For anyone who is thinking about participating in an auction, take a close look at this video. Notice how fast the bid amounts rise, plus - how clear are you about the price?
Balboa Lot Auction – Del Mar
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Jim TV
Where Did It Go?
In October, 2005, WaMu loaned $1,300,000 to the former owners of this beach hut:
Leg 1
Let's designate a series of homes to watch so we can identify if there's a significant leg down in the works, or just a bumpy ride through tract-ville. Using newer tract homes for markers is the easiest way to gauge the trend, because of their similar nature. In the...
The Buyers’ Frustration Premium
Looking for a desperate seller that you can work over? They are hard to find - even the short-sale sellers hold out like they have some bargaining power, when really all they are doing is extending their free rent. Buyers are frustrated enough that many, if not most...
Less Patience
Not every short sale in progress is getting the benefit of the doubt - servicers are dropping the hammer here and there. Will it turn into the trend?
Views from the Branch Office
It looks like summer is finally here...for a couple of days anyway. It'll mean more people will be out and about, seeing stuff like this around town:
Bubbleinfo’s 5th Anniversary
CA renter, a big supporter and blog commenter since the beginning of bubbleinfo.com was nice enough to sit down and talk real estate to celebrate today's 5th anniversary. I respect her desire for privacy, so you're stuck looking at me a lot - sorry. She is a valued...
Buyers Prefer REO Pricing
Another reason why additional REO listings could ignite sales is because they tend to have recent money invested in them. The former owners didn't get to the finish line on this one, but close enough when you include an attractive price too:
Upsurge?
Buyers are in active pursuit of the quality buys:
Freak Show
Typical these days - lots of lookers, and about $4, will get you a cup of coffee. This 10,022sf house was foreclosed, and listed by Union Bank for $2,599,000, which was about half of the former owner's previous list price. The dump on price created a stir, but how...
