Another REO re-assignment came our way yesterday.
It’s a 2 br/2 ba, 1,108sf condo in the UTC area for $309,900.
The complex is in litigation, plus the market appears to be fairly competitive:
by Jim the Realtor | Apr 5, 2011 | Market Conditions, REOs for sale | 14 comments
Another REO re-assignment came our way yesterday.
It’s a 2 br/2 ba, 1,108sf condo in the UTC area for $309,900.
The complex is in litigation, plus the market appears to be fairly competitive:
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Hazy shade of winter today in San Diego.
Home from the International Builders Show. Here are my three takeaways: 1. The new home cancellation rate has largely normalized; 2. Sales in January crushed expectations; 3. Builders had cautious optimism with many mentions of a head fake
plus the market appears to be fairly competitive
LMAO!!!
Ha ha! I notice the materials used and the location for that pipe, and I can only wonder if it was installed solely because there was a shortage of places to hang a lockbox.
Just closed one in there. What’s funny is there are not one but two rails full of lock boxes. Good Luck Jim!
That’s a lot of boxes in any case, but…is this a place where you need a fob to get through the gate, and then a key for the unit? That seems to take two containers, one for each, here where I live. So the number of ornaments is double the available units.
You should do a caption contest for this picture.
JtR, what I am missing in this pic? I just see a “couple” of lockboxes 😉
I am sure the rest are just rentals. And BTW who doesn’t want to buy/live in a neighborhood with that many renters.
Jim, that’s one of the funniest RE pictures I’ve seen. There’s got to be a popular RE picture gallery website that could use this picture.
Can’t wait to see how this REO turns out, but I’m betting a sale is a long way off.
You could play a tune on those with a metal pipe.
A real estate version of the xylophone.
“Buy NOW before you are priced out forever.”
Since it’s an REO, and the seller is just a bank, I’m gonna criticize the price. $309k? ROFL…I wouldn’t touch it for more than $250k.
That picture screams “time to lowball” for a property rental.
I used to live in the Caminito Plaza Centro part of Villa Vincenza as a tenant when it was called Nobel Court. I lasted 6 mths. We were flooded through the ground floor walls, despite there being underground parking beneath us. Those morons would water the soil up against the walls. We got flooded through the ceiling, when they had the heavy rains – there is a reason you are supposed to clear the down spouts of leaf debris. The washing hose leaked and caused mildew in the closet and they tried to replace the toilets with low water use toilets – while the bathroom was occupied. Guess how well that went down.
They had a rapist in residence, and put identypictures on the front door for weeks on end – til they caught the resident who was such an upstanding citizen. The leasing staff would have to cross from one side of nobel to the other and there were regularly accidents… people hit or cars hitting each other. One leasing agent proudly informed me of how she’d had Mathew Broderick (the inspector gadget guy)’s car towed cos apparently he was as good at parking in his own spot as many of the other residents… You couldn’t give me one of those condos as a gift.
Doesn’t “condo complex in litigation” equal “cash only, and only if you are an idiot”? I guess that explains the picture. Good luck.