Yesterday this comment was left by angryPQneighbor: Why did you list this one so cheap? The same model sold almost a year and a half ago in a bidding war over $610K! We are listed for $639,000 in most places, and on the range $619,000- $639,000 in the MLS. He/she...
Month: November 2015
Tom Waits
Tom Waits was born in Pomona and grew up in National City and Chula Vista - he attended Hilltop High School in 1965. Here he's singing his opening track from his debut studio album released in 1972 (and was also covered by the Eagles):...
Village Townhouses
Downtown Carlsbad has an allure mostly because it is next to the beach, plus a good walk around town is enjoyable. But those who want to buy a home nearby have their work cut out for them - there is very little for sale. TM is hoping to capitalize on the lack of...
Supplemental Property Tax
When you buy a house, the county tax assessor sends you regular property-tax bills, which are based on what you paid for the house - usually around 1% of the purchase price per year. But in almost all cases, the sellers paid a different amount of taxes, which were...
Selling to Millennials
http://www.nextavenue.org/how-boomers-can-sell-their-homes-to-millennials/ Generally speaking, boomers who bought homes to start families purchased what their budgets allowed and fixed them up over time. Nothing could be further from the minds of typical Millennial...
PQ Update
When presented with multiple offers, most listing agents demand shorter contingency times, no appraisal contingencies, having to pre-qual with their lender, etc., without any thought on how that can agitate the buyers. The time will come when the buyers aren't going...
Realtor MLS Fraud & Extortion
Thanks to Susie for sending in this story of everyday realtor fraud - committed by the third-highest-producing agent team in the country - and an agent who just couldn't be a do-gooder and turn them in. He tried to extort $800,000 from them instead:...
Pi in the Sky
This closed for $12 million today:
The Haves are Driving Demand
There are still doomers who insist the housing bubble is ready to burst. But this report coincides with what I see on the street - home buyers are in good shape, and probably aren't going to bail out if appreciation stops. In Q315, the average FICO for purchase loans...
Inventory Watch
New pendings around the NSDCC haven't tapered off yet, and last week's total of 60 was the highest since late-August. Click on the link below for the complete NSDCC active-inventory data: The UNDER-$800,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF...