[SD Realtor]

Okay update time. I am going to cut down on reporting how many new actives/pendings come out and just keep reporting the totals as well as how many of the sales are shorts or REOs. Way to much manual work.

3/26/08

4S Ranch

-43 actives (14 shorts, 4 REO) Most of the SS have offers according to the comments.
-11 pendings (4 shorts)
-3 solds since 3/6/08. None of them were shorts or REO.

active to pending ratio has actually improved slightly since last stats were taken.

****************

3/26/08

92130

173 actives (5 short, 3REO)
43 pendings (3 short 2 REO)
16 solds since 3/7. (1 short, 2 REO)

Musings… Mesa Norte ended up going for 1.775M.

SD Realtor

[SD Realtor]

Okay update time. I am going to cut down on reporting how many new actives/pendings come out and just keep reporting the totals as well as how many of the sales are shorts or REOs. Way to much manual work.

3/26/08

4S Ranch

-43 actives (14 shorts, 4 REO) Most of the SS have offers according to the comments.
-11 pendings (4 shorts)
-3 solds since 3/6/08. None of them were shorts or REO.

active to pending ratio has actually improved slightly since last stats were taken.

****************

3/26/08

92130

173 actives (5 short, 3REO)
43 pendings (3 short 2 REO)
16 solds since 3/7. (1 short, 2 REO)

Musings… Mesa Norte ended up going for 1.775M.

SD Realtor

[SD Realtor]

Okay update time. I am going to cut down on reporting how many new actives/pendings come out and just keep reporting the totals as well as how many of the sales are shorts or REOs. Way to much manual work.

3/26/08

4S Ranch

-43 actives (14 shorts, 4 REO) Most of the SS have offers according to the comments.
-11 pendings (4 shorts)
-3 solds since 3/6/08. None of them were shorts or REO.

active to pending ratio has actually improved slightly since last stats were taken.

****************

3/26/08

92130

173 actives (5 short, 3REO)
43 pendings (3 short 2 REO)
16 solds since 3/7. (1 short, 2 REO)

Musings… Mesa Norte ended up going for 1.775M.

SD Realtor

[SD Realtor]

Hi theasian1 –

Unfortunately I don’t have a login for ZIP so I am not sure what listing you mean. However you didn’t tell me how your agent came about advising you in the manner he did. Did he call to find out about the asking price or not? Also many short sales, many many many short sales that are listed as active actually DO have offers into the lenders right now.

SD Realtor

[SD Realtor]

Hi theasian1 –

Unfortunately I don’t have a login for ZIP so I am not sure what listing you mean. However you didn’t tell me how your agent came about advising you in the manner he did. Did he call to find out about the asking price or not? Also many short sales, many many many short sales that are listed as active actually DO have offers into the lenders right now.

SD Realtor

[SD Realtor]

Hi theasian1 –

Unfortunately I don’t have a login for ZIP so I am not sure what listing you mean. However you didn’t tell me how your agent came about advising you in the manner he did. Did he call to find out about the asking price or not? Also many short sales, many many many short sales that are listed as active actually DO have offers into the lenders right now.

SD Realtor

[SD Realtor]

Hi theasian1 –

Unfortunately I don’t have a login for ZIP so I am not sure what listing you mean. However you didn’t tell me how your agent came about advising you in the manner he did. Did he call to find out about the asking price or not? Also many short sales, many many many short sales that are listed as active actually DO have offers into the lenders right now.

SD Realtor

[SD Realtor]

Hi theasian1 –

Unfortunately I don’t have a login for ZIP so I am not sure what listing you mean. However you didn’t tell me how your agent came about advising you in the manner he did. Did he call to find out about the asking price or not? Also many short sales, many many many short sales that are listed as active actually DO have offers into the lenders right now.

SD Realtor

[SD Realtor]

Ok here are the most recent 15 sales of detached homes in PQ.

12274 Darkwood not recorded yet
7063 Cantaberra 855k financed 684k dp 171k
9151 Truman 665k financed 0 full cash deal
7408 Via Cresta 720k financed 540k dp 180k
11220 Del Diablo 465k financed 418.5k dp 46.5k
12775 Calle De Las Rosas 450k financed 390k dp 60k
12614 La Tortola 602k financed 302k dp 300k
8925 Rotherham 710k financed 532.5 dp 177.5k
13973 Byrn Glen Court 750k financed 506.25k dp 243.75k
9368 Hito Ct 670k financed 502.5k dp 167.5k
12476 Texana 525k financed 498.75 dp 26.25k
8790 Donaker 628k financed 398k dp 230k
13278 Deron 525k financed 417k dp 108k
12220 Pipit 700k financed 560k dp 140k
14415 Janal Way 594k financed 417k dp 177k

So as anyone here can see, the statistics are staggering in favor of people coming up with 20% down. I gave up long long ago trying to figure out how/where people come up with money. It is the same thing as other facets of the real estate market…. Why are people buying right now. Why do people do what they do? It doesn’t matter right?

As far as homebuilders stocks going up… well many of those stocks were at or near book value. I know for a fact that KHOV is more then a little distressed and they could very well go under.

Your strategy is quite sound DW, you will do fine as long as the rate of housing depreciation outpaces inflation.

Those that contend, “where will people get the money for a downpayment” and nobody can afford a big dp, well I don’t really buy into that. The market will go down simply because of a lack of demand. While the demand is lacking because of prices being out of whack, it doesn’t imply that people don’t have the money, it is simply that those with the money are being prudent. Also yes a component of that demand that helped inflate the bubble, heavily financed buyers has for the most part been removed, and will hopefully stay removed.

SD Realtor

[SD Realtor]

Ok here are the most recent 15 sales of detached homes in PQ.

12274 Darkwood not recorded yet
7063 Cantaberra 855k financed 684k dp 171k
9151 Truman 665k financed 0 full cash deal
7408 Via Cresta 720k financed 540k dp 180k
11220 Del Diablo 465k financed 418.5k dp 46.5k
12775 Calle De Las Rosas 450k financed 390k dp 60k
12614 La Tortola 602k financed 302k dp 300k
8925 Rotherham 710k financed 532.5 dp 177.5k
13973 Byrn Glen Court 750k financed 506.25k dp 243.75k
9368 Hito Ct 670k financed 502.5k dp 167.5k
12476 Texana 525k financed 498.75 dp 26.25k
8790 Donaker 628k financed 398k dp 230k
13278 Deron 525k financed 417k dp 108k
12220 Pipit 700k financed 560k dp 140k
14415 Janal Way 594k financed 417k dp 177k

So as anyone here can see, the statistics are staggering in favor of people coming up with 20% down. I gave up long long ago trying to figure out how/where people come up with money. It is the same thing as other facets of the real estate market…. Why are people buying right now. Why do people do what they do? It doesn’t matter right?

As far as homebuilders stocks going up… well many of those stocks were at or near book value. I know for a fact that KHOV is more then a little distressed and they could very well go under.

Your strategy is quite sound DW, you will do fine as long as the rate of housing depreciation outpaces inflation.

Those that contend, “where will people get the money for a downpayment” and nobody can afford a big dp, well I don’t really buy into that. The market will go down simply because of a lack of demand. While the demand is lacking because of prices being out of whack, it doesn’t imply that people don’t have the money, it is simply that those with the money are being prudent. Also yes a component of that demand that helped inflate the bubble, heavily financed buyers has for the most part been removed, and will hopefully stay removed.

SD Realtor

[SD Realtor]

Ok here are the most recent 15 sales of detached homes in PQ.

12274 Darkwood not recorded yet
7063 Cantaberra 855k financed 684k dp 171k
9151 Truman 665k financed 0 full cash deal
7408 Via Cresta 720k financed 540k dp 180k
11220 Del Diablo 465k financed 418.5k dp 46.5k
12775 Calle De Las Rosas 450k financed 390k dp 60k
12614 La Tortola 602k financed 302k dp 300k
8925 Rotherham 710k financed 532.5 dp 177.5k
13973 Byrn Glen Court 750k financed 506.25k dp 243.75k
9368 Hito Ct 670k financed 502.5k dp 167.5k
12476 Texana 525k financed 498.75 dp 26.25k
8790 Donaker 628k financed 398k dp 230k
13278 Deron 525k financed 417k dp 108k
12220 Pipit 700k financed 560k dp 140k
14415 Janal Way 594k financed 417k dp 177k

So as anyone here can see, the statistics are staggering in favor of people coming up with 20% down. I gave up long long ago trying to figure out how/where people come up with money. It is the same thing as other facets of the real estate market…. Why are people buying right now. Why do people do what they do? It doesn’t matter right?

As far as homebuilders stocks going up… well many of those stocks were at or near book value. I know for a fact that KHOV is more then a little distressed and they could very well go under.

Your strategy is quite sound DW, you will do fine as long as the rate of housing depreciation outpaces inflation.

Those that contend, “where will people get the money for a downpayment” and nobody can afford a big dp, well I don’t really buy into that. The market will go down simply because of a lack of demand. While the demand is lacking because of prices being out of whack, it doesn’t imply that people don’t have the money, it is simply that those with the money are being prudent. Also yes a component of that demand that helped inflate the bubble, heavily financed buyers has for the most part been removed, and will hopefully stay removed.

SD Realtor

[SD Realtor]

Ok here are the most recent 15 sales of detached homes in PQ.

12274 Darkwood not recorded yet
7063 Cantaberra 855k financed 684k dp 171k
9151 Truman 665k financed 0 full cash deal
7408 Via Cresta 720k financed 540k dp 180k
11220 Del Diablo 465k financed 418.5k dp 46.5k
12775 Calle De Las Rosas 450k financed 390k dp 60k
12614 La Tortola 602k financed 302k dp 300k
8925 Rotherham 710k financed 532.5 dp 177.5k
13973 Byrn Glen Court 750k financed 506.25k dp 243.75k
9368 Hito Ct 670k financed 502.5k dp 167.5k
12476 Texana 525k financed 498.75 dp 26.25k
8790 Donaker 628k financed 398k dp 230k
13278 Deron 525k financed 417k dp 108k
12220 Pipit 700k financed 560k dp 140k
14415 Janal Way 594k financed 417k dp 177k

So as anyone here can see, the statistics are staggering in favor of people coming up with 20% down. I gave up long long ago trying to figure out how/where people come up with money. It is the same thing as other facets of the real estate market…. Why are people buying right now. Why do people do what they do? It doesn’t matter right?

As far as homebuilders stocks going up… well many of those stocks were at or near book value. I know for a fact that KHOV is more then a little distressed and they could very well go under.

Your strategy is quite sound DW, you will do fine as long as the rate of housing depreciation outpaces inflation.

Those that contend, “where will people get the money for a downpayment” and nobody can afford a big dp, well I don’t really buy into that. The market will go down simply because of a lack of demand. While the demand is lacking because of prices being out of whack, it doesn’t imply that people don’t have the money, it is simply that those with the money are being prudent. Also yes a component of that demand that helped inflate the bubble, heavily financed buyers has for the most part been removed, and will hopefully stay removed.

SD Realtor

[SD Realtor]

Ok here are the most recent 15 sales of detached homes in PQ.

12274 Darkwood not recorded yet
7063 Cantaberra 855k financed 684k dp 171k
9151 Truman 665k financed 0 full cash deal
7408 Via Cresta 720k financed 540k dp 180k
11220 Del Diablo 465k financed 418.5k dp 46.5k
12775 Calle De Las Rosas 450k financed 390k dp 60k
12614 La Tortola 602k financed 302k dp 300k
8925 Rotherham 710k financed 532.5 dp 177.5k
13973 Byrn Glen Court 750k financed 506.25k dp 243.75k
9368 Hito Ct 670k financed 502.5k dp 167.5k
12476 Texana 525k financed 498.75 dp 26.25k
8790 Donaker 628k financed 398k dp 230k
13278 Deron 525k financed 417k dp 108k
12220 Pipit 700k financed 560k dp 140k
14415 Janal Way 594k financed 417k dp 177k

So as anyone here can see, the statistics are staggering in favor of people coming up with 20% down. I gave up long long ago trying to figure out how/where people come up with money. It is the same thing as other facets of the real estate market…. Why are people buying right now. Why do people do what they do? It doesn’t matter right?

As far as homebuilders stocks going up… well many of those stocks were at or near book value. I know for a fact that KHOV is more then a little distressed and they could very well go under.

Your strategy is quite sound DW, you will do fine as long as the rate of housing depreciation outpaces inflation.

Those that contend, “where will people get the money for a downpayment” and nobody can afford a big dp, well I don’t really buy into that. The market will go down simply because of a lack of demand. While the demand is lacking because of prices being out of whack, it doesn’t imply that people don’t have the money, it is simply that those with the money are being prudent. Also yes a component of that demand that helped inflate the bubble, heavily financed buyers has for the most part been removed, and will hopefully stay removed.

SD Realtor

[SD Realtor]

Rus and deal hunter spelled it out very well and I agree with them. I will say that you can do pretty good on a short sale but you need patience patience patience. Any buyers that I work with that like short sales get the same advice… make your offer, then forget you ever made the offer…go look at other homes.

Your realtor should have already answered all the questions you posted here. Make sure they are experienced with short sales. If they have short sale listings that they are trying to sell that is the best way for them to get acquainted with the short sale process.

You also should consider that you may get a good deal now, you may get a great deal if you wait another few years.

SD Realtor

[SD Realtor]

Rus and deal hunter spelled it out very well and I agree with them. I will say that you can do pretty good on a short sale but you need patience patience patience. Any buyers that I work with that like short sales get the same advice… make your offer, then forget you ever made the offer…go look at other homes.

Your realtor should have already answered all the questions you posted here. Make sure they are experienced with short sales. If they have short sale listings that they are trying to sell that is the best way for them to get acquainted with the short sale process.

You also should consider that you may get a good deal now, you may get a great deal if you wait another few years.

SD Realtor

[Author]

Posts