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Critter
ParticipantIt was Joseph Kennedy who made the comment about how it’s time to get out of the stock market if your shoeshine boy starts giving stock tips.
ParticipantHere’s another Carmel Valley home, selling for a loss:
13506 Moonflower Meadows Trail
bought 10/05 for $848K
currently on market for $620K – $670KLooks like $228K plus sales costs – a potential $250K loss.
ParticipantSDR –
You really do have the technique of explaining what you mean in an easy-to-understand fashion – sometimes hard to do in these public forums. Thanks for all the input. I know what you mean, Hammer sounds like he is in for the long haul and this could be an excellent deal for him provided he does his homework.
ParticipantSD Realtor,
How often do you see these types of deals where people sell to friends or family “under the table” just so they don’t have to deal with open houses, agents, etc? Is it common or extremely rare?
I ask because in 2002 I found out that my recently-deceased neighbor’s house was up for sale on the QT. The guy who ran the estate sale for that home nabbed it for about 20% under market, offering cash. He had a home inspector come out and find a boatload of flaws which “justified” the low offer. The heirs just wanted to sell it quick – they could have gotten more if they held out or perhaps had a separate home inspector.
Thoughts – not just from SDR?
ParticipantLoB – You did it three times in five years, so you made three million in five years?
Where did you buy/sell your houses?
Participant“If you all were so in tune with the markets then wouldn’t you all be millionaires today with you abilities to predict market trends?”
Some of us did buy early on and have sold in the last two years, so I guess we did time the market. For what it’s worth, selling a single house even in an extremely overheated market will not make you a millionaire.
ParticipantSouth Park is comin’ along. It has a cool business district on Juniper east of 30th. Lots of nice homes along the Burlingame fringe – well-maintained, built in the 30s and 40s. Big, beautiful homes are on Capitan and Laurel – several on the national list of historic places.
ParticipantSDR, I think you mean pass muster? Or are you holding out on some Grey Poupon for us bubblesitters?
Gotta tell you I hold your posts in the highest regards – it is so refreshing to find a Realtor (TM) who tells it like it is!
ParticipantHammer,
Very good questions you have posed and I appreciate your courage in approaching this forum for the answers! One question for you – independently of this offer, would you have needed/wanted 3000 square feet for your family of four? In other words, would you have been looking for this size house if your friend had not approached you?
It might be a good deal for the price, but too much house in other respects. When you do your calculations, consider the cost of heating/cooling/furnishing a house of that size. I think some people are getting away from bigger homes and graviating towards smaller since they are easier and less expensive to manage.
I know a couple of people who live in 4000 – 5000 sq foot homes who regret having that much empty space – yours isn’t that big but I thought I would bring this up.
My personal experience was, I bought a house with a 10,000 square foot lot and had visions of water features, grottoes, tropical gardens, and whatnot dancing in my head. It only took a few months for me to curse the lawns and terraces and I eventually sold the house because the foliage was just too much to handle and maintenance was more than I had originally considered.
ParticipantNorth Park is being revitalized – lots of emphasis on the new Arts District on Ray Street. The community has made a valiant effort to be trendy but in my opinion it has a long way to go. It’s like downtown in some respects in that it has cool coffeehouses with the occasional vagrant brightening up the sidewalk.
ParticipantI think you mean NAR – and not the National Rifle Association.
I think Ted Nugent wants to have a word!
ParticipantLooks like we need two categories – Humor and Financial.
ParticipantI’m going to stick up for my favorite appraiser Bugs here – he always gives Piggingtonians the straight scoop. Unfortunately he has set the bar for everyone else and they come up lacking!
ParticipantWow – I’ve worked in sales in offices that would ring a frickin’ bell every time you completed a sale, but never in an office where thugs would whack your desk with a bat when you were honest.
Jeez!
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