[pemeliza]

“I have a client in escrow on a PQ REO property. It was already listed below the comps, we lowballed, negotiated hard to get it even lower and got credits. You speak authoratively about things you have no clue about which is what makes you so dangerous to the posters around here. ”

Kind of speaks to the current state of the market. There was a time when virtually every REO listed under market got bid up. Now they tend to linger.

[pemeliza]

“I have a client in escrow on a PQ REO property. It was already listed below the comps, we lowballed, negotiated hard to get it even lower and got credits. You speak authoratively about things you have no clue about which is what makes you so dangerous to the posters around here. ”

Kind of speaks to the current state of the market. There was a time when virtually every REO listed under market got bid up. Now they tend to linger.

[pemeliza]

“I have a client in escrow on a PQ REO property. It was already listed below the comps, we lowballed, negotiated hard to get it even lower and got credits. You speak authoratively about things you have no clue about which is what makes you so dangerous to the posters around here. ”

Kind of speaks to the current state of the market. There was a time when virtually every REO listed under market got bid up. Now they tend to linger.

[pemeliza]

The one on Ramsay has potential and is the lowest priced home in UC. Here is another on the same street that is smaller and it went for 336k in 2001.

http://www.sdlookup.com/Property-E51BDEFD-4744_Ramsay_Ave_San_Diego_CA_92122

BG, I think that house Scarlett looked at would be an amazing deal in the mid 300s. I think it will take mid 400s to buy it.

AN, isn’t that place in MM a little close to MM blvd?

And BG you make an excellent point about the tax savings of acquiring a major fixer like that. I would much rather pay 350k to buy a fixer than 500k to buy something in move in condition but that is just me. Most buyers these days don’t want the hassle and/or don’t have the time.

[pemeliza]

The one on Ramsay has potential and is the lowest priced home in UC. Here is another on the same street that is smaller and it went for 336k in 2001.

http://www.sdlookup.com/Property-E51BDEFD-4744_Ramsay_Ave_San_Diego_CA_92122

BG, I think that house Scarlett looked at would be an amazing deal in the mid 300s. I think it will take mid 400s to buy it.

AN, isn’t that place in MM a little close to MM blvd?

And BG you make an excellent point about the tax savings of acquiring a major fixer like that. I would much rather pay 350k to buy a fixer than 500k to buy something in move in condition but that is just me. Most buyers these days don’t want the hassle and/or don’t have the time.

[pemeliza]

The one on Ramsay has potential and is the lowest priced home in UC. Here is another on the same street that is smaller and it went for 336k in 2001.

http://www.sdlookup.com/Property-E51BDEFD-4744_Ramsay_Ave_San_Diego_CA_92122

BG, I think that house Scarlett looked at would be an amazing deal in the mid 300s. I think it will take mid 400s to buy it.

AN, isn’t that place in MM a little close to MM blvd?

And BG you make an excellent point about the tax savings of acquiring a major fixer like that. I would much rather pay 350k to buy a fixer than 500k to buy something in move in condition but that is just me. Most buyers these days don’t want the hassle and/or don’t have the time.

[pemeliza]

The one on Ramsay has potential and is the lowest priced home in UC. Here is another on the same street that is smaller and it went for 336k in 2001.

http://www.sdlookup.com/Property-E51BDEFD-4744_Ramsay_Ave_San_Diego_CA_92122

BG, I think that house Scarlett looked at would be an amazing deal in the mid 300s. I think it will take mid 400s to buy it.

AN, isn’t that place in MM a little close to MM blvd?

And BG you make an excellent point about the tax savings of acquiring a major fixer like that. I would much rather pay 350k to buy a fixer than 500k to buy something in move in condition but that is just me. Most buyers these days don’t want the hassle and/or don’t have the time.

[pemeliza]

The one on Ramsay has potential and is the lowest priced home in UC. Here is another on the same street that is smaller and it went for 336k in 2001.

http://www.sdlookup.com/Property-E51BDEFD-4744_Ramsay_Ave_San_Diego_CA_92122

BG, I think that house Scarlett looked at would be an amazing deal in the mid 300s. I think it will take mid 400s to buy it.

AN, isn’t that place in MM a little close to MM blvd?

And BG you make an excellent point about the tax savings of acquiring a major fixer like that. I would much rather pay 350k to buy a fixer than 500k to buy something in move in condition but that is just me. Most buyers these days don’t want the hassle and/or don’t have the time.

[pemeliza]

“What is stopping them is fear of further declines.”

Yes, and right now I can’t say that I blame them. Nothing in this current market is giving me the impression that we are at a turning point in psychology.

Here is a specific example in Mt Helix which is a pretty decent family area that has recently been pounded. This looks like a very good deal well below recent sales and it is sitting.

http://www.sdlookup.com/MLS-100069201-10021_Resmar_Ct_La_Mesa_CA_91941

Basically, the seller bought the house 20 years ago and will be lucky to break even after commissions. Two lost decades and that is after the government took over the mortgage market and spent trillions buying down mortgage rates to historic lows.

[pemeliza]

“What is stopping them is fear of further declines.”

Yes, and right now I can’t say that I blame them. Nothing in this current market is giving me the impression that we are at a turning point in psychology.

Here is a specific example in Mt Helix which is a pretty decent family area that has recently been pounded. This looks like a very good deal well below recent sales and it is sitting.

http://www.sdlookup.com/MLS-100069201-10021_Resmar_Ct_La_Mesa_CA_91941

Basically, the seller bought the house 20 years ago and will be lucky to break even after commissions. Two lost decades and that is after the government took over the mortgage market and spent trillions buying down mortgage rates to historic lows.

[pemeliza]

“What is stopping them is fear of further declines.”

Yes, and right now I can’t say that I blame them. Nothing in this current market is giving me the impression that we are at a turning point in psychology.

Here is a specific example in Mt Helix which is a pretty decent family area that has recently been pounded. This looks like a very good deal well below recent sales and it is sitting.

http://www.sdlookup.com/MLS-100069201-10021_Resmar_Ct_La_Mesa_CA_91941

Basically, the seller bought the house 20 years ago and will be lucky to break even after commissions. Two lost decades and that is after the government took over the mortgage market and spent trillions buying down mortgage rates to historic lows.

[pemeliza]

“What is stopping them is fear of further declines.”

Yes, and right now I can’t say that I blame them. Nothing in this current market is giving me the impression that we are at a turning point in psychology.

Here is a specific example in Mt Helix which is a pretty decent family area that has recently been pounded. This looks like a very good deal well below recent sales and it is sitting.

http://www.sdlookup.com/MLS-100069201-10021_Resmar_Ct_La_Mesa_CA_91941

Basically, the seller bought the house 20 years ago and will be lucky to break even after commissions. Two lost decades and that is after the government took over the mortgage market and spent trillions buying down mortgage rates to historic lows.

[pemeliza]

“What is stopping them is fear of further declines.”

Yes, and right now I can’t say that I blame them. Nothing in this current market is giving me the impression that we are at a turning point in psychology.

Here is a specific example in Mt Helix which is a pretty decent family area that has recently been pounded. This looks like a very good deal well below recent sales and it is sitting.

http://www.sdlookup.com/MLS-100069201-10021_Resmar_Ct_La_Mesa_CA_91941

Basically, the seller bought the house 20 years ago and will be lucky to break even after commissions. Two lost decades and that is after the government took over the mortgage market and spent trillions buying down mortgage rates to historic lows.

[pemeliza]

There are hassles involved, but if you get lucky you can get an amazing deal on a short sale these days. We are definitely in a market that is rewarding the patient, well informed, and hard working buyer.

edit : The best time to pounce on a short sale is late in the game and after a buyer or two has backed out.

[pemeliza]

There are hassles involved, but if you get lucky you can get an amazing deal on a short sale these days. We are definitely in a market that is rewarding the patient, well informed, and hard working buyer.

edit : The best time to pounce on a short sale is late in the game and after a buyer or two has backed out.

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