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SD Realtor
Participantfarbet, breee and blackbox, both sdrealtor and myself, SD Realtor) are of the opinion that we are in a heavy bear market and that there will be continued depreciation that will be substantial. I am not sure where you guys derived opinions that are otherwise.
Now in this particular thread sdrealtor has taken a different stance regarding some of the particular properties that ocrenter has researched. The argument is not that these properties are at a certain price level (with regards to the past) but has the entire area depreciated to a given level…(ie, is the entire area at 2003 pricing, or are a few homes at 2003 pricing)
Finally the point sdrealtor is also making is that in 2003 there was incredible appreciation, that is pricing in February of 2003 was substantially different then pricing in November of 2003 so taking the year as a whole is quite subjective.
ocrenter continues to find major price reductions and distress sales in the area and like the tide going out, eventually it will be true that the entire area will hit November 03 pricing and then February 03 pricing. Will that happen in a month, or in a year or in two years is anyone’s guess.
Hope I clarified things.
Participantfarbet, breee and blackbox, both sdrealtor and myself, SD Realtor) are of the opinion that we are in a heavy bear market and that there will be continued depreciation that will be substantial. I am not sure where you guys derived opinions that are otherwise.
Now in this particular thread sdrealtor has taken a different stance regarding some of the particular properties that ocrenter has researched. The argument is not that these properties are at a certain price level (with regards to the past) but has the entire area depreciated to a given level…(ie, is the entire area at 2003 pricing, or are a few homes at 2003 pricing)
Finally the point sdrealtor is also making is that in 2003 there was incredible appreciation, that is pricing in February of 2003 was substantially different then pricing in November of 2003 so taking the year as a whole is quite subjective.
ocrenter continues to find major price reductions and distress sales in the area and like the tide going out, eventually it will be true that the entire area will hit November 03 pricing and then February 03 pricing. Will that happen in a month, or in a year or in two years is anyone’s guess.
Hope I clarified things.
Participantfarbet, breee and blackbox, both sdrealtor and myself, SD Realtor) are of the opinion that we are in a heavy bear market and that there will be continued depreciation that will be substantial. I am not sure where you guys derived opinions that are otherwise.
Now in this particular thread sdrealtor has taken a different stance regarding some of the particular properties that ocrenter has researched. The argument is not that these properties are at a certain price level (with regards to the past) but has the entire area depreciated to a given level…(ie, is the entire area at 2003 pricing, or are a few homes at 2003 pricing)
Finally the point sdrealtor is also making is that in 2003 there was incredible appreciation, that is pricing in February of 2003 was substantially different then pricing in November of 2003 so taking the year as a whole is quite subjective.
ocrenter continues to find major price reductions and distress sales in the area and like the tide going out, eventually it will be true that the entire area will hit November 03 pricing and then February 03 pricing. Will that happen in a month, or in a year or in two years is anyone’s guess.
Hope I clarified things.
Participantfarbet, breee and blackbox, both sdrealtor and myself, SD Realtor) are of the opinion that we are in a heavy bear market and that there will be continued depreciation that will be substantial. I am not sure where you guys derived opinions that are otherwise.
Now in this particular thread sdrealtor has taken a different stance regarding some of the particular properties that ocrenter has researched. The argument is not that these properties are at a certain price level (with regards to the past) but has the entire area depreciated to a given level…(ie, is the entire area at 2003 pricing, or are a few homes at 2003 pricing)
Finally the point sdrealtor is also making is that in 2003 there was incredible appreciation, that is pricing in February of 2003 was substantially different then pricing in November of 2003 so taking the year as a whole is quite subjective.
ocrenter continues to find major price reductions and distress sales in the area and like the tide going out, eventually it will be true that the entire area will hit November 03 pricing and then February 03 pricing. Will that happen in a month, or in a year or in two years is anyone’s guess.
Hope I clarified things.
ParticipantI am skeptical that the lender will accept anything in the price range mostly because of how irritated I have become with the short sale process. Also I have found that many short sales that are now priced aggressively are done so in order to submit a valid offer to the lender with the hopes that the lender will at least push out the trustee sale date. That said the first on this one is 388k and a 2nd of 97k. Also there are two pendings on Hawley, at a much higher per square foot price then the current active is priced at. The NOD was posted 9/11/07. Now the home was marketed on the MLS for 84 days at 485k when it opened and it was down to 349k by the end of the listing.
Most people have to understand that the lender does not set the price for the short sale, the realtor does and usually the lender will not even give ANY feedback until the short sale package is SUBMITTED IN FULL to the lender. This must include an offer. Then the lender will put in some time and effort, (and a little money) to do an analysis to then give some feedback.
The entire process is really f’d up.
At any rate I am not saying that the property is or is not priced well, I am just saying the short sale process sucks and I am skeptical the lender will accept in this range. However perhaps lenders are getting smarter!
SD Realtor
ParticipantI am skeptical that the lender will accept anything in the price range mostly because of how irritated I have become with the short sale process. Also I have found that many short sales that are now priced aggressively are done so in order to submit a valid offer to the lender with the hopes that the lender will at least push out the trustee sale date. That said the first on this one is 388k and a 2nd of 97k. Also there are two pendings on Hawley, at a much higher per square foot price then the current active is priced at. The NOD was posted 9/11/07. Now the home was marketed on the MLS for 84 days at 485k when it opened and it was down to 349k by the end of the listing.
Most people have to understand that the lender does not set the price for the short sale, the realtor does and usually the lender will not even give ANY feedback until the short sale package is SUBMITTED IN FULL to the lender. This must include an offer. Then the lender will put in some time and effort, (and a little money) to do an analysis to then give some feedback.
The entire process is really f’d up.
At any rate I am not saying that the property is or is not priced well, I am just saying the short sale process sucks and I am skeptical the lender will accept in this range. However perhaps lenders are getting smarter!
SD Realtor
ParticipantI am skeptical that the lender will accept anything in the price range mostly because of how irritated I have become with the short sale process. Also I have found that many short sales that are now priced aggressively are done so in order to submit a valid offer to the lender with the hopes that the lender will at least push out the trustee sale date. That said the first on this one is 388k and a 2nd of 97k. Also there are two pendings on Hawley, at a much higher per square foot price then the current active is priced at. The NOD was posted 9/11/07. Now the home was marketed on the MLS for 84 days at 485k when it opened and it was down to 349k by the end of the listing.
Most people have to understand that the lender does not set the price for the short sale, the realtor does and usually the lender will not even give ANY feedback until the short sale package is SUBMITTED IN FULL to the lender. This must include an offer. Then the lender will put in some time and effort, (and a little money) to do an analysis to then give some feedback.
The entire process is really f’d up.
At any rate I am not saying that the property is or is not priced well, I am just saying the short sale process sucks and I am skeptical the lender will accept in this range. However perhaps lenders are getting smarter!
SD Realtor
ParticipantI am skeptical that the lender will accept anything in the price range mostly because of how irritated I have become with the short sale process. Also I have found that many short sales that are now priced aggressively are done so in order to submit a valid offer to the lender with the hopes that the lender will at least push out the trustee sale date. That said the first on this one is 388k and a 2nd of 97k. Also there are two pendings on Hawley, at a much higher per square foot price then the current active is priced at. The NOD was posted 9/11/07. Now the home was marketed on the MLS for 84 days at 485k when it opened and it was down to 349k by the end of the listing.
Most people have to understand that the lender does not set the price for the short sale, the realtor does and usually the lender will not even give ANY feedback until the short sale package is SUBMITTED IN FULL to the lender. This must include an offer. Then the lender will put in some time and effort, (and a little money) to do an analysis to then give some feedback.
The entire process is really f’d up.
At any rate I am not saying that the property is or is not priced well, I am just saying the short sale process sucks and I am skeptical the lender will accept in this range. However perhaps lenders are getting smarter!
SD Realtor
ParticipantI am skeptical that the lender will accept anything in the price range mostly because of how irritated I have become with the short sale process. Also I have found that many short sales that are now priced aggressively are done so in order to submit a valid offer to the lender with the hopes that the lender will at least push out the trustee sale date. That said the first on this one is 388k and a 2nd of 97k. Also there are two pendings on Hawley, at a much higher per square foot price then the current active is priced at. The NOD was posted 9/11/07. Now the home was marketed on the MLS for 84 days at 485k when it opened and it was down to 349k by the end of the listing.
Most people have to understand that the lender does not set the price for the short sale, the realtor does and usually the lender will not even give ANY feedback until the short sale package is SUBMITTED IN FULL to the lender. This must include an offer. Then the lender will put in some time and effort, (and a little money) to do an analysis to then give some feedback.
The entire process is really f’d up.
At any rate I am not saying that the property is or is not priced well, I am just saying the short sale process sucks and I am skeptical the lender will accept in this range. However perhaps lenders are getting smarter!
SD Realtor
ParticipantCardiff I would be very careful as well.
My wife routinely sees people who went to get certain cosmetic procedures done by substandard providers. Not major plastic surgery but more aesthetic stuff. It is a shame but more often then not she has to send them to places like Derm Associates for intensive laser treatments to try to undo the mess and many times that will not even work… This includes people who had permanent makeup that was done wrong or at an inferior salon or spa, other camo procedures, also poorly done laser treatments.
I can understand saving money on a commodity or service of some type.
However I will never understand people who risk personal injury or disfigurement just to save a few hundred bucks.
SD Realtor
ParticipantCardiff I would be very careful as well.
My wife routinely sees people who went to get certain cosmetic procedures done by substandard providers. Not major plastic surgery but more aesthetic stuff. It is a shame but more often then not she has to send them to places like Derm Associates for intensive laser treatments to try to undo the mess and many times that will not even work… This includes people who had permanent makeup that was done wrong or at an inferior salon or spa, other camo procedures, also poorly done laser treatments.
I can understand saving money on a commodity or service of some type.
However I will never understand people who risk personal injury or disfigurement just to save a few hundred bucks.
SD Realtor
ParticipantCardiff I would be very careful as well.
My wife routinely sees people who went to get certain cosmetic procedures done by substandard providers. Not major plastic surgery but more aesthetic stuff. It is a shame but more often then not she has to send them to places like Derm Associates for intensive laser treatments to try to undo the mess and many times that will not even work… This includes people who had permanent makeup that was done wrong or at an inferior salon or spa, other camo procedures, also poorly done laser treatments.
I can understand saving money on a commodity or service of some type.
However I will never understand people who risk personal injury or disfigurement just to save a few hundred bucks.
SD Realtor
ParticipantCardiff I would be very careful as well.
My wife routinely sees people who went to get certain cosmetic procedures done by substandard providers. Not major plastic surgery but more aesthetic stuff. It is a shame but more often then not she has to send them to places like Derm Associates for intensive laser treatments to try to undo the mess and many times that will not even work… This includes people who had permanent makeup that was done wrong or at an inferior salon or spa, other camo procedures, also poorly done laser treatments.
I can understand saving money on a commodity or service of some type.
However I will never understand people who risk personal injury or disfigurement just to save a few hundred bucks.
SD Realtor
ParticipantCardiff I would be very careful as well.
My wife routinely sees people who went to get certain cosmetic procedures done by substandard providers. Not major plastic surgery but more aesthetic stuff. It is a shame but more often then not she has to send them to places like Derm Associates for intensive laser treatments to try to undo the mess and many times that will not even work… This includes people who had permanent makeup that was done wrong or at an inferior salon or spa, other camo procedures, also poorly done laser treatments.
I can understand saving money on a commodity or service of some type.
However I will never understand people who risk personal injury or disfigurement just to save a few hundred bucks.
SD Realtor
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