Thursday, January 31, 2008

Realtard of the week

This weeks winner is,
HILARY AYERS
FIRST TEAM SNS - DIAMOND BAR

She wins for this new listing in Norco ( I should cut her some slack as it is a new listing, but I'm having a bad night, so poor hilary gets it).

1536 Valley DR Norco, CA 92860, This is up in Bretton Gait and it is a 4488 sq/ft home on a 3049 sq/ft lot according to Hilary. This is obviously a mistake since these homes sit on 1/2 acre lots. This is her entire description, " BEATUIFUL HOME ON LARGE LOT. .. . TONS OF UPGRADES. A MUST SEE!" That's it, one sentence (or is it two?) and a fragment. One misspelling, all caps and an exclamation point. Large lot? well we know it is but it's listed as 3049 sq/ft. Must see huh, well how about a picture then. No pictures yet. This is one of the weekest listings I've seen for a $700k home.

Now on to the Price. This home was last purchased in Sept 05 for 1.2 million. Now it's listed for $699k. That's half a million dollars down the drain. rejunkie reports this is an REO that went back to the bank for $965k. So the bank is listing it $265k off what they are owed right off the bat.
Since there is no picture I screen grabbed the listing since you "MUST SEE!"

17 comments:

golfer_X said...

Excuse the goofy text in this post. I don't know what's up. It looks fine in the preview window. Google must be having a bad night.

REJunkie said...

This is not a short sale, its an REO. Property went back to the bank on 1/18/2008 for $965,767. I wish there were some photos!

Anonymous said...

I see she has a picture up now too. Wow, that bank is taking one for the team. Listing it for $265k less than the note.

Snob from Morgan Hill said...

4488 sqft....This place is great for multiple family dwelling

Anonymous said...

I'm surwe the guy at 1536 Valley Rd. is thinking suicide at this point. He's got a 5BR/3BA for over 1.1 MM.

That's gonna leave a mark.

Briar said...

Did anyone see a B17 flying over the Eastvale area yesterday? I could swear that's what it was. It looked like it had just banked, probably around the Corona airport. I know there's only a few operational B17s left. I had an opportunity to go through one a few years ago. I'm wondering whether it's on a tour or something.

B-17 lover said...

Briar,
No B-17 flyovers(Murrieta), but how fitting......I know some vacant homes where the owners would like no more than to see one of those "old girls" drop their payload of bombs on the tile rooftops below marked with foreclosures "X's". But then again, most of them are not paying their insurance policies.

golfer_X said...

I saw a P-38 tear over the 91 fwy today on my way home, he was heading south towards Temecula. The B-17 probably came out of Chino. lotsa warbirds over there. There are a Few B-17s around but the rare duck is the B-24. I saw one flying with a B-17 at the Vegas (Nellis)Air Show in November. Cool stuff!

Briar said...

GX:
Thanks! At least I know I'm not going nuts! Do they let you tour those WWII planes at Chino?

BTW, what's up with Redfin today. All of a sudden it says it doesn't cover Riverside and San Bernardino counties. There's no previous sales info for any of the properties and it wants me to submit my email if I want to be notified when they do start covering this area. HUH?! They've been covering us all along, haven't they?

golfer_X said...

There is a Museum at Chino, The Planes of Fame. It has a large collection of warbirds. Mostly WW-II stuff but they have some WW-I, Korea and Vietnam vintage too. They have some really unusual planes so it's well worth the entry fee. You can see the first US jet fighter (Bell P-59), One of the early flying wings, a Japanese version of the ME-163, A Raiden etc. As far as the flyable planes go you never know what will be there as those planes are actually flown and might be out at an airshow. I don't know if they still do it or not but you used to be able to buy a ride in a P-51. Not cheap but worth it if you are a plane buff. The B-17 was giving rides on the Friday before the Riverside Airshow a few years ago. You might check this year (the show is March 29th I think).

Briar said...

I'm way too big a coward to go up in a plane that's older than I am, but I'll definitely check out that museum. Thanks for letting me know!

Any comment on Redfin? I can't figure out why, suddenly, it doesn't cover the IE. It makes it much less useful. At least it decreases the likelihood that I'll do something stupid and buy a house.

golfer_X said...

I don't know, Redfin is working fine for me. They have made some changes to it though.

FairEconomist said...

She might be the one who pushed for the low (but sensible) price. If so, she *really* doesn't deserve realtard of the week, even if he sales work so far is subpar. Let's face it, sensible pricing is the absolute #1 thing.

golfer_X said...

Agreed, for the area the price is one of the lowest. Still no excuse for the lame listing. Really, how long does it take to write a few lines of text about the property. Even though this is one of the lowest priced homes in the area it's still spendy. The only home I've seen move up there lately was priced at $625k. It had a pool a basketball court and an artificial grass putting green.

Briar said...

GX:
If you've got a min, please go look at these screen caps:

http://www.blogilow.com/redfin/redfin1.tiff
http://www.blogilow.com/redfin/redfin2.tiff

Notice the "Out of Service Area" thing on the right side of the first one. So I pulled up the service area and it no longer includes Riverside and San Bernardino Counties. I pulled up the Los Angeles County service area just to see if the IE might be in it even tho we're not in LA County, and we're not.

I can't figure out how you can be getting IE coverage and suddenly I can't! This takes me off the market for sure. Without easy access to the past sales info I won't even bother looking anymore.

golfer_X said...

I do get that out of service area message. Redfin search and listings still works just fine though. Redfin does not have sales reps (agents?) covering the IE. So you may not be able to buy a house through them. It says it's on a case by case basis.

The search function still works fine. They have made some changes to the format and it's actually a little better. The prior sales info is way down near the bottom of the listing. They have also added the listing price history (similar to Zip Realy does). So now you can see where the original listing price started and how often they lower it.
So ignore the little blue box that says "out of listing area" and scroll down. The info you want is below the aerial shot of the property.

GX

Briar said...

ack! I feel stupid. You're right. They just changed it so it wasn't where it used to be and....anyway, you know the rest.

Thanks for leading the way.