SEH Breakthrough Pricing

[dontfollowtheherd]

tmg,

After hooking up with one of them you just better hope you live another 30 years … or your corn gets popped for good! lol

BTW – did you ever pull the trigger when you had an itchy finger a few months back or did you stay put and save some more green? I’m sure those homes you were looking at must be down at least another 10-15% or more with much more to go.

[temeculaguy]

I held out, the place I almost bought but was kinda outbid (my verbal offer was outbid by a higher written one) went into escrow and of course fell out due to the failed 100% financing buyer. They called me yesterday and and offered it at 10% below my offer but I already moved and am in a 6 mos lease, so it looks like i have a front row seat for the next few months. Stuff is dropping like a rock right now so I’m raising my quality target away from a thrashed repo to something a little more turnkey at an even lower price. Gotta love the new look of redfin, they capture price lowering data now. Here’s a cut and pasted example from redfin regarding list price data for a partuclar place, I’m witholding the actual link because it’s on my list of places to buy and quite frankly I don’t need the competition.

Listing Price History
Date Price
Aug 25, 2007 $399,000
Sep 05, 2007 $389,000
Sep 17, 2007 $379,000
Sep 25, 2007 $369,000
Sep 28, 2007 $359,000
Oct 12, 2007 $350,000
Jan 16, 2008 $340,000
Jan 23, 2008 $330,000
Jan 30, 2008 $320,000

At the current rate they will pay me to take it in three years. I love the new redfin, it even sometimes captures the data on the relistings, you have to scroll to the bottom. This is pretty indicative of the market here, how can I possibly pull the trigger now, I’m saving 10k a week. When it hits 250k I might return their phone calls, then again, maybe I wont. Seriously I’m having a blast as the only qualified buyer with a downpayment left in town, now I know what Bill Gates felt like at his high school reunion. I love their polished sales pitches when they call to tell me the house I was interested is miracoulously back on the market. It goes something like this for price range of a property like the one above (this is from a real call and I really said this). Realtor “Great news, the house you were looking at fell out of escrow and I know you thought it was a good buy at 350k, the new listing price is even lower now, I say we meet today at the propery and write an offer before it’s gone.” TG- “before you tell me the new price let me just say that if the first digit is not a 2 and the second digit is higher than a 5, there better be a victoria secret model wearing lingerie and waiting for me in the bedroom when I get there and not one of the skinny ones either.” Long pause…I laughed for a week after that, I just laughed again remembering it. If it hadn’t been a female realtor I bet that joke would have gotten some traction. Thank goodness my fellow pigs talked me out of buying, this is going to be a blast.

[temeculaguy]

I held out, the place I almost bought but was kinda outbid (my verbal offer was outbid by a higher written one) went into escrow and of course fell out due to the failed 100% financing buyer. They called me yesterday and and offered it at 10% below my offer but I already moved and am in a 6 mos lease, so it looks like i have a front row seat for the next few months. Stuff is dropping like a rock right now so I’m raising my quality target away from a thrashed repo to something a little more turnkey at an even lower price. Gotta love the new look of redfin, they capture price lowering data now. Here’s a cut and pasted example from redfin regarding list price data for a partuclar place, I’m witholding the actual link because it’s on my list of places to buy and quite frankly I don’t need the competition.

Listing Price History
Date Price
Aug 25, 2007 $399,000
Sep 05, 2007 $389,000
Sep 17, 2007 $379,000
Sep 25, 2007 $369,000
Sep 28, 2007 $359,000
Oct 12, 2007 $350,000
Jan 16, 2008 $340,000
Jan 23, 2008 $330,000
Jan 30, 2008 $320,000

At the current rate they will pay me to take it in three years. I love the new redfin, it even sometimes captures the data on the relistings, you have to scroll to the bottom. This is pretty indicative of the market here, how can I possibly pull the trigger now, I’m saving 10k a week. When it hits 250k I might return their phone calls, then again, maybe I wont. Seriously I’m having a blast as the only qualified buyer with a downpayment left in town, now I know what Bill Gates felt like at his high school reunion. I love their polished sales pitches when they call to tell me the house I was interested is miracoulously back on the market. It goes something like this for price range of a property like the one above (this is from a real call and I really said this). Realtor “Great news, the house you were looking at fell out of escrow and I know you thought it was a good buy at 350k, the new listing price is even lower now, I say we meet today at the propery and write an offer before it’s gone.” TG- “before you tell me the new price let me just say that if the first digit is not a 2 and the second digit is higher than a 5, there better be a victoria secret model wearing lingerie and waiting for me in the bedroom when I get there and not one of the skinny ones either.” Long pause…I laughed for a week after that, I just laughed again remembering it. If it hadn’t been a female realtor I bet that joke would have gotten some traction. Thank goodness my fellow pigs talked me out of buying, this is going to be a blast.

[temeculaguy]

I held out, the place I almost bought but was kinda outbid (my verbal offer was outbid by a higher written one) went into escrow and of course fell out due to the failed 100% financing buyer. They called me yesterday and and offered it at 10% below my offer but I already moved and am in a 6 mos lease, so it looks like i have a front row seat for the next few months. Stuff is dropping like a rock right now so I’m raising my quality target away from a thrashed repo to something a little more turnkey at an even lower price. Gotta love the new look of redfin, they capture price lowering data now. Here’s a cut and pasted example from redfin regarding list price data for a partuclar place, I’m witholding the actual link because it’s on my list of places to buy and quite frankly I don’t need the competition.

Listing Price History
Date Price
Aug 25, 2007 $399,000
Sep 05, 2007 $389,000
Sep 17, 2007 $379,000
Sep 25, 2007 $369,000
Sep 28, 2007 $359,000
Oct 12, 2007 $350,000
Jan 16, 2008 $340,000
Jan 23, 2008 $330,000
Jan 30, 2008 $320,000

At the current rate they will pay me to take it in three years. I love the new redfin, it even sometimes captures the data on the relistings, you have to scroll to the bottom. This is pretty indicative of the market here, how can I possibly pull the trigger now, I’m saving 10k a week. When it hits 250k I might return their phone calls, then again, maybe I wont. Seriously I’m having a blast as the only qualified buyer with a downpayment left in town, now I know what Bill Gates felt like at his high school reunion. I love their polished sales pitches when they call to tell me the house I was interested is miracoulously back on the market. It goes something like this for price range of a property like the one above (this is from a real call and I really said this). Realtor “Great news, the house you were looking at fell out of escrow and I know you thought it was a good buy at 350k, the new listing price is even lower now, I say we meet today at the propery and write an offer before it’s gone.” TG- “before you tell me the new price let me just say that if the first digit is not a 2 and the second digit is higher than a 5, there better be a victoria secret model wearing lingerie and waiting for me in the bedroom when I get there and not one of the skinny ones either.” Long pause…I laughed for a week after that, I just laughed again remembering it. If it hadn’t been a female realtor I bet that joke would have gotten some traction. Thank goodness my fellow pigs talked me out of buying, this is going to be a blast.

[temeculaguy]

I held out, the place I almost bought but was kinda outbid (my verbal offer was outbid by a higher written one) went into escrow and of course fell out due to the failed 100% financing buyer. They called me yesterday and and offered it at 10% below my offer but I already moved and am in a 6 mos lease, so it looks like i have a front row seat for the next few months. Stuff is dropping like a rock right now so I’m raising my quality target away from a thrashed repo to something a little more turnkey at an even lower price. Gotta love the new look of redfin, they capture price lowering data now. Here’s a cut and pasted example from redfin regarding list price data for a partuclar place, I’m witholding the actual link because it’s on my list of places to buy and quite frankly I don’t need the competition.

Listing Price History
Date Price
Aug 25, 2007 $399,000
Sep 05, 2007 $389,000
Sep 17, 2007 $379,000
Sep 25, 2007 $369,000
Sep 28, 2007 $359,000
Oct 12, 2007 $350,000
Jan 16, 2008 $340,000
Jan 23, 2008 $330,000
Jan 30, 2008 $320,000

At the current rate they will pay me to take it in three years. I love the new redfin, it even sometimes captures the data on the relistings, you have to scroll to the bottom. This is pretty indicative of the market here, how can I possibly pull the trigger now, I’m saving 10k a week. When it hits 250k I might return their phone calls, then again, maybe I wont. Seriously I’m having a blast as the only qualified buyer with a downpayment left in town, now I know what Bill Gates felt like at his high school reunion. I love their polished sales pitches when they call to tell me the house I was interested is miracoulously back on the market. It goes something like this for price range of a property like the one above (this is from a real call and I really said this). Realtor “Great news, the house you were looking at fell out of escrow and I know you thought it was a good buy at 350k, the new listing price is even lower now, I say we meet today at the propery and write an offer before it’s gone.” TG- “before you tell me the new price let me just say that if the first digit is not a 2 and the second digit is higher than a 5, there better be a victoria secret model wearing lingerie and waiting for me in the bedroom when I get there and not one of the skinny ones either.” Long pause…I laughed for a week after that, I just laughed again remembering it. If it hadn’t been a female realtor I bet that joke would have gotten some traction. Thank goodness my fellow pigs talked me out of buying, this is going to be a blast.

[temeculaguy]

I held out, the place I almost bought but was kinda outbid (my verbal offer was outbid by a higher written one) went into escrow and of course fell out due to the failed 100% financing buyer. They called me yesterday and and offered it at 10% below my offer but I already moved and am in a 6 mos lease, so it looks like i have a front row seat for the next few months. Stuff is dropping like a rock right now so I’m raising my quality target away from a thrashed repo to something a little more turnkey at an even lower price. Gotta love the new look of redfin, they capture price lowering data now. Here’s a cut and pasted example from redfin regarding list price data for a partuclar place, I’m witholding the actual link because it’s on my list of places to buy and quite frankly I don’t need the competition.

Listing Price History
Date Price
Aug 25, 2007 $399,000
Sep 05, 2007 $389,000
Sep 17, 2007 $379,000
Sep 25, 2007 $369,000
Sep 28, 2007 $359,000
Oct 12, 2007 $350,000
Jan 16, 2008 $340,000
Jan 23, 2008 $330,000
Jan 30, 2008 $320,000

At the current rate they will pay me to take it in three years. I love the new redfin, it even sometimes captures the data on the relistings, you have to scroll to the bottom. This is pretty indicative of the market here, how can I possibly pull the trigger now, I’m saving 10k a week. When it hits 250k I might return their phone calls, then again, maybe I wont. Seriously I’m having a blast as the only qualified buyer with a downpayment left in town, now I know what Bill Gates felt like at his high school reunion. I love their polished sales pitches when they call to tell me the house I was interested is miracoulously back on the market. It goes something like this for price range of a property like the one above (this is from a real call and I really said this). Realtor “Great news, the house you were looking at fell out of escrow and I know you thought it was a good buy at 350k, the new listing price is even lower now, I say we meet today at the propery and write an offer before it’s gone.” TG- “before you tell me the new price let me just say that if the first digit is not a 2 and the second digit is higher than a 5, there better be a victoria secret model wearing lingerie and waiting for me in the bedroom when I get there and not one of the skinny ones either.” Long pause…I laughed for a week after that, I just laughed again remembering it. If it hadn’t been a female realtor I bet that joke would have gotten some traction. Thank goodness my fellow pigs talked me out of buying, this is going to be a blast.

[waiting for bottom]

1008 is walking distance to the park but that is accross Questhaven with no stopsign or stoplight. I don’t like turning left in my car from Brightwood onto QHaven, let alone having my kids walk accross the street. The owners have already bailed also.

1458 has a funky add-on/remodel upstairs that has a bedroom without a door and poor construction. The rest of the house has no updgrades and is painted terribly. Outside has a deck and BBQ area that is falling apart.

Check out 1508 Clifftop. An identical house to 1085 Brightwood but a little better ocean view, also an REO. Bought in January 2005 for $945K, list at $650K or 31% lower!! With this Brightwood as a comp, Clifftop is looking at a 40% drop in 3 years.

[waiting for bottom]

1008 is walking distance to the park but that is accross Questhaven with no stopsign or stoplight. I don’t like turning left in my car from Brightwood onto QHaven, let alone having my kids walk accross the street. The owners have already bailed also.

1458 has a funky add-on/remodel upstairs that has a bedroom without a door and poor construction. The rest of the house has no updgrades and is painted terribly. Outside has a deck and BBQ area that is falling apart.

Check out 1508 Clifftop. An identical house to 1085 Brightwood but a little better ocean view, also an REO. Bought in January 2005 for $945K, list at $650K or 31% lower!! With this Brightwood as a comp, Clifftop is looking at a 40% drop in 3 years.

[waiting for bottom]

1008 is walking distance to the park but that is accross Questhaven with no stopsign or stoplight. I don’t like turning left in my car from Brightwood onto QHaven, let alone having my kids walk accross the street. The owners have already bailed also.

1458 has a funky add-on/remodel upstairs that has a bedroom without a door and poor construction. The rest of the house has no updgrades and is painted terribly. Outside has a deck and BBQ area that is falling apart.

Check out 1508 Clifftop. An identical house to 1085 Brightwood but a little better ocean view, also an REO. Bought in January 2005 for $945K, list at $650K or 31% lower!! With this Brightwood as a comp, Clifftop is looking at a 40% drop in 3 years.

[waiting for bottom]

1008 is walking distance to the park but that is accross Questhaven with no stopsign or stoplight. I don’t like turning left in my car from Brightwood onto QHaven, let alone having my kids walk accross the street. The owners have already bailed also.

1458 has a funky add-on/remodel upstairs that has a bedroom without a door and poor construction. The rest of the house has no updgrades and is painted terribly. Outside has a deck and BBQ area that is falling apart.

Check out 1508 Clifftop. An identical house to 1085 Brightwood but a little better ocean view, also an REO. Bought in January 2005 for $945K, list at $650K or 31% lower!! With this Brightwood as a comp, Clifftop is looking at a 40% drop in 3 years.

[waiting for bottom]

1008 is walking distance to the park but that is accross Questhaven with no stopsign or stoplight. I don’t like turning left in my car from Brightwood onto QHaven, let alone having my kids walk accross the street. The owners have already bailed also.

1458 has a funky add-on/remodel upstairs that has a bedroom without a door and poor construction. The rest of the house has no updgrades and is painted terribly. Outside has a deck and BBQ area that is falling apart.

Check out 1508 Clifftop. An identical house to 1085 Brightwood but a little better ocean view, also an REO. Bought in January 2005 for $945K, list at $650K or 31% lower!! With this Brightwood as a comp, Clifftop is looking at a 40% drop in 3 years.

[farbet]

Just mention REO,NOD,NOT and the herd mentality is at it again.
The cliftop house has a view granted.The person that owned it paved the whole property all around.Looks as if it was done by the owners themselves. I visited it when it was pouring rain last saturday. Guess what? the idiots have no drain holes in the concrete. Only at the entrance. Water was backing up.
These SEH homes with very high Mello .Buiders competing. Luminara across is in $545K range(Mello Roos is $509 permonth-good grief).
People are setting themselves up trying to buy these. To get a good deal an REO must sit for 90 days plus, IMHO, on mkt.NOD’s are proliferating.
Old Creek ranch is another area thats bellying up.

[farbet]

Just mention REO,NOD,NOT and the herd mentality is at it again.
The cliftop house has a view granted.The person that owned it paved the whole property all around.Looks as if it was done by the owners themselves. I visited it when it was pouring rain last saturday. Guess what? the idiots have no drain holes in the concrete. Only at the entrance. Water was backing up.
These SEH homes with very high Mello .Buiders competing. Luminara across is in $545K range(Mello Roos is $509 permonth-good grief).
People are setting themselves up trying to buy these. To get a good deal an REO must sit for 90 days plus, IMHO, on mkt.NOD’s are proliferating.
Old Creek ranch is another area thats bellying up.

[farbet]

Just mention REO,NOD,NOT and the herd mentality is at it again.
The cliftop house has a view granted.The person that owned it paved the whole property all around.Looks as if it was done by the owners themselves. I visited it when it was pouring rain last saturday. Guess what? the idiots have no drain holes in the concrete. Only at the entrance. Water was backing up.
These SEH homes with very high Mello .Buiders competing. Luminara across is in $545K range(Mello Roos is $509 permonth-good grief).
People are setting themselves up trying to buy these. To get a good deal an REO must sit for 90 days plus, IMHO, on mkt.NOD’s are proliferating.
Old Creek ranch is another area thats bellying up.

[farbet]

Just mention REO,NOD,NOT and the herd mentality is at it again.
The cliftop house has a view granted.The person that owned it paved the whole property all around.Looks as if it was done by the owners themselves. I visited it when it was pouring rain last saturday. Guess what? the idiots have no drain holes in the concrete. Only at the entrance. Water was backing up.
These SEH homes with very high Mello .Buiders competing. Luminara across is in $545K range(Mello Roos is $509 permonth-good grief).
People are setting themselves up trying to buy these. To get a good deal an REO must sit for 90 days plus, IMHO, on mkt.NOD’s are proliferating.
Old Creek ranch is another area thats bellying up.

[Author]

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