by Tom | Aug 9, 2013 | House Flipping
We are Cash Home Buyers San Diego. The City Of San Diego has a department called Neighborhood Code Compliance that will respond to complaints from the community and will visit your property and look for health, safety and building code violations. Once you have been targeted there is no way to get them off your back without bringing your home into compliance. They commonly show up for what they call substandard buildings which include illegal room additions, abandoned vehicles, unkept lawns, high grass and un-permitted construction work. As defined by California Health and Safety Code (H&SC), Section 17920.3, a substandard building is any building or portion thereof in which certain conditions exist to the extent that it endangers the health and safety of its occupants or the public. Because we are cash home buyers and know San Diego Code Compliance we can fix the issues after we purchase the property. Being General Contractors we usually pay more than other real estate investors or home buying companies becasue we do the work with our own crew.
Once they determine the violations, you will receive a Civil Penalty Notice and Order from The City of San Diego. This notifies you that fines will be imposed if the violation is not corrected by a certain date. If these fines go unpaid they turn into Liens on the Property, which could eventually result in court order to pay from the San Diego City Attorney. If the fines plus admin fees are still not paid you will lose the property to foreclosure. You will not be able to refinance or sell without paying these liens. In addition, its hard to sell the property listing with Realtors if you have a Code Violation because buyers will typically try and get a loan for the house and the Code Violation shows up as a cloud on the Title Report and banks wont lend on it. Selling to a cash home buyer in San Diego will solve all these issues fast.
If you are in this situation and have received a Code Compliance Violation from the City of San Diego and cannot remedy the situation, please call us and we will buy the house. We are cash home buyers in San Diego and use private investors so there is no problem when the code violation on the title report for us. Here is a house we bought this week in Imperial Beach that has 9 City violations that include an illegal room addition, un-permitted front porch enclosure, illegal use of garage as a dwelling unit, and a violation for disabled vehicles in the driveway. Once we close on the transaction we will remodel the house with permits and work together with the City to remove the violations.
If you have a house with a Code Violation or Code Compliance issue in San Diego that is turning into a headache, Contact Us and I will make you a hassle free cash offer. You wont have to fix anything or comply with the City requests. We use licensed 3rd party Escrow and Title companies to handle the transaction and can close in 7 days or less if needed.
by Tom | Aug 7, 2013 | San Diego Real Estate Market
The Tarrant boys like to build. 77 years later and Tom Tarrant in San Diego is and following in his grandfathers footsteps, developing real estate and building spec houses. Here’s a fun picture of Tom’s Grandfather R.W. “Poppy” Tarrant’s custom home that he built for his family in the late 1930’s. The house was on Overbrook Lane in the upscale area of Houston, Texas known today as River Oaks. This house was torn down in the early 2000’s.
After selling the first house to a local attorney, he then drew up his own plans and specs and built this home in the 3600 block of Wickersham Lane in River Oaks. In 1943 this house only cost $15,000 to build. In today’s inflation adjusted dollars that equals $202, 460.00.
Here is Poppy, Tom’s dad Tom Tarrant Sr. and his uncle Bobby Tarrant in Houston outside the Wickersham house. Bobby Tarrant became a successful criminal attorney in Houston, Texas.
by Tom | Jul 30, 2013 | Carlsbad Modern New Construction, San Diego Real Estate Market
Here’s a glimpse at the front elevation of the modern Carlsbad new construction house we have in the works. It’s a 4/3 at roughly 4000 total square feet. I’m real happy with the design.. its got clean lines, big horizontal planes and heavy overhangs. More design detail to come as well as some 3D modeling so you can get a feel for the floorplan. The Carlsbad permitting process wont be a quick process, we are now only working towards Coastal Development Approval and then we get to submit the detailed house plans. Completion date in 2014.
by Tom | Jul 25, 2013 | House Flipping, Marketing, San Diego Real Estate Market
We are still busy Buying Houses here in San Diego California and helping homeowners find solutions to their Real Estate problems. It’s been a busy Summer but we are still looking to buy more houses! Do you need to Sell you House in San Diego?
Last month we bought this Paradise Hills house directly from the sellers who were retired veterans and had got a couple months behind on their mortgage payments. They didn’t want to work with realtors because most of their equity would have been spent on the realtor commissions. Their lender Green Tree, wouldn’t cooperate with a loan modification and refinancing of their VA loan was out of the question because there were major repairs that needed to be made to the property, namely an empty swimming pool in the backyard which needed to be filled in.
After visiting the house we made them a cash offer and immediately contacted their lender for a payoff amount so the harassing phone calls stopped. To help the elderly sellers we even advanced some funds before the sale closed so they could rent a suitable house. They will walk away with over $25,000 cash in their pocket and be saved of having a foreclosure on their credit. We love helping people and make sure its a win-win for both parties.
I bought this house in the San Diego Clairemont neighborhood this month after the seller, who is the executor of a family trust, contacted me and wanted to liquidate the asset so the beneficiaries could cash out. The challenging issue with this deal was that the home needed extensive repairs so a lender would likely not lend on it.
We made the sellers a cash offer and agreed to take the house in its As-Is condition, we never request anyone to make repairs. We closed escrow 12 days later and the heirs to the estate received their portion of the proceeds. Another win-win situation for both parties, no other homebuyer in town would let the seller stay in the house for a year after receiving their funds!
Another purchase this month was this house on Dictionary Hill in Spring Valley. It’s a huge 3200 sf custom but needs an extensive remodel. The house had great bones, but years of deferred maintenance. The sellers had been busy with their careers and didn’t have the time to make repairs or keep up with this huge house. They didn’t want to list it with a realtor and have to clean, pay to fix everything, and then hassle with all the showings so they called us.
Out of their equity they would have also paid $15,000 in Realtor fees which was a big portion of their proceeds they needed to put down on their new house. Here is how fast we work; after getting the call on a Friday, I visited the home Saturday morning and made an offer. By Monday we agreed on a sale price and opened escrow. 5 days later the deal closed and they got their check! The sellers had accumulated a lot of little stuff in the house that would have been time consuming and costly to haul out, so they were happy that we didn’t require them to haul it off or clean anything on the way out.
If you want to Sell a San Diego California House Fast, give us a call and we will work around your specific situation to try and structure a deal that works for both parties. More information about the homebuying process and how we arrive at an offer price can be found at the following link: https://tomtarrant.com/we-buy-houses-san-diego/
Contact me by clicking here or simply call (619) 438-0234 for a hassle free, no-obligation offer for your unwanted real estate. Your privacy is our main concern and we don’t share your information with anyone.
