[SD Realtor]

Raptor please remember that secular markets are simply envelopes of cyclical markets. The cyclicals will either have higher highs and higher lows or lower highs and lower lows depending on the direction of the secular market. Spring is typically a time of cyclical activity that is rising. You will need to be patient. By later in the summer the price rallies will be done and the nicer homes will either be purchased or repriced to sell.

Buyers who purchase in the spring (especially for nicer homes) should always be prepared for pricing that is commensurate with the time of year.

It is frustrating. Plus you are shopping in an area of denial and/or substantial equity investments.

SD Realtor

[SD Realtor]

Raptor please remember that secular markets are simply envelopes of cyclical markets. The cyclicals will either have higher highs and higher lows or lower highs and lower lows depending on the direction of the secular market. Spring is typically a time of cyclical activity that is rising. You will need to be patient. By later in the summer the price rallies will be done and the nicer homes will either be purchased or repriced to sell.

Buyers who purchase in the spring (especially for nicer homes) should always be prepared for pricing that is commensurate with the time of year.

It is frustrating. Plus you are shopping in an area of denial and/or substantial equity investments.

SD Realtor

[SD Realtor]

Raptor please remember that secular markets are simply envelopes of cyclical markets. The cyclicals will either have higher highs and higher lows or lower highs and lower lows depending on the direction of the secular market. Spring is typically a time of cyclical activity that is rising. You will need to be patient. By later in the summer the price rallies will be done and the nicer homes will either be purchased or repriced to sell.

Buyers who purchase in the spring (especially for nicer homes) should always be prepared for pricing that is commensurate with the time of year.

It is frustrating. Plus you are shopping in an area of denial and/or substantial equity investments.

SD Realtor

[SD Realtor]

Raptor please remember that secular markets are simply envelopes of cyclical markets. The cyclicals will either have higher highs and higher lows or lower highs and lower lows depending on the direction of the secular market. Spring is typically a time of cyclical activity that is rising. You will need to be patient. By later in the summer the price rallies will be done and the nicer homes will either be purchased or repriced to sell.

Buyers who purchase in the spring (especially for nicer homes) should always be prepared for pricing that is commensurate with the time of year.

It is frustrating. Plus you are shopping in an area of denial and/or substantial equity investments.

SD Realtor

[SD Realtor]

Not so sure this is the deal you make it out to be. The home is a condo so the ownership is not fee simple. The HOA is 146 a month and the MR fees are 2674 a year. So off the bat you are paying 364 per month.

Now the home has been in and out of escrow 4 different times. Also the last sale on this street for this particular floorplan is at 9741 Tallus which closed for 545k back in October. At that time this home was priced higher.

Okay compared to the two homes pending on Tallus Glen this is a nice price however on of those two pendings has been pending since July… doesn’t that seem odd?

Anyways I guess yeah the pricing is okay but without seeing it in person it is hard to say what is wrong… obviously something is off.

SD Realtor

[SD Realtor]

Not so sure this is the deal you make it out to be. The home is a condo so the ownership is not fee simple. The HOA is 146 a month and the MR fees are 2674 a year. So off the bat you are paying 364 per month.

Now the home has been in and out of escrow 4 different times. Also the last sale on this street for this particular floorplan is at 9741 Tallus which closed for 545k back in October. At that time this home was priced higher.

Okay compared to the two homes pending on Tallus Glen this is a nice price however on of those two pendings has been pending since July… doesn’t that seem odd?

Anyways I guess yeah the pricing is okay but without seeing it in person it is hard to say what is wrong… obviously something is off.

SD Realtor

[SD Realtor]

Not so sure this is the deal you make it out to be. The home is a condo so the ownership is not fee simple. The HOA is 146 a month and the MR fees are 2674 a year. So off the bat you are paying 364 per month.

Now the home has been in and out of escrow 4 different times. Also the last sale on this street for this particular floorplan is at 9741 Tallus which closed for 545k back in October. At that time this home was priced higher.

Okay compared to the two homes pending on Tallus Glen this is a nice price however on of those two pendings has been pending since July… doesn’t that seem odd?

Anyways I guess yeah the pricing is okay but without seeing it in person it is hard to say what is wrong… obviously something is off.

SD Realtor

[SD Realtor]

Not so sure this is the deal you make it out to be. The home is a condo so the ownership is not fee simple. The HOA is 146 a month and the MR fees are 2674 a year. So off the bat you are paying 364 per month.

Now the home has been in and out of escrow 4 different times. Also the last sale on this street for this particular floorplan is at 9741 Tallus which closed for 545k back in October. At that time this home was priced higher.

Okay compared to the two homes pending on Tallus Glen this is a nice price however on of those two pendings has been pending since July… doesn’t that seem odd?

Anyways I guess yeah the pricing is okay but without seeing it in person it is hard to say what is wrong… obviously something is off.

SD Realtor

[SD Realtor]

Not so sure this is the deal you make it out to be. The home is a condo so the ownership is not fee simple. The HOA is 146 a month and the MR fees are 2674 a year. So off the bat you are paying 364 per month.

Now the home has been in and out of escrow 4 different times. Also the last sale on this street for this particular floorplan is at 9741 Tallus which closed for 545k back in October. At that time this home was priced higher.

Okay compared to the two homes pending on Tallus Glen this is a nice price however on of those two pendings has been pending since July… doesn’t that seem odd?

Anyways I guess yeah the pricing is okay but without seeing it in person it is hard to say what is wrong… obviously something is off.

SD Realtor

[SD Realtor]

Condogrl there is even more concern about the HOA then you brought up. The client of mine who is interested in the downtown area is an attorney. He has found that some of the current projects that are less then 10 years old are indeed having litigation regarding construction defects. The larger problem here is that the developers that are defendants may not have any money left so even if the HOA wins the lawsuit, if the developer is broke or is structured in such a way as to be able to shield the assets, then the HOA is on the hook for whatever needs to be remedied in the building. This (in some cases) can be big dollars. Now as a homeowner you may be on the hook for an assessment, perhaps a non trivial assessment.

Is this happening alot? No. Is this particular client perhaps a little over paranoid? Yeah a little but he is an attorney and he is simply covering all possibilities. Not a bad idea.

SD Realtor

[SD Realtor]

Condogrl there is even more concern about the HOA then you brought up. The client of mine who is interested in the downtown area is an attorney. He has found that some of the current projects that are less then 10 years old are indeed having litigation regarding construction defects. The larger problem here is that the developers that are defendants may not have any money left so even if the HOA wins the lawsuit, if the developer is broke or is structured in such a way as to be able to shield the assets, then the HOA is on the hook for whatever needs to be remedied in the building. This (in some cases) can be big dollars. Now as a homeowner you may be on the hook for an assessment, perhaps a non trivial assessment.

Is this happening alot? No. Is this particular client perhaps a little over paranoid? Yeah a little but he is an attorney and he is simply covering all possibilities. Not a bad idea.

SD Realtor

[SD Realtor]

Condogrl there is even more concern about the HOA then you brought up. The client of mine who is interested in the downtown area is an attorney. He has found that some of the current projects that are less then 10 years old are indeed having litigation regarding construction defects. The larger problem here is that the developers that are defendants may not have any money left so even if the HOA wins the lawsuit, if the developer is broke or is structured in such a way as to be able to shield the assets, then the HOA is on the hook for whatever needs to be remedied in the building. This (in some cases) can be big dollars. Now as a homeowner you may be on the hook for an assessment, perhaps a non trivial assessment.

Is this happening alot? No. Is this particular client perhaps a little over paranoid? Yeah a little but he is an attorney and he is simply covering all possibilities. Not a bad idea.

SD Realtor

[SD Realtor]

Condogrl there is even more concern about the HOA then you brought up. The client of mine who is interested in the downtown area is an attorney. He has found that some of the current projects that are less then 10 years old are indeed having litigation regarding construction defects. The larger problem here is that the developers that are defendants may not have any money left so even if the HOA wins the lawsuit, if the developer is broke or is structured in such a way as to be able to shield the assets, then the HOA is on the hook for whatever needs to be remedied in the building. This (in some cases) can be big dollars. Now as a homeowner you may be on the hook for an assessment, perhaps a non trivial assessment.

Is this happening alot? No. Is this particular client perhaps a little over paranoid? Yeah a little but he is an attorney and he is simply covering all possibilities. Not a bad idea.

SD Realtor

[SD Realtor]

Condogrl there is even more concern about the HOA then you brought up. The client of mine who is interested in the downtown area is an attorney. He has found that some of the current projects that are less then 10 years old are indeed having litigation regarding construction defects. The larger problem here is that the developers that are defendants may not have any money left so even if the HOA wins the lawsuit, if the developer is broke or is structured in such a way as to be able to shield the assets, then the HOA is on the hook for whatever needs to be remedied in the building. This (in some cases) can be big dollars. Now as a homeowner you may be on the hook for an assessment, perhaps a non trivial assessment.

Is this happening alot? No. Is this particular client perhaps a little over paranoid? Yeah a little but he is an attorney and he is simply covering all possibilities. Not a bad idea.

SD Realtor

[SD Realtor]

Perhaps they got some feedback from the lender that the BPO came in higher then the original listing price so they repriced it so as not to waste anyones time. It is a short sale.

SD Realtor

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