How sellable is a house in the 92532 zip code? 32060 Meadow Wood Lane to be exact.

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October 18 2009 - Lake Elsinore
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Answers (2)

Profile picture for Harold Sharpe
Hi Surfchick1

You are asking,
 "How sellable is a house in 92532?"
Right now and for this week your odds are better than excellent.
The reason is because there are so many buyers trying to get a house before the $8000 first time home buyer tax credit is over.  It ends the end of November.  Which means the buyer has to buy the house and close escrow before the end of November.  Keep in mind in November alot of people will be taking off for Thanksgiving etc. Loans right now are taking approx 35 days as well.  So If you are the Owner, and the house is in reasonably good shape, and you are interested in selling, around now, I personally would not wait. That means GET ON IT!

Two Weeks from now, the market could be dead.  From the phone calls, I have been getting it looks like now or never.

On the other hand, If you are thinking will the market go up?  I think odds are that the market will go up in 2013-2014.  Keep in mind that is an educated guess, and I own no crystal ball. Of course there are no guarantees.
    I hope this answers your question.  If you have any other questions, give a buzz or an email and I will try to help you.

Thanks
Harold Sharpe
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October 19 2009
At the moment there are more buyers then their are listings so homes are selling extreamly fast unless they are a short sale. The short sales are only taking so long because the bank is taking 3 to 9 months to decide if they are going to let the sellers out of the loan or not.

Even the short sales are having multipul offers on them durring this time. If you can sell with out having a short sale it should be extreamly sellable if it is in good condition not needing any repairs. The current problem is that the offer price is going above the apprasial price and having problems with the loans funding.
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October 19 2009
 

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QuestionHow sellable is a house in the 92532 zip code? 32060 Meadow Wood Lane to be exact.
  • Latest answer by Harold Sharpe
  • October 19 2009
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