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  • June 4, 2010 at 2:15 PM in reply to: North County walk-to-surf properties will not go back to pre-bubble price #560867
    Mooki
    Participant

    Townhome and condo price are near bubble pricing also in the walk-to-surf areas. People are renting them out rather than selling them low (I mean lower than bubble price). I’m not sure if price will decline at all given the limited supply. It may just stay the same for the next 10 years.

    May 3, 2010 at 1:44 PM in reply to: Upper level townhome with commercial office unit on lower level #546139
    Mooki
    Participant

    Builder/Broker has been renting out all 4 units. Commercial space is currently law offices and both upper level residential units are renter occupied. The unit I’m looking at has the lease up and the tenant moved out and the builder/broker is selling it. When I asked last week they do not have a HOA yet since all units has been rental but they will come up with HOA arrangement for the sale.

    It is in a residential neighborhood and I don’t see any similar properties the bank can use for comp. Is it normally more challenging to get a mortgage for a residential unit with commercial units attached?

    May 3, 2010 at 1:44 PM in reply to: Upper level townhome with commercial office unit on lower level #546252
    Mooki
    Participant

    Builder/Broker has been renting out all 4 units. Commercial space is currently law offices and both upper level residential units are renter occupied. The unit I’m looking at has the lease up and the tenant moved out and the builder/broker is selling it. When I asked last week they do not have a HOA yet since all units has been rental but they will come up with HOA arrangement for the sale.

    It is in a residential neighborhood and I don’t see any similar properties the bank can use for comp. Is it normally more challenging to get a mortgage for a residential unit with commercial units attached?

    May 3, 2010 at 1:44 PM in reply to: Upper level townhome with commercial office unit on lower level #546732
    Mooki
    Participant

    Builder/Broker has been renting out all 4 units. Commercial space is currently law offices and both upper level residential units are renter occupied. The unit I’m looking at has the lease up and the tenant moved out and the builder/broker is selling it. When I asked last week they do not have a HOA yet since all units has been rental but they will come up with HOA arrangement for the sale.

    It is in a residential neighborhood and I don’t see any similar properties the bank can use for comp. Is it normally more challenging to get a mortgage for a residential unit with commercial units attached?

    May 3, 2010 at 1:44 PM in reply to: Upper level townhome with commercial office unit on lower level #546829
    Mooki
    Participant

    Builder/Broker has been renting out all 4 units. Commercial space is currently law offices and both upper level residential units are renter occupied. The unit I’m looking at has the lease up and the tenant moved out and the builder/broker is selling it. When I asked last week they do not have a HOA yet since all units has been rental but they will come up with HOA arrangement for the sale.

    It is in a residential neighborhood and I don’t see any similar properties the bank can use for comp. Is it normally more challenging to get a mortgage for a residential unit with commercial units attached?

    May 3, 2010 at 1:44 PM in reply to: Upper level townhome with commercial office unit on lower level #547101
    Mooki
    Participant

    Builder/Broker has been renting out all 4 units. Commercial space is currently law offices and both upper level residential units are renter occupied. The unit I’m looking at has the lease up and the tenant moved out and the builder/broker is selling it. When I asked last week they do not have a HOA yet since all units has been rental but they will come up with HOA arrangement for the sale.

    It is in a residential neighborhood and I don’t see any similar properties the bank can use for comp. Is it normally more challenging to get a mortgage for a residential unit with commercial units attached?

    May 3, 2010 at 12:35 PM in reply to: Upper level townhome with commercial office unit on lower level #546054
    Mooki
    Participant

    [quote=DataAgent]Since the property is not listed in the MLS who would pay your realtor?[/quote]

    That is my question also.

    May 3, 2010 at 12:35 PM in reply to: Upper level townhome with commercial office unit on lower level #546167
    Mooki
    Participant

    [quote=DataAgent]Since the property is not listed in the MLS who would pay your realtor?[/quote]

    That is my question also.

    May 3, 2010 at 12:35 PM in reply to: Upper level townhome with commercial office unit on lower level #546647
    Mooki
    Participant

    [quote=DataAgent]Since the property is not listed in the MLS who would pay your realtor?[/quote]

    That is my question also.

    May 3, 2010 at 12:35 PM in reply to: Upper level townhome with commercial office unit on lower level #546743
    Mooki
    Participant

    [quote=DataAgent]Since the property is not listed in the MLS who would pay your realtor?[/quote]

    That is my question also.

    May 3, 2010 at 12:35 PM in reply to: Upper level townhome with commercial office unit on lower level #547016
    Mooki
    Participant

    [quote=DataAgent]Since the property is not listed in the MLS who would pay your realtor?[/quote]

    That is my question also.

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