One of the five REOs assigned to us the first week of February has made it to the open market: It had sold for $490,000 in September, 2005, and was financed 100%. Eight offers in so far, looks like it will sell close to $300,000. Hope the appraiser agrees!
At last; a bank-owned, newer one-story on a decent lot at an attractive price - only $164 per sf: The previous owners refinanced in October, 2006, getting two loans that totaled $1,140,000. Six months later they got a new second, and another $60,000 cash-out, rounding...
Houses under $200,000 are blowing off the market, usually with multiple offers. This one closed yesterday, a 3br/1.5ba, 1,062sf house built in 1961 in virtually original condition, whose elderly owner just went off to assisted living: The buyer of this house, an...
From today's Union-Tribune: By ALAN ZIBEL, The Associated Press 12:24 p.m. May 29, 2009 WASHINGTON — Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying...
Remember this one from 18 months ago? It's the 4,453sf house in Rancho Carrillo that Wells Fargo foreclosed on when they couldn't get $1,000,000 at the trustee sale. Optimistic, they listed it for $1,100,000 in October, 2007. In the first week they received an offer...
Everywhere you go, it's the same mantra with sellers. From this week's Barron's: http://online.barrons.com/article/SB124303118257848425.html?page=sp "I'm paying all of this insurance and property tax, and I rarely use the property," says Bill Hutchinson, a...
People ask all the time, where are the buyers coming from, and what is motivating them? Yesterday in a couple of comments mentioned that people are tired of waiting, and want to settle down with their families. But there will always be the get-rich-quick crowd. Robert...
The Four Season Aviara Resort has been embroiled in a dispute between hotel owner and management. Here's a link to today's U-T article on the judge sending the case to arbitration:...
This video was taken a couple of months ago when it went pending, and a good example of how the market has warmed up on the lower ends of every market. It's the type of house that is easy to pass on - even if you were a handy fella and wanted a fixer, you're stuck...
In July, 2007, I sold the house at 10503 Abalone Landing Terrace in 92130 for $1,199,000, which was the full list price at the time. Zillow has a follow-up program for properties logged under your name, and they send regular updates. Yesterday they noted that their...
