Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
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- 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
Thank you for discussing the low sell price ($1,055,000) for the Derby Hill (5318 Foxhound Way) at $275 sq ft. Only homes with a major defect have sold for under $300/sq ft, which this home did not have. I live in this tract and will now have to deal with this as a comp for refinancing and when I sell my house. Very frustrating.
Jim,
Big, big, we want big! LOL.
Too many “big” homes built in the last 15 years have lots of wasted space and weird configurations. Some of the stuff we’ve seen makes no sense. Just plain bad design. Bedrooms that are too big or too small, massive foyers, sitting rooms???, odd placement of staircases, not enough storage space and too much wasted space.
The movement to smaller homes might clear up some of this. Except for the top end, functional might return to the design of most homes.
I could have used that timeout room this morning.
Seems like the auction process you’re talking about elsewhere might be a good tactic for short sales. The bank(s) post a minimum price, and you run an auction from there.
Hey, 6% of $1M beats the hell out of 3% of $1.5M, right? I can’t believe banks allow them to rep both sides of the transaction — it’s an invitation to fraud.
tj is right, it is a no-brainer for the agent involved.
the bank needs to just ban all dual agency for short-sales and foreclosure. it is really just that simple.
and yes, the last house is a classic over-grown tract house. we actually rented a 1600 sqft detached condo in the past with a side entrance. that floorplan Jim just walked thru totally remind me of the detached condo, except bigger.
It wasn’t dual agency. Buyer’s agent was somebody different. Not sure if there was any relation.
I think CV has cracked… Prices are getting lower, compared to this summer.
Not dual agency, eh? Okay, what other avenues are open to these crooks…
p.s.: That is a very odd house. All the tract cliches but no class whatsoever.
#9 Maybe the house had a $50,000 refrigerator…
The seller could have just told the agent who they wanted to sell to. 3% of $1.05m is better than 0% of the actual market value.
Has anyone ever gotten in trouble for this kind of fraud? As Jim said they’re advertising it on freeway on ramps (Thinking of the “discreet” short sale sign).
Really retarded floor plan-especially the “time out corner”. It’s basically a staircase to nowhere.
The staircases to nowhere remind me of the Winchester House.
Derby Hill (5318 Foxhound Way) sold price (1.055 million) is the right price for this neighbourhood. Why sould anybody pay more than $275/sq-ft in CV. You can buy better or comparable houses in 4S Ranch and Scripps Ranch for between $200-$300/sq-ft. Schools are as good as CV. Especially, scripps ranch schools are really good. I have been checking the CV on SDlookup and it has the longest and the most unsold homes list. It’s time for CV to drop the price for the buyers.
#14: This “my neighborhood is better than your neighborhood” banter is ridiculous. We’ve discussed ad nauseum why CV prices are higher. The CV schools all rank at the very top of the API scores for the county…higher than any other area. And it is 10 degrees cooler and a better commute for people who work in the coastal area. $275/sq is way below the comps for CV, which are closer to $325. Let’s stick to reality on this blog and stop the “what things should cost in my world” silliness.