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SD Realtor
ParticipantI would agree with you blackbox. Some sellers are getting it by pricing low and getting bidding wars. I am sure that happened with this home. It will more then likely close at a higher then advertised price.
SD Realtor
ParticipantI would agree with you blackbox. Some sellers are getting it by pricing low and getting bidding wars. I am sure that happened with this home. It will more then likely close at a higher then advertised price.
SD Realtor
ParticipantJohnny I understand your question better with your more recent post. Unfortunately I am not aware of any of the details of any of the plans other then what is posted on line. I simply don’t have the time to delve into them.
I guess all I can say is that I do not feel that the government is providing what you termed an orderly revaluation of housing stock. To me the programs that have been put forth seem to fall in one of two categories, either politically motivated or totally reactionary and made to try to cushion Wall Street. As far as not putting to much of a burden on taxpayers…Well I guess that is a squishy statement right? Is that defined as less then 500B or a trillion B? Not that it matters anymore.
I think that there could have been more rational thought as to how to help find that orderly valuation then the way it has gone so far.
I don’t think I ever said I am sorry I have been renting. I don’t like renting, but I am not sorry. It just sucks that more of my tax money will be used to finance a beauracracy that will help to insure a loan that will need to rewritten and backed by the FHA.
SD Realtor
ParticipantJohnny I understand your question better with your more recent post. Unfortunately I am not aware of any of the details of any of the plans other then what is posted on line. I simply don’t have the time to delve into them.
I guess all I can say is that I do not feel that the government is providing what you termed an orderly revaluation of housing stock. To me the programs that have been put forth seem to fall in one of two categories, either politically motivated or totally reactionary and made to try to cushion Wall Street. As far as not putting to much of a burden on taxpayers…Well I guess that is a squishy statement right? Is that defined as less then 500B or a trillion B? Not that it matters anymore.
I think that there could have been more rational thought as to how to help find that orderly valuation then the way it has gone so far.
I don’t think I ever said I am sorry I have been renting. I don’t like renting, but I am not sorry. It just sucks that more of my tax money will be used to finance a beauracracy that will help to insure a loan that will need to rewritten and backed by the FHA.
SD Realtor
ParticipantJohnny I understand your question better with your more recent post. Unfortunately I am not aware of any of the details of any of the plans other then what is posted on line. I simply don’t have the time to delve into them.
I guess all I can say is that I do not feel that the government is providing what you termed an orderly revaluation of housing stock. To me the programs that have been put forth seem to fall in one of two categories, either politically motivated or totally reactionary and made to try to cushion Wall Street. As far as not putting to much of a burden on taxpayers…Well I guess that is a squishy statement right? Is that defined as less then 500B or a trillion B? Not that it matters anymore.
I think that there could have been more rational thought as to how to help find that orderly valuation then the way it has gone so far.
I don’t think I ever said I am sorry I have been renting. I don’t like renting, but I am not sorry. It just sucks that more of my tax money will be used to finance a beauracracy that will help to insure a loan that will need to rewritten and backed by the FHA.
SD Realtor
ParticipantJohnny I understand your question better with your more recent post. Unfortunately I am not aware of any of the details of any of the plans other then what is posted on line. I simply don’t have the time to delve into them.
I guess all I can say is that I do not feel that the government is providing what you termed an orderly revaluation of housing stock. To me the programs that have been put forth seem to fall in one of two categories, either politically motivated or totally reactionary and made to try to cushion Wall Street. As far as not putting to much of a burden on taxpayers…Well I guess that is a squishy statement right? Is that defined as less then 500B or a trillion B? Not that it matters anymore.
I think that there could have been more rational thought as to how to help find that orderly valuation then the way it has gone so far.
I don’t think I ever said I am sorry I have been renting. I don’t like renting, but I am not sorry. It just sucks that more of my tax money will be used to finance a beauracracy that will help to insure a loan that will need to rewritten and backed by the FHA.
SD Realtor
ParticipantJohnny I understand your question better with your more recent post. Unfortunately I am not aware of any of the details of any of the plans other then what is posted on line. I simply don’t have the time to delve into them.
I guess all I can say is that I do not feel that the government is providing what you termed an orderly revaluation of housing stock. To me the programs that have been put forth seem to fall in one of two categories, either politically motivated or totally reactionary and made to try to cushion Wall Street. As far as not putting to much of a burden on taxpayers…Well I guess that is a squishy statement right? Is that defined as less then 500B or a trillion B? Not that it matters anymore.
I think that there could have been more rational thought as to how to help find that orderly valuation then the way it has gone so far.
I don’t think I ever said I am sorry I have been renting. I don’t like renting, but I am not sorry. It just sucks that more of my tax money will be used to finance a beauracracy that will help to insure a loan that will need to rewritten and backed by the FHA.
SD Realtor
ParticipantEssentially you are simply asking to keep your loan contingency in effect until the day of funding. No need to negotiate a special clause. This is an available box you can check on page 1 of the Residential Purchase Agreement. Simply tell your realtor you want the loan contingency in effect until COE. He/she should know what to do. That way if you have not locked and rates skyrocket you will be fine.
I am curious though, you should be locked in within a few days after your offer is accepted unless you are buying a new home that is far from completion or you have an exceptionally long escrow.
SD Realtor
ParticipantEssentially you are simply asking to keep your loan contingency in effect until the day of funding. No need to negotiate a special clause. This is an available box you can check on page 1 of the Residential Purchase Agreement. Simply tell your realtor you want the loan contingency in effect until COE. He/she should know what to do. That way if you have not locked and rates skyrocket you will be fine.
I am curious though, you should be locked in within a few days after your offer is accepted unless you are buying a new home that is far from completion or you have an exceptionally long escrow.
SD Realtor
ParticipantEssentially you are simply asking to keep your loan contingency in effect until the day of funding. No need to negotiate a special clause. This is an available box you can check on page 1 of the Residential Purchase Agreement. Simply tell your realtor you want the loan contingency in effect until COE. He/she should know what to do. That way if you have not locked and rates skyrocket you will be fine.
I am curious though, you should be locked in within a few days after your offer is accepted unless you are buying a new home that is far from completion or you have an exceptionally long escrow.
SD Realtor
ParticipantEssentially you are simply asking to keep your loan contingency in effect until the day of funding. No need to negotiate a special clause. This is an available box you can check on page 1 of the Residential Purchase Agreement. Simply tell your realtor you want the loan contingency in effect until COE. He/she should know what to do. That way if you have not locked and rates skyrocket you will be fine.
I am curious though, you should be locked in within a few days after your offer is accepted unless you are buying a new home that is far from completion or you have an exceptionally long escrow.
SD Realtor
ParticipantEssentially you are simply asking to keep your loan contingency in effect until the day of funding. No need to negotiate a special clause. This is an available box you can check on page 1 of the Residential Purchase Agreement. Simply tell your realtor you want the loan contingency in effect until COE. He/she should know what to do. That way if you have not locked and rates skyrocket you will be fine.
I am curious though, you should be locked in within a few days after your offer is accepted unless you are buying a new home that is far from completion or you have an exceptionally long escrow.
SD Realtor
ParticipantSo really there is no argument that CV is not going to go down. Unfortunately we more then likely differ on when CV will go down and at what rate it will go down. Many people may make bold predictions and that is okay. I am actively searching for homes for a few people pretty much through the entire 92130 zip code, from as far west as the Heights to as far east as Del Sur.
Now as far as pricing and square footage, the bottom line is this; on the MLS, right now, for detached homes in 92130, there are NO homes at 2500 sf under 839k currently active for sale. Someone may have mentioned they saw 2500 sf homes in the mid 700’s but I don’t see that as of this moment on the MLS. I see a 2408 on African Holly Trail, 2413 on Roselle Meadows Trail, (both of these are at 745k) I see 2350 on Tarantella Lane at 759k and then 2775 sf on Torrey View for 839k. I see Benchley which is 2500 sf for 795k-845k.
I think that those who are seriously shopping for homes, who are making offers for them, who are really intending to buy, these folks are realizing the situation is different then for those who are “keeping thier eyes on the area” via looking at closed sales and such. Once more, it is a case of good deals but not good homes for the ones at the bottom tier pricing.
Will it change for the better? More then likely. Is that change imminent. In my opinion not really imminent but 18-24 months in wall time for real estate is not that long to wait.
SD Realtor
ParticipantSo really there is no argument that CV is not going to go down. Unfortunately we more then likely differ on when CV will go down and at what rate it will go down. Many people may make bold predictions and that is okay. I am actively searching for homes for a few people pretty much through the entire 92130 zip code, from as far west as the Heights to as far east as Del Sur.
Now as far as pricing and square footage, the bottom line is this; on the MLS, right now, for detached homes in 92130, there are NO homes at 2500 sf under 839k currently active for sale. Someone may have mentioned they saw 2500 sf homes in the mid 700’s but I don’t see that as of this moment on the MLS. I see a 2408 on African Holly Trail, 2413 on Roselle Meadows Trail, (both of these are at 745k) I see 2350 on Tarantella Lane at 759k and then 2775 sf on Torrey View for 839k. I see Benchley which is 2500 sf for 795k-845k.
I think that those who are seriously shopping for homes, who are making offers for them, who are really intending to buy, these folks are realizing the situation is different then for those who are “keeping thier eyes on the area” via looking at closed sales and such. Once more, it is a case of good deals but not good homes for the ones at the bottom tier pricing.
Will it change for the better? More then likely. Is that change imminent. In my opinion not really imminent but 18-24 months in wall time for real estate is not that long to wait.
SD Realtor
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