Comments on: The San Carlos Real Estate Week in Review: 12/12/09 http://www.whiteoaksblog.com/2009/12/12/the-san-carlos-real-estate-week-in-review-121209/ If it happens in San Carlos, it's in here... Sat, 04 Sep 2010 23:38:00 +0000 hourly 1 http://wordpress.org/?v=abc By: Michael http://www.whiteoaksblog.com/2009/12/12/the-san-carlos-real-estate-week-in-review-121209/#comment-10734 Michael Thu, 17 Dec 2009 17:22:17 +0000 http://whiteoaksblog.com/?p=5355#comment-10734 and how any of these overpriced homes would even qualify for a loan is beyond me if they get an appraisal anything like we just got for our refi...$1,080,000 for our 2400 sf 3/2.5, 8200 sf bay view lot, custom home built in 1985. Even the comps they used made almost no sense (including your sale at 465 Dartmouth Chuck) With the smaller house on Frances closing at over 1.2 M, they did not even use that as a comp. They did use an active listing that has not even sold yet; is that possible? and how any of these overpriced homes would even qualify for a loan is beyond me if they get an appraisal anything like we just got for our refi…$1,080,000 for our 2400 sf 3/2.5, 8200 sf bay view lot, custom home built in 1985. Even the comps they used made almost no sense (including your sale at 465 Dartmouth Chuck) With the smaller house on Frances closing at over 1.2 M, they did not even use that as a comp. They did use an active listing that has not even sold yet; is that possible?

]]> By: Chuck http://www.whiteoaksblog.com/2009/12/12/the-san-carlos-real-estate-week-in-review-121209/#comment-10713 Chuck Wed, 16 Dec 2009 19:03:41 +0000 http://whiteoaksblog.com/?p=5355#comment-10713 As if you needed stats to back up your observation, there are only 28 single-family homes for sale right now in San Carlos. The <em>average</em> days on market for those 28? 150 days!! That's 5 months. Regarding selling now vs waiting... No matter how quickly a home sells, it's very intrusive when you sell a home over the holidays. Open houses, broker tour, private showings, inspections, etc... can add a ton of stress to the holiday season. That's why most folks who don't have it on the market by 12/1 opt to wait until early January. On that note, I have an incredible 3BR/2BA home in White Oaks that will be coming on the market on Jan 4 -- more info to follow as we get closer to the date. Thanks for your comments... As if you needed stats to back up your observation, there are only 28 single-family homes for sale right now in San Carlos. The average days on market for those 28? 150 days!! That’s 5 months.

Regarding selling now vs waiting… No matter how quickly a home sells, it’s very intrusive when you sell a home over the holidays. Open houses, broker tour, private showings, inspections, etc… can add a ton of stress to the holiday season. That’s why most folks who don’t have it on the market by 12/1 opt to wait until early January.

On that note, I have an incredible 3BR/2BA home in White Oaks that will be coming on the market on Jan 4 — more info to follow as we get closer to the date.

Thanks for your comments…

]]> By: buyer http://www.whiteoaksblog.com/2009/12/12/the-san-carlos-real-estate-week-in-review-121209/#comment-10712 buyer Wed, 16 Dec 2009 18:37:55 +0000 http://whiteoaksblog.com/?p=5355#comment-10712 I agree, my wife and I are currently looking in San Carlos and Belmont. Seems like the only homes left are the ones that have been sitting due to unrealistic sellers. Many sellers need to get a clue when their property does not sell for weeks on end. As a buyer I anticipate a flurry of action on any decent, priced appropriately, family friendly homes that come to market in the next few weeks. If I had a hot listing ready to go I would list it now vs. waiting for the other inventory to hit in a few weeks. I agree, my wife and I are currently looking in San Carlos and Belmont. Seems like the only homes left are the ones that have been sitting due to unrealistic sellers. Many sellers need to get a clue when their property does not sell for weeks on end.

As a buyer I anticipate a flurry of action on any decent, priced appropriately, family friendly homes that come to market in the next few weeks. If I had a hot listing ready to go I would list it now vs. waiting for the other inventory to hit in a few weeks.

]]> By: Michael http://www.whiteoaksblog.com/2009/12/12/the-san-carlos-real-estate-week-in-review-121209/#comment-10621 Michael Sun, 13 Dec 2009 19:34:57 +0000 http://whiteoaksblog.com/?p=5355#comment-10621 and as long as overpriced dumps are on the market with little or no new inventory, sales are very likely to dry up until next month. Every house has a buyer, but it's a shame so many agents and/or clients are adverse to making improvements or properly lowering their prices in order to sell. I can hear them now, "if we just wait it out, I know we'll get our price". They may never learn... and as long as overpriced dumps are on the market with little or no new inventory, sales are very likely to dry up until next month. Every house has a buyer, but it’s a shame so many agents and/or clients are adverse to making improvements or properly lowering their prices in order to sell. I can hear them now, “if we just wait it out, I know we’ll get our price”.

They may never learn…

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