Comments on: I’ve got $300K, Do I Hear $325K….SOLD, the Real Estate Auction http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/ Your Home Is Our Business Fri, 03 Feb 2012 10:35:45 +0000 hourly 1 By: DN http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-11500 DN Mon, 05 Oct 2009 23:37:18 +0000 http://www.up2daterealestate.com/?p=3305#comment-11500 Nice to see prices getting down to a reasonable level for first time buyers in the nicer parts of Southern California. Thanks for the update! Nice to see prices getting down to a reasonable level for first time buyers in the nicer parts of Southern California. Thanks for the update!

]]> By: Jerry http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-10108 Jerry Mon, 17 Aug 2009 01:38:04 +0000 http://www.up2daterealestate.com/?p=3305#comment-10108 Went to this auction and never really got a chance to bid. The 1042 sqft 2 Br units sold from 420k to 469k from starting bid of 265k. The bigger units sold fr 567k to 600k. The 708 sqft loft units sold fr 303k to 310k from starting bid of 185k. This property sold out in lesss than 2 hours. Went to this auction and never really got a chance to bid. The 1042 sqft 2 Br units sold from 420k to 469k from starting bid of 265k. The bigger units sold fr 567k to 600k. The 708 sqft loft units sold fr 303k to 310k from starting bid of 185k. This property sold out in lesss than 2 hours.

]]> By: BC http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-9579 BC Fri, 31 Jul 2009 21:06:37 +0000 http://www.up2daterealestate.com/?p=3305#comment-9579 You are probably right about the stooges as this is the norm at most auctions. With 650 sqft studios starting the bid at 165k and the largest 1700 condo starting at 395k, I'd say that it's only worth buying if people buy them at the starting bid price. Anything more than $5k more is still overpriced. that is still about $250/sqft and you have to pay HOA and do not have a private garage. The sad thing is that Doug is right. People will overbid and the Dalton will have succeeded in getting more money. 1 year ago I offered them $395k for the 1700 sqft condo. They laughed. next week they start their bid at 395. You are probably right about the stooges as this is the norm at most auctions. With 650 sqft studios starting the bid at 165k and the largest 1700 condo starting at 395k, I’d say that it’s only worth buying if people buy them at the starting bid price. Anything more than $5k more is still overpriced. that is still about $250/sqft and you have to pay HOA and do not have a private garage. The sad thing is that Doug is right. People will overbid and the Dalton will have succeeded in getting more money. 1 year ago I offered them $395k for the 1700 sqft condo. They laughed. next week they start their bid at 395.

]]> By: Doug http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-9399 Doug Fri, 24 Jul 2009 00:13:55 +0000 http://www.up2daterealestate.com/?p=3305#comment-9399 Tim, It was my understanding that many of the banks had requirements that 50% of the units must be under contract. Firthermore it was my understanding that this was why the Dalton seemed to close with no information that left me wondering as to its future. I had heard that they contracted with a new bank that agreed to 20 to 25% as opposed to the 50%. Tim,
It was my understanding that many of the banks had requirements that 50% of the units must be under contract. Firthermore it was my understanding that this was why the Dalton seemed to close with no information that left me wondering as to its future. I had heard that they contracted with a new bank that agreed to 20 to 25% as opposed to the 50%.

]]> By: Los Angeles Real Estate Featured - Extra-Big Cooling Paddles Need for Pasadena’s Dalton Auction http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-9322 Los Angeles Real Estate Featured - Extra-Big Cooling Paddles Need for Pasadena’s Dalton Auction Mon, 20 Jul 2009 21:30:35 +0000 http://www.up2daterealestate.com/?p=3305#comment-9322 [...] at $759,000 will have a starting bid at $375,000. But the bloggers over in Pasadena are suspicious. Via local blogger Doug Willis: “It has been rumored the auctioning company will have stooges planted throughout the [...] [...] at $759,000 will have a starting bid at $375,000. But the bloggers over in Pasadena are suspicious. Via local blogger Doug Willis: “It has been rumored the auctioning company will have stooges planted throughout the [...]

]]> By: 151 | New York Real Estate http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-9321 151 | New York Real Estate Mon, 20 Jul 2009 21:08:21 +0000 http://www.up2daterealestate.com/?p=3305#comment-9321 [...] Willis presents I’ve got $300K, Do I Hear $325K….SOLD, the Real Estate Auction posted at [...] [...] Willis presents I’ve got $300K, Do I Hear $325K….SOLD, the Real Estate Auction posted at [...]

]]> By: Tim K. http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-9320 Tim K. Mon, 20 Jul 2009 19:52:21 +0000 http://www.up2daterealestate.com/?p=3305#comment-9320 Are you certain that the 50% requirement from Fannie Mae is really only those which have *entered* escrow? Because if that's the case, an auction is really an unnecessary diversion to make this happen. I do suspect this is more of an "advertising" auction than a legitimate one. Are you certain that the 50% requirement from Fannie Mae is really only those which have *entered* escrow?

Because if that’s the case, an auction is really an unnecessary diversion to make this happen.

I do suspect this is more of an “advertising” auction than a legitimate one.

]]> By: Mark http://up2daterealestate.com/2009/07/17/ive-got-300k-do-i-hear-325ksold-the-real-estate-auction/comment-page-1/#comment-9315 Mark Mon, 20 Jul 2009 16:13:52 +0000 http://www.up2daterealestate.com/?p=3305#comment-9315 Nice to see prices getting down to a reasonable level for first time buyers in the nicer parts of Southern California. Thanks for the update! Nice to see prices getting down to a reasonable level for first time buyers in the nicer parts of Southern California. Thanks for the update!

]]>