[lpjohnso]

Thanks so much for that link. I was not aware that was going to happen and it was very informative. The house is only $330,000, so it may not be affected, but everything affects everything eventually, doesn’t it? I’m absolutely going into the deal knowing that I will lose money, and that’s unnerving.

[lpjohnso]

I’m currently under contract on a house in San Marcos. It has been my dream to own again, but it is also my dream to find a great rental on the coast for close to the same price per month (I could never afford to BUY on the coast). I want to do what is best for my family (2 sons who are 1 and 4). What is the better decision financially? I am very, very conflicted…

[lpjohnso]

I’m currently under contract on a house in San Marcos. It has been my dream to own again, but it is also my dream to find a great rental on the coast for close to the same price per month (I could never afford to BUY on the coast). I want to do what is best for my family (2 sons who are 1 and 4). What is the better decision financially? I am very, very conflicted…

[lpjohnso]

I’m currently under contract on a house in San Marcos. It has been my dream to own again, but it is also my dream to find a great rental on the coast for close to the same price per month (I could never afford to BUY on the coast). I want to do what is best for my family (2 sons who are 1 and 4). What is the better decision financially? I am very, very conflicted…

[lpjohnso]

I’m currently under contract on a house in San Marcos. It has been my dream to own again, but it is also my dream to find a great rental on the coast for close to the same price per month (I could never afford to BUY on the coast). I want to do what is best for my family (2 sons who are 1 and 4). What is the better decision financially? I am very, very conflicted…

[lpjohnso]

I’m currently under contract on a house in San Marcos. It has been my dream to own again, but it is also my dream to find a great rental on the coast for close to the same price per month (I could never afford to BUY on the coast). I want to do what is best for my family (2 sons who are 1 and 4). What is the better decision financially? I am very, very conflicted…

[lpjohnso]

In 2008, San Marcos School District changed the school boundaries to relieve overcrowding in several schools including San Elijo Elementary. 200 children who lived in Old Creek Ranch and Mahogany that used to attend San Elijo Elementary had to be transferred to Carrillo Elementary which is farther away. There were blogs where OCR residents were very upset because they were still paying the same mello-roos and generally felt like the black sheep of San Elijo HIlls (even though they were never really officially part of SEH, just like Venzano). I could see how in a time of desperation from more overcrowding, Venzano would be the next to change to a different school, but I would think that in order to do so they would have to change the school boundaries again and that seems like it would be difficult due to Venzano’s location. I suppose you could call the school district to enquire about the “what if” scenarios.

Regarding large power lines, I used to want to avoid living close to them, but after more research I felt better about it. My husband who never believed that they would pose a health risk does believe that home prices should still be affected negatively due to the eyesore factor. Of course, it all depends on the buyer and if they care or not, but my husband and I would think that a 5% reduction on the house price would not be out of line if they were in your back yard, but less if 1500ft away.

I would highly recommend calling SDGE. They will come to the property and do a free EMF testing and they will give you a full report on all the different areas of the home inside and out. I was worried about high EMFs in a previous rental of mine and it came back fine. This could put yourself and/or your future buyers at ease.

[lpjohnso]

In 2008, San Marcos School District changed the school boundaries to relieve overcrowding in several schools including San Elijo Elementary. 200 children who lived in Old Creek Ranch and Mahogany that used to attend San Elijo Elementary had to be transferred to Carrillo Elementary which is farther away. There were blogs where OCR residents were very upset because they were still paying the same mello-roos and generally felt like the black sheep of San Elijo HIlls (even though they were never really officially part of SEH, just like Venzano). I could see how in a time of desperation from more overcrowding, Venzano would be the next to change to a different school, but I would think that in order to do so they would have to change the school boundaries again and that seems like it would be difficult due to Venzano’s location. I suppose you could call the school district to enquire about the “what if” scenarios.

Regarding large power lines, I used to want to avoid living close to them, but after more research I felt better about it. My husband who never believed that they would pose a health risk does believe that home prices should still be affected negatively due to the eyesore factor. Of course, it all depends on the buyer and if they care or not, but my husband and I would think that a 5% reduction on the house price would not be out of line if they were in your back yard, but less if 1500ft away.

I would highly recommend calling SDGE. They will come to the property and do a free EMF testing and they will give you a full report on all the different areas of the home inside and out. I was worried about high EMFs in a previous rental of mine and it came back fine. This could put yourself and/or your future buyers at ease.

[lpjohnso]

In 2008, San Marcos School District changed the school boundaries to relieve overcrowding in several schools including San Elijo Elementary. 200 children who lived in Old Creek Ranch and Mahogany that used to attend San Elijo Elementary had to be transferred to Carrillo Elementary which is farther away. There were blogs where OCR residents were very upset because they were still paying the same mello-roos and generally felt like the black sheep of San Elijo HIlls (even though they were never really officially part of SEH, just like Venzano). I could see how in a time of desperation from more overcrowding, Venzano would be the next to change to a different school, but I would think that in order to do so they would have to change the school boundaries again and that seems like it would be difficult due to Venzano’s location. I suppose you could call the school district to enquire about the “what if” scenarios.

Regarding large power lines, I used to want to avoid living close to them, but after more research I felt better about it. My husband who never believed that they would pose a health risk does believe that home prices should still be affected negatively due to the eyesore factor. Of course, it all depends on the buyer and if they care or not, but my husband and I would think that a 5% reduction on the house price would not be out of line if they were in your back yard, but less if 1500ft away.

I would highly recommend calling SDGE. They will come to the property and do a free EMF testing and they will give you a full report on all the different areas of the home inside and out. I was worried about high EMFs in a previous rental of mine and it came back fine. This could put yourself and/or your future buyers at ease.

[lpjohnso]

In 2008, San Marcos School District changed the school boundaries to relieve overcrowding in several schools including San Elijo Elementary. 200 children who lived in Old Creek Ranch and Mahogany that used to attend San Elijo Elementary had to be transferred to Carrillo Elementary which is farther away. There were blogs where OCR residents were very upset because they were still paying the same mello-roos and generally felt like the black sheep of San Elijo HIlls (even though they were never really officially part of SEH, just like Venzano). I could see how in a time of desperation from more overcrowding, Venzano would be the next to change to a different school, but I would think that in order to do so they would have to change the school boundaries again and that seems like it would be difficult due to Venzano’s location. I suppose you could call the school district to enquire about the “what if” scenarios.

Regarding large power lines, I used to want to avoid living close to them, but after more research I felt better about it. My husband who never believed that they would pose a health risk does believe that home prices should still be affected negatively due to the eyesore factor. Of course, it all depends on the buyer and if they care or not, but my husband and I would think that a 5% reduction on the house price would not be out of line if they were in your back yard, but less if 1500ft away.

I would highly recommend calling SDGE. They will come to the property and do a free EMF testing and they will give you a full report on all the different areas of the home inside and out. I was worried about high EMFs in a previous rental of mine and it came back fine. This could put yourself and/or your future buyers at ease.

[lpjohnso]

In 2008, San Marcos School District changed the school boundaries to relieve overcrowding in several schools including San Elijo Elementary. 200 children who lived in Old Creek Ranch and Mahogany that used to attend San Elijo Elementary had to be transferred to Carrillo Elementary which is farther away. There were blogs where OCR residents were very upset because they were still paying the same mello-roos and generally felt like the black sheep of San Elijo HIlls (even though they were never really officially part of SEH, just like Venzano). I could see how in a time of desperation from more overcrowding, Venzano would be the next to change to a different school, but I would think that in order to do so they would have to change the school boundaries again and that seems like it would be difficult due to Venzano’s location. I suppose you could call the school district to enquire about the “what if” scenarios.

Regarding large power lines, I used to want to avoid living close to them, but after more research I felt better about it. My husband who never believed that they would pose a health risk does believe that home prices should still be affected negatively due to the eyesore factor. Of course, it all depends on the buyer and if they care or not, but my husband and I would think that a 5% reduction on the house price would not be out of line if they were in your back yard, but less if 1500ft away.

I would highly recommend calling SDGE. They will come to the property and do a free EMF testing and they will give you a full report on all the different areas of the home inside and out. I was worried about high EMFs in a previous rental of mine and it came back fine. This could put yourself and/or your future buyers at ease.

[lpjohnso]

I am by no means an expert, but I have been following the San Elijo Hills market for the past 2 years in hopes to buy when the time is right. $500,000, even $525,000 for a 3200 sq ft in Venzano is a good deal. However, recent sales comps in Venzano around the same size could make someone like yourself a little worried; one sold for $505,000 3 months ago and another sold for $519,000 1 month ago. Take into account Realtytrac.com’s info and all signs point to holding out longer if you want the biggest bang for your buck.

Realtytrac currently shows 28 homes up for auction and an additional 7 in pre-forclosure up in the neighborhoods surrounding Venzano, and I count 12 more auctions and 8 more pre-forclosures in the neighborhoods at the bottom of San Elijo (this is not counting the condos, Old Creek Ranch, or Mahogany). However, I only saw 1 auction in Venzano (probably yours) and no pre-forclosures pending. That may say something about Venzano’s ability to maintain a higher price than the other neighborhoods. With that said, I still think that another 10% decrease in San Elijo Hills in the next couple years is not unreasonable. There is just way too much distressed inventory (seen and unseen) and not enough buyers.

However, I agree with the other person who commented that if you love the home, it is affordable to you, and you plan on living there for a long time then you should buy it. But, if you want to squeeze as much money out of it as you can, then I would advise you to wait at least another year while the plethora of distressed inventory sell and in turn brings the prices down even lower. I’m counting on jumping in early Spring 2012.

There are no easy answers, but I wish you the best of luck. Please keep us posted as to what you decided to do.

[lpjohnso]

I am by no means an expert, but I have been following the San Elijo Hills market for the past 2 years in hopes to buy when the time is right. $500,000, even $525,000 for a 3200 sq ft in Venzano is a good deal. However, recent sales comps in Venzano around the same size could make someone like yourself a little worried; one sold for $505,000 3 months ago and another sold for $519,000 1 month ago. Take into account Realtytrac.com’s info and all signs point to holding out longer if you want the biggest bang for your buck.

Realtytrac currently shows 28 homes up for auction and an additional 7 in pre-forclosure up in the neighborhoods surrounding Venzano, and I count 12 more auctions and 8 more pre-forclosures in the neighborhoods at the bottom of San Elijo (this is not counting the condos, Old Creek Ranch, or Mahogany). However, I only saw 1 auction in Venzano (probably yours) and no pre-forclosures pending. That may say something about Venzano’s ability to maintain a higher price than the other neighborhoods. With that said, I still think that another 10% decrease in San Elijo Hills in the next couple years is not unreasonable. There is just way too much distressed inventory (seen and unseen) and not enough buyers.

However, I agree with the other person who commented that if you love the home, it is affordable to you, and you plan on living there for a long time then you should buy it. But, if you want to squeeze as much money out of it as you can, then I would advise you to wait at least another year while the plethora of distressed inventory sell and in turn brings the prices down even lower. I’m counting on jumping in early Spring 2012.

There are no easy answers, but I wish you the best of luck. Please keep us posted as to what you decided to do.

[lpjohnso]

I am by no means an expert, but I have been following the San Elijo Hills market for the past 2 years in hopes to buy when the time is right. $500,000, even $525,000 for a 3200 sq ft in Venzano is a good deal. However, recent sales comps in Venzano around the same size could make someone like yourself a little worried; one sold for $505,000 3 months ago and another sold for $519,000 1 month ago. Take into account Realtytrac.com’s info and all signs point to holding out longer if you want the biggest bang for your buck.

Realtytrac currently shows 28 homes up for auction and an additional 7 in pre-forclosure up in the neighborhoods surrounding Venzano, and I count 12 more auctions and 8 more pre-forclosures in the neighborhoods at the bottom of San Elijo (this is not counting the condos, Old Creek Ranch, or Mahogany). However, I only saw 1 auction in Venzano (probably yours) and no pre-forclosures pending. That may say something about Venzano’s ability to maintain a higher price than the other neighborhoods. With that said, I still think that another 10% decrease in San Elijo Hills in the next couple years is not unreasonable. There is just way too much distressed inventory (seen and unseen) and not enough buyers.

However, I agree with the other person who commented that if you love the home, it is affordable to you, and you plan on living there for a long time then you should buy it. But, if you want to squeeze as much money out of it as you can, then I would advise you to wait at least another year while the plethora of distressed inventory sell and in turn brings the prices down even lower. I’m counting on jumping in early Spring 2012.

There are no easy answers, but I wish you the best of luck. Please keep us posted as to what you decided to do.

[lpjohnso]

I am by no means an expert, but I have been following the San Elijo Hills market for the past 2 years in hopes to buy when the time is right. $500,000, even $525,000 for a 3200 sq ft in Venzano is a good deal. However, recent sales comps in Venzano around the same size could make someone like yourself a little worried; one sold for $505,000 3 months ago and another sold for $519,000 1 month ago. Take into account Realtytrac.com’s info and all signs point to holding out longer if you want the biggest bang for your buck.

Realtytrac currently shows 28 homes up for auction and an additional 7 in pre-forclosure up in the neighborhoods surrounding Venzano, and I count 12 more auctions and 8 more pre-forclosures in the neighborhoods at the bottom of San Elijo (this is not counting the condos, Old Creek Ranch, or Mahogany). However, I only saw 1 auction in Venzano (probably yours) and no pre-forclosures pending. That may say something about Venzano’s ability to maintain a higher price than the other neighborhoods. With that said, I still think that another 10% decrease in San Elijo Hills in the next couple years is not unreasonable. There is just way too much distressed inventory (seen and unseen) and not enough buyers.

However, I agree with the other person who commented that if you love the home, it is affordable to you, and you plan on living there for a long time then you should buy it. But, if you want to squeeze as much money out of it as you can, then I would advise you to wait at least another year while the plethora of distressed inventory sell and in turn brings the prices down even lower. I’m counting on jumping in early Spring 2012.

There are no easy answers, but I wish you the best of luck. Please keep us posted as to what you decided to do.

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