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Little to buy as market stages a comeback
“Real estate has always been about supply and demand. When there is no supply, there is no resistance to rates. When there is supply, there is resistance to rates.” Samuel Zell, billionaire real estate investor, Interview with Greg Miles – Bloomberg Television August 21st, 2008.
And Zell followed in the interview to predict a turnaround [...]
The Best of Portico at Rancho Carrillo – Bank Owned.
12. January 2010
Just completed CFK’s!! Not yet on the MLS but coming online soon. Model-like interior with stunning views to the ocean. Large patio yard with open space on the north side.
3 bedroom, 2.5 bathroom and approx. 1,538 sq. ft. – Price likely in the low $400s. We are excited to see!
Call today to join interest list [...]
The Luxuary Foreclosure Market
7. January 2010
Most often bank-owned properties being sold are thought to be all rundown homes in the less desirable areas of the county listed at prices usually no more than a few hundred thousand dollars and often even under $100k. Buyers look for and want to buy bank-owned properties because they think they will get amazing deals [...]
Continue reading...Best Bank Owned Deal in Mira Mesa “The Villas of New Salem”…
29. December 2009
Just got the list price last night. Already one cash offer in hand. Another reason to keep an eye on the blog constantly as these deals move quickly. 2 bed/2 bath in a very nice community with low $180 per month HOA fees. Single level. Bank in process of adding new stove, carpet cleaning and full [...]
Continue reading...The Pros and Cons of Purchsing a Foreclosure
27. December 2009
I was amazed to discover that the “down market” started almost four years ago. We closed our first REO in June 2006. It was a small cottage on a large lot in Vista. We worked with Countrywide (remember them?) and sold it in record time. Not because it was a good deal per say, but [...]
Continue reading...Carlsbad’s Aviara Hold’s its Value
26. December 2009
We at The Lund Team, Inc have been involved with selling Aviara since its inception. And even as the Four Seasons sat uncompleted and the area was mostly unbuilt, we pushed a constant stream of positive arguments for the value of the area. Sandy and Carlton purchased in Mar Fiore in 1995. And this years sales numbers show that the value of Aviara has [...]
Continue reading...Water’s End “Best Value West of I-5” in Carlsbad
26. December 2009
Looking for a gated, newer, walk to the beach location in Carlsbad, California… think Water’s End?
Built by John Laing Homes (known for quality product) in 2003. this is a neighborhood to keep on your 2010 radar.
Market update:
2009 – average sales price for last 6 months Dec – July = $710,000 at $302 per sq. ft.
2005 – [...]
Adding Value and Income in South Oceanside (South “O”)…
23. December 2009
Looking to live by the beach, west of I-5, no homeowner or Mello Roos fees? Want to live in an area where all the homes don’t look identical? You will like South “O” or South Oceanside; located adjacent to Carlsbad along the Buena Vista Lagoon, south of Oceanside Blvd all the way to the Pacific [...]
Continue reading...Short Sale’s Are Now Tougher. Thanks. No Really…
21. December 2009
This is a market changing turn for San Diego short sales and even short-sales nationwide. This gives homeowners and their agents not room for error when going for short sale approval.
Today’s Morning Email from our Short-Sale Specialist: Note – the homes lost to auction were not Lund Team clients.
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Date: Sun, Dec 20, 2009 at 9:12 PM
Subject: 911-Regarding Sale Dates
Hi Team,
I [...]
“All I want for Christmas is a Bank Owned deal in Pacific Beach…”
16. December 2009
Upcoming REO/Bank Owned property in Pacific Beach. Large townhome walking distance to the heart of Pacific Beach. Great location, quiet street, parking, bedroom/bathroom on 1st level and so on.
We’re planning cash for keys in the next week or so which gives us a couple weeks after that before list price.
Built in 1987, 3 bedroom, 3 [...]
15. January 2010
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