As of tonight, this REO is still marked as an active listing. Yet the agent responded with the typical supreme confidence that permeates the business these days.
He sent this via a text message, “Sorry, but you’re way too late to this party. We had 30 offers. The bank has selected one.”
It’s been on the market seven days.
While this looks like an attractive price on paper, the buyer pool will thin out once they see the floor plan, and the amount of work needed:
We have a winner for the RSF Bank-Deal contest!
LP = $850,900
SP = $980,000
Congratulations to James D, who guessed $982,000!
James won 4 field-level tickets to a Padres game!
https://www.bubbleinfo.com/2013/01/29/rsf-bank-deal-contest/
http://www.sdlookup.com/MLS-130004794-5340_Linea_Del_Cielo_Rancho_Santa_Fe_CA_92067
The agent added an addendum later stipulating that the bank was only considering cash offers with a 10% good-faith deposit and no contingencies.
A typical mcmansion foreclosure in southeast Carlsbad. There are three pending sales listed over $1.1 million, including the house next door:
The bank lowered the price by $120,000 on this one today, and it’s a decent layout for being nearly 6,000 sf:
This is so cheap for Rancho that you know they will get a load of offers.
Want to take a guess at the final sales price?
Second-row field level Padres’ tickets for the closest guess!
http://www.redfin.com/CA/Rancho-Santa-Fe/5340-Linea-Del-Cielo-92067/home/4189821
Maybe the banks will start helping with our inventory problem.
It looks like the former owner of this house on Crest stopping paying in 2009, but BofA just foreclosed on January 11, 2013. Hopefully it’s because the bank senses an opportunity, and we’ll see more REOs?
Flippers will be all over this bank-owned La Jolla view property – cash only:
Are the kids so attached to video games that smaller yards are preferred?
This yard is dwarfed by the super-sized house, but it backs to open space and might be tolerable for buyers who like the idea of a low-maintenance yard:
The last sale of this model closed less than a month ago, and was $10,000 higher than this list price – so could you call this a free ocean view? It’s probably not worth much more than that, because you have to stand in just the right spot to see it.
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
