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(former)FormerSanDiegan
Participant[quote=Scarlett]How can I negotiate down my rent on my current lease? I rent a 3 bdr 1700 sf townhome in La Jolla Colony; my lease is up next month. I pay $2400/mo and I feel like I am overpaying for this particular house. The house is not in great shape – VERY drafty – it costs a lot to warm it up, doesn’t have AC (and needs it upstairs in summer); perennial bug infestations etc. I want to get it down to $2200 , which in 1 year is just the equivalent of 1 month free rent. We’ve been very good and responsible tenants. This property is rented out through an agent. Please, any input is appreciated! Thanks in advance![/quote]
Is the property owned by an individual and managed through a property manager, or is the unit corporate owned.
If it is privately owned, you stand a good chance of getting some concession simply by asking. But, you want to make sure that what you are asking for is not below market rent.
Participantcyphire – long time no post. Welcome back. I thought you were going to go to the Midwest or something after spending some time in a country estate in SD County somewhere ????
Anyway, I can’t help out with the state of things in Coronado, but welcome back and good luck.
Participantcyphire – long time no post. Welcome back. I thought you were going to go to the Midwest or something after spending some time in a country estate in SD County somewhere ????
Anyway, I can’t help out with the state of things in Coronado, but welcome back and good luck.
Participantcyphire – long time no post. Welcome back. I thought you were going to go to the Midwest or something after spending some time in a country estate in SD County somewhere ????
Anyway, I can’t help out with the state of things in Coronado, but welcome back and good luck.
Participantcyphire – long time no post. Welcome back. I thought you were going to go to the Midwest or something after spending some time in a country estate in SD County somewhere ????
Anyway, I can’t help out with the state of things in Coronado, but welcome back and good luck.
Participantcyphire – long time no post. Welcome back. I thought you were going to go to the Midwest or something after spending some time in a country estate in SD County somewhere ????
Anyway, I can’t help out with the state of things in Coronado, but welcome back and good luck.
ParticipantIm with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
ParticipantIm with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
ParticipantIm with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
ParticipantIm with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
ParticipantIm with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
Participant[quote=sdrealtor]The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.[/quote]
Good point. The date for the assessment is almost a year behind the current time frame, so a 5-10% discrepancy due to market increase is feasible. Also, throw in another 5% margin of error in assessing any property and you could easily get a 5-15% discrepancy between today’s selling price and someone’s re-assessed value.
Participant[quote=sdrealtor]The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.[/quote]
Good point. The date for the assessment is almost a year behind the current time frame, so a 5-10% discrepancy due to market increase is feasible. Also, throw in another 5% margin of error in assessing any property and you could easily get a 5-15% discrepancy between today’s selling price and someone’s re-assessed value.
Participant[quote=sdrealtor]The lowered assessments were based upon January 2009 comps which in many cases were as bad as they could be. I have a property listed that got reassessed for $120K but which has no problem attracting offers between 180 and 200K. It aint an exact science out there.[/quote]
Good point. The date for the assessment is almost a year behind the current time frame, so a 5-10% discrepancy due to market increase is feasible. Also, throw in another 5% margin of error in assessing any property and you could easily get a 5-15% discrepancy between today’s selling price and someone’s re-assessed value.
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