Short-Sale dealings in Encinitas (Jerrilynn)

[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

[jimklinge]

The newer short-sale listing at 1635 Olmeda might have drawn some attention away from yours, it is 2,285 sf but has been divided into two units and looks funky. It was nearing foreclosure so they listed at $570,000 and have offers to send in. There is also 1603 Olmeda, a remodeled 1,836sf house that sold for $725,000 a couple of years ago, coming back on as an REO shortly for (I’m guessing) $600,000 or less.

They are in the older part of Encinitas Estates and could be apples-to-oranges compared to yours, but when you see those close at least you’ll know they’re coming.

You know better than anyone – you’ve been studying it closer than us, so go with what you believe.

Jim the Realtor

[jimklinge]

The newer short-sale listing at 1635 Olmeda might have drawn some attention away from yours, it is 2,285 sf but has been divided into two units and looks funky. It was nearing foreclosure so they listed at $570,000 and have offers to send in. There is also 1603 Olmeda, a remodeled 1,836sf house that sold for $725,000 a couple of years ago, coming back on as an REO shortly for (I’m guessing) $600,000 or less.

They are in the older part of Encinitas Estates and could be apples-to-oranges compared to yours, but when you see those close at least you’ll know they’re coming.

You know better than anyone – you’ve been studying it closer than us, so go with what you believe.

Jim the Realtor

[jimklinge]

The newer short-sale listing at 1635 Olmeda might have drawn some attention away from yours, it is 2,285 sf but has been divided into two units and looks funky. It was nearing foreclosure so they listed at $570,000 and have offers to send in. There is also 1603 Olmeda, a remodeled 1,836sf house that sold for $725,000 a couple of years ago, coming back on as an REO shortly for (I’m guessing) $600,000 or less.

They are in the older part of Encinitas Estates and could be apples-to-oranges compared to yours, but when you see those close at least you’ll know they’re coming.

You know better than anyone – you’ve been studying it closer than us, so go with what you believe.

Jim the Realtor

[jimklinge]

The newer short-sale listing at 1635 Olmeda might have drawn some attention away from yours, it is 2,285 sf but has been divided into two units and looks funky. It was nearing foreclosure so they listed at $570,000 and have offers to send in. There is also 1603 Olmeda, a remodeled 1,836sf house that sold for $725,000 a couple of years ago, coming back on as an REO shortly for (I’m guessing) $600,000 or less.

They are in the older part of Encinitas Estates and could be apples-to-oranges compared to yours, but when you see those close at least you’ll know they’re coming.

You know better than anyone – you’ve been studying it closer than us, so go with what you believe.

Jim the Realtor

[jimklinge]

The newer short-sale listing at 1635 Olmeda might have drawn some attention away from yours, it is 2,285 sf but has been divided into two units and looks funky. It was nearing foreclosure so they listed at $570,000 and have offers to send in. There is also 1603 Olmeda, a remodeled 1,836sf house that sold for $725,000 a couple of years ago, coming back on as an REO shortly for (I’m guessing) $600,000 or less.

They are in the older part of Encinitas Estates and could be apples-to-oranges compared to yours, but when you see those close at least you’ll know they’re coming.

You know better than anyone – you’ve been studying it closer than us, so go with what you believe.

Jim the Realtor

[Nicole]

you’re the best SD, i’ll give it a try.

-nicole
new house hunter

[Nicole]

you’re the best SD, i’ll give it a try.

-nicole
new house hunter

[Nicole]

you’re the best SD, i’ll give it a try.

-nicole
new house hunter

[Nicole]

you’re the best SD, i’ll give it a try.

-nicole
new house hunter

[Nicole]

you’re the best SD, i’ll give it a try.

-nicole
new house hunter

[Nicole]

Thanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.

Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.

-nicole
new house hunter

[Nicole]

Thanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.

Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.

-nicole
new house hunter

[Nicole]

Thanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.

Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.

-nicole
new house hunter

[Nicole]

Thanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.

Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.

-nicole
new house hunter

[Author]

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