Forum Replies Created
-
AuthorPosts
-
an
ParticipantBased on ZipRealty, it shows the property was on the market for 36 days before it was taken off. I agree that even @ $520k, it’s definitely not a deal, considering the 56 & offramp neighbor. I also am not sure if the bidder of $520k actually pass financing. According to the last auction, a few went back on the auction block after the bidder failed to secure financing. Too bad these auction house does not affect comps. But just the attendance alone shows a change in sentiment I think.
ParticipantI swing by for a few minutes to get an idea of the turn out. It seems to be about 1/2 – 2/3 of the size compare to last auction. Also, the final price seems to be lower than last time as well. I only saw the auction of 13078 TEXANA ST., SD – Rancho Penasquitos, CA 92129. The final sold price was $520k. The starting bid was around $350k. Similar properties last time sold for high $500k, so there’s a definitely difference.
ParticipantI swing by for a few minutes to get an idea of the turn out. It seems to be about 1/2 – 2/3 of the size compare to last auction. Also, the final price seems to be lower than last time as well. I only saw the auction of 13078 TEXANA ST., SD – Rancho Penasquitos, CA 92129. The final sold price was $520k. The starting bid was around $350k. Similar properties last time sold for high $500k, so there’s a definitely difference.
ParticipantI swing by for a few minutes to get an idea of the turn out. It seems to be about 1/2 – 2/3 of the size compare to last auction. Also, the final price seems to be lower than last time as well. I only saw the auction of 13078 TEXANA ST., SD – Rancho Penasquitos, CA 92129. The final sold price was $520k. The starting bid was around $350k. Similar properties last time sold for high $500k, so there’s a definitely difference.
ParticipantArty, to answer your question, YES there is free foods :-D. You get a $10 voucher to buy what ever you want at the concession stand.
ParticipantArty, to answer your question, YES there is free foods :-D. You get a $10 voucher to buy what ever you want at the concession stand.
ParticipantArty, to answer your question, YES there is free foods :-D. You get a $10 voucher to buy what ever you want at the concession stand.
ParticipantWhen I say builders being ahead of the curve, i mean that then tend to price the houses at market prices and not at wishful prices. So comparing new homes vs old homes in the same area right now, it makes more financial sense to buy the new one. The builders are not in the business of holding onto the house so they’ll price it as such so that it’ll move quickly. At least that’s my perception.
ParticipantWhen I say builders being ahead of the curve, i mean that then tend to price the houses at market prices and not at wishful prices. So comparing new homes vs old homes in the same area right now, it makes more financial sense to buy the new one. The builders are not in the business of holding onto the house so they’ll price it as such so that it’ll move quickly. At least that’s my perception.
ParticipantWhen I say builders being ahead of the curve, i mean that then tend to price the houses at market prices and not at wishful prices. So comparing new homes vs old homes in the same area right now, it makes more financial sense to buy the new one. The builders are not in the business of holding onto the house so they’ll price it as such so that it’ll move quickly. At least that’s my perception.
ParticipantThey do have reserve, but you don’t know what it is. Based on the research I did on the last time I went to the auction, they do have someone working for the bank there bidding against you up to the reserve. So not only do you not know what the reserve is, but you also don’t know if the person you’re bidding against is really another buyer or the lender themselves.
ParticipantThey do have reserve, but you don’t know what it is. Based on the research I did on the last time I went to the auction, they do have someone working for the bank there bidding against you up to the reserve. So not only do you not know what the reserve is, but you also don’t know if the person you’re bidding against is really another buyer or the lender themselves.
ParticipantThey do have reserve, but you don’t know what it is. Based on the research I did on the last time I went to the auction, they do have someone working for the bank there bidding against you up to the reserve. So not only do you not know what the reserve is, but you also don’t know if the person you’re bidding against is really another buyer or the lender themselves.
ParticipantIt looked very familiar because I was going to bid on it the last time around but my max bid was no where near what this broker bid for. I agree that with the current financing climate, it would be very interesting to see how things turn out in the the next month or two. I know that not all 92128 are created equal but there is one in 92128 that’s around the same size house and lot listing for mid 500s and it hasn’t been sold. We’ll just have to wait and see. My guess is high 500s now since 92129 houses with that size and lot and age goes for around that price now.
-
AuthorPosts
