Forum Replies Created
-
AuthorPosts
-
SD Realtor
Participantnoone your response makes alot of sense.
sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.
So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.
In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.
As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.
As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]
SD Realtor
Participantnoone your response makes alot of sense.
sanseeing, I know my answer was not pretty but it is the one that I personally would love to be able to live by. Unfortunately it is highly unlikely that I will be able to due to family needs but IF I had unlimited time then that is the strategy I would apply.
So your question about using past prices as a reference and factoring inflation into the mix makes alot of sense. However as noone pointed out, higher inflation also means less to spend on housing as well correct? I don’t know…if you analyze it to much, you start chasing your tail and you go nowhere. I have seen some posters do something like take 2001 prices and apply a 3% appreciation rate and that may be considered reasonable. Again, hard to say what works.
In the end, for me, all I can do is make sure I buy what I can afford and will hopefully not have regrets if/when the market goes down after I buy. If I can hold off until sometime into 09 that will be better then 08 but by no means will it be the bottom.
As far as RP/RB as reasonable alternatives to Scripps… well that is in the eye of the beholder yeah? Lots of people think so. I have no problems at all with either of them but personally I like Scripps a bit better. RB/RP get the Poway school district so the nod goes to them for that category. It really is personal taste. I lived in RP for awhile and had no problems with it at all. I have lots of friends that live in both places and like them.
As for measuring the depreciation of each neighborhood to compare to each other. If I didn’t alot other work to do I would do that and post tonite… However I am gonna procrastinate by reading a few more posts, run some simulations for my other job, do some more real estate work, then go to sleep. If you want shoot me some email and I will do it in the next few days. [email protected]
SD Realtor
ParticipantMan not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.
To all the other posts, I think that they are all pretty good.
Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.
So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.
If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.
SD Realtor
ParticipantMan not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.
To all the other posts, I think that they are all pretty good.
Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.
So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.
If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.
SD Realtor
ParticipantMan not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.
To all the other posts, I think that they are all pretty good.
Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.
So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.
If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.
SD Realtor
ParticipantMan not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.
To all the other posts, I think that they are all pretty good.
Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.
So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.
If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.
SD Realtor
ParticipantMan not being able to post until late every evening now is brutal. Lots to catch up on each nite. Farbet all of the outs include all of the contingencies that are specified in the Residential Purchase Agreement. These include right to cancel due to anything you find in the disclosures that you do not like, or a right to cancel based on ANY findings that you make during the due diligence period, or a right to cancel because you and the seller cannot agree on repairs you would like made, or a right to cancel because the home does not appraise, or a right to cancel because you could not get financing! Lots of them for a buyer to lean on and by cancelling before you remove the contingencies you should be getting your deposit back.
To all the other posts, I think that they are all pretty good.
Original poster if your realtor does not want to work on short sales then so be it. I will tell you that TODAY a buyer of mine had his escrow close and it WAS indeed a short sale. Another short sale where I am the listing agent is still going through processing.
So those who say short sales do not close are INCORRECT. If you have patience and I mean extraordinary patience, they can close.
If your happy with your agent then great, if not I am sure you can find another one up in Temecula who will work any sort of transaction for you.
SD Realtor
ParticipantTerrific post Raptor. It really is astounding how much money is out there on the sidelines. Question, have you been able to track the homes you did not get accepted on that did go into escrow just to see what they eventually did sell for?
Anyways, your example of patience has been one that many should take note of. One things ALWAYS rings true in real estate which is, there will always be another house on the market in the future.
SD Realtor
ParticipantTerrific post Raptor. It really is astounding how much money is out there on the sidelines. Question, have you been able to track the homes you did not get accepted on that did go into escrow just to see what they eventually did sell for?
Anyways, your example of patience has been one that many should take note of. One things ALWAYS rings true in real estate which is, there will always be another house on the market in the future.
SD Realtor
ParticipantTerrific post Raptor. It really is astounding how much money is out there on the sidelines. Question, have you been able to track the homes you did not get accepted on that did go into escrow just to see what they eventually did sell for?
Anyways, your example of patience has been one that many should take note of. One things ALWAYS rings true in real estate which is, there will always be another house on the market in the future.
SD Realtor
ParticipantTerrific post Raptor. It really is astounding how much money is out there on the sidelines. Question, have you been able to track the homes you did not get accepted on that did go into escrow just to see what they eventually did sell for?
Anyways, your example of patience has been one that many should take note of. One things ALWAYS rings true in real estate which is, there will always be another house on the market in the future.
SD Realtor
ParticipantTerrific post Raptor. It really is astounding how much money is out there on the sidelines. Question, have you been able to track the homes you did not get accepted on that did go into escrow just to see what they eventually did sell for?
Anyways, your example of patience has been one that many should take note of. One things ALWAYS rings true in real estate which is, there will always be another house on the market in the future.
SD Realtor
ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
-
AuthorPosts
