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SD Realtor
ParticipantNeophyte there is absolutely nothing wrong with attending the trustee sale and learning how the process runs. Just remember, you are swimming with the sharks. There are more then a few experts who have made ALOT of money attending trustee sales and procurring property. These guys do the homework and have pretty strong resources to make sure that they are not buying a turd. Even with that, every now and then they get stuck with a turd anyways.
So the reality is, if you are very serious about the process, you should attend them, see how they work and check it out. Like anything else, you CAN find a good deal, but it is not like, okay I will find a home, get it at the trustee sale and walk away with a bargain.
Real professionals find homes in distress, contact the owners, and try to get the home before it goes to auction. Again, it is alot of legwork, alot of time and energy but that is where bargains are had. You can learn about the home, check it out, get inspections done, etc… You pick and choose homes that have decent equity… yada yada… Again, it takes more work then just saying I am gonna go to a trustee sale and find the home. However if you are serious about it, then yeah you may find a good bargain. Just don’t limit yourself to going to the auctions.
SD Realtor
ParticipantNeophyte there is absolutely nothing wrong with attending the trustee sale and learning how the process runs. Just remember, you are swimming with the sharks. There are more then a few experts who have made ALOT of money attending trustee sales and procurring property. These guys do the homework and have pretty strong resources to make sure that they are not buying a turd. Even with that, every now and then they get stuck with a turd anyways.
So the reality is, if you are very serious about the process, you should attend them, see how they work and check it out. Like anything else, you CAN find a good deal, but it is not like, okay I will find a home, get it at the trustee sale and walk away with a bargain.
Real professionals find homes in distress, contact the owners, and try to get the home before it goes to auction. Again, it is alot of legwork, alot of time and energy but that is where bargains are had. You can learn about the home, check it out, get inspections done, etc… You pick and choose homes that have decent equity… yada yada… Again, it takes more work then just saying I am gonna go to a trustee sale and find the home. However if you are serious about it, then yeah you may find a good bargain. Just don’t limit yourself to going to the auctions.
SD Realtor
ParticipantI bet the home will get bid up by multiple offers. However yeah I would bet the lender is looking for at least 500k for it. You never know though. Have your realtor call the listing agent to see if they have offers on it already.
SD Realtor
ParticipantI bet the home will get bid up by multiple offers. However yeah I would bet the lender is looking for at least 500k for it. You never know though. Have your realtor call the listing agent to see if they have offers on it already.
SD Realtor
ParticipantI bet the home will get bid up by multiple offers. However yeah I would bet the lender is looking for at least 500k for it. You never know though. Have your realtor call the listing agent to see if they have offers on it already.
SD Realtor
ParticipantI bet the home will get bid up by multiple offers. However yeah I would bet the lender is looking for at least 500k for it. You never know though. Have your realtor call the listing agent to see if they have offers on it already.
SD Realtor
ParticipantI bet the home will get bid up by multiple offers. However yeah I would bet the lender is looking for at least 500k for it. You never know though. Have your realtor call the listing agent to see if they have offers on it already.
SD Realtor
ParticipantHard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.
In the long run I think it will come down.
SD Realtor
ParticipantHard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.
In the long run I think it will come down.
SD Realtor
ParticipantHard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.
In the long run I think it will come down.
SD Realtor
ParticipantHard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.
In the long run I think it will come down.
SD Realtor
ParticipantHard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.
In the long run I think it will come down.
SD Realtor
ParticipantI believe the first hearing for this plan is April 9th. No it is not a joke.
SD Realtor
ParticipantI believe the first hearing for this plan is April 9th. No it is not a joke.
SD Realtor
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