[recordsclerk]

Jumby,

We drove by that house on our way to look at another property down the street. It is very nice, but those pictures make it look more grand. There are a few listings for Quintessa homes in the 1 mil to 1.1 mil. I think these prices are still too high and should go into the 900k in the next few months. There is also a 1 story Quintessa home that just lowered there asking to 970K, but I think that’s still too high. I really like this area, the fact that there’s no mello roos adds to the equation.

[recordsclerk]

Jumby,

We drove by that house on our way to look at another property down the street. It is very nice, but those pictures make it look more grand. There are a few listings for Quintessa homes in the 1 mil to 1.1 mil. I think these prices are still too high and should go into the 900k in the next few months. There is also a 1 story Quintessa home that just lowered there asking to 970K, but I think that’s still too high. I really like this area, the fact that there’s no mello roos adds to the equation.

[recordsclerk]

Jumby,

We drove by that house on our way to look at another property down the street. It is very nice, but those pictures make it look more grand. There are a few listings for Quintessa homes in the 1 mil to 1.1 mil. I think these prices are still too high and should go into the 900k in the next few months. There is also a 1 story Quintessa home that just lowered there asking to 970K, but I think that’s still too high. I really like this area, the fact that there’s no mello roos adds to the equation.

[recordsclerk]

Try this link to Zillow.com.

http://www.zillow.com/HomeDetails.htm?zprop=69020792

The asking price was 705K. I’m not sure what the final sales price is. We will have to wait until it gets recorded.

[recordsclerk]

Try this link to Zillow.com.

http://www.zillow.com/HomeDetails.htm?zprop=69020792

The asking price was 705K. I’m not sure what the final sales price is. We will have to wait until it gets recorded.

[recordsclerk]

Try this link to Zillow.com.

http://www.zillow.com/HomeDetails.htm?zprop=69020792

The asking price was 705K. I’m not sure what the final sales price is. We will have to wait until it gets recorded.

[recordsclerk]

Try this link to Zillow.com.

http://www.zillow.com/HomeDetails.htm?zprop=69020792

The asking price was 705K. I’m not sure what the final sales price is. We will have to wait until it gets recorded.

[recordsclerk]

Try this link to Zillow.com.

http://www.zillow.com/HomeDetails.htm?zprop=69020792

The asking price was 705K. I’m not sure what the final sales price is. We will have to wait until it gets recorded.

[recordsclerk]

No down payment loan are hard to come buy today. It’s hard to find second loans without high fico scores. Almost everyone bidding on properties like these have a minimun of 20% down. The bank wanted a pre-qual through their preferred lender. He actually mentioned that all the pre-quals up to that time had 20% or more. I also mentioned that there was a cash buyer. My take on it is I think the bank went back to the cash buyer and asked him to match highest bid. There have been a lot of pendings coming back on the market and I’m not sure why, but my guess would be that the buyer couldn’t perform. Stated loans are still available, but the lenders will go over the loans with a fine tooth comb. As far as me personnally 20% down is what we were going to do on this property. I’m a move up buyer and owe very little on my current residence SFR(less then 100k). If we purchase a home in the 600K range I would put down enough so we would only need to borrow 417K.

[recordsclerk]

No down payment loan are hard to come buy today. It’s hard to find second loans without high fico scores. Almost everyone bidding on properties like these have a minimun of 20% down. The bank wanted a pre-qual through their preferred lender. He actually mentioned that all the pre-quals up to that time had 20% or more. I also mentioned that there was a cash buyer. My take on it is I think the bank went back to the cash buyer and asked him to match highest bid. There have been a lot of pendings coming back on the market and I’m not sure why, but my guess would be that the buyer couldn’t perform. Stated loans are still available, but the lenders will go over the loans with a fine tooth comb. As far as me personnally 20% down is what we were going to do on this property. I’m a move up buyer and owe very little on my current residence SFR(less then 100k). If we purchase a home in the 600K range I would put down enough so we would only need to borrow 417K.

[recordsclerk]

No down payment loan are hard to come buy today. It’s hard to find second loans without high fico scores. Almost everyone bidding on properties like these have a minimun of 20% down. The bank wanted a pre-qual through their preferred lender. He actually mentioned that all the pre-quals up to that time had 20% or more. I also mentioned that there was a cash buyer. My take on it is I think the bank went back to the cash buyer and asked him to match highest bid. There have been a lot of pendings coming back on the market and I’m not sure why, but my guess would be that the buyer couldn’t perform. Stated loans are still available, but the lenders will go over the loans with a fine tooth comb. As far as me personnally 20% down is what we were going to do on this property. I’m a move up buyer and owe very little on my current residence SFR(less then 100k). If we purchase a home in the 600K range I would put down enough so we would only need to borrow 417K.

[recordsclerk]

No down payment loan are hard to come buy today. It’s hard to find second loans without high fico scores. Almost everyone bidding on properties like these have a minimun of 20% down. The bank wanted a pre-qual through their preferred lender. He actually mentioned that all the pre-quals up to that time had 20% or more. I also mentioned that there was a cash buyer. My take on it is I think the bank went back to the cash buyer and asked him to match highest bid. There have been a lot of pendings coming back on the market and I’m not sure why, but my guess would be that the buyer couldn’t perform. Stated loans are still available, but the lenders will go over the loans with a fine tooth comb. As far as me personnally 20% down is what we were going to do on this property. I’m a move up buyer and owe very little on my current residence SFR(less then 100k). If we purchase a home in the 600K range I would put down enough so we would only need to borrow 417K.

[recordsclerk]

No down payment loan are hard to come buy today. It’s hard to find second loans without high fico scores. Almost everyone bidding on properties like these have a minimun of 20% down. The bank wanted a pre-qual through their preferred lender. He actually mentioned that all the pre-quals up to that time had 20% or more. I also mentioned that there was a cash buyer. My take on it is I think the bank went back to the cash buyer and asked him to match highest bid. There have been a lot of pendings coming back on the market and I’m not sure why, but my guess would be that the buyer couldn’t perform. Stated loans are still available, but the lenders will go over the loans with a fine tooth comb. As far as me personnally 20% down is what we were going to do on this property. I’m a move up buyer and owe very little on my current residence SFR(less then 100k). If we purchase a home in the 600K range I would put down enough so we would only need to borrow 417K.

[recordsclerk]

I’m not sure if the link works.
The MLS# 081000181
Address:
2951 WINDING FENCE WAY, Chula Vista, CA 91914**

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=081000181&page=1&property_type=SFR&mls=mls_sandiego&cKey=kb6t4l5s&source=SANDICOR

It’s a little smaller then what we are looking for and we don’t like the ranch style, we like the Spanish. There are more pictures on zillow from a prior listing. The original sale price for this home was in the high 900k (I think 984K) and I believe that’s before they did all the hardscape and pool. We are very picky buyers and are looking for the right home with the right lot. I know at this point in the market we will see some more downward pressure on prices and I’m willing to lose some equity since we are planing on staying for a long time. It’s also expensive to renovate larger homes if you don’t like the existing options. You could spend 200K easy in renovations including hardscape. So I don’t mind losing 100k or so in equity if we find the right house with the right options. Also this view is one of the best in Chula Vista (Chula Juana as some of you call it). For those of you that don’t know, this area of Chula Visa is called Rolling Hills. Rolling Hills if one of the only areas in Chula Vista that doesn’t have Mello Roos, so there is a premium for this area.

[recordsclerk]

I’m not sure if the link works.
The MLS# 081000181
Address:
2951 WINDING FENCE WAY, Chula Vista, CA 91914**

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=081000181&page=1&property_type=SFR&mls=mls_sandiego&cKey=kb6t4l5s&source=SANDICOR

It’s a little smaller then what we are looking for and we don’t like the ranch style, we like the Spanish. There are more pictures on zillow from a prior listing. The original sale price for this home was in the high 900k (I think 984K) and I believe that’s before they did all the hardscape and pool. We are very picky buyers and are looking for the right home with the right lot. I know at this point in the market we will see some more downward pressure on prices and I’m willing to lose some equity since we are planing on staying for a long time. It’s also expensive to renovate larger homes if you don’t like the existing options. You could spend 200K easy in renovations including hardscape. So I don’t mind losing 100k or so in equity if we find the right house with the right options. Also this view is one of the best in Chula Vista (Chula Juana as some of you call it). For those of you that don’t know, this area of Chula Visa is called Rolling Hills. Rolling Hills if one of the only areas in Chula Vista that doesn’t have Mello Roos, so there is a premium for this area.

[Author]

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