[sdrealtor]

FYI, title insurance rates are on file with the Insurance Commissioner and if they are cutting you a deal, odds are very good they are violating the law. If someone offers you a great deal get it in writing and find out what kind of policy you are getting. I’d make sure it’s a Homeowner’s Policy (ALTA HOP). Much of the price cutting comes at the expense of getting lesser coverage.

I have also heard many stories of promises made that were undeliverable at closing time. If you are going to transfer the house into a trust make sure you include that in your shopping. Most policies become invalid when you transfer ownership even if its only into a personal trust.

[sdrealtor]

I’d plan on spending at least $10K unless he wants something real bare bones. If it’s less he’ll be pleasantly surprised and if he wants more that his option. Dont forget low voltage lighting out back. You spend most daylight hours working and the best times you will enjoy your backyard are at night.

[sdrealtor]

I’d plan on spending at least $10K unless he wants something real bare bones. If it’s less he’ll be pleasantly surprised and if he wants more that his option. Dont forget low voltage lighting out back. You spend most daylight hours working and the best times you will enjoy your backyard are at night.

[sdrealtor]

🙂

[sdrealtor]

🙂

[sdrealtor]

Update time!

Short sales 3,361 up from 3,231.

Countywide we are at 18,975 essentially flat from 18,955 last week. My guess is that we are at peak inventory based upon prior year patterns.

Look for the divergence between the two data points to continue to grow.

Yesterday I saw a stat in the UT that 17% of closed sales in June were at prices below the purchase price. Throw in selling costs and I wouldnt be surprised if 25% of June sellers had capital losses.

[sdrealtor]

Update time!

Short sales 3,361 up from 3,231.

Countywide we are at 18,975 essentially flat from 18,955 last week. My guess is that we are at peak inventory based upon prior year patterns.

Look for the divergence between the two data points to continue to grow.

Yesterday I saw a stat in the UT that 17% of closed sales in June were at prices below the purchase price. Throw in selling costs and I wouldnt be surprised if 25% of June sellers had capital losses.

[sdrealtor]

If he’s buying new this is what I did. Dont be the first in the neighborhood to put your landscaping. Watch your neighbors and see which landscapers show up up everyday, continually make progress, dont disappear for a month or tow and do a good job. Talk to your neighbors after they are finished and see who liked their landscaper. Stay away from the most expensive and the cheapest if you can.

[sdrealtor]

If he’s buying new this is what I did. Dont be the first in the neighborhood to put your landscaping. Watch your neighbors and see which landscapers show up up everyday, continually make progress, dont disappear for a month or tow and do a good job. Talk to your neighbors after they are finished and see who liked their landscaper. Stay away from the most expensive and the cheapest if you can.

[sdrealtor]

No problem. I take nothing here personally and am only here to learn and hopefully share what I have learned.

[sdrealtor]

No problem. I take nothing here personally and am only here to learn and hopefully share what I have learned.

[sdrealtor]

Rustico,
I post on this board with the full knowledge of two things. First, no one on this board will ever be a client of mine unless it happens by pure coincidence through contact outside of this forum. Second, my comments toward the folks around here are based upon the assumption that most will not and should not be buying in the next 24 months. Dont think for a second that I am advocating home buying to anyone here. As for Chris’s decision, his was based upon finding something he could afford, loved, could reside in 10+ years and for him the price was reasonable by some metric which he considered relevant.

With that said, I carry with me an understanding of RE purchases that most here (not including you or SD R) cannot appreciate. Having spent thousands of hours looking at properties I see how challenging it is to find a home they like regardless of price. Not matter teh price, it is always alot of money to the buiyer. Spending $1M on a home is alot of money but in my mind spending $100,000 on home is too. How many times do people spend that kind of money on anything in their lives?

I hope that everyone here ultimately ends up living in a home they love and believe that hardworking, honest familes/individuals deserve that. From what I have seen the last year, the quality of the inventory is declining dramatically. When the bottom hits, the quality will likely be worse. The point of my original post is that people need to focus on more than catching the bottom.

[sdrealtor]

Rustico,
I post on this board with the full knowledge of two things. First, no one on this board will ever be a client of mine unless it happens by pure coincidence through contact outside of this forum. Second, my comments toward the folks around here are based upon the assumption that most will not and should not be buying in the next 24 months. Dont think for a second that I am advocating home buying to anyone here. As for Chris’s decision, his was based upon finding something he could afford, loved, could reside in 10+ years and for him the price was reasonable by some metric which he considered relevant.

With that said, I carry with me an understanding of RE purchases that most here (not including you or SD R) cannot appreciate. Having spent thousands of hours looking at properties I see how challenging it is to find a home they like regardless of price. Not matter teh price, it is always alot of money to the buiyer. Spending $1M on a home is alot of money but in my mind spending $100,000 on home is too. How many times do people spend that kind of money on anything in their lives?

I hope that everyone here ultimately ends up living in a home they love and believe that hardworking, honest familes/individuals deserve that. From what I have seen the last year, the quality of the inventory is declining dramatically. When the bottom hits, the quality will likely be worse. The point of my original post is that people need to focus on more than catching the bottom.

[sdrealtor]

Rustico
I think its time for you to revisit the “What is your household income” thread. The vast majority of those on this board are not median wage earners. This board is dominated by highly paid professionals and upwardly mobile young professionals who are on their way to becoming the former. Personally, I believe they should be able to get something they “love”!
sdr

[sdrealtor]

Rustico
I think its time for you to revisit the “What is your household income” thread. The vast majority of those on this board are not median wage earners. This board is dominated by highly paid professionals and upwardly mobile young professionals who are on their way to becoming the former. Personally, I believe they should be able to get something they “love”!
sdr

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