First the house on the corner sells for $1,100,000, gets foreclosed, and closes a year ago for $719,000. Now this one, and the short sale next door are having trouble selling, in spite of the view:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
L M A O
I feel guilty watching these and not paying for it.
What street is that? I hope their ice cream trucks stock Lunesta.
This one is destined to be a classic. Thanks JTR, I havn’t laughed that hard in a long time.
The houses with that fantastic “view” are way overpriced.
Sheesh, how many Realtors bought at the peak with 0% and have since defaulted? By the looks of this site, I’m putting the number at 20%. Where are all these people now? Renting? How do you get around that when trying to win a client’s business? Jim, I bet you know some good stories from some old colleagues…give us the juice, man!
This reminds me of the train video, and the video with the running fountain in the back yard! Just as hilarious!
Beautiful presentation Jim! A true JtR classic!
Nothing price won’t fix.
“How often does that train go by? So often, you won’t even notice it.”
Jake (John Belushi) and Elwood (Dan Aykroyd) Blues, The Blues Brothers
Endless possibilities! You can rent out a traffic cam to a news station or set up a paid rest area or rent out the back yard to a billboard company, endless possibilities.
What strikes me is that they allowed houses to be placed adjacent to what is essentially a highway. You can see the same thing along the 5. Bad planning.
I imagine the people paid less for those homes along the street vs comparable properties without the street.People will buy and live anywhere if the price is right.
I think people got so caught up in the bubble they just convinced themselves these things don’t matter; backing to busy roads, under power lines, etc.
Is that on Sitio Lima in LCO?
Over the years of looking at new subdivisions in the area, I have noticed the following: Homes that either back to busy streets or that have electrical towers right outside their backyard were in fact offered by the developer at a slight discount–not enough for even a fool to consider purchasing them, although some did. These homes have proven VERY difficult to resale and require a much greater discount to get them re-sold. On the other hand, premium lots came with a premium prices from the developer. However, history has shown that when these premium lot homes have resold, they have resold quickly and at a MUCH greater premium than the developer originally charged. In many cases, the buyers that bellied-up $100K for the premium lots have realized two to three times that on the re-sale. Whereas, those that saved $50K have had to discount two to three times to liquidate.
Ask your self who are the real fools here, us or the real-t-ool agents who bought these caves with “110% up” financing.
We get to visit Jim’s site for a few minutes each day before returning to our slavewage masters.
The Real-t-ool agents default on their mortgages, live rent free for a year, spend their mornings at the Gym followed by an hour (or 3) at $tarbucks “working” on their real estate websites, then drive their top-o-the line German sedan to the bar for drinks and dinner.
hmmm, why oh why did I stay in school, work hard, and try to always do the right thing?
I’m not sure about u guys, but I’ve got a new plan, and it no longer involves holding doors open for women, helping little old ladies cross the street, or volunteering for anything… It’s time to smarten up folks, and learn a thing or too from our RE-Agent friends, suck the life blood out of a community and move on!
Jim, you could flip that property. Here the deal. You get together with the adjoining property owners to put 6 more feet of glass on top of all the walls. Then you make sure all the windows on the second floor are closed and the aircon is running.
Make sure the buyer never walks out on the second floor deck.
That should help with the noise. Then raise the selling price.
Why did you say “nice view” instead of “here’s the Deeeeeeeeeeeetroit River!”?
You’re losing your edge, Jim. 🙂
off topic but interesting
Bernanke-Is-Wrong!-The-Economy-Is-Getting-Worse-Not-Better-Schiff-Says
Mr.-Schiff-Goes-to-Washington-He-Hopes
What is code wall height to keep D-FENS out?
How low does the price need to go for someone to buy this?
I donated $200 to Schiff’s campaign. We need more people like him holding office.
If you’d like to do the same here’s the link…
http://www.schiffforsenate.com/
And btw if he gets the republican nod he’ll be against against…
http://en.wikipedia.org/wiki/Christopher_Dodd
FYI…
Dodd is the number one recipient in Congress of campaign funds from Fannie Mae and Freddie Mac.[42] Critics also charge that Dodd ignored repeated warnings that the two firms were in need of major reform.
in a “Friends of Angelo” program. Dodd received mortgages from Countrywide at allegedly below-market rates on his Washington, D.C. and Connecticut homes.
Travertin – you need barbed wire too.
You want to see a real traffic problem – trains (watch through until the end – about 40 seconds)
http://www.youtube.com/watch?v=pxeu0dzNUiY
greenlander,
There is a hesitation at the beginning of the video because I was going to use the old detroit river line, but thought it might be tired by now. You’ve heard about every line I have, and I’m hoping to come up with some new ones!
It was hard to hear but I thought you were saying this is where the Honda Creek and Toyota tributary join the Hyundai River. As they empty out to the Bay of Kia. [The Detroit River has dried up.]
Rob:
this is Cadillac Confluence, where the Honda Creek and Toyota tributary join the Hyundai River.
It’s like you made that video from the infield of a nascar race. There’s your open house theme…park an RV in the backyard throw some lawn chairs and a beer cooler on the roof and wait for potential buyers to show up.
A little OT, but REO 513 Ocean Bluff is pending at 1.2M which is more than a 1M discount off the 1/07 SP of 2.3M. New construction 904 Bracero Rd is pending at the same price which is 500K less than what the builder originally listed in ’08 (VRP 1.7M – 1.8M). Those houses on and around Camino de Orchidia are starting to take hits.
We think those last two foreclosures in there were cooked up though – $2+ million? Both buyers looked to be related to builder.
Jim, you should take one of your “Detroit River” videos like this and speed up the time frame to like 4X or more and watch the river flow…..
What is the neighbourhood of the subject video?
What is address? Is it carlsbad?
Realtor owned, huh? Maybe they know the property’s going to be rezoned commercial. Or eminent domain in a highway/freeway upgrade…
Yes, Brezo is the street in La Costa Oaks in Carlsbad. We saw the ‘La Costa 4-Pk’ on Corte Romero survive pretty well, with four houses at the end of the culdesac that backed to the same Rancho Santa Fe Rd. all sell with relative ease – the lowest for $695,000. But they had slightly more distance between them and the street, and lots that were a little bigger.
The agent is from 951 area code too, so there isn’t much push on this one – it could end up well under $700K before selling.
hey mate, are you trying to sell that home?