tag:blogger.com,1999:blog-3329419642567789295.post2535621102370193422..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Bit's and pieces from the news desk.Larry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3329419642567789295.post-26230955989070932802008-06-10T10:39:00.000-07:002008-06-10T10:39:00.000-07:00I'm familiar with the Oak hills area. There are so...I'm familiar with the Oak hills area. There are some sweet homes up there. When nothing is selling it's very hard to convince the bank that your offer is a good one. They have no comps with which to compare. You can try to estimate based on the stuff that is selling using a time frame. If the current crop of REO's are selling at early 2003 prices then you can estimate what homes in Oak Hills were selling for in that time frame. They may agree with your logic or they may not. Another thing that has worked for some people is to submit a second offer a month or two later that is 10% less than your first offer. Let them know that the market is falling 5% per month or what ever it is falling (figure your offers accordingly). This has worked for some. It sorta shocks the banks back to reality.<BR/><BR/>Custom homes are always hard to value. The location, the lot, the quality of the home all will affect the value, much more than on a tract home.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-86175050881299104102008-06-09T06:29:00.000-07:002008-06-09T06:29:00.000-07:00We are thinking about buying a custom home in Oak ...We are thinking about buying a custom home in Oak Hills (High Desert, Hesperia area) The price right now is under $100 per sq. ft in the zip code area but that is due to the tremendous amounts of newer track homes up for sale. This home is on 2.3 acres and is completely custom. Wells Fargo is asking $134 per sq. ft. I can't find any comparable sales. Basically nothing is selling.. Anybody have any idea how to price a custom property like this. I think the bank is asking way too much.oakhillsgirlhttps://www.blogger.com/profile/03911208364937373207noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-30903831101011298352008-06-05T13:02:00.000-07:002008-06-05T13:02:00.000-07:00The prices are still dropping in Orangecrest. The ...The prices are still dropping in Orangecrest. The low ones are getting multiple offers but the rest are just sitting there. More and more are hitting the market at the lower prices. The sales of these (even though many are selling over asking) is bringing the comps down. That means that the new homes hitting the market need to be priced accordingly. As more homes get priced accordingly there will be less competition and the prices should start to come down a little quicker. That plus once the fall and winter hits there will be less buyers so that should also continue to bring the prices down. <BR/><BR/>I've definately noticed more homes hitting the market at more reasonable prices. In the Bridle Creek tract that I watch the average low prices have fallen over $50k in the last few weeks. A month ago there was nothing under $520k in that tract. Now there are a half dozen under $500k, short sale listed for $400k and 4 or 5 REOs in the mid to high $400s. So the prices are still falling.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-22227294286354914522008-06-05T12:03:00.000-07:002008-06-05T12:03:00.000-07:00So can anyone give an opinion as to what you think...So can anyone give an opinion as to what you think will happen to the Orangecrest/92508 area? There are a lot of people looking and while I realize sales pick up in the spring and summer, this is making me wonder what's going to happen in the fall and winter. There are multiple offers . If people would just wait or offer less they could get a deal. Very surprised.Paige Hinrichshttps://www.blogger.com/profile/12178480903123315089noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-29222201537560801722008-06-05T08:04:00.000-07:002008-06-05T08:04:00.000-07:00Thanks for the response!Thanks for the response!Smilensidehttps://www.blogger.com/profile/15178485335512556868noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-39670241048701331432008-06-04T16:33:00.000-07:002008-06-04T16:33:00.000-07:00Nearly everything built in the last 10 years out i...Nearly everything built in the last 10 years out in the IE has mello roos. The developments that don't are usually the custom homes or high end large lot type tracts. But if you want something. Property taxes vary from city to city and zone to zone but usually that is not a lot (.1% to .2%). The Mellos Roos can add another .6 to .8% to your total tax. Most of the newer tracts are aroun 1.8% when you add it all up. Then HOA fees are on top of that. <BR/><BR/>I'm not all that familiar with Fontana but I do know that anything east of the 15 fwy gets sandblasted by the Santa Ana's every winter and spring. I'd try to stay west of the 15 (the more west the better). <BR/><BR/>The commute is UGLY on the 10fwy although the 215 hasn't been too terrible when I've used it. I did that for a short while 15 years ago and it drove me crazy (the I-10). I would think with $150k income you could find something closer to work (Factor in saving a few hundred a month in gas too).golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-3757868325182116702008-06-04T10:44:00.000-07:002008-06-04T10:44:00.000-07:00I am thinking about moving to the inland empire. S...I am thinking about moving to the inland empire. Sierra Lakes in fontana maybe. I am not sure at all. I work in Downtown L.A and so does my husband. I know its a tough commute, but I can not afford a nice home in L.A...we have been waiting and waiting. We dont want to have to use both our incomes to afford housing. We want to live on one income. We make approx 150k per year combined. I am trying to figure out where we can get the nicest home in the nicest subdivision, for the cheapest price. Also I notice there are mello roos in these areas and it seems the property taxes are higher. Is this true for most of the subdivisions. We would like at least 4 bedroomsSmilensidehttps://www.blogger.com/profile/15178485335512556868noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-3109101381126884132008-06-04T10:18:00.000-07:002008-06-04T10:18:00.000-07:00Yea, I saw that a few days ago. That's about one o...Yea, I saw that a few days ago. That's about one of the dumbest promotions I'v seen yet. What person buying a 1.6M house in an uppity part of town is gonna want some townhouse in the ghetto? Eh, hello, Mr. Builder, how about just lowering the price of that 1.6M house by a few hundered K. I'd bet a nickel no one goes for that deal.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-88525409350239590672008-06-04T07:26:00.000-07:002008-06-04T07:26:00.000-07:00http://blogs.moneycentral.msn.com/smartspending/?f...http://blogs.moneycentral.<BR/>msn.com/smartspending/<BR/>?fpn=buy%20one%20home%20and%20get%<BR/>20a%20second%20one%20free<BR/><BR/>Sorry this is the complete linkbigdog76https://www.blogger.com/profile/12337166739162243738noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-6421612022298453782008-06-04T07:25:00.000-07:002008-06-04T07:25:00.000-07:00Good article. New home builder is now offer a two ...Good article. New home builder is now offer a two for one on people that buy his homes starting at 1.6 million he will throw in a $400,000 house.<BR/>How about he drop the price $400,000?<BR/><BR/>http://blogs.moneycentral.msn.com/smartspending/?fpn=buy%20one%20home%20and%20get%20a%20second%20one%20freebigdog76https://www.blogger.com/profile/12337166739162243738noreply@blogger.com