Friday, July 13, 2007

A picture's worth a thousand words...

...but this one says absolutely nothing.
14356 Brenan Way, Tustin, Calif., 92780
Size: 4 bed, 2 bath, 2,101 sq ft
MLS: F1716866 (43 days on Redfin)
Current asking price: $735,000 on ZipRealty (updated price); $729,950 on Redfin
Purchase price: $875,000
Purchase date: 11/04/2005
Additional sales history: 09/27/2000: $362,500
ZipRealty price tracker: Price Increased: 07/12/07 -- $729,950 to $735,000
Other info:
$/Sq. Ft.: $347
Lot Size: 10,300 sq. ft.
Stories: 1
Type: Single Family Residence
View: Pool
County: Orange
Neighborhood: North Tustin
From Redfin listing: What a buy!A great way to buy! Get into this one story sprawling 4bedr ooms, 2baths located at the end of a cul de sac. Offers 2fireplaces, polished hardwood floors, a kitchen to die for w/ granite countertops & backsplash. Entertainments delight swiming pool/jacuzzi w/ safety net coverings. Subject to lenders final short sale approval. NO LOCKBOX. CALL AGENT FOR ACCESS. TENANTS ARE ALL OUT. LENDERS HAS APPROVED SHORT SALE. NO LONG WAIT. CLOSE SOONER THAN 30 DAYS. WRITE.

From ZipRealty listing: What a buy!A great way to buy! Get into this one story sprawling 4bedrooms,2baths located at the end of a cul de sac.Offers 2fireplaces,polished hardwood floors,a kitchen w/granite countertops & backsplash.Swiming pool/jacuzzi w/safety net coverings. Appraised at $735,000.Subject to lenders final approval. No lockbox. Call agent for access. Tenants are all out. No long wait. Close sooner than 30 days.Write your offer.

Note - I bolded the differences between the two listings for easy comparison. I would assume that the ZipRealty one is the newer version, since the listing on that site was more updated.

I like the first two sentences of the listings - it's as if the person who wrote this is trying to convince both the buyer and themself that it might actually be a good idea to buy this place.

Nothing like knowing your future home was just used as a rental to inspire buyer excitement and confidence. But at least we also know that the tenants are all out...implying that there were more than a few living in this "entertainments delight."

Hope those tenants took good care of the place...except there aren't any photos so we don't know for sure.

And what's with the price increase, considering it's been more than a month without a sale? Guess it's such a "great way to buy" that the longer you wait, the more you pay!

Assuming they get the full $735,000 asking price (but considering they couldn't sell it for less, I don't see this happening) and pay out 6 percent commission, the loss on this property will be $184,100.

0 comments: