[fromnj]

Dear 4spotentialbuyer

We are also looking carefully 4S Ranch and Del Sur. My wife has the same opinion of yours about the floor plan. I like the Del Sur’s community plan much better, but it comes with the cost since their Melo Roos is ridiculously high. It reminds me that I am living in California, not in New Jersey.

We also like the old 4S Ranch, south of Camino De Norte better than new area. But those two or three years old houses in old 4S Ranch are much more expensive. Personally, I thought those sellers are crazy, but they might be a smart investor.

We went back to get more info about the community plan in Del Sur lately, and I got feeling that they may make some announcement about next phase sometime soon. A lady in the ranch told us that they have been negotiating the plan with developers and may start selling the units for next community development phase (second phase out of 4) in 2008/2009. Thinking about the current real estate market, developers may start increasing the number of more affordable housing units than now. Affordable may mean smaller unit, though.

The one thing I did not like about new 4S ranch area is that there is no community pool and only one small park for toddlers. There are a few small baseball park, but nothing intriguing, even the view is not great comparing to the south or old 4S Ranch area.

I am also hoping that pienza is going to lower the price down further, but I think it may/will not happen since they are selling houses at the current price and they will sell out their lots not so far in the future.

If you can wait, you may want to check the next community development plan for both 4S Ranch and Del Sur. 4S Ranch has the last development phase left and they currently have no plan at all. We visited their community center at 4S Ranch late June, and a lady told us so. However, sine they are close to complete the current phase (except maybeck), there might be some announcement within one or two years.

If you wait, the problem might be that you may not see units like evergreen or pienza in the last phase at 4S Ranch.

[fromnj]

Dear 4spotentialbuyer

We are also looking carefully 4S Ranch and Del Sur. My wife has the same opinion of yours about the floor plan. I like the Del Sur’s community plan much better, but it comes with the cost since their Melo Roos is ridiculously high. It reminds me that I am living in California, not in New Jersey.

We also like the old 4S Ranch, south of Camino De Norte better than new area. But those two or three years old houses in old 4S Ranch are much more expensive. Personally, I thought those sellers are crazy, but they might be a smart investor.

We went back to get more info about the community plan in Del Sur lately, and I got feeling that they may make some announcement about next phase sometime soon. A lady in the ranch told us that they have been negotiating the plan with developers and may start selling the units for next community development phase (second phase out of 4) in 2008/2009. Thinking about the current real estate market, developers may start increasing the number of more affordable housing units than now. Affordable may mean smaller unit, though.

The one thing I did not like about new 4S ranch area is that there is no community pool and only one small park for toddlers. There are a few small baseball park, but nothing intriguing, even the view is not great comparing to the south or old 4S Ranch area.

I am also hoping that pienza is going to lower the price down further, but I think it may/will not happen since they are selling houses at the current price and they will sell out their lots not so far in the future.

If you can wait, you may want to check the next community development plan for both 4S Ranch and Del Sur. 4S Ranch has the last development phase left and they currently have no plan at all. We visited their community center at 4S Ranch late June, and a lady told us so. However, sine they are close to complete the current phase (except maybeck), there might be some announcement within one or two years.

If you wait, the problem might be that you may not see units like evergreen or pienza in the last phase at 4S Ranch.

[fromnj]

Traffic has been increased a little, but not much. I was wondering why so. Since it has only one lane on each side, it is unusual to see heavy traffic. I guess people rather prefer to drive free way in CA. They have opened Camino Del Sur to Camino Del Norte this spring. And then they just opened Carmel Valley Rd toward 4S ranch over Black Mountain early this month.
Del Sur is slow growing, but selling in a steady pace. I hope the price will go down much faster pace, but it is not happening fast enough.

I jog a lot along Camino Del Sur, but do not remember much trash along the street. I agree the scenery looked dull due to its color, but I do not know what it is causing the problem.
I also jog along Carmel Valley Rd towards Fairbanks Ranch and Torrey Del Mar, but do not notice much difference. Maybe I am too tired of paying attention while jogging since all houses for sale are worth more than few millions.

[fromnj]

Traffic has been increased a little, but not much. I was wondering why so. Since it has only one lane on each side, it is unusual to see heavy traffic. I guess people rather prefer to drive free way in CA. They have opened Camino Del Sur to Camino Del Norte this spring. And then they just opened Carmel Valley Rd toward 4S ranch over Black Mountain early this month.
Del Sur is slow growing, but selling in a steady pace. I hope the price will go down much faster pace, but it is not happening fast enough.

I jog a lot along Camino Del Sur, but do not remember much trash along the street. I agree the scenery looked dull due to its color, but I do not know what it is causing the problem.
I also jog along Carmel Valley Rd towards Fairbanks Ranch and Torrey Del Mar, but do not notice much difference. Maybe I am too tired of paying attention while jogging since all houses for sale are worth more than few millions.

[fromnj]

What is FMV in the following case?

A lot of homes released by a developer that sold from 500K to 600K in 92129 and 92127 zip code in around 2002 and 2003 are now on market for sale. Currently, sellers are asking between low 800K to 1M.

Could you advise me what could be a FMV for those. I just want to know a ball park figure.

In 4 to 5 years later, they gained 300K to 400K on paper, but is it truly so? If I offer mid 600K to low 700K to a seller, am I simply stupid? If I go 4S Ranch or even Del Sur, I could buy a nice band new home from high 600K to mid 700K.

I really do not understand why so many million dollar houses (based on their asking price) are around my neighbor, but they do not look like worth even 600K at all.

[fromnj]

What is FMV in the following case?

A lot of homes released by a developer that sold from 500K to 600K in 92129 and 92127 zip code in around 2002 and 2003 are now on market for sale. Currently, sellers are asking between low 800K to 1M.

Could you advise me what could be a FMV for those. I just want to know a ball park figure.

In 4 to 5 years later, they gained 300K to 400K on paper, but is it truly so? If I offer mid 600K to low 700K to a seller, am I simply stupid? If I go 4S Ranch or even Del Sur, I could buy a nice band new home from high 600K to mid 700K.

I really do not understand why so many million dollar houses (based on their asking price) are around my neighbor, but they do not look like worth even 600K at all.

[fromnj]

Thanks rb_engineer.

So, do you know by chance how the largest incentives/reductions to the new home affected on the prices on existing homes in 2006? Is it positively correlated?
I am talking about the RB market, but it might be applied to all regions.

[fromnj]

Thanks rb_engineer.

So, do you know by chance how the largest incentives/reductions to the new home affected on the prices on existing homes in 2006? Is it positively correlated?
I am talking about the RB market, but it might be applied to all regions.

[fromnj]

I hope you are right.

By the way, does labor day speical continue to the end of year? In general, are they going to add different incentives towards the end of year?

[fromnj]

I hope you are right.

By the way, does labor day speical continue to the end of year? In general, are they going to add different incentives towards the end of year?

[fromnj]

I decided to seek help from Adam. We (actually my wife cannot wait) simply cannot wait for two or more years to see the bottom, but would like to have a nice place to live within next 6 months to a year since we still have 30+ years to retire anyway.

We are still a flaky buyer, but Adam undstood our situation. I feel that we are too new to live wisely in crazily expensive San Diego. However, I do not know how long it takes to establish network to live with comfort.

[fromnj]

I decided to seek help from Adam. We (actually my wife cannot wait) simply cannot wait for two or more years to see the bottom, but would like to have a nice place to live within next 6 months to a year since we still have 30+ years to retire anyway.

We are still a flaky buyer, but Adam undstood our situation. I feel that we are too new to live wisely in crazily expensive San Diego. However, I do not know how long it takes to establish network to live with comfort.

[fromnj]

A new house I mentioned above is a house built and sold by a developer as a brand new home.

[fromnj]

A new house I mentioned above is a house built and sold by a developer as a brand new home.

[fromnj]

Hi SD Realtor

Regarding my father-in-law, I am also having difficulty to understand him. But there is a reason behind this. He works with the commercial realestate property mainly like a factory, office building for his daily job. He sells/buys big ones and maintains properties he deals with. In addition, he is also a licensed realtor/broker for residentials, but never practiced before [he has a license, but no experience for residential property] He simply does not want to be involved in a complicated transaction.

Regarding the realtor I talked to. I told the lady that I would like her to represent us only for the houses I find on the resale market incuding the ones I already found. She basically said, it is waste of her time if I decide to choose to buy a new house and use my in-law as my broker. Then, she told me that she only works for me only if I exclusively choose her as my realtor. Honestly, I understand what she is saying and agree that it was not fair to her.

The problem is that I need to include my in-law if we decide to purchase a new home because it is simple fact that he can give us back his broker commission. 3% commission excluding tax etc is very big for us.

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