This sold for $2,850,000 when new in October, 2007:
Million Off
by Jim the Realtor | Apr 20, 2011 | Bubbleinfo TV, North County Coastal, REOs for sale | 6 comments
by Jim the Realtor | Apr 20, 2011 | Bubbleinfo TV, North County Coastal, REOs for sale | 6 comments
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CA DRE #01527365, CA DRE #00873197
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
That is a great looking bank deal. Do nearby comps support 1.8, or is this property too different than the neighbors?
I will make a 1.5 million cash offer right now. Do you think it has a chance to go through?
Sweet! A bit out of my range, but I’m working on that… ;-_
p.s.: GO STEFF!
$1.5 million?
I would love to write that offer with you and find out! Let’s do it!
They will likely wait the usual 3-7 days before responding. Let’s check the agent’s stats:
Active listings: 54
Pending listings: 59
Sold YTD: 78, averaging 47 days on market (and none were less than 5 days on market)
This guy is a machine! His staff will run every listing through the same paces – enthusiastically encouraging offers for the first few days, hoping to submit a handful to the bank.
Theoretically, you will stand a better chance of getting a discount after a listing has been on the market 2-4 weeks, but there are banks that are holding out even longer before reducing price.
The steep hillside on the back gives me pause. It’s built in 2006/2007 so not time tested long enough yet. It’s a really nice house nonetheless.