Home › Forums › Closed Forums › Properties or Areas › what next for LCV and LCG?
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sdrealtor.
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September 1, 2009 at 8:33 AM #16281September 1, 2009 at 9:16 AM #451413
sdrealtor
ParticipantCant beleive Serbal finally closed. That one took a couple years.
Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.
Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.
Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.
September 1, 2009 at 9:16 AM #451607ParticipantCant beleive Serbal finally closed. That one took a couple years.
Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.
Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.
Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.
September 1, 2009 at 9:16 AM #451949ParticipantCant beleive Serbal finally closed. That one took a couple years.
Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.
Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.
Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.
September 1, 2009 at 9:16 AM #452021ParticipantCant beleive Serbal finally closed. That one took a couple years.
Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.
Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.
Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.
September 1, 2009 at 9:16 AM #452211ParticipantCant beleive Serbal finally closed. That one took a couple years.
Morera did get done quickly because of the bank involved. I’ve done a couple with that bank and it was probably a portfolio loan.
Dont want to say no mid 800’s on LCG house because 850K is the magic number these days. Anything over that is pretty tough unless its a screaming deal. It does say the short sale is approved so it could probably go at or about the current asking price. With that said, dont know that the bank would take mid 800’s instead of taking it back as an REO.
Saw one in Encinitas listed at $1.2M on Ocean Bluff. I asked how many offers and the agent said he stopped counting but it was over 10.
September 2, 2009 at 4:15 AM #451747pemeliza
Participant“because 850K is the magic number these days”
It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.
The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.
September 2, 2009 at 4:15 AM #451942Participant“because 850K is the magic number these days”
It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.
The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.
September 2, 2009 at 4:15 AM #452282Participant“because 850K is the magic number these days”
It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.
The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.
September 2, 2009 at 4:15 AM #452355Participant“because 850K is the magic number these days”
It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.
The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.
September 2, 2009 at 4:15 AM #452545Participant“because 850K is the magic number these days”
It seems that the buyer’s for these types of properties are in the mid to low 8’s and the seller’s are at the mid to low 9’s (or higher). There seem to be just enough distressed properties trickling on the market in the mid 8’s to keep the buyer’s from moving up in price (if they could). The buyer pool is increasing at these price points which is evident when you look at how fast well priced REO’s and short sales go pending. This is a big change from last year. Something has to give.
The house on Ocean Bluff sold for 2.3M new so I’m not surprised at the interest.
September 2, 2009 at 8:13 AM #451798ParticipantAgree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.
September 2, 2009 at 8:13 AM #451992ParticipantAgree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.
September 2, 2009 at 8:13 AM #452332ParticipantAgree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.
September 2, 2009 at 8:13 AM #452406ParticipantAgree on all points except one. I’m surprised at how many buyers there were for a $1.2M house.
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