What are sales like in your area?

[powayseller]

Yup, chasing down the price…Sellers have got to be realistic or they chase down the market.

[sdduuuude]

I went camping out near Campo this weekend.
Was surprised by all the for sale signs out there.
Lots of land for sale too – 120 acres, 30 acres, 18 acres, etc.

[farbet]

I agree with you.Thanks for the Info. Is all of RC in the San Marcos school district? The Mello roos and HOA fees are monstrous in San Elijio
The agents seem to play dumb on questions. The prices should be in the 550 -585 range as the newer subdivisions are lowering the prices.
What do you think??

[rankandfile]

Any data on how many of the sold units in San Elijo were done with ARMs, interest only, or negative amortization financing?

[farbet]

Any updates on prce erductions in Bressi Ranch and other developments in Carlsbad area?
Thanks for this forum. It really helps a newcomer to the area.

[farbet]

Any updates on price reductions ny builders in Bressi Ranch and other developments in Carlsbad area?
Thanks for this forum. It really helps a newcomer to the area.

[sdrealtor]

If the house is built and ready for occupancy within 30 to 45 days you can negotiate big time deals!

[RightSide]

So check this out!!!

This house I’ve been looking at in Cheesapeake Bay has actually GONE UP IN PRICE the last 30 days…it was orignally offered at 1,695,000 and is now asking 1,740,000! In looking over their latest price sheet, they have RAISED the prices on most of thier remaining houses.

They are definately on their way to being sold out so maybe they are trying to squeeze a little juice from the last ones left?

What do you negotiate on from a new builder? Price or concessions or both?

[sdrealtor]

It depends on the house. Most likely they may have gotten past a construction deadline whereby they had to make upgrade choices (i.e. flooring). The increase in pricing is likely the cost of the flooring they added. I heard a story about someone that walked into the Bay Collection and negotiated $120K off the asking price, $40K for a landscapin allowance and $15K credit if they use Standard Pacifics in house lender. The key is the house has to be ready for occupancy with 30 to 45 days. Builders do not want to hold onto standing inventory.

Negotiate every thing you can. Dont be afraid to walk out the door and leave your number.

[an]

Wow, that’s about 10% off the asking price. Do you think it would make sense for people who really want to buy right now to start their offer much lower and work their way up, like 15-20% below list price?

[Anonymous]

I’ve noticed a considerable increase in inventory in the past month; although, the sales side is still soft. However, we get a great influx of people from San Diego who move to Southern Riverside County because of the low-cost for new housing. Don’t get me wrong, I love San Diego and lived there for 10 years. But can you buy a new home over 2800 square feet for less that $460,000 in San Diego? You tell me.

Dennis Tormey is a licensed attorney and real estate broker serving the Menifee Real Estate and surrounding communites in Southern Riverside County.

[powayseller]

How many of the 44,000 people leaving San Diego last year ended up in Southern Riverside County? Probably quite a few…

Welcome to the forums, Dennis. How are sales going up there?

[sdrealtor]

No you cant…not even close. But soon you’ll be able to buy on in Menifee under $400,000.

[sdrealtor]

No you cant…not even close. But soon you’ll be able to buy one in Menifee under $400,000.

[sdrealtor]

No you cant…not even close. But soon you’ll be able to buy one in Menifee under $400,000.

[Author]

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