San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May)

[sdrealtor]

pr
You obviously have very limited knowledge of RE so let me clarify. The lenders doing BPO/Appraiasals and holding things up with a lengthly appraisal process are on the sellers side NOT the buyers side. They are the ones that have to approve the property selling for less than the underlying liens. In a short sale, many of the lenders spend 3 to 6 months to approve the short sale. Interestingly, there are lenders that can do them in a week!

Clearly you were questioning the qualifications of buyers out there so you seem to fit in that camp also. Didnt here a plausible denial from you.

As for the buyer that cancelled 2 weeks before closing, they were going to put about 30% down, had at least 1 year of reserves and had a loan amount about 2X annual income. Very conservative buyer indeed.

As for the comment of many piggs having a hard time understanding there are plenty of folks out there with more money in the bank and higher incomes this has been debated and discussed for a couple years around here by many posters. Nothing new there and not an insult to the piggs, just reality. There are simply alot more people making more money and with more cash than many people on these want to beleive. Both SD R and I see it over and over again.

As for my business, my deals close and the fact that I have all those listings is what gives me time. I dont spend my time driving around buyers but rather on my computer/blackberry coordinating the team I’ve built behind me. I am not here for business and never was. I am here to learn and to share with my fellow and mostly like minded piggs. Sure we give each other the business but in anonymous online forum unless you are boisterous you will never be heard above the din.

Gotta laugh about the HLS not making cheap personal insults as he does as much as anyone around here when he posts. I suspect he understands that being heard is a challenge in a forum like this so being a charicature online helps.

[santeeman]

[quote=sdrealtor]Mid $500K homes in San Elijo, Mid $400K homes in RB, mid 300K homes in Oceanside, nice townhomes between 300 and 350K are just a few examples. Hell I even have an $800K home in Coto De Caza (home of Real Housewives of the OC) that has a pile of offers (ranging from 20% down to all cash) from owner occupiers vying for it.

All of these are affordable to the people that want to buy them without a stretch. Those prices all make sense for the people that want them now. Think about the Piggs who have bought recently. Buyers are now responsible and conservative in their purchases. People are putting down 20% and buying well under 3X annual income the way they should. And make no mistake, there are plenty of them that can and want to.[/quote]

I don’t dispute that there are plenty of buyers out there. It blows my mind that realtors like you spend day and night on a blog like this, but, have 30 listings going on and are as busy as you claim you are. I would think if I were that busy, I would spend any extra time doing something more fun or interesting.

[santeeman]

[quote=sdrealtor]Mid $500K homes in San Elijo, Mid $400K homes in RB, mid 300K homes in Oceanside, nice townhomes between 300 and 350K are just a few examples. Hell I even have an $800K home in Coto De Caza (home of Real Housewives of the OC) that has a pile of offers (ranging from 20% down to all cash) from owner occupiers vying for it.

All of these are affordable to the people that want to buy them without a stretch. Those prices all make sense for the people that want them now. Think about the Piggs who have bought recently. Buyers are now responsible and conservative in their purchases. People are putting down 20% and buying well under 3X annual income the way they should. And make no mistake, there are plenty of them that can and want to.[/quote]

I don’t dispute that there are plenty of buyers out there. It blows my mind that realtors like you spend day and night on a blog like this, but, have 30 listings going on and are as busy as you claim you are. I would think if I were that busy, I would spend any extra time doing something more fun or interesting.

[santeeman]

[quote=sdrealtor]Mid $500K homes in San Elijo, Mid $400K homes in RB, mid 300K homes in Oceanside, nice townhomes between 300 and 350K are just a few examples. Hell I even have an $800K home in Coto De Caza (home of Real Housewives of the OC) that has a pile of offers (ranging from 20% down to all cash) from owner occupiers vying for it.

All of these are affordable to the people that want to buy them without a stretch. Those prices all make sense for the people that want them now. Think about the Piggs who have bought recently. Buyers are now responsible and conservative in their purchases. People are putting down 20% and buying well under 3X annual income the way they should. And make no mistake, there are plenty of them that can and want to.[/quote]

I don’t dispute that there are plenty of buyers out there. It blows my mind that realtors like you spend day and night on a blog like this, but, have 30 listings going on and are as busy as you claim you are. I would think if I were that busy, I would spend any extra time doing something more fun or interesting.

[santeeman]

[quote=sdrealtor]Mid $500K homes in San Elijo, Mid $400K homes in RB, mid 300K homes in Oceanside, nice townhomes between 300 and 350K are just a few examples. Hell I even have an $800K home in Coto De Caza (home of Real Housewives of the OC) that has a pile of offers (ranging from 20% down to all cash) from owner occupiers vying for it.

All of these are affordable to the people that want to buy them without a stretch. Those prices all make sense for the people that want them now. Think about the Piggs who have bought recently. Buyers are now responsible and conservative in their purchases. People are putting down 20% and buying well under 3X annual income the way they should. And make no mistake, there are plenty of them that can and want to.[/quote]

I don’t dispute that there are plenty of buyers out there. It blows my mind that realtors like you spend day and night on a blog like this, but, have 30 listings going on and are as busy as you claim you are. I would think if I were that busy, I would spend any extra time doing something more fun or interesting.

[santeeman]

[quote=sdrealtor]Mid $500K homes in San Elijo, Mid $400K homes in RB, mid 300K homes in Oceanside, nice townhomes between 300 and 350K are just a few examples. Hell I even have an $800K home in Coto De Caza (home of Real Housewives of the OC) that has a pile of offers (ranging from 20% down to all cash) from owner occupiers vying for it.

All of these are affordable to the people that want to buy them without a stretch. Those prices all make sense for the people that want them now. Think about the Piggs who have bought recently. Buyers are now responsible and conservative in their purchases. People are putting down 20% and buying well under 3X annual income the way they should. And make no mistake, there are plenty of them that can and want to.[/quote]

I don’t dispute that there are plenty of buyers out there. It blows my mind that realtors like you spend day and night on a blog like this, but, have 30 listings going on and are as busy as you claim you are. I would think if I were that busy, I would spend any extra time doing something more fun or interesting.

[CBad]

Whoa, what is this, beat up on sdr day? There’s a lot of low blows being throw around here. Take it easy and leave out the personal attacks already.

[CBad]

Whoa, what is this, beat up on sdr day? There’s a lot of low blows being throw around here. Take it easy and leave out the personal attacks already.

[CBad]

Whoa, what is this, beat up on sdr day? There’s a lot of low blows being throw around here. Take it easy and leave out the personal attacks already.

[CBad]

Whoa, what is this, beat up on sdr day? There’s a lot of low blows being throw around here. Take it easy and leave out the personal attacks already.

[CBad]

Whoa, what is this, beat up on sdr day? There’s a lot of low blows being throw around here. Take it easy and leave out the personal attacks already.

[sdrealtor]

I have to spend most of my day on a PC anyway and it only takes a minute here or there to pop in with a snipe or two.

I guess my life must really suck cause to me this is fun and interesting.

[sdrealtor]

I have to spend most of my day on a PC anyway and it only takes a minute here or there to pop in with a snipe or two.

I guess my life must really suck cause to me this is fun and interesting.

[sdrealtor]

I have to spend most of my day on a PC anyway and it only takes a minute here or there to pop in with a snipe or two.

I guess my life must really suck cause to me this is fun and interesting.

[sdrealtor]

I have to spend most of my day on a PC anyway and it only takes a minute here or there to pop in with a snipe or two.

I guess my life must really suck cause to me this is fun and interesting.

[Author]

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