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fsbo
ParticipantAs it’ll be a brand new one, does the price include any options & upgrades, or just barely nothing?
ParticipantAs it’ll be a brand new one, does the price include any options & upgrades, or just barely nothing?
ParticipantIt’s very possible to get deposit back, if your in-law got a good deal – deep discounts AND huge upgrades PLUS incentives. The better deal you got, the easier you could back it out, the sales agents can sell it to the other buyers. There are always some uninformed buyers around.
A friend of mine backed out a contract last year, the sales agent got mad at the very beginning, but later she sold the same house to another buyer with $30K more (with same upgrades and incentives), then she returned the deposit in full along with a good luck card…
ParticipantIt’s very possible to get deposit back, if your in-law got a good deal – deep discounts AND huge upgrades PLUS incentives. The better deal you got, the easier you could back it out, the sales agents can sell it to the other buyers. There are always some uninformed buyers around.
A friend of mine backed out a contract last year, the sales agent got mad at the very beginning, but later she sold the same house to another buyer with $30K more (with same upgrades and incentives), then she returned the deposit in full along with a good luck card…
Participantasianautica, how would the interest in the addition $400k mortgage @7% be about $1300/month after tax deduction?
Let’s take the tax deduction out of picture first, the interest alone will be over $2300/month (for $400k mortgage @ 7%).
To make your $1300/month after tax deduction, he would need to get tax deduction of $1000/month, it’d be a 43% tax bracket!!!
Giving he already has a loan which enjoys the tax deduction, the additional $400k mortgage will usually not fall into the highest tax bracket.Participantasianautica, how would the interest in the addition $400k mortgage @7% be about $1300/month after tax deduction?
Let’s take the tax deduction out of picture first, the interest alone will be over $2300/month (for $400k mortgage @ 7%).
To make your $1300/month after tax deduction, he would need to get tax deduction of $1000/month, it’d be a 43% tax bracket!!!
Giving he already has a loan which enjoys the tax deduction, the additional $400k mortgage will usually not fall into the highest tax bracket.Participantif 4S is close to work, go for it.
To answer your second question – there are plenty of empty lots in 4S for new houses, while there aren’t many left in CV…Participantif 4S is close to work, go for it.
To answer your second question – there are plenty of empty lots in 4S for new houses, while there aren’t many left in CV…April 25, 2007 at 11:23 PM in reply to: That crack some folks In Carmel Valley are smoking must be really good… #51164Participantthere is a new San Dieguito high school built just next to the airoso. however the community is not a really carmel vally, it’s pacific highlands ranch.
http://www.sandiego.gov/planning/community/profiles/maps/mappachigh.jpg
As a developing community, it can’t beat the prime CV anyway.Participantif it went down to 1/02 price, around $250 ppsf for condo, the housing bubble would have been crashed.
how much is the HOA per month (and what does it cover)?ParticipantDiego’s guess is right. As long as you open a new bank account, even if it’s CD deposit, they run a credit check, especially for the big bank, bank of america, citi bank…
ParticipantYou can practically touch your neighbours’ window, that is a huge disadvantage, even worse than the most of townhome or condo!
Agree with SD Realtor, most likely would be better to wait for another 6 months. The price has droped from the upper 700K when KingKong first posted last year to Arny’s high 600K, hasn’t it?March 12, 2007 at 9:23 PM in reply to: Interesting Price increase in Carmel Valley MLS – 071009616 #47503ParticipantNot sure it’s a common Spring “fever”, or the 2~5% /year inflation? One more case, MLS 066102761, its Original List Price (for the same plan) was $435,000, now 478,900. The builders might play some numbering games now, such as including ~20K incentives/upgrades, but the listing price in the CV area does increase a little. Those who have the access to the sales database can show us with more details.
ParticipantI am also thinking about representing myself when I buy my own home
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