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SD Realtor
ParticipantThe biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.
One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.
You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.
As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.
I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.
SD Realtor
ParticipantThe biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.
One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.
You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.
As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.
I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.
SD Realtor
ParticipantThe biggest question in my book is the interest rate effect on housing prices. On the one hand I do not see significant levels of higher rates in the short term. Thus the effect on housing prices should be nominal. However if we shift the conversation into a double digit rate environment then I think the depreciation on housing prices will indeed be significant. It also seems to me that all things being equal sub 200 ppsf in stonebridge seems unlikely in a reasonable rate environment.
One thing you mentioned will definitely touch a nerve here. To think that you saw strong activity in december for 800k homes probably doesn’t sit well with a lot of piggs. the amount of money out there is staggering and flies in the face of the finite buyers pool that many people subscribe to.
You characterized scripps well. Sounds like some of the homes south of pomerado may work for you but even many of those do not have the yard size you like.
As for us we would like some land as well and poway suits us a bit better but the places we like are out of our price range. We are okay with an older house but not mr fees so stonebridge is not on our radar.
I am not validating or arguing the pros and cons of the purchase. Don’t forget about the sunrise power link either. Seems like you place a high value on the premium for home ownership. Trying to wait out the mystical bottom (which to me seems farther off now then it did to me back in 2007) has just burned many buyers out. Sounds like you have been looking for quite awhile and you found something you really like.
SD Realtor
ParticipantYes –
That some listings that are on the MLS as Active are not really active. They either are not having any more showings and/or are not taking any more offers. Then there are the short sales offered by some of the bulk brokerages, where they are listed as active, they have already submitted offers to the lender and they will simply collect offers. Once the lender responds back they will counter all offers with highest and best, then select one.
SD Realtor
ParticipantYes –
That some listings that are on the MLS as Active are not really active. They either are not having any more showings and/or are not taking any more offers. Then there are the short sales offered by some of the bulk brokerages, where they are listed as active, they have already submitted offers to the lender and they will simply collect offers. Once the lender responds back they will counter all offers with highest and best, then select one.
SD Realtor
ParticipantYes –
That some listings that are on the MLS as Active are not really active. They either are not having any more showings and/or are not taking any more offers. Then there are the short sales offered by some of the bulk brokerages, where they are listed as active, they have already submitted offers to the lender and they will simply collect offers. Once the lender responds back they will counter all offers with highest and best, then select one.
SD Realtor
ParticipantYes –
That some listings that are on the MLS as Active are not really active. They either are not having any more showings and/or are not taking any more offers. Then there are the short sales offered by some of the bulk brokerages, where they are listed as active, they have already submitted offers to the lender and they will simply collect offers. Once the lender responds back they will counter all offers with highest and best, then select one.
SD Realtor
ParticipantYes –
That some listings that are on the MLS as Active are not really active. They either are not having any more showings and/or are not taking any more offers. Then there are the short sales offered by some of the bulk brokerages, where they are listed as active, they have already submitted offers to the lender and they will simply collect offers. Once the lender responds back they will counter all offers with highest and best, then select one.
SD Realtor
ParticipantAs discussed in the previous thread on this topic, approach the owners and try to strike a deal with them on a short sale. If you really love the place try to make some sacrifices to them to incentivize them to go with you. Make it worth their while. Approaching them is not going to be easy, people in distress are very challenging to deal with and often feel victimized even if it is their own fault. So when a complete stranger approaches them to offer much less then the debt they have in exchange for the keys to their home, more often then not the result is a negative outcome. However if you can have some form or discourse with them then you can try to convince them to sell the home short. They will most likely want to select their own agent, and if they do that then their agent will most likely tell them to put it on the open market instead of limiting the transaction to just you. So you need to be very persuasive or make it worth their while or hope that they are boobs.
Alternately you can see if it will go to foreclosure and if it does then try to get a hard money loan, buy it at the auction, wait 6 months, then refinance the home with a standard mortgage to pay off your hard money loan. If that is the route then offer the owners some money to see if you can perform an inspection on the home and make sure you do all of the title checks and such.
SD Realtor
ParticipantAs discussed in the previous thread on this topic, approach the owners and try to strike a deal with them on a short sale. If you really love the place try to make some sacrifices to them to incentivize them to go with you. Make it worth their while. Approaching them is not going to be easy, people in distress are very challenging to deal with and often feel victimized even if it is their own fault. So when a complete stranger approaches them to offer much less then the debt they have in exchange for the keys to their home, more often then not the result is a negative outcome. However if you can have some form or discourse with them then you can try to convince them to sell the home short. They will most likely want to select their own agent, and if they do that then their agent will most likely tell them to put it on the open market instead of limiting the transaction to just you. So you need to be very persuasive or make it worth their while or hope that they are boobs.
Alternately you can see if it will go to foreclosure and if it does then try to get a hard money loan, buy it at the auction, wait 6 months, then refinance the home with a standard mortgage to pay off your hard money loan. If that is the route then offer the owners some money to see if you can perform an inspection on the home and make sure you do all of the title checks and such.
SD Realtor
ParticipantAs discussed in the previous thread on this topic, approach the owners and try to strike a deal with them on a short sale. If you really love the place try to make some sacrifices to them to incentivize them to go with you. Make it worth their while. Approaching them is not going to be easy, people in distress are very challenging to deal with and often feel victimized even if it is their own fault. So when a complete stranger approaches them to offer much less then the debt they have in exchange for the keys to their home, more often then not the result is a negative outcome. However if you can have some form or discourse with them then you can try to convince them to sell the home short. They will most likely want to select their own agent, and if they do that then their agent will most likely tell them to put it on the open market instead of limiting the transaction to just you. So you need to be very persuasive or make it worth their while or hope that they are boobs.
Alternately you can see if it will go to foreclosure and if it does then try to get a hard money loan, buy it at the auction, wait 6 months, then refinance the home with a standard mortgage to pay off your hard money loan. If that is the route then offer the owners some money to see if you can perform an inspection on the home and make sure you do all of the title checks and such.
SD Realtor
ParticipantAs discussed in the previous thread on this topic, approach the owners and try to strike a deal with them on a short sale. If you really love the place try to make some sacrifices to them to incentivize them to go with you. Make it worth their while. Approaching them is not going to be easy, people in distress are very challenging to deal with and often feel victimized even if it is their own fault. So when a complete stranger approaches them to offer much less then the debt they have in exchange for the keys to their home, more often then not the result is a negative outcome. However if you can have some form or discourse with them then you can try to convince them to sell the home short. They will most likely want to select their own agent, and if they do that then their agent will most likely tell them to put it on the open market instead of limiting the transaction to just you. So you need to be very persuasive or make it worth their while or hope that they are boobs.
Alternately you can see if it will go to foreclosure and if it does then try to get a hard money loan, buy it at the auction, wait 6 months, then refinance the home with a standard mortgage to pay off your hard money loan. If that is the route then offer the owners some money to see if you can perform an inspection on the home and make sure you do all of the title checks and such.
SD Realtor
ParticipantAs discussed in the previous thread on this topic, approach the owners and try to strike a deal with them on a short sale. If you really love the place try to make some sacrifices to them to incentivize them to go with you. Make it worth their while. Approaching them is not going to be easy, people in distress are very challenging to deal with and often feel victimized even if it is their own fault. So when a complete stranger approaches them to offer much less then the debt they have in exchange for the keys to their home, more often then not the result is a negative outcome. However if you can have some form or discourse with them then you can try to convince them to sell the home short. They will most likely want to select their own agent, and if they do that then their agent will most likely tell them to put it on the open market instead of limiting the transaction to just you. So you need to be very persuasive or make it worth their while or hope that they are boobs.
Alternately you can see if it will go to foreclosure and if it does then try to get a hard money loan, buy it at the auction, wait 6 months, then refinance the home with a standard mortgage to pay off your hard money loan. If that is the route then offer the owners some money to see if you can perform an inspection on the home and make sure you do all of the title checks and such.
December 5, 2009 at 1:26 PM in reply to: Will La Costa Town Square be a Net Positive to LC Oaks & Surrounding Properties #490451SD Realtor
Participantsdr I would assume that the homeowners at the east part of La Costa Oaks up on the hill that have that peek a boo view down the valley to the ocean are none to happy about the development. I don’t know the height of the town square but I think it will be smack in the middle of some of those views won’t it?
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