Short-Sale dealings in Encinitas (Jerrilynn)

[SD Realtor]

Nicole good for you for running the numbers!!! It is actually pretty interesting to see the variations isn’t it? Okay some other stuff… Remember on the sale of the home you need to compensate another 5-6% to cover sales costs when you do sell it so don’t forget about that.

At any rate the spread sheet is a nice method that you can use to not necessarly predict the exact year of when you will break even again, but at least make a best and worst case scenario to give you a range.

Also one other thing… Once more if you really love the home, then NOT getting the home simply because you missed it by a few thousand dollars will really irk you. See Raptorducks posting… That said, I do believe that the market up there will continue to decline and that in the future you will have ample opportunity as more homes become distressed. I say this without having run any analysis of the home you are looking at.

Finally Jim and sdrealtor brought up very good points and both of them are very astute with regards to that particular submarket.

SD Realtor

[Nicole]

sdrealtor, My husband is going to see the Coolngreen house tomorrow, we tried to go last night but our schedules didn’t work out well. We’re not to excited about it though, because it is beyond our price range- I don’t feel comfortable with greater than 700K. I’m afraid we wouldn’t get it at that price.

BTW, You’re freakin’ me out about what’s 1 block east of Jerrilyn- I really don’t know? what’s the deal with 1 block east? I just see neighborhoods there. Any advice about that area would be greatly appreciated. I think you’re right that there wasn’t a true hardship, but as far as we know everything has been approved with the bank, so who knows?

-nicole
new house hunter

[Nicole]

sdrealtor, My husband is going to see the Coolngreen house tomorrow, we tried to go last night but our schedules didn’t work out well. We’re not to excited about it though, because it is beyond our price range- I don’t feel comfortable with greater than 700K. I’m afraid we wouldn’t get it at that price.

BTW, You’re freakin’ me out about what’s 1 block east of Jerrilyn- I really don’t know? what’s the deal with 1 block east? I just see neighborhoods there. Any advice about that area would be greatly appreciated. I think you’re right that there wasn’t a true hardship, but as far as we know everything has been approved with the bank, so who knows?

-nicole
new house hunter

[Nicole]

sdrealtor, My husband is going to see the Coolngreen house tomorrow, we tried to go last night but our schedules didn’t work out well. We’re not to excited about it though, because it is beyond our price range- I don’t feel comfortable with greater than 700K. I’m afraid we wouldn’t get it at that price.

BTW, You’re freakin’ me out about what’s 1 block east of Jerrilyn- I really don’t know? what’s the deal with 1 block east? I just see neighborhoods there. Any advice about that area would be greatly appreciated. I think you’re right that there wasn’t a true hardship, but as far as we know everything has been approved with the bank, so who knows?

-nicole
new house hunter

[Nicole]

sdrealtor, My husband is going to see the Coolngreen house tomorrow, we tried to go last night but our schedules didn’t work out well. We’re not to excited about it though, because it is beyond our price range- I don’t feel comfortable with greater than 700K. I’m afraid we wouldn’t get it at that price.

BTW, You’re freakin’ me out about what’s 1 block east of Jerrilyn- I really don’t know? what’s the deal with 1 block east? I just see neighborhoods there. Any advice about that area would be greatly appreciated. I think you’re right that there wasn’t a true hardship, but as far as we know everything has been approved with the bank, so who knows?

-nicole
new house hunter

[Nicole]

sdrealtor, My husband is going to see the Coolngreen house tomorrow, we tried to go last night but our schedules didn’t work out well. We’re not to excited about it though, because it is beyond our price range- I don’t feel comfortable with greater than 700K. I’m afraid we wouldn’t get it at that price.

BTW, You’re freakin’ me out about what’s 1 block east of Jerrilyn- I really don’t know? what’s the deal with 1 block east? I just see neighborhoods there. Any advice about that area would be greatly appreciated. I think you’re right that there wasn’t a true hardship, but as far as we know everything has been approved with the bank, so who knows?

-nicole
new house hunter

[nccoastalseller]

nccoastalseller

There is a high power transmission line just a few blocks east of Jerrilynn but I don’t think it’s worth worrying about. This area is much more desirable now that there are traffic lights to exit at willowspring/el camino and cerro/encintas blvd intersection. A few months back this was not the case and it was dangerous to cross those intersections. This area has no hoa’s which is a plus. A mixed bag as far as the neighbors are concerned. The chimney sweep that we used to sell our house in the area said that all of the white brick chimneys in that neighborhood were junk and required significant repairs. Again nothing major to worry about if you’re spending 700k. No sex offenders registered with CA Megan’s law in the area. Lots of inventory in this area relative to Coolngreen area which in the end will put more pressure on prices. I like mls# 071090243, big lot, nice neighbors, but he HOA’s are a bit steep and it might be small for you. The sign in the front yard say “bring an offer”. Why not try a low 600’s offer and use the rest to build studio for extened family.

[nccoastalseller]

nccoastalseller

There is a high power transmission line just a few blocks east of Jerrilynn but I don’t think it’s worth worrying about. This area is much more desirable now that there are traffic lights to exit at willowspring/el camino and cerro/encintas blvd intersection. A few months back this was not the case and it was dangerous to cross those intersections. This area has no hoa’s which is a plus. A mixed bag as far as the neighbors are concerned. The chimney sweep that we used to sell our house in the area said that all of the white brick chimneys in that neighborhood were junk and required significant repairs. Again nothing major to worry about if you’re spending 700k. No sex offenders registered with CA Megan’s law in the area. Lots of inventory in this area relative to Coolngreen area which in the end will put more pressure on prices. I like mls# 071090243, big lot, nice neighbors, but he HOA’s are a bit steep and it might be small for you. The sign in the front yard say “bring an offer”. Why not try a low 600’s offer and use the rest to build studio for extened family.

[nccoastalseller]

nccoastalseller

There is a high power transmission line just a few blocks east of Jerrilynn but I don’t think it’s worth worrying about. This area is much more desirable now that there are traffic lights to exit at willowspring/el camino and cerro/encintas blvd intersection. A few months back this was not the case and it was dangerous to cross those intersections. This area has no hoa’s which is a plus. A mixed bag as far as the neighbors are concerned. The chimney sweep that we used to sell our house in the area said that all of the white brick chimneys in that neighborhood were junk and required significant repairs. Again nothing major to worry about if you’re spending 700k. No sex offenders registered with CA Megan’s law in the area. Lots of inventory in this area relative to Coolngreen area which in the end will put more pressure on prices. I like mls# 071090243, big lot, nice neighbors, but he HOA’s are a bit steep and it might be small for you. The sign in the front yard say “bring an offer”. Why not try a low 600’s offer and use the rest to build studio for extened family.

[nccoastalseller]

nccoastalseller

There is a high power transmission line just a few blocks east of Jerrilynn but I don’t think it’s worth worrying about. This area is much more desirable now that there are traffic lights to exit at willowspring/el camino and cerro/encintas blvd intersection. A few months back this was not the case and it was dangerous to cross those intersections. This area has no hoa’s which is a plus. A mixed bag as far as the neighbors are concerned. The chimney sweep that we used to sell our house in the area said that all of the white brick chimneys in that neighborhood were junk and required significant repairs. Again nothing major to worry about if you’re spending 700k. No sex offenders registered with CA Megan’s law in the area. Lots of inventory in this area relative to Coolngreen area which in the end will put more pressure on prices. I like mls# 071090243, big lot, nice neighbors, but he HOA’s are a bit steep and it might be small for you. The sign in the front yard say “bring an offer”. Why not try a low 600’s offer and use the rest to build studio for extened family.

[nccoastalseller]

nccoastalseller

There is a high power transmission line just a few blocks east of Jerrilynn but I don’t think it’s worth worrying about. This area is much more desirable now that there are traffic lights to exit at willowspring/el camino and cerro/encintas blvd intersection. A few months back this was not the case and it was dangerous to cross those intersections. This area has no hoa’s which is a plus. A mixed bag as far as the neighbors are concerned. The chimney sweep that we used to sell our house in the area said that all of the white brick chimneys in that neighborhood were junk and required significant repairs. Again nothing major to worry about if you’re spending 700k. No sex offenders registered with CA Megan’s law in the area. Lots of inventory in this area relative to Coolngreen area which in the end will put more pressure on prices. I like mls# 071090243, big lot, nice neighbors, but he HOA’s are a bit steep and it might be small for you. The sign in the front yard say “bring an offer”. Why not try a low 600’s offer and use the rest to build studio for extened family.

[Nicole]

.Thanks NCCostal- I didn’t realize there was a transmission line there, good to know. Interesting facts about the chimneys. Also good to know there are no sex offenders there, I never been a fan of them 🙂 I did check out the 071090243 listing online, but ruled it out because of the size (sister-in-law is set to move in 1 week). Perhaps, that was hasty, I’ve asked my husband to see it tomorrow if possible. thanks so much for clarifying things, i went on google maps satellite and saw this big pile of dirt- i got worried it was a nuclear waste dump!

-nicole
new house hunter

[Nicole]

.Thanks NCCostal- I didn’t realize there was a transmission line there, good to know. Interesting facts about the chimneys. Also good to know there are no sex offenders there, I never been a fan of them 🙂 I did check out the 071090243 listing online, but ruled it out because of the size (sister-in-law is set to move in 1 week). Perhaps, that was hasty, I’ve asked my husband to see it tomorrow if possible. thanks so much for clarifying things, i went on google maps satellite and saw this big pile of dirt- i got worried it was a nuclear waste dump!

-nicole
new house hunter

[Nicole]

.Thanks NCCostal- I didn’t realize there was a transmission line there, good to know. Interesting facts about the chimneys. Also good to know there are no sex offenders there, I never been a fan of them 🙂 I did check out the 071090243 listing online, but ruled it out because of the size (sister-in-law is set to move in 1 week). Perhaps, that was hasty, I’ve asked my husband to see it tomorrow if possible. thanks so much for clarifying things, i went on google maps satellite and saw this big pile of dirt- i got worried it was a nuclear waste dump!

-nicole
new house hunter

[Nicole]

.Thanks NCCostal- I didn’t realize there was a transmission line there, good to know. Interesting facts about the chimneys. Also good to know there are no sex offenders there, I never been a fan of them 🙂 I did check out the 071090243 listing online, but ruled it out because of the size (sister-in-law is set to move in 1 week). Perhaps, that was hasty, I’ve asked my husband to see it tomorrow if possible. thanks so much for clarifying things, i went on google maps satellite and saw this big pile of dirt- i got worried it was a nuclear waste dump!

-nicole
new house hunter

[Author]

Posts