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SD Realtor
ParticipantDrunkle it is the price of admission for renting in Scripps. I live a few miles from that neighborhood, a much older subdivision east of that home in old scripps but have a large home on a large lot and am paying 2500 a month… You can find some lower priced places but not much if you want to rent a larger home with a larger lot.
SD Realtor
ParticipantHi Bob –
Hope things are going well for ya… I don’t think I recall where you purchased but I thought it was here in Scripps wasn’t it? Anyways we are getting ready to run the kids to the beach so I can’t run a full analysis of this home. Yeah I think it could well below 1M in the next few years. It was purchased in 2001 for 750k so if things really fall apart then yeah it could get there or lower. I find it WAY hard to believe they will get anything close to what they are asking. The view is nice but misleading because they get MONSTER traffic noise from Scripps Ranch Blvd. You can see the tip of the traffic light at Overlook Park in the lower left hand side of the picture if you click on the pics to enlarge it. While that view is nice I would rather take the ocean view on the other side of that hill. The problem with the ocean view though is you have I15 noise on that side in many of those lots. Not all of them but many of them.
SD Realtor
ParticipantHi Bob –
Hope things are going well for ya… I don’t think I recall where you purchased but I thought it was here in Scripps wasn’t it? Anyways we are getting ready to run the kids to the beach so I can’t run a full analysis of this home. Yeah I think it could well below 1M in the next few years. It was purchased in 2001 for 750k so if things really fall apart then yeah it could get there or lower. I find it WAY hard to believe they will get anything close to what they are asking. The view is nice but misleading because they get MONSTER traffic noise from Scripps Ranch Blvd. You can see the tip of the traffic light at Overlook Park in the lower left hand side of the picture if you click on the pics to enlarge it. While that view is nice I would rather take the ocean view on the other side of that hill. The problem with the ocean view though is you have I15 noise on that side in many of those lots. Not all of them but many of them.
SD Realtor
June 10, 2007 at 10:12 AM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #58200Participantbuyorhold –
I would imagine this “loan person” is someone who works for the preferred lender who you were forced to use if you wanted to collect the incentives. Am I correct?
Also I would imagine that they will float your loan rate, until the close of escrow? Did you guys get the program where you lock in the rate now and then have 1 option to grab a lower rate if they go down?
Anyways, I am sorry to hear of your predicament. How long ago did you sign loan docs? When is close of escrow?
SD Realtor
June 10, 2007 at 10:12 AM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #58227Participantbuyorhold –
I would imagine this “loan person” is someone who works for the preferred lender who you were forced to use if you wanted to collect the incentives. Am I correct?
Also I would imagine that they will float your loan rate, until the close of escrow? Did you guys get the program where you lock in the rate now and then have 1 option to grab a lower rate if they go down?
Anyways, I am sorry to hear of your predicament. How long ago did you sign loan docs? When is close of escrow?
SD Realtor
Participantdisasta –
As a renter with pets and kids, it is always a stressful time when the landlord comes over. Anyone with an infant turning to a toddler knows that a child this age works over a home to say the least. There are splorch spots all over the rug… we try to take care of them as fast as possible but it is impossible. Of course we will get the run professionally cleaned when we leave but still. As clean as we try to keep the house, again, our kids are like 1 and 2 so invariably it looks like somewhat of a tornado…We take good care of the lawn but we have large dogs and they are female… anyone with large female dogs knows that they will spot up a lawn no matter what…One digs a little bit as well… It is just little things like this that landlords don’t like to see.
So I know what eccen is saying. Now being a landlord I understand as well… I go over to my tenants in Talmadge, they are a couple of men who have been together for many years and rented out my place 2 years ago. No kids, no pets… to say they keep the place impecable is an understatement. Now I go to my place in Crown Point, young couple with a baby and two dogs… I CRINGE everytime I go there.
I don’t know if I would call it second class citizenship but I do know what eccen means. Also having 3 landlords in the past 3 years has been quite a chore.
For some people it is much easier to rent then for others.
SD Realtor
Participantdisasta –
As a renter with pets and kids, it is always a stressful time when the landlord comes over. Anyone with an infant turning to a toddler knows that a child this age works over a home to say the least. There are splorch spots all over the rug… we try to take care of them as fast as possible but it is impossible. Of course we will get the run professionally cleaned when we leave but still. As clean as we try to keep the house, again, our kids are like 1 and 2 so invariably it looks like somewhat of a tornado…We take good care of the lawn but we have large dogs and they are female… anyone with large female dogs knows that they will spot up a lawn no matter what…One digs a little bit as well… It is just little things like this that landlords don’t like to see.
So I know what eccen is saying. Now being a landlord I understand as well… I go over to my tenants in Talmadge, they are a couple of men who have been together for many years and rented out my place 2 years ago. No kids, no pets… to say they keep the place impecable is an understatement. Now I go to my place in Crown Point, young couple with a baby and two dogs… I CRINGE everytime I go there.
I don’t know if I would call it second class citizenship but I do know what eccen means. Also having 3 landlords in the past 3 years has been quite a chore.
For some people it is much easier to rent then for others.
SD Realtor
Participanteccen in esc –
I have a listing in Ramona right now. It is a nice home but it has been SITTING. I cannot stress to you how slow it is in the outlying areas. I know Pine Valley is not anywhere near Valley Center but I had a listing there last year that also sat. The owner then went from me to Keller Williams. Again, no activity and the seller lost the home due to foreclosure. Finally last year I got a call from a client who has a very high end home in Valley Center. We met last year and she didn’t list because I recommended a price to her that was unacceptable. I called her back a few weeks back just to check in as she told me to call her about a year after we met, and sure enough she said they now could not afford to sell so they are going to just ride it out.
So the bottom line is… Unless you are prepared to sit for several years, I would stay away or at least hold off.
By the way, I to am 100% sick of renting AND wife is ready to scalp me….
SD Realtor
Participanteccen in esc –
I have a listing in Ramona right now. It is a nice home but it has been SITTING. I cannot stress to you how slow it is in the outlying areas. I know Pine Valley is not anywhere near Valley Center but I had a listing there last year that also sat. The owner then went from me to Keller Williams. Again, no activity and the seller lost the home due to foreclosure. Finally last year I got a call from a client who has a very high end home in Valley Center. We met last year and she didn’t list because I recommended a price to her that was unacceptable. I called her back a few weeks back just to check in as she told me to call her about a year after we met, and sure enough she said they now could not afford to sell so they are going to just ride it out.
So the bottom line is… Unless you are prepared to sit for several years, I would stay away or at least hold off.
By the way, I to am 100% sick of renting AND wife is ready to scalp me….
SD Realtor
ParticipantI know Scripps all to well. You are not the dumb one, you are the smart one and the person who bought it is the dumb one. This home listed back in March for 1.229M and was on the market for 72 days and then expired. They relisted on May 20 at 1.148M and they got into escrow 9 days after that. We will see what they sold for when escrow closes.
They bought the home for 777,500. They financed 622k. Then they also took out 220k back in Feb of this year.
Don’t worry, you guys may end up buying a comparable for 300k less then what this guy paid for it if you can wait for a few years.
SD Realtor
ParticipantI know Scripps all to well. You are not the dumb one, you are the smart one and the person who bought it is the dumb one. This home listed back in March for 1.229M and was on the market for 72 days and then expired. They relisted on May 20 at 1.148M and they got into escrow 9 days after that. We will see what they sold for when escrow closes.
They bought the home for 777,500. They financed 622k. Then they also took out 220k back in Feb of this year.
Don’t worry, you guys may end up buying a comparable for 300k less then what this guy paid for it if you can wait for a few years.
SD Realtor
June 9, 2007 at 8:04 PM in reply to: Foreclosures affecting the market — coming soon to a town near you #58156ParticipantOkay sdr I will buy the beer…
you buy the bourbon and scotch…
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Bugs I am curious… I have also seen the nomenclature corporate owned.. I do not know what criteria you used in the search to gather your stats, (if you just looked in the remarks field and such) … but your numbers may even grow if you search on that string as well…
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SD RealtorJune 9, 2007 at 8:04 PM in reply to: Foreclosures affecting the market — coming soon to a town near you #58183ParticipantOkay sdr I will buy the beer…
you buy the bourbon and scotch…
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Bugs I am curious… I have also seen the nomenclature corporate owned.. I do not know what criteria you used in the search to gather your stats, (if you just looked in the remarks field and such) … but your numbers may even grow if you search on that string as well…
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SD RealtorParticipantBusiness is business… That is why as a landlord I would never rent to family or friends.
If you want to do your friend a little bit of a favor tell him you will offer him the 300k and you will buy the property without representation. Thus your friend will not have to pay the commissions to the buyers agent, nor will he have to pay the commissions of a buyers side to his listing agent. So you will be getting a better deal for your friend. Of course his listing agent may not like to do a transaction with a buyer who is not represented. This opens the listing agent up to liability issues.
Also don’t raise a stink if in the future you find out something bad about the property. It is entirely up to you to perform all the necessary due diligence without representation.
I have done a sale where I represented the listing side and the buyer was not represented. However the buyer was a contractor and he ended up doing more due diligence then many buyers I have seen represented by the big name full service brokerages. However, if it was just some guy on the other side, I probably would not risk it as a listing agent. To much to lose.
Anyways, you can give it a shot to see if it works. Can’t hurt right?
SD Realtor
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