Short-Sale dealings in Encinitas (Jerrilynn)

[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.

[Nicole]

thanks for the response, how many years do you think we’d have to stay in the house to see 699K again?

Also, in my opinion there is very likely to be another offer because we offered less than the asking and they agreed to take he house off the market prior to bank approval. I don’t think they would have done that with only one offer than wasn’t even at full asking. From my limited experience with short sales they usually don’t take it off the market until they have multiple reasonable offers or one at/above asking (i’m no expert, but that’s what i’ve seen so far).

-nicole
new house hunter

[Nicole]

thanks for the response, how many years do you think we’d have to stay in the house to see 699K again?

Also, in my opinion there is very likely to be another offer because we offered less than the asking and they agreed to take he house off the market prior to bank approval. I don’t think they would have done that with only one offer than wasn’t even at full asking. From my limited experience with short sales they usually don’t take it off the market until they have multiple reasonable offers or one at/above asking (i’m no expert, but that’s what i’ve seen so far).

-nicole
new house hunter

[Nicole]

thanks for the response, how many years do you think we’d have to stay in the house to see 699K again?

Also, in my opinion there is very likely to be another offer because we offered less than the asking and they agreed to take he house off the market prior to bank approval. I don’t think they would have done that with only one offer than wasn’t even at full asking. From my limited experience with short sales they usually don’t take it off the market until they have multiple reasonable offers or one at/above asking (i’m no expert, but that’s what i’ve seen so far).

-nicole
new house hunter

[Nicole]

thanks for the response, how many years do you think we’d have to stay in the house to see 699K again?

Also, in my opinion there is very likely to be another offer because we offered less than the asking and they agreed to take he house off the market prior to bank approval. I don’t think they would have done that with only one offer than wasn’t even at full asking. From my limited experience with short sales they usually don’t take it off the market until they have multiple reasonable offers or one at/above asking (i’m no expert, but that’s what i’ve seen so far).

-nicole
new house hunter

[Nicole]

thanks for the response, how many years do you think we’d have to stay in the house to see 699K again?

Also, in my opinion there is very likely to be another offer because we offered less than the asking and they agreed to take he house off the market prior to bank approval. I don’t think they would have done that with only one offer than wasn’t even at full asking. From my limited experience with short sales they usually don’t take it off the market until they have multiple reasonable offers or one at/above asking (i’m no expert, but that’s what i’ve seen so far).

-nicole
new house hunter

[Nicole]

sdrealtor- I thought most of the elementary schools in the area were pretty good? Do you know something different?

I will look into it, thanks.

-nicole
new house hunter

[Nicole]

sdrealtor- I thought most of the elementary schools in the area were pretty good? Do you know something different?

I will look into it, thanks.

-nicole
new house hunter

[Nicole]

sdrealtor- I thought most of the elementary schools in the area were pretty good? Do you know something different?

I will look into it, thanks.

-nicole
new house hunter

[Nicole]

sdrealtor- I thought most of the elementary schools in the area were pretty good? Do you know something different?

I will look into it, thanks.

-nicole
new house hunter

[Nicole]

sdrealtor- I thought most of the elementary schools in the area were pretty good? Do you know something different?

I will look into it, thanks.

-nicole
new house hunter

[SD Realtor]

Hi Nicole –

The best advice I would give you to estimate the value of the house x years from now is to simply put a spread sheet together that illustrates it for you. Run the estimation 10 years out. In any given year or years use a depreciation or appreciation rate that mimics what you think will happen. For instance, for this property perhaps run a depreciation of say 5% a year for a few years. Then a few years out start running an appreciation rate of 2-3% for a year or two, then pick it up to 4% and see how long it takes you to get back to your selling price. The entire exercise is much easier then it sounds.

SD Realtor

[SD Realtor]

Hi Nicole –

The best advice I would give you to estimate the value of the house x years from now is to simply put a spread sheet together that illustrates it for you. Run the estimation 10 years out. In any given year or years use a depreciation or appreciation rate that mimics what you think will happen. For instance, for this property perhaps run a depreciation of say 5% a year for a few years. Then a few years out start running an appreciation rate of 2-3% for a year or two, then pick it up to 4% and see how long it takes you to get back to your selling price. The entire exercise is much easier then it sounds.

SD Realtor

[SD Realtor]

Hi Nicole –

The best advice I would give you to estimate the value of the house x years from now is to simply put a spread sheet together that illustrates it for you. Run the estimation 10 years out. In any given year or years use a depreciation or appreciation rate that mimics what you think will happen. For instance, for this property perhaps run a depreciation of say 5% a year for a few years. Then a few years out start running an appreciation rate of 2-3% for a year or two, then pick it up to 4% and see how long it takes you to get back to your selling price. The entire exercise is much easier then it sounds.

SD Realtor

[SD Realtor]

Hi Nicole –

The best advice I would give you to estimate the value of the house x years from now is to simply put a spread sheet together that illustrates it for you. Run the estimation 10 years out. In any given year or years use a depreciation or appreciation rate that mimics what you think will happen. For instance, for this property perhaps run a depreciation of say 5% a year for a few years. Then a few years out start running an appreciation rate of 2-3% for a year or two, then pick it up to 4% and see how long it takes you to get back to your selling price. The entire exercise is much easier then it sounds.

SD Realtor

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