Good Evening,
There are a few I can think of right off the top of my head. However, if you have an agent who is familiar with the area they would be able to assist you. Feel free to email me what your criterion is and I can guide towards what gated/planned communities would suit your needs.
Alison Bell
Prudential California Realty-Escondido Office - Thu Jul 3 2008, 21:06
Dear Ida,
The list price on a short sale is not an indicator of value. The list price in most cases has not been approved by the bank when the house is listed. Your real estate agent should give you a analysis which will indicate what the houses have been selling for around the vicinity, to give you an idea of current value. No matter whether you buy a short sale, a standard resale or bank owned, you can't control what the future holds as far as price dropping. If you are hesistate due to uncertain times then you need to decide whether you like the house or not. Real Estate always goes through cycles.
So, the bank has responded with a counter, you need to decide based on fact like recent sales etc..if it an accurate price, which your realtor should assist you with. Are there other offers?
In closing there is no magic percentage or common offer on short sales. Some short sale list prices are so far below reality that they are misleading to buyers because the list price is not even close to what the bank would even entertain. The key is to know the surrounding area and what the recent sales have been. Your realtor should be able to assist you with that.
I hope this answers your question. If you do not have a realtor representing you, you should get one. It does not cost you the buyer anything and it allows you to get fully informed.
Good Luck
Alison Bell - Sun Jun 29 2008, 08:30
Dear Fred,
If you are curious as to how much your house would be worth if you chose to sell in the current time, you can contact a Realtor who could perform a Market Analysis as many have stated below. However, if you are considering putting your home on the market in the near future a CMA propbably won't cut it. In this market, in my opinion I always look at the oncoming foreclosures into the market. Unfortunately these will affect the value of your home. For example, in your zip code their are 104 homes currently in preforeclosure. Meaning if those homes go back to the bank you could have a good number of bank owned homes coming onto the market in the next few months. Currently their are 45 bank owned properties. Some of which have not been released onto the market yet. So in closing do remember that an Appraisal from an appraiser, or a CMA for a realtor will only be good for a short period of time. The market changes constantly. My suggestion is to go ahead and get a CMA from an agent but have them attach the near future foreclosure market in you area. If you contact me with your address I would be happy to email a complete analysis that includes the future foreclosure scenarios.
Have a Wonderful Day!
Alison Bell
619-384-6997 - Tue Jun 24 2008, 11:56
There are a few property management companies that work in the Rancho Bernardo Area. In addition what areas in RB are you looking to purchase in. Some areas have a higher rental demand than others. Feel free to email me and I can send you a few names of property management companies that deal with the area.
Alison Bell - Sat Jun 21 2008, 12:35
Firstly, I feel bad for your children who are being put through this. Secondly, set a good example for your children. Move on and build your own wealth. You have rights, the right to move foward in a morally productive fashion or you can try to fight about something that was never yours in the first place.
I apologize if your feelings are hurt, I am just 1-as a real estate professional, 2- as a wife and mother, horrified with this inquiry. You are lucky she has not come over there changed the locks and thrown your stuff on the lawn next to a sign that says free. Darn those eviction laws..it slows down the process! - Sat Jun 21 2008, 12:27
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.