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February 23, 2008 at 11:01 AM in reply to: 2 questions, Are short sale prices just fantasy? and Where are the fence sitters? #158237February 23, 2008 at 11:01 AM in reply to: 2 questions, Are short sale prices just fantasy? and Where are the fence sitters? #158530BugsParticipant
The 70% figure I used includes pendings and closed sales, but doesn’t include the probate, divorce and relocation sellers who are also compelled to sell regardless of price.
Another thing to note is that not all of the REOs and short sales are being openly marketed as such in the MLS – the only way you’d find some of them is to check their current ownership, which is very time consuming.
That’s why I haven’t surveyed that many zips, just a couple that I knew would be likely candidates. Oceanside’s 92056 and 92057 zips were at the top of my list. Some of the S/E San Diego zips, like 92139 and the southern half of 92102 were also no-brainers. I’m sure there are more, like the east side of Chula Vista and parts of Escondido and El Cajon.
February 23, 2008 at 11:01 AM in reply to: 2 questions, Are short sale prices just fantasy? and Where are the fence sitters? #158539BugsParticipantThe 70% figure I used includes pendings and closed sales, but doesn’t include the probate, divorce and relocation sellers who are also compelled to sell regardless of price.
Another thing to note is that not all of the REOs and short sales are being openly marketed as such in the MLS – the only way you’d find some of them is to check their current ownership, which is very time consuming.
That’s why I haven’t surveyed that many zips, just a couple that I knew would be likely candidates. Oceanside’s 92056 and 92057 zips were at the top of my list. Some of the S/E San Diego zips, like 92139 and the southern half of 92102 were also no-brainers. I’m sure there are more, like the east side of Chula Vista and parts of Escondido and El Cajon.
February 23, 2008 at 11:01 AM in reply to: 2 questions, Are short sale prices just fantasy? and Where are the fence sitters? #158547BugsParticipantThe 70% figure I used includes pendings and closed sales, but doesn’t include the probate, divorce and relocation sellers who are also compelled to sell regardless of price.
Another thing to note is that not all of the REOs and short sales are being openly marketed as such in the MLS – the only way you’d find some of them is to check their current ownership, which is very time consuming.
That’s why I haven’t surveyed that many zips, just a couple that I knew would be likely candidates. Oceanside’s 92056 and 92057 zips were at the top of my list. Some of the S/E San Diego zips, like 92139 and the southern half of 92102 were also no-brainers. I’m sure there are more, like the east side of Chula Vista and parts of Escondido and El Cajon.
February 23, 2008 at 11:01 AM in reply to: 2 questions, Are short sale prices just fantasy? and Where are the fence sitters? #158620BugsParticipantThe 70% figure I used includes pendings and closed sales, but doesn’t include the probate, divorce and relocation sellers who are also compelled to sell regardless of price.
Another thing to note is that not all of the REOs and short sales are being openly marketed as such in the MLS – the only way you’d find some of them is to check their current ownership, which is very time consuming.
That’s why I haven’t surveyed that many zips, just a couple that I knew would be likely candidates. Oceanside’s 92056 and 92057 zips were at the top of my list. Some of the S/E San Diego zips, like 92139 and the southern half of 92102 were also no-brainers. I’m sure there are more, like the east side of Chula Vista and parts of Escondido and El Cajon.
February 23, 2008 at 10:51 AM in reply to: Are you looking to get in on the ground floor? Think again. #158232BugsParticipantOz, if this was your plan, the time to sell would have been in mid-2006 and you would have been sitting on the sidelines for however long it took for your target market to settle.
Remember what I said about the different markets moving at different paces. When it comes to the big pricing declines, most of the price segments in Carlsbad/Encinitas/Solana Bch will be among the last “joiners”, along with CV and Scripps. That means you’ll have have even more patience in those areas than in others.
It’ll be the least desirable areas and property types that will reach that re-entry point soonest. From there, everyone else will just have to wait.
February 23, 2008 at 10:51 AM in reply to: Are you looking to get in on the ground floor? Think again. #158525BugsParticipantOz, if this was your plan, the time to sell would have been in mid-2006 and you would have been sitting on the sidelines for however long it took for your target market to settle.
Remember what I said about the different markets moving at different paces. When it comes to the big pricing declines, most of the price segments in Carlsbad/Encinitas/Solana Bch will be among the last “joiners”, along with CV and Scripps. That means you’ll have have even more patience in those areas than in others.
It’ll be the least desirable areas and property types that will reach that re-entry point soonest. From there, everyone else will just have to wait.
February 23, 2008 at 10:51 AM in reply to: Are you looking to get in on the ground floor? Think again. #158534BugsParticipantOz, if this was your plan, the time to sell would have been in mid-2006 and you would have been sitting on the sidelines for however long it took for your target market to settle.
Remember what I said about the different markets moving at different paces. When it comes to the big pricing declines, most of the price segments in Carlsbad/Encinitas/Solana Bch will be among the last “joiners”, along with CV and Scripps. That means you’ll have have even more patience in those areas than in others.
It’ll be the least desirable areas and property types that will reach that re-entry point soonest. From there, everyone else will just have to wait.
February 23, 2008 at 10:51 AM in reply to: Are you looking to get in on the ground floor? Think again. #158542BugsParticipantOz, if this was your plan, the time to sell would have been in mid-2006 and you would have been sitting on the sidelines for however long it took for your target market to settle.
Remember what I said about the different markets moving at different paces. When it comes to the big pricing declines, most of the price segments in Carlsbad/Encinitas/Solana Bch will be among the last “joiners”, along with CV and Scripps. That means you’ll have have even more patience in those areas than in others.
It’ll be the least desirable areas and property types that will reach that re-entry point soonest. From there, everyone else will just have to wait.
February 23, 2008 at 10:51 AM in reply to: Are you looking to get in on the ground floor? Think again. #158615BugsParticipantOz, if this was your plan, the time to sell would have been in mid-2006 and you would have been sitting on the sidelines for however long it took for your target market to settle.
Remember what I said about the different markets moving at different paces. When it comes to the big pricing declines, most of the price segments in Carlsbad/Encinitas/Solana Bch will be among the last “joiners”, along with CV and Scripps. That means you’ll have have even more patience in those areas than in others.
It’ll be the least desirable areas and property types that will reach that re-entry point soonest. From there, everyone else will just have to wait.
BugsParticipantThe numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.
BugsParticipantThe numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.
BugsParticipantThe numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.
BugsParticipantThe numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.
BugsParticipantThe numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.
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