Thinking about moving to the country, yet not too far out? How about a newer 3,110sf custom home in the foothills of Vista? My new listing, please take it easy on me: From Sunset magazine: ZONE 23. Thermal Belts of Southern California's Coastal Region Growing...
Month: September 2009
Reasonable In The Ranch!
Areas like Rancho Santa Fe are prime for sellers who list at reasonable prices. The REOs look GREAT when there are so many houses not selling (344 detached active listings today in the Ranch), and besides, everyone in Rancho Santa Fe wants to steal one from the bank!...
Investor Beware
Lately, there have been a number of inquiries about investing in real estate. Even though there is some frothy-ness going around, be careful! Below is an extreme example, but demonstrates how quick, and how bad, a deal can go wrong for a participant, in this case the...
More Touring of REOs
A few more bank-owneds in Del Mar, Solana Beach, and Encinitas in this youtube video:
Previewing Carlsbad REOs
While this is supposed to be a tour of mid-market REOs, there is a 4,745sf bomber slipped in that will help demonstrate the substitution effect. Last year there was a $1.895 million cash sale on Amber Lane, and two others are for sale now for $2 million. But now that...
Sex-Pot
Hard to put a value on this dazzling opportunity:
More BR Action
We've been following the BR/Model Homes Partners debacle for years now. In 2005, a group of lawyers from Orange County had purchased 11 model homes in Bressi Ranch and leased them back to the builder Lennar, waiting to make the big kill by selling them once the tract...
REO Pricing More Effective
Two thoughts worth exploring: 1. Is there any evidence of the foreclosure flood hitting the MLS yet? 2. How are regular sellers faring, compared to REO listings? Currently the new REO listings are about 20% of the total new listings coming on the MLS. Last month...
FHA Discrimination
Listing agents are getting increasingly more cocky about how they conduct their business. They can't justify the refusal of FHA offers, but they do it anyway. In the end, while they feel quite righteous about it, they are actually damaging the seller. A story written...
Check on Local Economy
from sddt.com Legoland California has submitted plans to the city of Carlsbad for a water park with rides, outdoor dining and shops on a 7.3-acre portion of its 350-acre property. Legoland officials declined comment on the plans but Van Lynch, a Carlsbad senior...