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  • December 12, 2007 at 7:40 PM #11190
    lu
    Participant

    What do folks think about this listing?

    645 Brae Mar Court, Encinitas, CA

    It’s shown as for sale on zillow for $995K but it’s actually now a short sale owned by WaMu — going for $800K. The last sale was for $1.2M in Jan of ’07 (0% down of course).

    That’s a 33% haircut — any thoughts on whether that brings the property back down to “fair value”? It looks like the 2003 price point was hovering around $750K or so.

    The comps on zillow all show upwards of $1M, even up to $1.5M.

    Any thoughts from the realtors out there?

    – Lu

    December 12, 2007 at 10:24 PM #115733
    Anonymous
    Guest

    If it’s owned by WaMu it is not a short sale.

    It’s an REO.

    You know, you can tune a piano, but you can’t tune a fish.

    December 12, 2007 at 10:24 PM #115865
    Anonymous
    Guest

    If it’s owned by WaMu it is not a short sale.

    It’s an REO.

    You know, you can tune a piano, but you can’t tune a fish.

    December 12, 2007 at 10:24 PM #115896
    Anonymous
    Guest

    If it’s owned by WaMu it is not a short sale.

    It’s an REO.

    You know, you can tune a piano, but you can’t tune a fish.

    December 12, 2007 at 10:24 PM #115902
    Anonymous
    Guest

    If it’s owned by WaMu it is not a short sale.

    It’s an REO.

    You know, you can tune a piano, but you can’t tune a fish.

    December 12, 2007 at 10:24 PM #115938
    Anonymous
    Guest

    If it’s owned by WaMu it is not a short sale.

    It’s an REO.

    You know, you can tune a piano, but you can’t tune a fish.

    December 12, 2007 at 10:40 PM #115749
    SD Realtor
    Participant

    Colombo I can honestly say I have never heard that quote before!

    I was cracking up.

    D Realtor

    December 12, 2007 at 10:40 PM #115881
    SD Realtor
    Participant

    Colombo I can honestly say I have never heard that quote before!

    I was cracking up.

    D Realtor

    December 12, 2007 at 10:40 PM #115911
    SD Realtor
    Participant

    Colombo I can honestly say I have never heard that quote before!

    I was cracking up.

    D Realtor

    December 12, 2007 at 10:40 PM #115917
    SD Realtor
    Participant

    Colombo I can honestly say I have never heard that quote before!

    I was cracking up.

    D Realtor

    December 12, 2007 at 10:40 PM #115953
    SD Realtor
    Participant

    Colombo I can honestly say I have never heard that quote before!

    I was cracking up.

    D Realtor

    December 12, 2007 at 11:05 PM #115774
    PadreBrian
    Participant

    2003 price point was hovering around $750K

    If 2001 Prices are where the market should be (before the free money was being handed out by the reserve), then 650-700k is where you should aim for.

    December 12, 2007 at 11:05 PM #115905
    PadreBrian
    Participant

    2003 price point was hovering around $750K

    If 2001 Prices are where the market should be (before the free money was being handed out by the reserve), then 650-700k is where you should aim for.

    December 12, 2007 at 11:05 PM #115936
    PadreBrian
    Participant

    2003 price point was hovering around $750K

    If 2001 Prices are where the market should be (before the free money was being handed out by the reserve), then 650-700k is where you should aim for.

    December 12, 2007 at 11:05 PM #115942
    PadreBrian
    Participant

    2003 price point was hovering around $750K

    If 2001 Prices are where the market should be (before the free money was being handed out by the reserve), then 650-700k is where you should aim for.

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