status of 14829 Sunrise Drive, Poway CA 92064

Asked by lisasewell04, Poway, CA Mon Jul 16, 2012

Does anyone know the status of this property?

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9
Kari Shea, Agent, San Diego, CA
Mon Jul 16, 2012
Hi Lisa,

One last thing given some of the responses. If you put in a back up offer on a short sale and it comes about that your offer is accepted, the process with the seller's lender starts over again.

What that means is 4-5 months to close as stated in the listing. It is the way the process works, we have represented sellers in short sales and have not been able to find a way around it.

Best of luck to you,

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
Jonathan and…, Agent, San Diego, CA
Mon Jul 16, 2012
Lisa,

Although the property is under contract at this time it could potentially go back on the market within the next few months.

Also, there are a number of GREAT current listing in poway! Please feel free to search on my website at no cost or if you'd like to email me exactly what you are looking for I'd be happy to send you daily search results as well.

Let me know if you'd like any additional information on the poway area or the local real estate market!!!

Theresa Mack
858-230-4850
Theresakmack@gmail.com
http://Www.mackrealestate.com
0 votes
Marcie Sands, Agent, Poway, CA
Mon Jul 16, 2012
Lisaswell04,

Have your agent call the listing agent. They may or may not disclose how many back up offers they have. If you don't have an agent helping you, you need to be sure and get pre-qualified ahead of time through a mortgage broker or direct lender. They won't accept any back up offers without a prequalification letter. Best to have an agent representing you as these transactions can be complicated.

Kind Regards,

Marcie Sands, REALOR
Simply The Best Real Estate Co., Inc.
PUSD
760-644-1562
0 votes
Marcie Sands, Agent, Poway, CA
Mon Jul 16, 2012
Lisasewell04,

The property went Contingent 6/26/12 and according to the listing agent their average time is 4-5 months before they obtain short sale approval (there are 2 lien holders so it takes longer). If the original accepted offer sticks around, look for it to close around the end of December. It is worth investigating if you have an interest!

Kind Regards,

Marcie Sands, REALTOR
Simply The Best Real Estate Co., Inc.
PUSD
760-644-1562
0 votes
lisasewell04, Home Buyer, Poway, CA
Mon Jul 16, 2012
Is there a way of finding out how many back up offers are on a house?
0 votes
Cory La Scala, Agent, San Diego, CA
Mon Jul 16, 2012
Hi Lisa,

Contingent with a short sale means the bank is working with an offer. It doesn't mean it's in escrow, and buyers walk all the time during this period, leaving the short sale seller needing an offer sometimes. They may have back-up offers, but those buyers are still out submitting offers on other properties too, and may not be there if the current buyer walks. This is a good time to submit a back-up if they don't have a ton of them already. Sometimes though, short sale sellers don't want to show anymore, because they don't want more people through their house if they already have an offer. It's a sort of false sense of security, but they usually aren't in a happy frame of mind. If you REALLY like a house in Contingent status, try to get a showing, or you can always submit a back-up offer contingent on you seeing the property in person.

Warm Regards,

Cory La Scala, REALTOR
Independence Realty
619-825-6421
0 votes
Bill Hays, Agent, Cardiff, AL
Mon Jul 16, 2012
Just because it is contingent, doesn't mean you can't have a shot at it....but you need to have an experienced agent on your side to make the right calls, ask the right questions, and open the right doors. Let me know if you want that done for you.

Warm Regards,

BeachBrokerBill
The Coastal Real Estate Perspective You Can Trust
(760) 525-8698
CA DRE 01775528
0 votes
Kari Shea, Agent, San Diego, CA
Mon Jul 16, 2012
Hi Lisa,

The status in the MLS is Contingent, which means they have accepted a short sale offer and sent it to the bank for negotiation.

It was listed at $499,000 the dropped to $429,000. It was on the market for 27 days, 1,718 SF and built in 1985.

Let us know if you have any further questions,

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
Sinead McAll…, Agent, Oceanside, CA
Mon Jul 16, 2012
Hi Lisa,
This home is currently contingent, meaning it has an offer accepted by the seller and pending lender approval (it is a short sale). If you are interested in properties like this one, message me directly and I can send you a list of homes that are currently on the market that we can go view!

Thanks!
Sinead McAllister
Broker
McAllister Homes Real Estate
858-205-5215
brokermcallister@gmail.com
http://www.McAllisterHomes.com
0 votes
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