Written by Jim the Realtor

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April 15, 2010

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You’ve seen every house on the market, you think the new listings are pathetic, and you keep wondering about those bank deals on the court house steps.

Eventually JtR’s going to have some video showing that it can be done.

If I’m willing to risk it, what will roughly $700,000 get me?

22 Comments

  1. HopefulBuyer

    What will $290k get me?

  2. tj & the bear

    That’ll get you a really nice replacement car!

  3. DNR

    E63?

    So to buy at a trustee sale you have to have cashiers checks? It would be a bummer to liquidate a bunch of investments and then not get outbid or have the auction get cancelled.

  4. Genius

    So a blown fuse was the final straw?

    Lambo?

  5. CA renter

    Mac daddy? You better be getting one of these:

    http://www.maybachusa.com/landaulet/maybach-landaulet.php

    lgs | April 15th, 2010 at 11:49 pm

    LOL! Maybe then Jim can have someone drive him around so people can stop worrying about him driving, filming, flipping through paperwork, and talking at the same time. 😉

  6. clearfund

    DNR – Trustee’s Sales are not supposed to be easy…that’s why deals are possible.

    If they we’re giving money away everyone would be doing it. Wait, they are giving money away and everyone is doing it. Off to get my free cheese before it goes away in 10 years.

  7. Waiting to feel the magic

    Any thoughts/knowledge/ideas on the banks’ criteria as to when to price a property to sell at the trustee sale verses when to price it so they know that they’re going to get it back and sell it themselves? At first blush one wonders why the banks just don’t sell them all themselves on the open market. They’ll always get more that way, even after paying the realtor’s fees, than they’ll get at the steps.

  8. Al

    Hey Jim, The car that’s enroute, did you end up getting the gull-wing?

  9. Geotpf

    HopefulBuyer-$209k will get you anything from a dumpy studio condo to a three year old five bedroom house with 3,500 sq ft.

    It just depends on where you are looking. When you buy a house, you aren’t actually buying a house. You are buying a bit of land in a certain location on the planet that happens to have a house on it. Where that location is matters much more than the size of the actual structure.

  10. JimG

    I’m thinking a Prius….

  11. osidebuyer

    HopefulBuyer, that was the range I was looking in last year. In Carlsbad you can get an older 2bdrm condo in the La Costa area and that’s about it. If you want detached you’ll need to look in Oceanside, Vista, San Marcos, Escondido. There you can get a decent 3bdrm foreclosure if you are patient and lucky.

    I think Jim’s getting a 5 series bimmer maybe?

  12. Jim the Realtor

    People are getting closer….there was definitely a clue in the video.

  13. alles_klar

    Ice cream truck?

  14. HopefulBuyer

    Re: What will $290k get me?

    What will $290k get me _in Oceanside (maybe near San Luis Rey)_?

  15. Bill

    Track 7 = 7 series BMW

  16. Jeeman

    Haha! I was wondering why JtR kept that video clip with the “Hello there!” and the pan to the radio.

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Jim Klinge
Klinge Realty Group

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