1 bedroom, one bath, one car garage. 5 miles from the ocean!
So. California areaWhat is your opinion on what is happening in California real estate? I have a condo for sale and am worried.?
You are going to be screwed. Very screwed.
I sold and am now renting in San Diego. Everyone around here is figuring out that condos aren't worth 400 grand.
Bet you're on an interest-only/adjustable/ etc... suicide loan. You're going to be bankrupt! HAHAHAHAH
Worry worry worry.What is your opinion on what is happening in California real estate? I have a condo for sale and am worried.?
It's slower job market and higher interest rates that are holding people back. But I wouldn't too worry if I were you. Your condo will attract younger first time home buyer who's working around the area. As long as it's in good condition and all.
You may have very good reason to be worried. When I was doing mortgages in northern New Jersey about 20 miles from New York City and 15 years ago I remember one specific case of a conominium owner who, because of a softening in the real estate market, owed more on the mortgage than the condo was worth.
These markets go up and down. Maybe the only thing you can do is to sit tight until things turn around, but it could take a while, maybe 5-10 years.
On the downside, by then your entire neighborhood might be overrun by illegal Mexicans and you could see property values plummet into the basement.
the demand will bounce back. in a few years.
I think it is slowing down and flattening a bit, but not crashing. Things are taking a little longer to sell, because people are more cautious in buying, and they are coming in closer to listing price, rather than above. But I really would not worry at this time.
I've been in SoCal real estate since 1987, I wouldn't worry a whole lot. Just a little concern because of all of the apartment to condo conversions taking place right now and you only have a one bedroom, one bath and one car garage. I'm in San Diego county and the conversions are happening with larger units that yours, with more bedrooms and baths with developer incentives to attract the first time home-buyer that has been priced out of the market.
But, you are in a different niche. You want a professional, who has a career, doesn't want a community and doesn't need a good school district. Thus, you are going to have things in your unit to make it attractive to the mid-level manager who doesn't have time to do home decorating, doesn't want to make cosmetic changes, but has all of the ';hot '; ticket items. These include: upscale appliances, counter-tops, cupboards, vanities, large baseboards and crown moldings, wood flooring, upgraded fixtures (like lighting, door knobs and pulls) and most definitely, a security system.
You have a very specific buyer who will pay for the ocean location, and only needs one bed/one bath. Market to them! good Luck! Act fast! I'm lucky I got out of the LA market when I did!
I too am in San Diego, and the market is saturated with condos. Tons of condo conversions and downtown development doesn't help. Also, a 1 bedroom is typically tougher to sell unless its a crazy hot market. Was skimming the public records and saw 1 in every 8 owners in a particular condo complex would fall into a short sale scenario. Also seeing more condos as REOs.
My advice to you is to stay AHEAD of the (downward) price curve and price your unit to sell today. Same advice that I give to my clients, but they don't want to listen because they all feel their condo is the special one that's going to sell for 10-20% over recent comps. Sigh...
It doesn't help that the National, State and local associations of Realtors are peddling their pure BS propaganda that the market is going strong.
Hold on to it and rent it out if possible. We have a rough road ahead of us. Should bounce back up in 7 to 10 years.
See if you can put it under contract as a lease purchase option. Worst case scenario, sell it to an investor or wholesale it yourself.
For options to your specific problem, e-mail me.
Regards...
Wednesday, July 7, 2010
I have my condo for sale in (Etobicoke)Toronto,Ontario. What is the best way to advertise? offline and online?
offline : put ads on national newspaper
online : create a blog and post the pictures and the video of your condo.
online : create a blog and post the pictures and the video of your condo.
Can I sign the closing papers for my condo for sale in NYC? I'm in CA & my NY lawyer wants power of attorney
I do not want to give him the power of attorney. Can't the paper work be sent to be via an escrow company of some sort? so I can sign them here in California?Can I sign the closing papers for my condo for sale in NYC? I'm in CA %26amp; my NY lawyer wants power of attorney
I would not give power of attorney.
The documents can be delivered electronically, then signed in front of a notary, then expressed back for delivery next morning.
Have an attorney at closing to represent YOU and only you.Can I sign the closing papers for my condo for sale in NYC? I'm in CA %26amp; my NY lawyer wants power of attorney
I have done several long distance closings, including NYC and SF, CA. Never had to give power of attorney to anyone. Just FedEX'ed doc's as needed.
Most likely easier for attorney to have the power, but not sure why they would want the added liability of signing off for you. I am assuming they are legit. Double check with another lawyer.
I would not give power of attorney.
The documents can be delivered electronically, then signed in front of a notary, then expressed back for delivery next morning.
Have an attorney at closing to represent YOU and only you.Can I sign the closing papers for my condo for sale in NYC? I'm in CA %26amp; my NY lawyer wants power of attorney
I have done several long distance closings, including NYC and SF, CA. Never had to give power of attorney to anyone. Just FedEX'ed doc's as needed.
Most likely easier for attorney to have the power, but not sure why they would want the added liability of signing off for you. I am assuming they are legit. Double check with another lawyer.
Help real estate condo for sale please read on?
If a person buys my home for all cash. And signs the contract that we will close in two months and puts 20 percent down.
My question is is there anyway he can break the contract????????
I know if you find a buyer that have to get a mortgage if the appraiser puts your property worth lower then buyer can get out of contract, also alot of people are not qualifying for mortgage these days and I am selling my place without a real estate agent.
Thank you...Help real estate condo for sale please read on?
If you can't or wont get a loan, then you don't have to go through with the contract. You didn't put any money down or take out any loan. It would be very difficult for any one to make you get a loan and buy the property. Don't give a reason. You don't owe them anything.Help real estate condo for sale please read on?
If he is paying ALL cash then there is NO need for an appraiser. An appraisal is needed for the bank that is lending money on a house, to make sure they arent lending on a overpriced property. And yes there are always ways to get out of a contract. A good attorney can find a loop hole. And the previous person that said you get the 20% Earnest money may not be correct. you MIGHT get to keep the earnest money, but highly unlikely. That needs to go to court to be decided. Who has the 20%? I hope you found a good real estate attorney and they are holding the money. Its well worth the $400.00 it will cost you to get an attorney, especially in your case when you have NO representation or professionals helping you. Good luck.
Posted by Vicki Watzlawick, Broker Owner Exit Platinum Realty, Illinois. www.vickisdreamhomes.com
they can.. but they dont get their earnest money back (the 20%) its yours...
My question is is there anyway he can break the contract????????
I know if you find a buyer that have to get a mortgage if the appraiser puts your property worth lower then buyer can get out of contract, also alot of people are not qualifying for mortgage these days and I am selling my place without a real estate agent.
Thank you...Help real estate condo for sale please read on?
If you can't or wont get a loan, then you don't have to go through with the contract. You didn't put any money down or take out any loan. It would be very difficult for any one to make you get a loan and buy the property. Don't give a reason. You don't owe them anything.Help real estate condo for sale please read on?
If he is paying ALL cash then there is NO need for an appraiser. An appraisal is needed for the bank that is lending money on a house, to make sure they arent lending on a overpriced property. And yes there are always ways to get out of a contract. A good attorney can find a loop hole. And the previous person that said you get the 20% Earnest money may not be correct. you MIGHT get to keep the earnest money, but highly unlikely. That needs to go to court to be decided. Who has the 20%? I hope you found a good real estate attorney and they are holding the money. Its well worth the $400.00 it will cost you to get an attorney, especially in your case when you have NO representation or professionals helping you. Good luck.
Posted by Vicki Watzlawick, Broker Owner Exit Platinum Realty, Illinois. www.vickisdreamhomes.com
they can.. but they dont get their earnest money back (the 20%) its yours...
Where would I go to find a condo for sale in my area?
Try www.realtor.comWhere would I go to find a condo for sale in my area?
www.rent.com
www.apartmentfinder.com
www.apartment.com
You can search by location, prize, size, # of bedrooms, and many other options at these web sites. I found them very helpful and some can get you discount rates for using their web site. Happy hunting.Where would I go to find a condo for sale in my area?
start by looking at Yahoo Real Estate...
Local newspapers, rent.com, some agencies in your area might be able to help you.
the drug store sav-on or wallgreens
***
ha ha ha ha ha ha ha ha
i thought you wrote condoms!!! lol im so retarded sometimes
get a recycler newspaper
Does your local newspaper have real estate listings? Are there any real estate agents where you live? This is a world-wide website.
ISOLDMYHOUSE.COM
craigslist.com rules!!
www.rent.com
www.apartmentfinder.com
www.apartment.com
You can search by location, prize, size, # of bedrooms, and many other options at these web sites. I found them very helpful and some can get you discount rates for using their web site. Happy hunting.Where would I go to find a condo for sale in my area?
start by looking at Yahoo Real Estate...
Local newspapers, rent.com, some agencies in your area might be able to help you.
the drug store sav-on or wallgreens
***
ha ha ha ha ha ha ha ha
i thought you wrote condoms!!! lol im so retarded sometimes
get a recycler newspaper
Does your local newspaper have real estate listings? Are there any real estate agents where you live? This is a world-wide website.
ISOLDMYHOUSE.COM
craigslist.com rules!!
I have a Condo for sale 76k, great rate of return on it, what can I do to get it sold asap?
Condo 76k mins from Downtown, In new mexico. I need to sale it ASAP for my client, can anyone help me think of ideas or might no someone interested. 2 bed 1.5 bath 790 sq ft, pool, playground etc... Awesome return on money with high potential rental incomeI have a Condo for sale 76k, great rate of return on it, what can I do to get it sold asap?
Get a RealtorI have a Condo for sale 76k, great rate of return on it, what can I do to get it sold asap?
Are you a realtor? Right now the mortgage industry is suffering so there is no real value at this time. Condo's are expected to really loose value due to the amount of supply. However, you can list the property for sale on www.craigslist.com. Also find out from others that have viewed the property what they found wrong so you can make changes and offer seller financing.
Watch HGTV! They have great ideas! DIY.net
Buy some new furniture and include it in the sale!makeup show lipstick
Get a RealtorI have a Condo for sale 76k, great rate of return on it, what can I do to get it sold asap?
Are you a realtor? Right now the mortgage industry is suffering so there is no real value at this time. Condo's are expected to really loose value due to the amount of supply. However, you can list the property for sale on www.craigslist.com. Also find out from others that have viewed the property what they found wrong so you can make changes and offer seller financing.
Watch HGTV! They have great ideas! DIY.net
Buy some new furniture and include it in the sale!
Where can I find condo for sale information on the website?
I am living in San Jose area, CA and looking for a 1~2 bed condo to buy, but I cannot find much information about this kind of real estate info from the websites.
Beside condo.com; what other websites provide more condo for sale information?
Thank you!!Where can I find condo for sale information on the website?
Go to realtor.com and follow the instructions for zeroing in on the area and type of property you want. They should have lots of listings.
Beside condo.com; what other websites provide more condo for sale information?
Thank you!!Where can I find condo for sale information on the website?
Go to realtor.com and follow the instructions for zeroing in on the area and type of property you want. They should have lots of listings.
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