Short-Sale dealings in Encinitas (Jerrilynn)

[Nicole]

Greetings everyone,

I already know that no one here is in favor of buying, so let’s skip through all that for now. I previously posted another thread and already went through the lashings already 🙂 Actually, all the advice was really very helpful and helped put somethings into perspective for me. After some of the advice, we withdrew several offers and have been really choosy and trying to be patient.

We did however leave one offer in on a short-sale in Encinitas (1615 Jerrilyn- SD REALTOR- Do you know it?) We LOVE the house!

First off, its 2300 sq feet 4/2.5 and is located just SE of the encinitas blvd/El Camino Real intersection. The asking price was 699K. Currently we are one of two offers which the bank has accepted. The bank is now asking for both of us to come back with “our final and best offer”

Ugh, a bidding war, ridiculous. We might just walk away (or re-submit the same offer), but I really want to get as much info as I can about it before we decide.

Could anyone tell me what they think the current market value of this house might be? Also, if you took your best guess what will the market value of the house be in 1yr, 5yrs, 10yrs? I know its difficult to say, but your opinions are valued. I’d like to go in with my eyes open about how much this area will likely be dropping.

If you must take a few kidney shots at me for buying now, go ahead, i’m relatively thick skinned 🙂 BUT, after you berate me, if possible please respond to my questions 🙂

apologies for the length

[PadreBrian]

From this we see it was last bought for 770 in 2005.
http://users.ixpres.com/~gtriphan/05-1enci.htm

I say screw any bidding war. It’s a game. There is no other bidder. (Even if there was it doesn’t mean they can get a loan).

Offer. 699k again, and walk away.

But, I would really price it at 2002 levels to be safe. 550k.

[PadreBrian]

From this we see it was last bought for 770 in 2005.
http://users.ixpres.com/~gtriphan/05-1enci.htm

I say screw any bidding war. It’s a game. There is no other bidder. (Even if there was it doesn’t mean they can get a loan).

Offer. 699k again, and walk away.

But, I would really price it at 2002 levels to be safe. 550k.

[PadreBrian]

From this we see it was last bought for 770 in 2005.
http://users.ixpres.com/~gtriphan/05-1enci.htm

I say screw any bidding war. It’s a game. There is no other bidder. (Even if there was it doesn’t mean they can get a loan).

Offer. 699k again, and walk away.

But, I would really price it at 2002 levels to be safe. 550k.

[PadreBrian]

From this we see it was last bought for 770 in 2005.
http://users.ixpres.com/~gtriphan/05-1enci.htm

I say screw any bidding war. It’s a game. There is no other bidder. (Even if there was it doesn’t mean they can get a loan).

Offer. 699k again, and walk away.

But, I would really price it at 2002 levels to be safe. 550k.

[PadreBrian]

From this we see it was last bought for 770 in 2005.
http://users.ixpres.com/~gtriphan/05-1enci.htm

I say screw any bidding war. It’s a game. There is no other bidder. (Even if there was it doesn’t mean they can get a loan).

Offer. 699k again, and walk away.

But, I would really price it at 2002 levels to be safe. 550k.

[sdrealtor]

sdrealtor (who has lived in the area for many years) not to be confused with SD Realtor.

Check the school situation b4 you commit to anything. Make sure you are comfortable with it.

[sdrealtor]

sdrealtor (who has lived in the area for many years) not to be confused with SD Realtor.

Check the school situation b4 you commit to anything. Make sure you are comfortable with it.

[sdrealtor]

sdrealtor (who has lived in the area for many years) not to be confused with SD Realtor.

Check the school situation b4 you commit to anything. Make sure you are comfortable with it.

[sdrealtor]

sdrealtor (who has lived in the area for many years) not to be confused with SD Realtor.

Check the school situation b4 you commit to anything. Make sure you are comfortable with it.

[sdrealtor]

sdrealtor (who has lived in the area for many years) not to be confused with SD Realtor.

Check the school situation b4 you commit to anything. Make sure you are comfortable with it.

[jpinpb]

700 is way more than fair. I’m a lowballer so if you competed in a bidding war w/me, you’d win on this. But I try real hard to not fall in love w/a place. If you love this place, then go for it. But like most people say on these threads, and I agree, I won’t be too shocked if prices come down to 2002 levels, though I anticipate that it will take a while, few years maybe in Encinitas. With that said, if you’re comfortable w/the payments and you love the place, can’t put a price on that.

[jpinpb]

700 is way more than fair. I’m a lowballer so if you competed in a bidding war w/me, you’d win on this. But I try real hard to not fall in love w/a place. If you love this place, then go for it. But like most people say on these threads, and I agree, I won’t be too shocked if prices come down to 2002 levels, though I anticipate that it will take a while, few years maybe in Encinitas. With that said, if you’re comfortable w/the payments and you love the place, can’t put a price on that.

[jpinpb]

700 is way more than fair. I’m a lowballer so if you competed in a bidding war w/me, you’d win on this. But I try real hard to not fall in love w/a place. If you love this place, then go for it. But like most people say on these threads, and I agree, I won’t be too shocked if prices come down to 2002 levels, though I anticipate that it will take a while, few years maybe in Encinitas. With that said, if you’re comfortable w/the payments and you love the place, can’t put a price on that.

[jpinpb]

700 is way more than fair. I’m a lowballer so if you competed in a bidding war w/me, you’d win on this. But I try real hard to not fall in love w/a place. If you love this place, then go for it. But like most people say on these threads, and I agree, I won’t be too shocked if prices come down to 2002 levels, though I anticipate that it will take a while, few years maybe in Encinitas. With that said, if you’re comfortable w/the payments and you love the place, can’t put a price on that.

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