<p>I saw that house come up on the MLS, artloversplus. Wrong side of Shoreline for me but that’s just my personal preference. The 2 main issues that most buyers would object to are the street itself (mix of SFHs and apartments) and the fact that it’s on a flag lot, which is a major negative. I might take a look at it this weekend if I have time.</p>
<p>I hear you… We put a bid for 1950 Latham and lost it. Well, it was for a church. But that can be a great house! It is in R3 zone, so you can put in a “priest quater” in it. It can be hell of a 5000sft ranch home.</p>
<p>What is a flag lot?
S1 and fiancee are heading in that direction of CA this fall. Buying a house, even in a few years, seems a sobering proposition.</p>
<p>A flag lot is a long deep lot with one house at the front with frontage on the street, and a second house behind it accessible via a long driveway on one side of the lot. The back lot looks like the shape of a flag, with the driveway being the flag pole. These are fairly common here and mostly undesirable because the back house looks directly at the back of the front house, rather than having a street view.</p>
<p>Most Realtors here use that tour hosting company, arabrab. I guess I’m just used to it as it doesn’t faze me (and I have a fast connection) ;)</p>
<p>*Are you going to counter for list? How hot is the Greater LA area? I take it that it’s nothing like the Bay Area.
*</p>
<p>A couple siblings and I wanted to counter the offer that was $10k below asking (just by $5k), but the other sibs were gun shy so we accepted that offer that day. So, house for sale on Sunday, sold by Tuesday night. </p>
<p>Hope this is a sign of good things for everyone.</p>
<p>I’m in South Orange County CA, in Coto de Caza. Our realtor (who sells more homes in our little “town” with a population of 13,000 than most all the other realtors combined) called today to tell us that he now thought that we could list our house for almost 10% more than he told us 60 days ago. Inventories are low for this time of year and homes priced correctly are selling. Having said that, I completely agree with the experts and also those of you who have stated the next BIG wave of foreclosers is coming. </p>
<p>I think now is a good time to sell and I think that is what we are going to do.</p>
<p>Jym, please tell us that you have FINALLY completely closed your sale!</p>
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<p>We need more foreclosures to happen, to get all the shadow inventory out of the system. I know that it wasn’t in the banks’ interests to have all that inventory come on the market at the same time (and severely depress prices). However, the way things have happened seems like being killed with a thousand little cuts over a very, very long time!</p>
<p>Yes, thanks for asking ellemenope. In this post, back on Mar 20 <a href=“http://talk.collegeconfidential.com/14049564-post1480.html[/url]”>http://talk.collegeconfidential.com/14049564-post1480.html</a> I reported that we were done. THe 2 glitchews at closing finally got straigntened out. Had to hire another attorney to fix the title issue (mine tried to dump it bacak on me to dealwith while he left for vacation!) and the other was a radiator issue that was minor but they made a huge issue of at closing. But. Its. Done. Halleluyah. Sounds like, from all I am reading here, that I sold at the market low. But its done.</p>
<p>Being done is worth a lot. Congratulations on finally being able to finish. I’m sure it was a dark cloud hanging over your head; one more thing, one more thing. Enjoy your spring and summer!</p>
<p>I posted a week or so ago about 2 homes getting contracts on the same street in e same weekend…oh well, both fell thru…back on market again…very odd to see 2 deals fall apart on the same streeet at same time…</p>
<p>Home inspectors are issuing ‘War and Peace’ type reports and scareing the Bejesus out of potential buyers…i also posted about a third home then went undr contract recently, their buyers have a 61 page report of issues, many minor BS issues,some minor stuff, and several flat out wrong assumptions… I met with contractors as sellers no longer live locally, and not one of the major concerns was legit</p>
<p>Maybe the buyers got scared when they found out you live in the neighborhood… :)</p>
<p>The reports are scary to read…</p>
<p>Qdogpa…you are doing a lot of remodeling…are you thinking of moving in the next few years?</p>
<p>The owners of a townhouse in my community that I thought asked 10 percent or more too much, just reduced the price by 5 percent…getting closer…to the real price…I guess buyers aren’t reaching yet.</p>
<p>Actually, in a rising market, the appraiser is your biggest enemy. If the bank found the appraisal is below the contract price, the buyer needs more equity down and it could be a real deal breaker. </p>
<p>Inspections seller can do before put the house on the market and make it a part of the disclosure. so the price negotiated will be included repair costs.</p>
<p>Lol, i don’t live near any of these homes, 2 are in my former town, the other a few miles away…we plan to live in our current home at least 10 years…i have no problems remodeling,and don’t worry about possible ROI on these projects…we do them because we want to…worrying about your homes value at some indeterminate time in the future is a waste of time…</p>