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SD Realtor
ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
ParticipantWhat you are seeing is the reality of the market as it stands today. SDAR has implemented an additional classification for homes that are on the MLS called Contingent. This classification shall be designated for homes that have an offer accepted by the seller on a short sale but NOT YET accepted by the lender. These homes used to be classified as Actives but that is not the case anymore. Even with homes that are still Actives, many of them indeed are short sales and they also have offers into the lender. However they have not been accepted by the seller. Thus you can still put an offer in on them. You can also still put in an offer on a home that is in the Contingent status as well. Your offer may simply be a backup. Lots of people back out of short sales.
The bottom line is that nothing has changed, it is just advertised in a more representative manner. Third party sites like Zip and others need to figure out if and how they will display contingent listings now.
May 26, 2009 at 9:44 PM in reply to: curious about this property : 10861 Caminito Alto San Diego, CA 92131 #406025ParticipantWent back to beneficiary June 2008 for 428k. Purchased by investors for 390k in February. The homes in Huntington are squeezed in way way tight. I am sure the investors will make money on this deal but I am quite doubtful they will fetch asking price.
HOWEVER in this crazy market anything can happen. I certainly wouldn’t this price.
May 26, 2009 at 9:44 PM in reply to: curious about this property : 10861 Caminito Alto San Diego, CA 92131 #406270ParticipantWent back to beneficiary June 2008 for 428k. Purchased by investors for 390k in February. The homes in Huntington are squeezed in way way tight. I am sure the investors will make money on this deal but I am quite doubtful they will fetch asking price.
HOWEVER in this crazy market anything can happen. I certainly wouldn’t this price.
May 26, 2009 at 9:44 PM in reply to: curious about this property : 10861 Caminito Alto San Diego, CA 92131 #406512ParticipantWent back to beneficiary June 2008 for 428k. Purchased by investors for 390k in February. The homes in Huntington are squeezed in way way tight. I am sure the investors will make money on this deal but I am quite doubtful they will fetch asking price.
HOWEVER in this crazy market anything can happen. I certainly wouldn’t this price.
May 26, 2009 at 9:44 PM in reply to: curious about this property : 10861 Caminito Alto San Diego, CA 92131 #406573ParticipantWent back to beneficiary June 2008 for 428k. Purchased by investors for 390k in February. The homes in Huntington are squeezed in way way tight. I am sure the investors will make money on this deal but I am quite doubtful they will fetch asking price.
HOWEVER in this crazy market anything can happen. I certainly wouldn’t this price.
May 26, 2009 at 9:44 PM in reply to: curious about this property : 10861 Caminito Alto San Diego, CA 92131 #406721ParticipantWent back to beneficiary June 2008 for 428k. Purchased by investors for 390k in February. The homes in Huntington are squeezed in way way tight. I am sure the investors will make money on this deal but I am quite doubtful they will fetch asking price.
HOWEVER in this crazy market anything can happen. I certainly wouldn’t this price.
ParticipantSunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.
You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story.
ParticipantSunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.
You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story.
ParticipantSunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.
You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story.
ParticipantSunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.
You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story.
ParticipantSunny I think that from a tenant availability standpoint, utc will always be pretty flush. Ucsd is not the only provider as the golden triangle as well as all the scripps medical areas provide ample sources.
You need to define what your goal is. Is it cash flow or is it appreciation? Personally if I were to buy near utc right now it would be in the stock that exhibited more depreciation but that also had a lot lower overhead then Regents.If you are buying there to live then maybe that is another story.
May 25, 2009 at 1:19 PM in reply to: OT: Schwarzenegger proposes the complete elimination of all state welfare programs #405396ParticipantPatientrenter you hit that one out of the park. More defecit spending and more taxes.
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