The bear got shot

[JJsqueeze]

Despite my bearishness, the combination of my daughter starting kindergarten and my loathing of the rented condo life has led me to enter negotiations on a house. It is in the Buena Creek area of Vista. Despite the Vista city locale, the elementary school and high school look decent (Rancho Buena Vista HS boundary not Vista HS), the middle school looks dodgy on paper, but I have 7 years to solve that problem so I am comfortable with it. Crime is not an issue in this area either. The address is 1011 Valley Crest and we landed at $477,000 as the agreed price. I know the market is dropping so my eyes are wide open on that front. We can afford it with conventional financing and my wife will still not have to work. The question is this. Relatively speaking, is this good deal right now? I have the last counter awaiting my signature (the only item left is that they want a 12 day contingency removal but they say it is due to the quick 30 day escrow and not a desire to shorten the window for me squirming off the hook…yeah right). I appreciate any feedback, especially from anyone who knows the area.

[bubble_contagion]

I say go ahead and buy it. For you it is an emotional decision not a financial one. People buy new cars everyday for the pleasure not for economics. I am encouraging people that have good income and savings to buy right now. That way, at the bottom, there will be less competition.

[bubble_contagion]

I say go ahead and buy it. For you it is an emotional decision not a financial one. People buy new cars everyday for the pleasure not for economics. I am encouraging people that have good income and savings to buy right now. That way, at the bottom, there will be less competition.

[ocrenter]

love the chain-linked fence and gate, great kitchen from “That 70’s Show.”

that is one huge yard though…

[ocrenter]

love the chain-linked fence and gate, great kitchen from “That 70’s Show.”

that is one huge yard though…

[JJsqueeze]

LOL…yeah..it needs new skins and appliances. That kitchen get’s demo’d day one.

[JJsqueeze]

LOL…yeah..it needs new skins and appliances. That kitchen get’s demo’d day one.

[temeculaguy]

What elementary school and the middle school? There’s really no good middle school north of the 78 in that area, washington and lincoln are predominately english learners from apartments on Postal way and the townsite area. If you are assigned to the elementary school on Valley, then it is one of the better ones. I know the area well and it is a nice semi-rural area that despite having a Vista zip code it is not in the city of Vista and is closer to North Twin Oaks area north of San marcos than Vista. I don’t know that street but it is one street away from Sugarbush, which is one of the gems of the North County so it should be fine. It’s all customs and nurseries, minimal traffic to the 78 and the 15, reminds me of Bonsall or Valley Center while being closer to civilization.

[temeculaguy]

What elementary school and the middle school? There’s really no good middle school north of the 78 in that area, washington and lincoln are predominately english learners from apartments on Postal way and the townsite area. If you are assigned to the elementary school on Valley, then it is one of the better ones. I know the area well and it is a nice semi-rural area that despite having a Vista zip code it is not in the city of Vista and is closer to North Twin Oaks area north of San marcos than Vista. I don’t know that street but it is one street away from Sugarbush, which is one of the gems of the North County so it should be fine. It’s all customs and nurseries, minimal traffic to the 78 and the 15, reminds me of Bonsall or Valley Center while being closer to civilization.

[JJsqueeze]

The elementary is Monte Vista, the middle school is Rancho Minerva (used to be Lincoln). You nailed your assessment of the middle schools. When the time comes Rancho Minerva will either have changed significantly or I will using finding another option. You have the area right also, all customs, large lots, can have a horse or a couple of llamas, multiple wives…etc.

[JJsqueeze]

The elementary is Monte Vista, the middle school is Rancho Minerva (used to be Lincoln). You nailed your assessment of the middle schools. When the time comes Rancho Minerva will either have changed significantly or I will using finding another option. You have the area right also, all customs, large lots, can have a horse or a couple of llamas, multiple wives…etc.

[SD Realtor]

I am sure your realtor already did this for you but you did notice that the listing went on the market originally in 10/12/06 and sat on the market for 182 days before it expired. The listing agent is Christine Clark. Not to long ago I represented a buyer who purchased a home out there. He bought a higher end home not far from yours and I believe he is happy with the area. However he does not have children and does have a need for horse property. The listing agent is pretty good, like I said she has alot of listings out that way and is quite well known. The listing then expired and was relisted in April. It has been on the market another 43 days. The seller is offering 3% commission to your agent. I think you are getting a decent price but I feel you could drive a bit harder bargain given the time they have been on the market. Note, I have not been out there to compare other listings, so if this home is markedly better then everything you have seen in the price range then run with it. However just looking at the raw data without other knowledge I would twist their arm a little bit more….

SD Realtor

[SD Realtor]

I am sure your realtor already did this for you but you did notice that the listing went on the market originally in 10/12/06 and sat on the market for 182 days before it expired. The listing agent is Christine Clark. Not to long ago I represented a buyer who purchased a home out there. He bought a higher end home not far from yours and I believe he is happy with the area. However he does not have children and does have a need for horse property. The listing agent is pretty good, like I said she has alot of listings out that way and is quite well known. The listing then expired and was relisted in April. It has been on the market another 43 days. The seller is offering 3% commission to your agent. I think you are getting a decent price but I feel you could drive a bit harder bargain given the time they have been on the market. Note, I have not been out there to compare other listings, so if this home is markedly better then everything you have seen in the price range then run with it. However just looking at the raw data without other knowledge I would twist their arm a little bit more….

SD Realtor

[CardiffBaseball]

I am always surprised by people who buy a home and start tearing things out. This is expensive. Do you have a way to build something like that into the purchase?

[CardiffBaseball]

I am always surprised by people who buy a home and start tearing things out. This is expensive. Do you have a way to build something like that into the purchase?

[Author]

Posts