capocorso_IHB
New member
I am finally seeing some foreclosures selling in north LA county (Valencia area) where I am eventually going to buy. My question is that even after these homes sell there is not a lot of drastic movement by the other properties. Example: FC sold for 610,000, home three doors down and the exact same model is still asking 729,000.
I realize this may be non motivated buyers, but would any appaiser or any bank these days value anything in that area more than 610,000? Isn't it pretty much impossible to find a buyer who is going to buy a home in this market for more than another comp in the area?
I did see one home drop there price from 730,000 to 629,000 overnight after the FC closed....of course it is still not sold. I think the next house in the area will sell for less than 600,000.
I realize this may be non motivated buyers, but would any appaiser or any bank these days value anything in that area more than 610,000? Isn't it pretty much impossible to find a buyer who is going to buy a home in this market for more than another comp in the area?
I did see one home drop there price from 730,000 to 629,000 overnight after the FC closed....of course it is still not sold. I think the next house in the area will sell for less than 600,000.