto zillow or sdlookup and look at comparable homes in your area for sale and gauge them compared to yours. This is a poor mans appraisal. Obviously the best thing to do is to get a qualified appraiser.
My one last piece of advice is that if you think things will turn around in 2009, I would heavily disagree. I think we may see a small rally in spring of 2009 like we say in 2008 if you want to call it that. However we could indeed rough seas after that due to another wave of foreclosures.
I don’t mean to be overly pessimistic, just realistic.
June 23, 2008 at 8:24 AM #227104SD RealtorParticipantActually the most important thing is not what your home will sell for.
The most important thing is the division of your assets and how you and your spouse are going to work out the future. A common mistake of homeowners through the divorce process is not dealing with all the details of the divorce first and the house later. I have seen some ugly outcomes where the house is put up for sale first before things are worked out. If after you both have discussions together and with your attorneys that this is the way to go then go for selling it.
As far as pricing goes I have a home not to far from you in Talmadge. To say that we are close to 30% off the peak in places like the SDSU area is not an overstatement. So if you want to swag things then take your appraisal and knock 30% off of it. Also recall these are for sale homes and just because they are active on the market means they will actually sell. In fact the intuitive person would say they will not based on market conditions.
Alternately go onto zillow or sdlookup and look at comparable homes in your area for sale and gauge them compared to yours. This is a poor mans appraisal. Obviously the best thing to do is to get a qualified appraiser.
My one last piece of advice is that if you think things will turn around in 2009, I would heavily disagree. I think we may see a small rally in spring of 2009 like we say in 2008 if you want to call it that. However we could indeed rough seas after that due to another wave of foreclosures.
I don’t mean to be overly pessimistic, just realistic.
June 23, 2008 at 8:24 AM #227120EconProfParticipantConsider renting out 2 of your presumably 3 bedrooms to SDSU students. Should bring in about $1000 per month.
Screen carefully. Give preference to grad students, students without cars, non-first time renters. Be strict: one student per BR, no parties, no overnight guests, previous landlords called.June 23, 2008 at 8:24 AM #227110EconProfParticipantConsider renting out 2 of your presumably 3 bedrooms to SDSU students. Should bring in about $1000 per month.
Screen carefully. Give preference to grad students, students without cars, non-first time renters. Be strict: one student per BR, no parties, no overnight guests, previous landlords called.June 23, 2008 at 8:24 AM #227151EconProfParticipantConsider renting out 2 of your presumably 3 bedrooms to SDSU students. Should bring in about $1000 per month.
Screen carefully. Give preference to grad students, students without cars, non-first time renters. Be strict: one student per BR, no parties, no overnight guests, previous landlords called.June 23, 2008 at 8:24 AM #226995EconProfParticipantConsider renting out 2 of your presumably 3 bedrooms to SDSU students. Should bring in about $1000 per month.
Screen carefully. Give preference to grad students, students without cars, non-first time renters. Be strict: one student per BR, no parties, no overnight guests, previous landlords called.June 23, 2008 at 8:24 AM #227167EconProfParticipantConsider renting out 2 of your presumably 3 bedrooms to SDSU students. Should bring in about $1000 per month.
Screen carefully. Give preference to grad students, students without cars, non-first time renters. Be strict: one student per BR, no parties, no overnight guests, previous landlords called.June 23, 2008 at 3:45 PM #227203simonbartParticipantWe purchase in 2000 with a 15yr fixed.
I’m kinda pissed since we would have been mortgage free in 7 more yrs.
Oh well….back to the drawing board…..back to the start of a lot of things actually.June 23, 2008 at 3:45 PM #227380simonbartParticipantWe purchase in 2000 with a 15yr fixed.
I’m kinda pissed since we would have been mortgage free in 7 more yrs.
Oh well….back to the drawing board…..back to the start of a lot of things actually.June 23, 2008 at 3:45 PM #227317simonbartParticipantWe purchase in 2000 with a 15yr fixed.
I’m kinda pissed since we would have been mortgage free in 7 more yrs.
Oh well….back to the drawing board…..back to the start of a lot of things actually.June 23, 2008 at 3:45 PM #227362simonbartParticipantWe purchase in 2000 with a 15yr fixed.
I’m kinda pissed since we would have been mortgage free in 7 more yrs.
Oh well….back to the drawing board…..back to the start of a lot of things actually. -
AuthorPosts
- You must be logged in to reply to this topic.