Three points-
pseller: You are definitely correct about advertising the house as Poway (although you obviously know that!). There is a large neighborhood in Solana Beach (behind the country club off Sun Valley) that has the Del Mar zip code, but the kids go to Solana Beach schools. One would never advertise those homes as “Del Mar”.
Also, please, everyone stop picking on powayseller. Her brainy posts (and rich’s) are what keep me coming here. Ditto for sdrealtor, except his spelling/word usage! Ouch. “piers” for “peers”?
Finally, the spelling in “anonymous”. Oh no – I’ve turned into my mother….
I’d look this place up at zillow and decide whther these owners were in too deep (ie – purchased the place too hight/recently). They’ll never come down to reality – so why bother….
This place was purchased not long ago for $700k or so. The 10yr trend suggests the house is worth more like 5-600k (if that). May take years for prices to get down that far – but should happen.
However, if the owners were long-time owners (or even having owned 4+ years, I’d make a LOOOOOOW-ball offer and see what happens. They’ve got equity and if they actually NEED to sell, a good deal could happen
Really – who would buy a house like this besides a family in the thick of child-rearing? Money is tight, and average incomes are not high in San Diego. Even with a couple hundredK down, the mortgage is a lot for a family making the average wages. Also, it isnt like paychecks have been going UP recently!
