Oh wise IHB posters, your opinions please. Did I suck up enough ;)

B

BurnedbyToll_IHB

New member
<a href="http://www.redfin.com/CA/Yorba-Linda/4038-Humboldt-Ln-92886/home/5950413">http://www.redfin.com/CA/Yorba-Linda/4038-Humboldt-Ln-92886/home/5950413</a>

<a href="http://www.redfin.com/CA/Yorba-Linda/18589-Oaklawn-Ln-92886/home/5955765">http://www.redfin.com/CA/Yorba-Linda/18589-Oaklawn-Ln-92886/home/5955765</a> (Less than the other two), but no landscaping at all!)

<a href="http://www.redfin.com/CA/Yorba-Linda/4644-Ponderosa-Way-92886/home/5899184">http://www.redfin.com/CA/Yorba-Linda/4644-Ponderosa-Way-92886/home/5899184</a>

<a href="http://www.redfin.com/CA/Yorba-Linda/18747-Pimlico-Ter-92886/home/5956215">http://www.redfin.com/CA/Yorba-Linda/18747-Pimlico-Ter-92886/home/5956215</a>



I am not picking these properties for any other reason than there are lots in this price range in Yorba Linda. For those with more experience in predicting this market, do you think that homes in this price range have any further to fall? If so what is your "guesstimate" of how much further they have to fall. Any opinions would be apprectiated.



Agents in general keep telling me sellers want to get back what they paid, but there seems to be a disconnect with people realizing if you bought high you just wont get your money back in this market. Anyone else seeing that? For example on the second listing I was told I couldn't make a lower offfer because the seller "had to get back what he paid". Anyone having this problem?
 
i'll play: $700k in 18 months.



there is a 4k sf house across the road for sale for 1.3, that sold in 2003 for $750k, same size lot, fully scaped with pool. there is your comp.
 
[quote author="freedomCM" date=1239094437]i'll play: $700k in 18 months.



there is a 4k sf house across the road for sale for 1.3, that sold in 2003 for $750k, same size lot, fully scaped with pool. there is your comp.</blockquote>


Thank you for playing, I agree, I was just hoping it wasn't wishful thinking on my part since all the realtors here are convinced we are at bottom.
 
I'm not sure why the seller's wish/hope/dream/delusion that he "has to get at least what he paid for it" is your problem. Aren't RE agents required to show all offers to their clients? And in reality, the odds are the real number is "he has to get at least what he owes the bank, plus property taxes" which may or may not be the same as "what he paid for it."
 
Most of these homes owe so much to the bank, it's still overpriced to pay off the loan. Also, agents are really stubborn about showing you something they know you will write a lowball offer on. I know I have asked several. I get the "we are so busy", "they won't consider your offer". I am pre-approved for for about $860,000 so they want to only show me homes listed at that price which is ridiculous to me. I wouldn't pay list on anything I have seen so far.
 
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