Alarming

by | Feb 15, 2013 | Bubbleinfo TV, REOs for sale | 3 comments

The bank lowered the price by $120,000 on this one today, and it’s a decent layout for being nearly 6,000 sf:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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3 Comments

  1. RJ
    RJ on February 15, 2013 at 10:08 pm

    Maybe the >$1000/mo in HOA+MR has something to do with it not selling?

  2. Jim the Realtor
    Jim the Realtor on February 16, 2013 at 8:07 am

    Buyers are used to that vig in the Crosby and Santaluz, and others have been selling.

    This house was listed as a short sale with a lower price ($1.299 to $1.4 million) but in general buyers have been willing to overlook flippers fleecing them for bigger bumps than that, so for a bank to try it doesn’t seem unusual. Plus that was way back in December, which seems like a long time ago.

  3. Jiji
    Jiji on February 16, 2013 at 9:01 am

    Hey, if they shot you in there it probably would have knocked 200K off the price, call me if that happens.

    Seriously though 1000/mo HOA is a little steep, does not look like a place a public pool would get a lot of use.

    Hope they get something nice for that besides and annoying guard etc. which brings up, why the alarm?

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