Potential Bargain Property July 3rd, 2006

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General: Santee, 3 Bedroom 1 bath, asking price range $350,000 to $375,000.

Why you should be interested: Single family residence at a price you would expect to pay for a condominium, in easy commuting distance to most employment centers.

Selling Points: Kitchen looks nice. If the rest of the property looked like that, it would have sold already. Then again, it would also have sold for a much higher price.

Why I think it's a potential bargain: Curb appeal is limited to nonexistent. The neighborhood isn't bad, but it certainly lacks visual appeal on the gut level. On the market over three months and vacant, which motivates a lot of owners to deal. No recent sales within a block, but nearby homes have sold for much more very recently.

Obvious caveats: If there's air conditioning, I can't find it, a real necessity in East County. A buyer intending to live there should probably plan to install it.

Why it hasn't sold already: no curb appeal, unappealing neighborhood, no air conditioning

Fact you should be aware of: The reason for the low price is that it needs work. There's a limit to how much you can do without being a Misplaced Improvement, but this property can be made much more attractive to buyers than it currently is.

Call me. Action Realty 619-449-0723, ask for Dan.

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anniesuh321 said:

hello dan,

my name is annie and i really lilke your honesty. i just recently bought a home and i feel like i got a little ripped off in some way. but then maybe i didnt. i dont know. anyways, how soon after you purchase a home can you refinance???

Dan Melson said:

Good question. I wrote an article, and it'll appear on my other site Tuesday morning (aug 22nd). I'm so far ahead here that it may be a while before it appears.

Please be civil. Avoid profanity - I will delete the vast majority of it, usually by deleting the entire comment. To avoid comment spam, a comments account is required. They are freely available, and you can post comments immediately. Alternatively, you may use your Type Key registration, or sign up for one (They work at most Movable Type sites). All comments made are licensed to the site, but the fact that a comment has been allowed to remain should not be taken as an endorsement from me or the site. There is no point in attempting to foster discussion if only my own viewpoint is to be permitted. If you believe you see something damaging to you or some third party, I will most likely delete it upon request.
Logical failures (straw man, ad hominem, red herring, etcetera) will be pointed out - and I hope you'll point out any such errors I make as well. If there's something you don't understand, ask.
Nonetheless, the idea of comments should be constructive. Aim them at the issue, not the individual. Consider it a challenge to make your criticism constructive. Try to be respectful. Those who make a habit of trollish behavior will be banned.

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About this Entry

This page contains a single entry by Dan Melson published on July 3, 2006 8:41 PM.

Real Loans As Of 4:00 PM July 3rd 2006 was the previous entry in this blog.

Potential Bargain Property July 6th, 2006 is the next entry in this blog.

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