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SD Realtor
ParticipantI had a client and he was a pretty hard nosed real estate attorney. A really good guy. Someone who went to the foreclosure auction and wanted to get out of their contract asked me what to do about it and I referred that person to him. I do not know if she contacted him but if you want I can email you his information. I know he is working with someone who locked into one of the ballpark condos downtown last year and they are REALLY trying to get out of their contract because they put 60k down and the developer is saying no way out.
SD Realtor
ParticipantSorry Caly I am all discombobulated today. The park on the south side of Calle Cristobal overlooks Lopez Canyon. In fact it is called Lopez Canyon park… doh! The canyon north of Calle Cristobal on the east end near Camino Ruiz is the Penasquitos Preserve. That new (well more then a year old now) park overlooking the preserve (which is a great park to take the kids to) is the park where my wife saw some illegals one time. The other park to the west overlooking Lopez is where we have seen some more kid/hood types but very sparingly and at night. Probably ghosts of myself in my high school days.
SD Realtor
ParticipantSorry Caly I am all discombobulated today. The park on the south side of Calle Cristobal overlooks Lopez Canyon. In fact it is called Lopez Canyon park… doh! The canyon north of Calle Cristobal on the east end near Camino Ruiz is the Penasquitos Preserve. That new (well more then a year old now) park overlooking the preserve (which is a great park to take the kids to) is the park where my wife saw some illegals one time. The other park to the west overlooking Lopez is where we have seen some more kid/hood types but very sparingly and at night. Probably ghosts of myself in my high school days.
SD Realtor
ParticipantDDM –
If you want to post your email I can email you a complete analysis. Briefly, I looked at the listing. The home has only been on the market a few days AND the financing that they have or shall I say the recorded mortgages do not seem to indicate they are in a distressed state. Also there are not any records of them having listed and/or expired or cancelled as far back as 1/1/06. My point there is that it may be tough to get them to negotiate much below the asking price but it is ALWAYS worth trying.
From a price per square foot point of view the price they are asking is a little rich compared to other homes in the same mapcode. Again, I can do a more thorough analysis late night if you want.
Generally that side of PQ is less desireable due to the age of the housing stock. While they do share Poway schools they are older then the homes on the west side of PQ and a bit smaller as well. Also there are some nice view lots on the west side of PQ that pull the median up. As you get more and more west side and run into Torrey Highlands and stuff off Entreken you really can get pricey. As for the crime, well we had a post not long ago talking about PQ crime. I think the most undesireable spot in PQ is that northeast section. There was alot of discussion about that, and there is some low end housing over there that most likely could contribute to the problem. I have not heard of as many problems over where you are looking on Via Del Valedor.
SD Realtor
ParticipantDDM –
If you want to post your email I can email you a complete analysis. Briefly, I looked at the listing. The home has only been on the market a few days AND the financing that they have or shall I say the recorded mortgages do not seem to indicate they are in a distressed state. Also there are not any records of them having listed and/or expired or cancelled as far back as 1/1/06. My point there is that it may be tough to get them to negotiate much below the asking price but it is ALWAYS worth trying.
From a price per square foot point of view the price they are asking is a little rich compared to other homes in the same mapcode. Again, I can do a more thorough analysis late night if you want.
Generally that side of PQ is less desireable due to the age of the housing stock. While they do share Poway schools they are older then the homes on the west side of PQ and a bit smaller as well. Also there are some nice view lots on the west side of PQ that pull the median up. As you get more and more west side and run into Torrey Highlands and stuff off Entreken you really can get pricey. As for the crime, well we had a post not long ago talking about PQ crime. I think the most undesireable spot in PQ is that northeast section. There was alot of discussion about that, and there is some low end housing over there that most likely could contribute to the problem. I have not heard of as many problems over where you are looking on Via Del Valedor.
SD Realtor
ParticipantLike I said, Jim is a good guy. I like him and ran into him a few months ago at an open house. His site is informative and I even have had a client or two who talked to him.
Jim I expect my referral check to be in the mail.
SD Realtor
ParticipantLike I said, Jim is a good guy. I like him and ran into him a few months ago at an open house. His site is informative and I even have had a client or two who talked to him.
Jim I expect my referral check to be in the mail.
SD Realtor
ParticipantJG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.
Rus thanks for the comps. Your posts have been very insightful and I have benefitted from them to. Next time there is a Piggington meeting you and I can get sdr to buy us a drink.
SD Realtor
ParticipantJG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.
Rus thanks for the comps. Your posts have been very insightful and I have benefitted from them to. Next time there is a Piggington meeting you and I can get sdr to buy us a drink.
SD Realtor
ParticipantBeaks it is not easy.
However, as Perry said if you have a true hardship case, loss of a job, or some sort of serious personal tragedy, your odds go way up. If not, then it will be a tough pull… for a few hundred bucks it may be worth your time to talk to an attorney, have the attorney send a nice letter to the sales office. That will be far more effective then anything you could do on your home, (if it would work at all) or as Perry said, go through the motions and bring em to small claims court.
SD Realtor
ParticipantBeaks it is not easy.
However, as Perry said if you have a true hardship case, loss of a job, or some sort of serious personal tragedy, your odds go way up. If not, then it will be a tough pull… for a few hundred bucks it may be worth your time to talk to an attorney, have the attorney send a nice letter to the sales office. That will be far more effective then anything you could do on your home, (if it would work at all) or as Perry said, go through the motions and bring em to small claims court.
SD Realtor
Participantddm –
11039 Del Diablo – Sold in 9/06 for 520k like you said. Prior to that was on the market and expired. It was listed at 649k and then expired at a price of 575k-599k. Looks like the new owners financed it with a first of 416k and a second of 52k. Now they are on the market as of a few days ago for 589-604k. So the price declines that were made were substantial but not uncalled for. First off 649k for that size home in that part of RP was ridiculous to begin with. Also the original listing expired then the home was relisted, so the price declines reflect poor pricing to begin with more then anything else. Remember, many sellers think the home they live in is always worth more then market comps.
I do not believe these guys (the buyers) are flippers. Most flippers finance 100%, try to use as little money as possible, and then fix the home up etc, then try to get more then what they bought it for. These guys did do some fixing up as stated in the comments but it just doesn’t smell like a flipper situation to me. Also by 9/06 many flippers already saw the market was header for the toilet as we were well into the decline with a horrid summer.
Now you lost me on the Deron property. I see that on May 30 2007 13281 Deron closed escrow at a price of 550k. Is this the property you are referring to? Also this home hit the market in April and it was listed at 535k-550k and went into escrow after about 6 days and closed at 550k.
Let me know if I screwed up. I could not find a 450k sale on Deron.
SD Realtor
Participantddm –
11039 Del Diablo – Sold in 9/06 for 520k like you said. Prior to that was on the market and expired. It was listed at 649k and then expired at a price of 575k-599k. Looks like the new owners financed it with a first of 416k and a second of 52k. Now they are on the market as of a few days ago for 589-604k. So the price declines that were made were substantial but not uncalled for. First off 649k for that size home in that part of RP was ridiculous to begin with. Also the original listing expired then the home was relisted, so the price declines reflect poor pricing to begin with more then anything else. Remember, many sellers think the home they live in is always worth more then market comps.
I do not believe these guys (the buyers) are flippers. Most flippers finance 100%, try to use as little money as possible, and then fix the home up etc, then try to get more then what they bought it for. These guys did do some fixing up as stated in the comments but it just doesn’t smell like a flipper situation to me. Also by 9/06 many flippers already saw the market was header for the toilet as we were well into the decline with a horrid summer.
Now you lost me on the Deron property. I see that on May 30 2007 13281 Deron closed escrow at a price of 550k. Is this the property you are referring to? Also this home hit the market in April and it was listed at 535k-550k and went into escrow after about 6 days and closed at 550k.
Let me know if I screwed up. I could not find a 450k sale on Deron.
SD Realtor
ParticipantLS I am not sure why you so upset…
1 – Constantly repeating things is part of the life of being a poster. People come and go, the same questions are asked, etc…
2 – I don’t really agree with the statement “many of you on this board are threatened by the probable price declines…” I am still trying to figure out which people on this board don’t actually agree that the declines are indeed coming. In fact I think the majority of people believe there will be a decline and that it will be severe. I think it will severe, I think it will happen.
3 – Being challenged is the price of entry right? People jump all over me when I give my infamous soap opera statements about it being okay to buy for different reasons if you factor out the economics. I repeat myself a million times… it is just what it is ya know? You are right, you don’t need to waste your time defending what you say, I agree….if you want to walk out in a huff then so be it.
4 – Just roll with it, post it, defend it, whatever… don’t sweat it…
This blog would suck if we all agreed on everything.
SD Realtor
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