Forum Replies Created
-
AuthorPosts
-
SD Realtor
ParticipantYou can use sdlookup.com. Also if you like, post the address and many of us can find the information. If you do not want the address posted you can email any of us and we can find the information you need and email it back to you.
SD Realtor
ParticipantYou can use sdlookup.com. Also if you like, post the address and many of us can find the information. If you do not want the address posted you can email any of us and we can find the information you need and email it back to you.
SD Realtor
ParticipantYou can use sdlookup.com. Also if you like, post the address and many of us can find the information. If you do not want the address posted you can email any of us and we can find the information you need and email it back to you.
SD Realtor
ParticipantYou can use sdlookup.com. Also if you like, post the address and many of us can find the information. If you do not want the address posted you can email any of us and we can find the information you need and email it back to you.
SD Realtor
ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
Participant4plex essentially you are correct. Now a distressed seller may indeed complete the short sale package and send it in prior to an offer coming in. However it is my opinion that they never get looked at due to volume.
Here is an example… I have a current short sale… It is a home in Lakeside. My clients sent in a fully completed documentation package many months ago to the loan workout department in an effort to restructure the loan. The package (at least for this lender) was identical to the short sale package with regards to the sellers information. So the lender would not budge… Now that we have an offer the lender has acted but in a very slow and disinterested manner. I am still haggling with them just to see if they will “consider” the offer. Consider being taking it seriously, sending an appraiser out, and giving me half a clue as to what they will respond to.
So yes you are correct that the first offer trailblazes the effort. Hopefully I will find out what neighborhood the lender will consider though I doubt it will be where this home is priced. I believe the home is priced to low and it will go to trustee sale. I think this is the case for many many short sales listed out there. Why these lenders think they will fetch more at auction is beyond me.
Your observations are on the mark. Getting any feedback from lenders in this market is key and what you described above is the only way to do it.
SD Realtor
Participant4plex essentially you are correct. Now a distressed seller may indeed complete the short sale package and send it in prior to an offer coming in. However it is my opinion that they never get looked at due to volume.
Here is an example… I have a current short sale… It is a home in Lakeside. My clients sent in a fully completed documentation package many months ago to the loan workout department in an effort to restructure the loan. The package (at least for this lender) was identical to the short sale package with regards to the sellers information. So the lender would not budge… Now that we have an offer the lender has acted but in a very slow and disinterested manner. I am still haggling with them just to see if they will “consider” the offer. Consider being taking it seriously, sending an appraiser out, and giving me half a clue as to what they will respond to.
So yes you are correct that the first offer trailblazes the effort. Hopefully I will find out what neighborhood the lender will consider though I doubt it will be where this home is priced. I believe the home is priced to low and it will go to trustee sale. I think this is the case for many many short sales listed out there. Why these lenders think they will fetch more at auction is beyond me.
Your observations are on the mark. Getting any feedback from lenders in this market is key and what you described above is the only way to do it.
SD Realtor
Participant4plex essentially you are correct. Now a distressed seller may indeed complete the short sale package and send it in prior to an offer coming in. However it is my opinion that they never get looked at due to volume.
Here is an example… I have a current short sale… It is a home in Lakeside. My clients sent in a fully completed documentation package many months ago to the loan workout department in an effort to restructure the loan. The package (at least for this lender) was identical to the short sale package with regards to the sellers information. So the lender would not budge… Now that we have an offer the lender has acted but in a very slow and disinterested manner. I am still haggling with them just to see if they will “consider” the offer. Consider being taking it seriously, sending an appraiser out, and giving me half a clue as to what they will respond to.
So yes you are correct that the first offer trailblazes the effort. Hopefully I will find out what neighborhood the lender will consider though I doubt it will be where this home is priced. I believe the home is priced to low and it will go to trustee sale. I think this is the case for many many short sales listed out there. Why these lenders think they will fetch more at auction is beyond me.
Your observations are on the mark. Getting any feedback from lenders in this market is key and what you described above is the only way to do it.
SD Realtor
Participant4plex essentially you are correct. Now a distressed seller may indeed complete the short sale package and send it in prior to an offer coming in. However it is my opinion that they never get looked at due to volume.
Here is an example… I have a current short sale… It is a home in Lakeside. My clients sent in a fully completed documentation package many months ago to the loan workout department in an effort to restructure the loan. The package (at least for this lender) was identical to the short sale package with regards to the sellers information. So the lender would not budge… Now that we have an offer the lender has acted but in a very slow and disinterested manner. I am still haggling with them just to see if they will “consider” the offer. Consider being taking it seriously, sending an appraiser out, and giving me half a clue as to what they will respond to.
So yes you are correct that the first offer trailblazes the effort. Hopefully I will find out what neighborhood the lender will consider though I doubt it will be where this home is priced. I believe the home is priced to low and it will go to trustee sale. I think this is the case for many many short sales listed out there. Why these lenders think they will fetch more at auction is beyond me.
Your observations are on the mark. Getting any feedback from lenders in this market is key and what you described above is the only way to do it.
SD Realtor
Participant4plex essentially you are correct. Now a distressed seller may indeed complete the short sale package and send it in prior to an offer coming in. However it is my opinion that they never get looked at due to volume.
Here is an example… I have a current short sale… It is a home in Lakeside. My clients sent in a fully completed documentation package many months ago to the loan workout department in an effort to restructure the loan. The package (at least for this lender) was identical to the short sale package with regards to the sellers information. So the lender would not budge… Now that we have an offer the lender has acted but in a very slow and disinterested manner. I am still haggling with them just to see if they will “consider” the offer. Consider being taking it seriously, sending an appraiser out, and giving me half a clue as to what they will respond to.
So yes you are correct that the first offer trailblazes the effort. Hopefully I will find out what neighborhood the lender will consider though I doubt it will be where this home is priced. I believe the home is priced to low and it will go to trustee sale. I think this is the case for many many short sales listed out there. Why these lenders think they will fetch more at auction is beyond me.
Your observations are on the mark. Getting any feedback from lenders in this market is key and what you described above is the only way to do it.
SD Realtor
-
AuthorPosts
