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urbanrealtor
Participant[quote=UCGal]If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.[/quote]
No I don’t think so.
Its only offering 2% to the buyer agent and the listing agent is the new owner. Figure that they made 2.5% when they bought it (for cash) and are losing about 3% max between escrow, title, and buyer agent commissions. Thats a net cost of .5% max between the 2 transactions.
Still a lot less than the 20-40K that they are making. Figure that comes out to 18k-38k depending on offer (in a space of 10 weeks).
And I really don’t think its remodeled between 2 weeks ago and now.
Participant[quote=scaredycat]I don’t remember seeing articles on the frontpage of websites like this 5 years ago:
is this a trend indicator?[/quote]
So its not an original comment but I really think these articles should have been more common 5 years ago.
Participant[quote=scaredycat]I don’t remember seeing articles on the frontpage of websites like this 5 years ago:
is this a trend indicator?[/quote]
So its not an original comment but I really think these articles should have been more common 5 years ago.
Participant[quote=scaredycat]I don’t remember seeing articles on the frontpage of websites like this 5 years ago:
is this a trend indicator?[/quote]
So its not an original comment but I really think these articles should have been more common 5 years ago.
Participant[quote=scaredycat]I don’t remember seeing articles on the frontpage of websites like this 5 years ago:
is this a trend indicator?[/quote]
So its not an original comment but I really think these articles should have been more common 5 years ago.
Participant[quote=scaredycat]I don’t remember seeing articles on the frontpage of websites like this 5 years ago:
is this a trend indicator?[/quote]
So its not an original comment but I really think these articles should have been more common 5 years ago.
Participant[quote=sd_matt]Wow
I was shocked at El Cortez’s HOA of around $600. Don’t quote me though.
What ever happened with Smart Corner? I think it is that one with the trolley going through it. It advertised for a second auction or sale.[/quote]
Funny you should ask.
I just spoke with the new listing agent there.
Basically, they have reworked things with the bank.
(and I don’t know if that means they are bank-owned or if the developers bulk-sold the remaining units or the developers just worked something out)
They are now selling as fha-capable units and selling every unsold unit there.
The new sales (they had tenants but not owners in them) are now under-cutting the short resales.
Man, I would be PISSED if I bought there a couple years ago (as one agent friend of mine did).Participant[quote=sd_matt]Wow
I was shocked at El Cortez’s HOA of around $600. Don’t quote me though.
What ever happened with Smart Corner? I think it is that one with the trolley going through it. It advertised for a second auction or sale.[/quote]
Funny you should ask.
I just spoke with the new listing agent there.
Basically, they have reworked things with the bank.
(and I don’t know if that means they are bank-owned or if the developers bulk-sold the remaining units or the developers just worked something out)
They are now selling as fha-capable units and selling every unsold unit there.
The new sales (they had tenants but not owners in them) are now under-cutting the short resales.
Man, I would be PISSED if I bought there a couple years ago (as one agent friend of mine did).Participant[quote=sd_matt]Wow
I was shocked at El Cortez’s HOA of around $600. Don’t quote me though.
What ever happened with Smart Corner? I think it is that one with the trolley going through it. It advertised for a second auction or sale.[/quote]
Funny you should ask.
I just spoke with the new listing agent there.
Basically, they have reworked things with the bank.
(and I don’t know if that means they are bank-owned or if the developers bulk-sold the remaining units or the developers just worked something out)
They are now selling as fha-capable units and selling every unsold unit there.
The new sales (they had tenants but not owners in them) are now under-cutting the short resales.
Man, I would be PISSED if I bought there a couple years ago (as one agent friend of mine did).Participant[quote=sd_matt]Wow
I was shocked at El Cortez’s HOA of around $600. Don’t quote me though.
What ever happened with Smart Corner? I think it is that one with the trolley going through it. It advertised for a second auction or sale.[/quote]
Funny you should ask.
I just spoke with the new listing agent there.
Basically, they have reworked things with the bank.
(and I don’t know if that means they are bank-owned or if the developers bulk-sold the remaining units or the developers just worked something out)
They are now selling as fha-capable units and selling every unsold unit there.
The new sales (they had tenants but not owners in them) are now under-cutting the short resales.
Man, I would be PISSED if I bought there a couple years ago (as one agent friend of mine did).Participant[quote=sd_matt]Wow
I was shocked at El Cortez’s HOA of around $600. Don’t quote me though.
What ever happened with Smart Corner? I think it is that one with the trolley going through it. It advertised for a second auction or sale.[/quote]
Funny you should ask.
I just spoke with the new listing agent there.
Basically, they have reworked things with the bank.
(and I don’t know if that means they are bank-owned or if the developers bulk-sold the remaining units or the developers just worked something out)
They are now selling as fha-capable units and selling every unsold unit there.
The new sales (they had tenants but not owners in them) are now under-cutting the short resales.
Man, I would be PISSED if I bought there a couple years ago (as one agent friend of mine did).January 28, 2010 at 5:29 PM in reply to: Do I need a permit to put up a yurt in my backyard? #506707Participantbest topic ever
January 28, 2010 at 5:29 PM in reply to: Do I need a permit to put up a yurt in my backyard? #506856Participantbest topic ever
January 28, 2010 at 5:29 PM in reply to: Do I need a permit to put up a yurt in my backyard? #507264Participantbest topic ever
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