Janice Wells…, Real Estate Pro in Fresno, CA

I'd like a market analysis on my daughters condo. We would like to sell it. Please call me. 559-301-4151

Asked by Janice Wells-Rottner, Fresno, CA Tue Jul 31, 2012

5252 Balboa Arms Drive San Diego Ca 92117 #121
2bd/2bath

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3
Janice,

I've bought and sold 2 units in the Balboa Ridge complex recently. The complex, as you probably know, is in litigation with the builder over mold and slab issues. The pending litigation puts a damper on the majority of financing. That said, units are still selling. Your daughter can expect her unit to sell for between 170K-190K and most likely to a cash buyer. The challenge your daughter has is whether she wants to short sell it or not. It looks like the original mortgage taken out on the property would require a short sale. Many of the units in this complex are being sold short and there at least 10-15 units currently in PENDING or CONTINGENT status. Which some would think is bad but to me, an eternal optimist, it signifies there is interest in this type of product.

That's my two cents and it's worth every penny.

Please let me know if I can lend an expert hand to the short sale of your daughter's condo.

Good luck!
0 votes Thank Flag Link Tue Jul 31, 2012
Hi Janice,

We sent you an e-mail with the market info about the complex where your daughter lives.

Best regards,

Mark & Kari Shea
Shea Real Estate
Home Sales Specialists; New and Resale Homes
Property Valuation Specialists
Land Sales, Acquisitions & Consulting
Serving Greater San Diego
0 votes Thank Flag Link Tue Jul 31, 2012
Good speaking with you Janice! I sent my contact information to your email.

Have a great day.
0 votes Thank Flag Link Tue Jul 31, 2012
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