Short Sell vs Foreclosure

[sdrealtor]

FWIW, NOD and foreclosures are still very rare in Carlsbad unless you are looking for an older POS condo.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[jpinpb]

And I didn’t ignore the duplicate. It was at the top of the forum and I didn’t see this one below. So here’s my repeat post:

At the peak, homes on this street were selling for 17076 Silver Pine Rd 12/30/2005 $954,045.

That’s an impressive drop. Place seems pretty nice, but not much of a private backyard.

That’s a long time on the market.

Seems they reduced it a few times:
Price Reduced: 02/11/2008 from $774,888-$799,888 to $699,888-$749,888
Price Reduced: 08/12/2007 from $875,000-$925,000 to $774,888-$829,888

Now Price: $699,888 to $749,888

I imagine they may accept a lower offer.

Hard to predict how much further prices will drop there. I’m sure many will say there is a ways to go. Many here are of the belief prices will fall to before the peak. I think 2002 levels.

These homes were all built at the peak. Not as easy to gauge what the price should be, no comps from 2002.

Personal questions: Do you really like the place? Why can you no longer wait to buy? Do you HAVE to be in 4S Ranch? Can you easily afford the PITI long term or will it be a struggle?

Any time I drive through there, I think nice, new neighborhood, safe, etc. But then I remember the premium to live there, HOAs, Mello Roos. That’s a deterrent for me. If it’s a deterrent for me, it may be for others. Clearly, judging from all the problems in 4Closure Ranch, many were just gambling there, investing, planning on flipping, etc.

[SD Realtor]

Currently the two Silver Pine short sales are as follows. The first one listed at 720k has a 750k offer into the lender but the buyers are tired of waiting and have bailed. LA believes that the lender will accept 720. The other one at a range of 699k up has lender approved sales price at 775. LA moved the asking price down just to get some offers into the lender. There certainly is no hard in submitting lowball offers and trying. Just have patience because if you think you can submit your offer and have a reply back in a few days you are mistaken.

I would agree that 4S will come down. The timing of the depreciation is what is harder to figure out. SD Realtor

[SD Realtor]

Currently the two Silver Pine short sales are as follows. The first one listed at 720k has a 750k offer into the lender but the buyers are tired of waiting and have bailed. LA believes that the lender will accept 720. The other one at a range of 699k up has lender approved sales price at 775. LA moved the asking price down just to get some offers into the lender. There certainly is no hard in submitting lowball offers and trying. Just have patience because if you think you can submit your offer and have a reply back in a few days you are mistaken.

I would agree that 4S will come down. The timing of the depreciation is what is harder to figure out. SD Realtor

[SD Realtor]

Currently the two Silver Pine short sales are as follows. The first one listed at 720k has a 750k offer into the lender but the buyers are tired of waiting and have bailed. LA believes that the lender will accept 720. The other one at a range of 699k up has lender approved sales price at 775. LA moved the asking price down just to get some offers into the lender. There certainly is no hard in submitting lowball offers and trying. Just have patience because if you think you can submit your offer and have a reply back in a few days you are mistaken.

I would agree that 4S will come down. The timing of the depreciation is what is harder to figure out. SD Realtor

[SD Realtor]

Currently the two Silver Pine short sales are as follows. The first one listed at 720k has a 750k offer into the lender but the buyers are tired of waiting and have bailed. LA believes that the lender will accept 720. The other one at a range of 699k up has lender approved sales price at 775. LA moved the asking price down just to get some offers into the lender. There certainly is no hard in submitting lowball offers and trying. Just have patience because if you think you can submit your offer and have a reply back in a few days you are mistaken.

I would agree that 4S will come down. The timing of the depreciation is what is harder to figure out. SD Realtor

[SD Realtor]

Currently the two Silver Pine short sales are as follows. The first one listed at 720k has a 750k offer into the lender but the buyers are tired of waiting and have bailed. LA believes that the lender will accept 720. The other one at a range of 699k up has lender approved sales price at 775. LA moved the asking price down just to get some offers into the lender. There certainly is no hard in submitting lowball offers and trying. Just have patience because if you think you can submit your offer and have a reply back in a few days you are mistaken.

I would agree that 4S will come down. The timing of the depreciation is what is harder to figure out. SD Realtor

[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[jpinpb]

SD Realtor – Thanks for all the information you provide on these boards. I really appreciate it.

[Author]

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