[Oxford]

Good news. Now maybe I will get an offer. Just lowered the price on my LCV home to $914,500. Com’on FED, loosen up that cash so I can move on with my life.

It’s weird on my side of the yard sign. 🙁

OX

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

[quote=SD Realtor]Ox if you look at LCV there are plenty of 900 ish homes there. For instance on Camino Serbal alone there are several listings at 900 ish and the recent CLOSED sale on that street is 850k…

Let me ask you this. Did your agent show you CLOSED SALES to price your home or did they show you ACTIVE LISTINGS. If you carefully review the data it is always best to price your home based on CLOSED SALES, (homes that have actually sold) rather then based on “what everyone else is asking”.

Also if the CLOSED SALES you used are 6 months or a year old then you should depreciate them to accomodate for the market conditions. Another thing you can do as a homeowner is to pay a few hundred bucks for an appraisal.
[/quote]

Just spoke with my agent. He feels it is best to GET OUT of the market soon and recommends joining the $889 ranks. He says, things will not get any better for me by waiting as all of the momentum for sellers is down.

Most of those Serbal homes are REOs but are affecting the market as are newer homes in La Costa Oaks. The high end activity ceiling in the area seems to be at $899. Could be $875 in 60 days. Who knows…but I see no reason it would go up or remain steady.

So that is what I am thinking about doing and hoping to make it up when I buy. Geez. So many fast changing factors buying and selling. It’s all about having perfect timing, the correct information for the moment, and guessing well about the future.

ox

Note to the advise about not selling: I have to sell due to divorce.
Note re OX building house: No way after reading the great advice on this forum 😉

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

My $929k, LCV home has been on the market for three weeks with lots of traffic and no offers. It is staged and presents very well.

So is this buying “shark-feed” passing me by?

The $825 to $899 is moving but only recently with little or no sales in this area in the past 60 days. 2/3rds of the area is bank owned or foreclosures.

My agent suggests to not chase the market…yet.

I sense the slurpee sucking sharks are circling and waiting for some bigger fish to show weakness.

OX

[Oxford]

Carli, Thank you so very much for your in depth response. THAT is just what I wanted to hear — the hard facts and reality. I might have discovered that after a few weeks and 50 phone calls — but you spelled it out. And it is kinda like I expected.

I’ve got too much happening in my life for such a project. No thanks.

And thanks to everyone else who has contributed their thoughts to this thread. You folks are amazing.

OX

[Oxford]

Carli, Thank you so very much for your in depth response. THAT is just what I wanted to hear — the hard facts and reality. I might have discovered that after a few weeks and 50 phone calls — but you spelled it out. And it is kinda like I expected.

I’ve got too much happening in my life for such a project. No thanks.

And thanks to everyone else who has contributed their thoughts to this thread. You folks are amazing.

OX

[Oxford]

Carli, Thank you so very much for your in depth response. THAT is just what I wanted to hear — the hard facts and reality. I might have discovered that after a few weeks and 50 phone calls — but you spelled it out. And it is kinda like I expected.

I’ve got too much happening in my life for such a project. No thanks.

And thanks to everyone else who has contributed their thoughts to this thread. You folks are amazing.

OX

[Oxford]

Carli, Thank you so very much for your in depth response. THAT is just what I wanted to hear — the hard facts and reality. I might have discovered that after a few weeks and 50 phone calls — but you spelled it out. And it is kinda like I expected.

I’ve got too much happening in my life for such a project. No thanks.

And thanks to everyone else who has contributed their thoughts to this thread. You folks are amazing.

OX

[Author]

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