Flipping San Diego

Flipping San Diego

by | Jun 7, 2013 | San Diego Real Estate Market

sell home fast san diego

It looks like A&E finally green lighted the announcement of a new Flip This House team for 2013. It’s our friend Chief Denney here in San Diego with a new show called Flipping San Diego. Chief does really nice work, has a lot of integrity when it comes to renovating houses and furthermore is a graduate of New School of Architecture here in San Diego.

What you guys are in store for this upcoming season on Flip This House from the San Diego team will be unlike any other season in the past so its a must see for house flipping fans.

Sorry but there wont be any painting over rotten wood, shoddy lipstick rehabs, faked arguments with contractors or staged open house sales. I’m looking forward to the spotlight on the hot San Diego house flipping scene, and happy to see that it will involve someone ethical with good design sense and doing quality rehabs to show the nation how California does it! finding outdated houses and people who want to sell their home in San Diego are what we look for.

Tune into the new Flip This House season debuting July 20th on A&E. If you are saying i want to sell my home fast San Diego then give us a call.

Over the years we’ve been approached by 3 different production companies to do realty shows like Flip This House, Property Ladder, Flip or Flop and Property Brothers but never found the right “fit”, you might remember this old post

 

https://tomtarrant.com/another-real-estate-reality-show-offer/

New Carlsbad Lagoon Lot

New Carlsbad Lagoon Lot

by | May 31, 2013 | Carlsbad Modern, San Diego Real Estate Market

I picked up this 1.3 acre parcel in Old Carlsbad on Aqua Hedionda Lagoon last week and am getting started on plans for a 3500+ s.f. contemporary custom home. You can see its very close to Carlsbad Lagoon where there are fun summer activities like wakeboarding, kayaking and stand up paddle boarding although the beach is still only 1 mile away.

I’ve got about 30 hours of due diligence in with The City already and feel pretty good about the parcel although its never had a house on it after a sub division lot split in 1980. There are a lot of challenges with this lot but neighboring parcels have all been developed or received approval.

This lot is also in the Coastal Commission area which requires Coastal Development Approval before any grading, public improvement or building plans can be approved.

Home values in this area of Carlsbad are very strong with values in the $1M range. It’s going to be a long permitting process this summer though before we can break ground, I’ve already hired a civil engineer to do a new Topography Survey from which we can do a Preliminary Site Plan with elevations, drainage and grading.

Additionally, we are required to submit a Geo Report for the soils and a Bio Report that documents endangered plant and wildlife on the lot, namely Coastal Scrub Brush and the infamous Gnat Catcher bird. Once we can get all this in to the City we’ll be considered for a Coastal Development Permit after a 30-day wait, and then we can start actually working on the house plans.

This whole process could easily take 6 months from what I’m told so don’t expect to see me start grading next weekend. This is going to be a really fun project, we are really excited to also be doing something in North County and leaning more modern with this home design.

I’ll share some of the prelim info as we get into this and start playing with conceptual designs and eventually work towards another 3D model of the house and site.

Modern Bungalow Sold $765,000

Modern Bungalow Sold $765,000

by | Apr 10, 2013 | Marketing, San Diego Real Estate Market, South Park Modern Bungalow

The San Diego real estate market is on fire right now, home prices in my area are up 20% over last year and in nearby neighborhoods like North Park 92104 there is only 1 month of inventory at the current sales pace!  It’s putting a real damper on the local house flippers as they are having trouble finding properties to rehab. 3 guys I personally know are going to Phoenix, Las Vegas and Palm Springs to find projects.

Strategically, I put it on the market on a Tuesday to give everyone time to react before an MLS advertised double-open house weekend. The strategy worked out perfectly, by the open house we already had 3 offers to work with. In this market its common to have 10-15 offers within the first few days, but this is generally true for entry level houses or high demand markets in the suburbs. By leaving the house on the market a whole 8 days, I felt it gave adequate market exposure yet didn’t irritate any of the first buyers by waiting too long and playing the game.

We had a specialty product for a very special buyer, in an inner city neighborhood where median sold home prices are in the low 500’s. To illustrate the market appreciation this year, when I bought this vacant lot I calculated a house built there would have sold for $629,000 based on comps. Half way through the build there were 2 comps at $685,000. By the time I was done we had sales comps in the low 700’s for remodels, not new construction, so I put a value on the home of $750,000. Not having a back yard was a definite negative so I had to price this in. You know that the seller does not set the sales price, the market does. A house will sell for whatever a buyer is willing to pay. Furthermore, houses are not sold, they are bought, so listing agents don’t “sell” houses in my opinion.

I used value range pricing and listed the house at $749,000 – $799,000. The first offer came in at $710,000. The second at $749,000 and a third at $750,000. When the smoke cleared, and after everyone had a shot to go higher, we countered the strongest buyer of the 3 offers and they came up to $765,000, or $413.50/s.f.

Listing this house and getting it under contract was the easy part, getting SDG&E to install the gas meter so we could close would prove to be the hard part and took almost 8 weeks! Our wonderful buyer hung in there so we finally closed today, congratulations to the new owner and we hope you enjoy the home as much as we did building it.

South Park Modern Bungalow For Sale

South Park Modern Bungalow For Sale

by | Feb 2, 2013 | South Park Modern Bungalow

Our New Construction Modern Bungalow in South Park is finally done, 190 days since I got my plans stamped. It’s an edgy blend of traditional Craftsman Bungalow style with a Modern influence.

We wont be moving in (sorry babe) so it will hit the market this week. Don’t miss this ultimate urban nest for a hip buyer in the trendy South Park neighborhood!    Click here for home details.

-1812 Edgemont Street SD, CA 92102-       -Showings & Questions (619) 438-0234

> MLS # 130005969    $749,000 – $799,000

> Open House Saturday – February 9, 2013 12-5 pm

> Open House Sunday – February 10, 2013 12-5 pm

Special thanks to Rancho Photos for the best real estate photos in San Diego!

Modern Garage Door and Countertops – South Park

Modern Garage Door and Countertops – South Park

by | Jan 14, 2013 | Bathrooms, Granite Countertops, South Park Modern Bungalow

We are winding things up in South Park on our Modern Bungalow. The modern garage door got installed this week, its an Amarr full view door in dark bronze with obscure glass.

I didn’t want the glass to look white-ish like my last project so I didn’t get the frosted, the obscure lets more light in and overall was a way better choice for this project. The dark bronze aluminum ties in with the Milgard aluminum window color perfectly.

The door looks massive because its 8 feet high so the glass panels are larger, way cooler than the 7 foot Amarr door we installed earlier this year on a house we flipped.

In the master bath wet room I finally dropped in the jacuzzi tub. You can see that the heavy glass frame-less doors are also installed, I tried something new this time and did saloon doors.

You can leave them open when taking a bath and they lay on the walls out of the way. The opening is 4’0″ so each door is around 24″ Hey Honey, if I don’t come home from work one night you know where to find me.

Carpet got installed in the 2 secondary bedrooms. I went with a designer textured close loop Stainmaster with upgraded pad because we like carpet in kids rooms. The grey ties in well with interior finishes.

The big milestone we passed this week was the counter tops. The kitchen and both bathrooms are all Ceasarstone Arctic White with a square profile and eased edge. Ceasarstone is quartz so its a little trickier to work with when fabricating the edge detail.

Not only is the pure white unforgiving but quartz in general has to be miter cut so you wont see the lamination on the bullnose. This is the first time I’ve gone this white, its so fresh, clean and looks very modern, contrasting my dark greyish blue base cabinet color well.

The huge sink is a single bowl zero radius stainless steel. I ended up going with white 3×6 ceramic tile for the back splash (not shown) and installed it in a running bond pattern to keep it looking more contemporary and matching the upstairs bathroom.

The 3’x7′ kitchen island has a waterfall on one side. this is a new technique usually reserved for high end modern homes where the counter top actually wraps down the island and touches the floor. You can also see in this pic how the seams are miter cut.

One neat feature (also not shown) is the microwave drawer in the island, more pics to come after I get appliances in.  We Buy Houses in San Diego, if you know anyone looking to sell please contact us as we are always searching for our next renovation project.