If you are picky about what you’re going to buy, and will only offer on quality properties that are priced attractively, then you need to have an effective bidding-war strategy.
Practice on this one!
Leave your guess on what the sales price will be in the comment section. The closest guesser will receive dinner for two at the oceanfront Marine Room down the street!
Here is the link to our previous full tour of the property.
Today I was on the first broker preview of the year (filming “Ride Along with JtR”), when I came across this REO in Del Mar Heights. The assistant was running open house, and said it had just been inputted onto the MLS – but it’s not on the open market as of this printing.
I think she said that the price will be $1,749,000 – it was listed for $3,295,000 in summer of 2010.
It has its quirks, and could sit for weeks or months without selling. But we saw how hot the 92014 has been lately (2011 sales were +62% higher than in 2010, and pricing was +4%) so it could go flying off the market, because everyone wants a bank deal in Del Mar Heights!
It sold for $2,200,000 in 2005, and financed 90%, but the opening bid at November’s trustee sale was only $1,464,750.
Leave your price in the comment section, and the closest guesser will receive four tickets to the swanky Del Mar Turf Club for one day during the season (July 18th – Sept. 5th). You’ll have your own table with TV to watch the races and replays, plus waitress service! Or, if you prefer a more casual day, (guys have to wear coats in the Club), the winner can select Choice 1A; four box seats near the finish line, also with waitress service.
If you haven’t visited for a couple of days, keep scrolling down to our latest contest – and guess the sales price of the REO in Carmel Valley, which will register you to win Chargers tickets. If you’re wondering where others have sat, here is the photo sent in by the last winner, Daniel (theotherone):
Here’s a new REO listing with some pop in Carmel Valley.
Guess the sales price in the comment section, and the closest will win tickets to a Chargers game – it might be one of the last times to see them play in San Diego!
On April 18th we began our contest of guessing the sales price of the Convenant Giveaway.
It sold for $1,225,000 cash!
We have a tie between:
Daniel (theotherone), who guessed $1,200,000, and
College Joe, who guessed $1,250,000.
Congratulations to both - we’ll double the prize package and give one to each: Two VIP tickets to the Fiesta Del Sol this weekend, four Padres tickets, plus bubbleinfo t-shirts and coffee mugs!
The list of guesses are in the comment section – thanks to all for participating!
Predict the eventual sales price, and the closest will win a bubbleinfo t-shirt and pens, Padres tickets, plus an assorted gift package valued at somewhere under a million dollars!
I tell sellers to price their listing aggressively to elicit offers from all the hungry buyers looking for a deal, and start a bidding war. Instead, almost all prefer the old-fashioned way and list with a higher price, expecting to come down later once the listing becomes stale and the buyers have forgotten all about you. Here’s another example of how beautifully the former works.
There were seven all-cash offers submitted on the roach, and there could have been another 4-5 but I was telling agents how high they’d have to come in to win. Bank of America requested the highest-and-best offer from each, which sent the bidding even higher.
Congraulations to Gav, the closest guesser! Hopefully the Padres make the playoffs!
Here’s a link to the list of guesses, and the previous youtube that shows the interior:
The final guesses are in for the sales price of La Cucharacha, listed for $114,900 – see comments for the list.
Six all-cash offers have been submitted so far!
BofA will be requesting their ‘highest-and-best’ offer on Monday, once the listing has been on the MLS for their minimum 3 days. It looks like it’s going to end up over $140,000!
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