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July 18, 2007 at 10:16 PM in reply to: Is the liquidity tide finally rushing out of Wall Street? #66409July 18, 2007 at 10:16 PM in reply to: Is the liquidity tide finally rushing out of Wall Street? #66474
jan777
Participantoops sorry folks the web address is
ParticipantWhy doesn’t he refinance with another company? He could take the $90,000 and put that toward the new loan and then ride out the market. He then takes responsibility and saves his credit.
ParticipantWhy doesn’t he refinance with another company? He could take the $90,000 and put that toward the new loan and then ride out the market. He then takes responsibility and saves his credit.
ParticipantI suspect that Corona is not far behind the Temecula area for bank owned homes. The brown lawn syndrome is popping up all over Corona. I have spoken to a couple realtors and the homes are just not selling especially the bank owned homes. I have been seeing more homes that are dropping their prices to pre-2006 levels.
Stay tuned . . .
ParticipantI suspect that Corona is not far behind the Temecula area for bank owned homes. The brown lawn syndrome is popping up all over Corona. I have spoken to a couple realtors and the homes are just not selling especially the bank owned homes. I have been seeing more homes that are dropping their prices to pre-2006 levels.
Stay tuned . . .
ParticipantSD Realtor,
If there is an interest, I can do some tracking in the Riverside/Corona area.
Let me know.
ParticipantSD Realtor,
If there is an interest, I can do some tracking in the Riverside/Corona area.
Let me know.
Participantwhy would a buyer have to ask their realtor to show them new development homes? Shouldn’t this be a standard question the realtor would ask their client? Seems like a know brainer question to me.
Participantwhy would a buyer have to ask their realtor to show them new development homes? Shouldn’t this be a standard question the realtor would ask their client? Seems like a know brainer question to me.
ParticipantNot sure what you mean by hypocritical but the development we bought in only had 30 homes for sale and they have only 5-6 left to sell. They have sold about 20+ homes since January. These homes were originally preselling at the end of 2005 and they were starting in the high 600’s with no upgrades. Since we bought in April some of the homes have actually gone up in price. When I said our monthly payment was only increasing by $50.00 a month that was including taxes and homeowners insurance. The house we sold had mello roos taxes and the new house doesn’t have any. That offset the increase in taxes based on sales price.
ParticipantNot sure what you mean by hypocritical but the development we bought in only had 30 homes for sale and they have only 5-6 left to sell. They have sold about 20+ homes since January. These homes were originally preselling at the end of 2005 and they were starting in the high 600’s with no upgrades. Since we bought in April some of the homes have actually gone up in price. When I said our monthly payment was only increasing by $50.00 a month that was including taxes and homeowners insurance. The house we sold had mello roos taxes and the new house doesn’t have any. That offset the increase in taxes based on sales price.
ParticipantOur new house was less expensive than the bank owned homes we were looking at. Plus the builder is paying all of our closing costs. With that said, we sold our 1724 square foot house bought a 3700 square ft house and our monthly payment went up by $50.00. Originally our new house was selling for mid 700,000 about a year ago but kb ran into major permit issues and so the buyers cancelled. Not sure when or how much our new home will appreciate but we are getting a really nice house at a price we can afford.
ParticipantOur new house was less expensive than the bank owned homes we were looking at. Plus the builder is paying all of our closing costs. With that said, we sold our 1724 square foot house bought a 3700 square ft house and our monthly payment went up by $50.00. Originally our new house was selling for mid 700,000 about a year ago but kb ran into major permit issues and so the buyers cancelled. Not sure when or how much our new home will appreciate but we are getting a really nice house at a price we can afford.
ParticipantI agree about sellers not being insulted. We just recently sold our house and after lowering our price by $20,000 we had an offer that was $15,000 below our newly lowered price. We told our realtor that we could not accept the offer so the buyers countered again and our realtor ended up paying the closing costs. It was a win/win for all of us. We weren’t insulted with the original offer we just knew it was time for our realtor to work for her commission and make the deal happen and be within our price range.
On another note – We have bid on bank owned homes and apparently the rule with banks is if you bid within $30,000 of the current asking price then they will respond with a counteroffer and most will pick up some if not all closing costs. Any offer that is $30,000 or more lower than the current asking price the banks generally will not respond (at least not now).
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