Sunset Cove

[Ren]

[quote=ccutequeen]
I just checked the price for sunset cove and they just raised $5000 for them. Is market heating up or they are just crazy[/quote]

Many builders, owners, and listing agents are so convinced that their property is worth more than the comps that when it doesn’t sell at a particular price, they figure that they must have priced it too low. Some people are a little slow.

[Ren]

[quote=ccutequeen]
I just checked the price for sunset cove and they just raised $5000 for them. Is market heating up or they are just crazy[/quote]

Many builders, owners, and listing agents are so convinced that their property is worth more than the comps that when it doesn’t sell at a particular price, they figure that they must have priced it too low. Some people are a little slow.

[Ren]

[quote=ccutequeen]
I just checked the price for sunset cove and they just raised $5000 for them. Is market heating up or they are just crazy[/quote]

Many builders, owners, and listing agents are so convinced that their property is worth more than the comps that when it doesn’t sell at a particular price, they figure that they must have priced it too low. Some people are a little slow.

[Ren]

[quote=ccutequeen]
I just checked the price for sunset cove and they just raised $5000 for them. Is market heating up or they are just crazy[/quote]

Many builders, owners, and listing agents are so convinced that their property is worth more than the comps that when it doesn’t sell at a particular price, they figure that they must have priced it too low. Some people are a little slow.

[Ren]

[quote=ccutequeen]
I just checked the price for sunset cove and they just raised $5000 for them. Is market heating up or they are just crazy[/quote]

Many builders, owners, and listing agents are so convinced that their property is worth more than the comps that when it doesn’t sell at a particular price, they figure that they must have priced it too low. Some people are a little slow.

[svelte]

ccutequeen –

If your current rent is $1200 (*) and you’re struggling with putting $800 back, that puts your absolute max mortgage at about $2000/mo.

A 30 yr fixed on Sunset Cove, even with 20% down, is going to be closer to $3000/mo than $2000/mo.

It looks like your best plan is to continue saving and waiting for prices to drop more until the necessary purchase price / down payment / monthly payment lines intersect at a very comfortable level.

Please keep us posted!

(*) – $1200/mo was sduuuuude’s guess at your current rent, so figures above will need to be adjusted for your specific situation.

[svelte]

ccutequeen –

If your current rent is $1200 (*) and you’re struggling with putting $800 back, that puts your absolute max mortgage at about $2000/mo.

A 30 yr fixed on Sunset Cove, even with 20% down, is going to be closer to $3000/mo than $2000/mo.

It looks like your best plan is to continue saving and waiting for prices to drop more until the necessary purchase price / down payment / monthly payment lines intersect at a very comfortable level.

Please keep us posted!

(*) – $1200/mo was sduuuuude’s guess at your current rent, so figures above will need to be adjusted for your specific situation.

[svelte]

ccutequeen –

If your current rent is $1200 (*) and you’re struggling with putting $800 back, that puts your absolute max mortgage at about $2000/mo.

A 30 yr fixed on Sunset Cove, even with 20% down, is going to be closer to $3000/mo than $2000/mo.

It looks like your best plan is to continue saving and waiting for prices to drop more until the necessary purchase price / down payment / monthly payment lines intersect at a very comfortable level.

Please keep us posted!

(*) – $1200/mo was sduuuuude’s guess at your current rent, so figures above will need to be adjusted for your specific situation.

[svelte]

ccutequeen –

If your current rent is $1200 (*) and you’re struggling with putting $800 back, that puts your absolute max mortgage at about $2000/mo.

A 30 yr fixed on Sunset Cove, even with 20% down, is going to be closer to $3000/mo than $2000/mo.

It looks like your best plan is to continue saving and waiting for prices to drop more until the necessary purchase price / down payment / monthly payment lines intersect at a very comfortable level.

Please keep us posted!

(*) – $1200/mo was sduuuuude’s guess at your current rent, so figures above will need to be adjusted for your specific situation.

[svelte]

ccutequeen –

If your current rent is $1200 (*) and you’re struggling with putting $800 back, that puts your absolute max mortgage at about $2000/mo.

A 30 yr fixed on Sunset Cove, even with 20% down, is going to be closer to $3000/mo than $2000/mo.

It looks like your best plan is to continue saving and waiting for prices to drop more until the necessary purchase price / down payment / monthly payment lines intersect at a very comfortable level.

Please keep us posted!

(*) – $1200/mo was sduuuuude’s guess at your current rent, so figures above will need to be adjusted for your specific situation.

[ccutequeen]

Thanks for all the great reply, especially the one comment on “some ppl think property doesnt sell is because its priced too low”, that one makes me LOL.
I sure hope they wake up and adjust the price to a more reasonble one.
I have the 20% down already, but as you all said, its still too high of a monthly payment left. So I am now working on saving toward 30%. Thats going to a long way, unless they lower the price soon to 350k or lower (dreaming here).
I am also keeping an eye on Spectrum at Kearny Mesa. Their property still over priced. Like 2bd/2bath asking 378k with 1200+ sqft. I really feel those should be priced around 300k.
Oh well, need to worry about if I should move $ out of WAMU for right now. They holds all my $ for down payment there and they dont seem to be doing good at all.

[ccutequeen]

Thanks for all the great reply, especially the one comment on “some ppl think property doesnt sell is because its priced too low”, that one makes me LOL.
I sure hope they wake up and adjust the price to a more reasonble one.
I have the 20% down already, but as you all said, its still too high of a monthly payment left. So I am now working on saving toward 30%. Thats going to a long way, unless they lower the price soon to 350k or lower (dreaming here).
I am also keeping an eye on Spectrum at Kearny Mesa. Their property still over priced. Like 2bd/2bath asking 378k with 1200+ sqft. I really feel those should be priced around 300k.
Oh well, need to worry about if I should move $ out of WAMU for right now. They holds all my $ for down payment there and they dont seem to be doing good at all.

[ccutequeen]

Thanks for all the great reply, especially the one comment on “some ppl think property doesnt sell is because its priced too low”, that one makes me LOL.
I sure hope they wake up and adjust the price to a more reasonble one.
I have the 20% down already, but as you all said, its still too high of a monthly payment left. So I am now working on saving toward 30%. Thats going to a long way, unless they lower the price soon to 350k or lower (dreaming here).
I am also keeping an eye on Spectrum at Kearny Mesa. Their property still over priced. Like 2bd/2bath asking 378k with 1200+ sqft. I really feel those should be priced around 300k.
Oh well, need to worry about if I should move $ out of WAMU for right now. They holds all my $ for down payment there and they dont seem to be doing good at all.

[ccutequeen]

Thanks for all the great reply, especially the one comment on “some ppl think property doesnt sell is because its priced too low”, that one makes me LOL.
I sure hope they wake up and adjust the price to a more reasonble one.
I have the 20% down already, but as you all said, its still too high of a monthly payment left. So I am now working on saving toward 30%. Thats going to a long way, unless they lower the price soon to 350k or lower (dreaming here).
I am also keeping an eye on Spectrum at Kearny Mesa. Their property still over priced. Like 2bd/2bath asking 378k with 1200+ sqft. I really feel those should be priced around 300k.
Oh well, need to worry about if I should move $ out of WAMU for right now. They holds all my $ for down payment there and they dont seem to be doing good at all.

[ccutequeen]

Thanks for all the great reply, especially the one comment on “some ppl think property doesnt sell is because its priced too low”, that one makes me LOL.
I sure hope they wake up and adjust the price to a more reasonble one.
I have the 20% down already, but as you all said, its still too high of a monthly payment left. So I am now working on saving toward 30%. Thats going to a long way, unless they lower the price soon to 350k or lower (dreaming here).
I am also keeping an eye on Spectrum at Kearny Mesa. Their property still over priced. Like 2bd/2bath asking 378k with 1200+ sqft. I really feel those should be priced around 300k.
Oh well, need to worry about if I should move $ out of WAMU for right now. They holds all my $ for down payment there and they dont seem to be doing good at all.

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