Awash With Choices
Posted By Jim the Realtor On October 31, 2009 @ 7:22 am In Jim TV,REOs for sale,Short Sales,Thinking of Buying?,Thinking of Selling? | 17 Comments
Another new listing, a short sale, popped up on the ER golf course yesterday, and while it seems we’re spending an inordinate amount of time in the ‘hood, it makes for a good example of what could be brewing on a street or area near you.
As a homebuyer, when you see FIVE distressed properties on the market at virtually the same time, does that make you want to step up, or back off?
Especially when you see a mix like this:
| REO or SS | Street | Sq. Ft. | Previous Sale | List Price | Status |
| REO | Spanish | 4,237sf | $1.535 8/04 | $989,100 | CONT |
| SS | Cypress | 4,612sf | $1.069 8/03 | $995,000 | CONT |
| REO | Paseo | 4,318sf | $1.780 4/04 | $1,196,800 | ACT |
| SS | Cypress | 4,294sf | $1.600 5/05 | $1,200,000 | ACT |
| REO | Paseo | 5,177sf | $1.950 6/04 | $1,255,900 | SOLD 10/10/09 $1,256,000 |
CONT = Offer(s) in, contingent on bank approval
The $200,000+ variance in the list prices doesn’t help, and with four left to choose from, which one do you pick? Or does the market freeze up?
Here’s the latest video:
Happy Halloween!
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