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SD Realtor
Participantsdr I don’t think it is… I tried to go back and look for that post and then I went through my notes on that transaction. That deal was for a listing I had on Coban in 92114. I forgot the specifics of the deal but the shady guy who wanted to get the deal done was definitely not a realtor and he worked for some shaky place that just sounded bad… I think I put the name of it in my post but I am to lazy to fish around for it…
SD Realtor
ParticipantHmm… you must have the super secret MLS… Mine shows it as cancelled with a MT of 3 days, not 1 month. Yes it was a desperate short sale that hit the MLS only a few days before the trustee sale…
Also what fun, you get to have HWY 56 AND a bonus, the offramp as your neighbor right outside your backyard!!
Agreed that this is not a deal, even at 420k I would have definitely passed on this. So the auction winning bid was 520k PLUS the 5% winning bid premium meaning the buyer will pay 546k…pass…
SD Realtor
ParticipantHmm… you must have the super secret MLS… Mine shows it as cancelled with a MT of 3 days, not 1 month. Yes it was a desperate short sale that hit the MLS only a few days before the trustee sale…
Also what fun, you get to have HWY 56 AND a bonus, the offramp as your neighbor right outside your backyard!!
Agreed that this is not a deal, even at 420k I would have definitely passed on this. So the auction winning bid was 520k PLUS the 5% winning bid premium meaning the buyer will pay 546k…pass…
SD Realtor
ParticipantHmm… you must have the super secret MLS… Mine shows it as cancelled with a MT of 3 days, not 1 month. Yes it was a desperate short sale that hit the MLS only a few days before the trustee sale…
Also what fun, you get to have HWY 56 AND a bonus, the offramp as your neighbor right outside your backyard!!
Agreed that this is not a deal, even at 420k I would have definitely passed on this. So the auction winning bid was 520k PLUS the 5% winning bid premium meaning the buyer will pay 546k…pass…
SD Realtor
ParticipantHawk are you sure about that? How does the tenant get a free 9-12 months in the case of a trustee sale? I know of a case right now where the lender is evicting the tenants.
Anyways good for you seerless. You have played the cards in a smart manner the past few years. It doesn’t sound like there is a NOD on the property yet is there?
SD Realtor
ParticipantHawk are you sure about that? How does the tenant get a free 9-12 months in the case of a trustee sale? I know of a case right now where the lender is evicting the tenants.
Anyways good for you seerless. You have played the cards in a smart manner the past few years. It doesn’t sound like there is a NOD on the property yet is there?
SD Realtor
ParticipantHawk are you sure about that? How does the tenant get a free 9-12 months in the case of a trustee sale? I know of a case right now where the lender is evicting the tenants.
Anyways good for you seerless. You have played the cards in a smart manner the past few years. It doesn’t sound like there is a NOD on the property yet is there?
SD Realtor
ParticipantOh yeah you have to chew gum and rub your tummy at the same time…
Seriously though that is odd. So you chose a zip code, entered the min and max close of escrow dates, and then hit statistics right? Then you should get a little table with min, avg, and max in it. Then select avg and paste it in here. When you paste it each field with have a carraige return so you have to back space them to get them all on the same line. Slight manual labor…still a no go?
ParticipantOh yeah you have to chew gum and rub your tummy at the same time…
Seriously though that is odd. So you chose a zip code, entered the min and max close of escrow dates, and then hit statistics right? Then you should get a little table with min, avg, and max in it. Then select avg and paste it in here. When you paste it each field with have a carraige return so you have to back space them to get them all on the same line. Slight manual labor…still a no go?
ParticipantOh yeah you have to chew gum and rub your tummy at the same time…
Seriously though that is odd. So you chose a zip code, entered the min and max close of escrow dates, and then hit statistics right? Then you should get a little table with min, avg, and max in it. Then select avg and paste it in here. When you paste it each field with have a carraige return so you have to back space them to get them all on the same line. Slight manual labor…still a no go?
ParticipantSDC this home was an oddity. AN is like a hawk and he is has a keen eye on both Mira Mesa and Penasquitos. A few weeks back he noticed 13078 Texana on the MLS but it was cancelled after only 3 days. It was listed at 450k!!! So yeah the fact that it went for 520k is heartening but I was hoping to see it go alot lower then that.
Also right now 12967 Texana is pending at a list price of 550k. This is an REO as well.
Finally another problem with auctions is that home sellers are generally not aware of them. When they are presented comps the comps are generally MLS resale comps. Auctions are not on the MLS as sold properties. So the agent would have to comb through tax records to find the auctioned comps. Also bonehead sellers would always find a million reasons to say why their home is the the shniznet compared to an auctioned home… they will get it someday though…
SD Realtor
ParticipantSDC this home was an oddity. AN is like a hawk and he is has a keen eye on both Mira Mesa and Penasquitos. A few weeks back he noticed 13078 Texana on the MLS but it was cancelled after only 3 days. It was listed at 450k!!! So yeah the fact that it went for 520k is heartening but I was hoping to see it go alot lower then that.
Also right now 12967 Texana is pending at a list price of 550k. This is an REO as well.
Finally another problem with auctions is that home sellers are generally not aware of them. When they are presented comps the comps are generally MLS resale comps. Auctions are not on the MLS as sold properties. So the agent would have to comb through tax records to find the auctioned comps. Also bonehead sellers would always find a million reasons to say why their home is the the shniznet compared to an auctioned home… they will get it someday though…
SD Realtor
ParticipantSDC this home was an oddity. AN is like a hawk and he is has a keen eye on both Mira Mesa and Penasquitos. A few weeks back he noticed 13078 Texana on the MLS but it was cancelled after only 3 days. It was listed at 450k!!! So yeah the fact that it went for 520k is heartening but I was hoping to see it go alot lower then that.
Also right now 12967 Texana is pending at a list price of 550k. This is an REO as well.
Finally another problem with auctions is that home sellers are generally not aware of them. When they are presented comps the comps are generally MLS resale comps. Auctions are not on the MLS as sold properties. So the agent would have to comb through tax records to find the auctioned comps. Also bonehead sellers would always find a million reasons to say why their home is the the shniznet compared to an auctioned home… they will get it someday though…
SD Realtor
ParticipantAN our Texana property went? Hmmm… 520 huh? Crap…
Seems like there were a few actual buyers…
SD Realtor
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