Forum Replies Created
-
AuthorPosts
-
August 27, 2007 at 2:20 PM in reply to: San Diego year over year inventories down for third month in a row #81817August 27, 2007 at 2:20 PM in reply to: San Diego year over year inventories down for third month in a row #81834
SD Realtor
ParticipantCyclical inventory declines usually begin in June. sdr has posted his synopsis of this in the short sale monitor. The decline should continue through the fall and bottom out in the holiday season. Then start to move back up towards the beginning of the year.
Distress sales and foreclosures could alter the pattern, we will see.
SD Realtor
ParticipantThe piece was written by Josef Joffe in the opinion section, commentary.
SD Realtor
ParticipantThe piece was written by Josef Joffe in the opinion section, commentary.
SD Realtor
ParticipantThe piece was written by Josef Joffe in the opinion section, commentary.
SD Realtor
August 27, 2007 at 12:28 PM in reply to: Massive loss in Mira Mesa, purchased $570K, listing at $399K-$450K #81605ParticipantThere are few that track Mira Mesa as much as AN does. I would agree with the posts here expressing skepticism of whether the lender would accept any of these prices. Remember that in a short sale listing, the lender does not have control of what the listing agent advertises as a price. Inherently, the lender does not care and will not get into the picture unless an offer is received AND the sellers have completed all of the required documentation proving a hardship. Sans all of that, it doesn’t matter one way or another.
Also no I don’t believe anything in Mira Mesa pencils out as a rental yet.
Now, once the dominoes start falling and one lender starts accepting the 375-400k offers then we will see the non distressed properties start to catch up. Also there is diversity in Mira Mesa… Yes alot of people on this board snub that zip code but don’t expect the calle cristobal homes to go for the same cost as homes in other parts of Mira Mesa.
SD Realtor
August 27, 2007 at 12:28 PM in reply to: Massive loss in Mira Mesa, purchased $570K, listing at $399K-$450K #81738ParticipantThere are few that track Mira Mesa as much as AN does. I would agree with the posts here expressing skepticism of whether the lender would accept any of these prices. Remember that in a short sale listing, the lender does not have control of what the listing agent advertises as a price. Inherently, the lender does not care and will not get into the picture unless an offer is received AND the sellers have completed all of the required documentation proving a hardship. Sans all of that, it doesn’t matter one way or another.
Also no I don’t believe anything in Mira Mesa pencils out as a rental yet.
Now, once the dominoes start falling and one lender starts accepting the 375-400k offers then we will see the non distressed properties start to catch up. Also there is diversity in Mira Mesa… Yes alot of people on this board snub that zip code but don’t expect the calle cristobal homes to go for the same cost as homes in other parts of Mira Mesa.
SD Realtor
August 27, 2007 at 12:28 PM in reply to: Massive loss in Mira Mesa, purchased $570K, listing at $399K-$450K #81757ParticipantThere are few that track Mira Mesa as much as AN does. I would agree with the posts here expressing skepticism of whether the lender would accept any of these prices. Remember that in a short sale listing, the lender does not have control of what the listing agent advertises as a price. Inherently, the lender does not care and will not get into the picture unless an offer is received AND the sellers have completed all of the required documentation proving a hardship. Sans all of that, it doesn’t matter one way or another.
Also no I don’t believe anything in Mira Mesa pencils out as a rental yet.
Now, once the dominoes start falling and one lender starts accepting the 375-400k offers then we will see the non distressed properties start to catch up. Also there is diversity in Mira Mesa… Yes alot of people on this board snub that zip code but don’t expect the calle cristobal homes to go for the same cost as homes in other parts of Mira Mesa.
SD Realtor
August 27, 2007 at 8:11 AM in reply to: Massive loss in Mira Mesa, purchased $570K, listing at $399K-$450K #81462ParticipantYep some parts have held up better then that but others have indeed lost 20+ in extreme cases. Hang in there Jimmy
SD Realtor
August 27, 2007 at 8:11 AM in reply to: Massive loss in Mira Mesa, purchased $570K, listing at $399K-$450K #81594ParticipantYep some parts have held up better then that but others have indeed lost 20+ in extreme cases. Hang in there Jimmy
SD Realtor
August 27, 2007 at 8:11 AM in reply to: Massive loss in Mira Mesa, purchased $570K, listing at $399K-$450K #81613ParticipantYep some parts have held up better then that but others have indeed lost 20+ in extreme cases. Hang in there Jimmy
SD Realtor
ParticipantOCR sorry for not responding as I kind of bailed on this thread and stopped reading it before your post. sdr got ya covered.
SD Realtor
ParticipantOCR sorry for not responding as I kind of bailed on this thread and stopped reading it before your post. sdr got ya covered.
SD Realtor
ParticipantOCR sorry for not responding as I kind of bailed on this thread and stopped reading it before your post. sdr got ya covered.
SD Realtor
Participantozz you and me would be competing for the same home if west side of neptune hits 600k!
SD Realtor
-
AuthorPosts
