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SD Realtor
ParticipantHi Amy
SD Realtor here (as opposed to sdr). sdr is smack in the middle of that north county coastal and he is quite adept with those neighborhoods. I know them and have done work in them but have nowhere near the daily background that he does with those areas. I am more familiar as you head south down and also out on the I15 corridor east.
I agree with the assessment of Del Sur and Santa Luz. They are nice areas and IMO nicer then say the 4S Ranch bucket of homes. However as sdr said, they have hefty overhead with Mello Roos and HOA fees. Also for the price range you have mentioned I think you can get closer to the coast. The size of the yard and the school districts will be challenging. Solana Beach has older housing stock. If you are selective you will be able to find something you like in your price range with a large lot. My wife and I frequently look there but only in our dreams because of the prices. At your price range you can definitely find something there. The view thing is a possibility. In Carmel Valley so much of it is cookie cutter but there are older parts of CV to the west and north that may indeed fit your criteria. To be more specific there is a nice subdivision off of El Camino Real, north of Del Mar Heights road known as the Heights. These homes average about 2500 square feet but have no Mello Roos and about a 70 per month HOA. Lots sizes are okay, anywhere from 6000-9000 sf..not huge but you get a fair sized yard depending on the orientation of the home. Schools are good, and proximity to the coast blows away anything like Del Sur, or Santa Luz. Finally in that price range you have there is a possibility of getting something like Cardiff as well… again, the lot size (specially on the west of 5) is speculative.
sdr – what about something for here down towards the open space where El Camino dumps to Manchester? I don’t know that area to well. I am sure you know it better but it seems like there is some cool stuff tucked away back there that has more personality then Olivenhain… or am I mistaken.
SD Realtor
ParticipantExcellent presentation nsr… You can also make a projection of REOs by taking say …35% of the NODs or something like that.
SD Realtor
ParticipantExcellent presentation nsr… You can also make a projection of REOs by taking say …35% of the NODs or something like that.
SD Realtor
ParticipantExcellent presentation nsr… You can also make a projection of REOs by taking say …35% of the NODs or something like that.
SD Realtor
ParticipantHi Amy –
First things first… is there any chance you can renew the lease for another year come March? I only say that because in my humble opinion, the more desireable areas such as those you mentioned are stickier on the way down then other less desireable homes. So if your lease is up in 09 verses 08, you will most likely find a better deal.
Now if that is not the case and you guys are really set on buying in 08, the next thing is, could you hold out until later in the summer verses in the spring? I say that because we generally see small cyclical upticks in the spring simply due to seasonal buyers tend to come out at that time. Inventory is usually well stocked in the springs and the most sought after homes tend to sell in this timeframe. So it is a kind of double edged sword, the most desireable homes tend to be available with the best inventory but the pricing is not the best. Some may argue that this spring may be different due to the depreciating market. That could be true but I envision this depreciating market to occur over a long stretch of time and the small cyclical bumps to still occur.
In terms of the areas you mentioned, I assume you want so stay somewhat coastal, but your choice is really going to be driven by the middle and upper level schools is that correct?
With that said, your choices seem pretty darn good… Have you considered south towards Solana Beach at all? Perhaps some of the older stock in Carmel Valley but finding a home with nobody behind you is tough there. I think your best bet per your description is some of the homes in that South Carlsbad and La Costa area but you need to make sure the schools are what you prefer.
SD Realtor
ParticipantHi Amy –
First things first… is there any chance you can renew the lease for another year come March? I only say that because in my humble opinion, the more desireable areas such as those you mentioned are stickier on the way down then other less desireable homes. So if your lease is up in 09 verses 08, you will most likely find a better deal.
Now if that is not the case and you guys are really set on buying in 08, the next thing is, could you hold out until later in the summer verses in the spring? I say that because we generally see small cyclical upticks in the spring simply due to seasonal buyers tend to come out at that time. Inventory is usually well stocked in the springs and the most sought after homes tend to sell in this timeframe. So it is a kind of double edged sword, the most desireable homes tend to be available with the best inventory but the pricing is not the best. Some may argue that this spring may be different due to the depreciating market. That could be true but I envision this depreciating market to occur over a long stretch of time and the small cyclical bumps to still occur.
In terms of the areas you mentioned, I assume you want so stay somewhat coastal, but your choice is really going to be driven by the middle and upper level schools is that correct?
With that said, your choices seem pretty darn good… Have you considered south towards Solana Beach at all? Perhaps some of the older stock in Carmel Valley but finding a home with nobody behind you is tough there. I think your best bet per your description is some of the homes in that South Carlsbad and La Costa area but you need to make sure the schools are what you prefer.
SD Realtor
ParticipantHi Amy –
First things first… is there any chance you can renew the lease for another year come March? I only say that because in my humble opinion, the more desireable areas such as those you mentioned are stickier on the way down then other less desireable homes. So if your lease is up in 09 verses 08, you will most likely find a better deal.
Now if that is not the case and you guys are really set on buying in 08, the next thing is, could you hold out until later in the summer verses in the spring? I say that because we generally see small cyclical upticks in the spring simply due to seasonal buyers tend to come out at that time. Inventory is usually well stocked in the springs and the most sought after homes tend to sell in this timeframe. So it is a kind of double edged sword, the most desireable homes tend to be available with the best inventory but the pricing is not the best. Some may argue that this spring may be different due to the depreciating market. That could be true but I envision this depreciating market to occur over a long stretch of time and the small cyclical bumps to still occur.
In terms of the areas you mentioned, I assume you want so stay somewhat coastal, but your choice is really going to be driven by the middle and upper level schools is that correct?
With that said, your choices seem pretty darn good… Have you considered south towards Solana Beach at all? Perhaps some of the older stock in Carmel Valley but finding a home with nobody behind you is tough there. I think your best bet per your description is some of the homes in that South Carlsbad and La Costa area but you need to make sure the schools are what you prefer.
SD Realtor
ParticipantEccen way to hang in there… I have had a few lowballs refused as well…
The mountain view property sold for 675k and closed escrow on 8/3/07. The buyer put down 325 in cash and financed the rest with a 350k mortgage.
SD Realtor
ParticipantEccen way to hang in there… I have had a few lowballs refused as well…
The mountain view property sold for 675k and closed escrow on 8/3/07. The buyer put down 325 in cash and financed the rest with a 350k mortgage.
SD Realtor
ParticipantEccen way to hang in there… I have had a few lowballs refused as well…
The mountain view property sold for 675k and closed escrow on 8/3/07. The buyer put down 325 in cash and financed the rest with a 350k mortgage.
SD Realtor
ParticipantSomeone was a moron back in 2005 for 750k!!
SD Realtor
ParticipantSomeone was a moron back in 2005 for 750k!!
SD Realtor
ParticipantSomeone was a moron back in 2005 for 750k!!
SD Realtor
ParticipantGood for you rube.
SD Realtor
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