San Bruno Rocking the UNDERBIDS

21

How much would you expect to pay for a fixer backing up to a freeway?

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22

In this market? 1.4

23

Seriously!!! :open_mouth:

24

In MV though…

25

I lost out on this one earlier this year. My bid was $1M even Steven…

https://www.redfin.com/CA/Sunnyvale/854-Lakewood-Dr-94089/home/586503?utm_source=myredfin&utm_medium=email&utm_campaign=ios_share&utm_nooverride=1&utm_content=link

26

Mv more than 2.3

27

No!!!

28

Your 1M I would have thought should win - that’s a pretty reasonable bid. Was the highway noise really bad?

29

Very bad. You could hear it loud and clear in every single room. There’s no space at all between the house and the freeway. The wall separator is all there was.

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30

You know if you got beat by investor or primary home seeker?

31

Indian buyers 15% down payment.

I actually went to the listing agent directly and offered to her the highest bid. But she refused to double dip with me so I had to make a wild guess…

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32

Ah, Al Moridi, that’s a pretty veteran agent around here.

33

My enemy…

34

You should not regret not getting this home. If I were in that situation, I won’t bid for the home even for flip! There are plenty of opportunities, no issues home , will come than getting into HWY backed homes.

35

Busy road homes are good investments as long as they are cheap.

See this one: $500k discount for being a busy road fixer.

https://www.redfin.com/CA/San-Jose/2082-Quito-Rd-95130/home/996888?utm_source=myredfin&utm_medium=email&utm_campaign=ios_share&utm_nooverride=1&utm_content=link

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36

Yes, there is a discount for each issue, busy road, electric pole…etc, buy low, sell low. Personally, I do not prefer as they are hard to sell (discount again) , esp at difficult times. I am choosy, but it is me.

I would prefer homes like this than HWY homes

https://www.redfin.com/CA/San-Jose/1455-Hervey-Ln-95125/home/1085264

37

They might make an OK rental maybe? I don’t see them having a “discount” for renters?

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38

I need to think exit (sell) point of view, when I enter. At some point of time, we are selling and I do not prefer any risk at that time.

When there are plenty of opportunities available to me, why should I choose a home known issue (at discounted) price?

Be it right first time and no deviation from such policy.

39

Do you think they appreciate slower? Or same percentwise, just a lower starting point?

40

If the noises are heard inside home, esp at night time, people can not sleep, esp sick people that affects. The road emission gas affects health when it comes to inside home.

Appreciation may be same, buy low and sell low, but it all depends on the time you sell.

If good bullish time like this, you have a buyer. If bearish time, you need to discount heavy esp if you are forced to sell (like job loss or retirement or moving out of country etc).

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