by Tom | May 23, 2022 | House Design, House Flipping, San Diego Real Estate Market
New townhome in Rancho Penasquitos with Poway School District!! We bought this home direct from the owner this Spring “as-is” and took it with a problem tenant who had not paid rent in 2 years using COVID as the excuse. After $2,500.00 in attorney fees and multiple trips to the property trying to convince her to leave, I finally got the keys. Entering the property was quite a shock, they had left everything behind and it was quite a mess.
Real Estate prices have jumped in this complex, my exit price projection based on comparable sales was only $430,000 when I bought it. It’s on the market now and all redone for $499,000-$549,000 MLS# 220012628 and in the award winning Poway Unified School District. This is the second-best school district in the San Diego area and 14th best in California for those of you looking for good schools in San Diego. Listed with Atkin Homes. We had 6 showings yesterday and don’t see a problem getting what we want for this great townhome in Rancho Penasquitos. Stay tuned!
by Tom | May 10, 2022 | House Design, House Flipping, Kitchens, San Diego Real Estate Market
Our newly completed Allied Gardens bungalow is so cute! We are certainly loving the transformation on this house flipping project. This unique property with great elevation is located on a very private and quiet Allied Gardens street with surrounding views. The inviting front porch just makes you want to take a seat and relax after work while seeing your neighbors out and about walking their dogs. The vertical large house numbers and the horizontal porch rail design gives it a beachy coastal vibe. Just listed for $899,900 and now on the market. MLS# 220011058
The front door color is SW 7701 Cavern Clay. This is a play on a traditional red front door but modernized to fit our palette. Leaning more terra cotta, it has brown undertones and really went well with the existing brown roof. Keep in mind these real estate photos are shot in HDR. In person this color is not so orange.
My accent siding choice is SW 7046 Anonymous. It also is a greyish-brown to tie into the brown roof. This is my first time using this Sherwin Williams color on a house we bought to flip, I wanted something bold for this siding panel and it makes a great statement. Picking exterior house colors to go with a brown roof can be tricky, I am very happy with what we pulled off here.
We really made this floorplan work by opening up the wall and rearranging the kitchen layout with a small island, walking into this home you would never feel it is only just over 1000 square feet. The original kitchen had the sink in the corner under the window, this definitely wasn’t going to work so we moved it to the island along with the dishwasher as our only choice.
Tons of light comes in and makes this space feel very welcoming. I went lighter than we normally do also on the waterproof flooring material to make the space feel larger. Using a LVP material or waterproof flooring allows us to seamlessly run the flooring through the wet area being the kitchen. We even managed to squeeze in a pantry with the new configuration as well as leave a generous allowance of space for a dining room table.
Once again I kept the bathroom tile choice very clean and timeless, not getting too trendy. White subway tile in large format is combined with wood-look porcelain floor tile and matching niche. It truly is the perfect little bungalow for a family starting out or a young professional from nearby Mission Valley or Kaiser Hospital. I just love the Allied Gardens vibe, it’s very sophisticated but hip.
Stay tuned and we will see how the market reacts. Even though we went live on Mothers Day weekend we are getting showings and the feedback has been great. Selling a home at this time of the year is no prooblem in San Diego, the market is still holding up and with the San Diego Median Home Price now $1,000,000 this is right in line for being completely redone.
by Tom | Apr 14, 2022 | San Diego Real Estate Market
Hooray, after multiple offers we opened escrow with a military family and the house is now sold! Congrats to the new owners who were VA Loan buyers. A lot of investors here in San Diego and house flippers hesitate to accept a VA financed offer. The real estate agent representing this VA Buyer did a good job so we went with them and crossed our fingers.
VA appraisals can be strict sometimes but I wanted to sell to this buyer because we had other military families all living right around the property from what I observed. They offered $802k and I knew it would likely not appraise as the highest comps were around $770,000.
Home values in San Diego have been increasing around $10k a month but this appraiser did not give me a penny over the last sale of $770k. Any time a VA appraisal comes in short it gets sent to an online portal called Tidewater. Here, you have an opportunity to rebut the low appraisal and try and get it bumped up. It all worked out, the buyer chipped in an extra $10,000 out of their pocket and we ate $22,000 so the final sales price was $780,000.
Still an awesome deal and I am happy to make a dream come true for a military family. On to the next house!
by Tom | Mar 13, 2022 | House Design, House Flipping, San Diego Real Estate Market
We just wrapped up a really nice remodel here in San Diego down South near Mexico in Otay Mesa. This is a great entry level neighborhood and a good choice for military or anyone wanting to be close to the border or Imperial Beach without spending a million bucks. We listed at $769,900.
I am so happy with how it came out, we did everything new from the windows to the flooring. It’s a 3 bedroom, 2 bath and the best part besides the awesome military neighbors is the direct access to the 7-acre Montgomery-Waller Community Park and Rec Center in the back yard. I kept the home design and colors very easy and safe.
The exterior stucco color is Sherwin Williams SW 6149 Relaxed Khaki. I love using this neutral color when we have an existing brown roof to work with. The trim outside is SW 7005 Pure White and the front door pop color is my favorite Behr 480F-4 Mermaid Net.
For the interior walls I have been using Sherwin Williams Drift Of Mist SW 9166. This is a great color but it can be tricky and show grey undertones depending on what kind of light you are getting in the rooms. If you have a sunny location it’s almost off-white with a hint of green. This property is a true winner, hurry before it is gone!
Home staging by: Universal Staging Company
Green Button Homes™ is the original “We Buy Houses” company in San Diego. With 17 years experience we are here to help you navigate your off-market and private home sale process. We make it easy to sell your house “as-is” and with no real estate agents. We always buy houses in their current condition and never ask for repairs or credits once we sign a deal. A local escrow company is used to handle to transaction and we cover all the costs. It is even possible to close on the property with a tenant in place and/or buy your home and give you time to move. Please give is a call, text or email and lets work together to find an arrangement that creates a win-win for both parties!
by Tom | Feb 25, 2022 | House Design, House Flipping, San Diego Real Estate Market
Look at this new purchase we just made down near the Mexico/USA border in Otay Mesa! This house was a long term rental with a lot of deferred maintenance although it is on a great street with really good neighbors. I had been in disussions with this homeowner for quite a while and then when COVID hit (they actually got sick) the plans to sell the house were put on hold.
I always personally follow up with the leads we get. When you sell to us you deal with me personally through the whole transaction. Hundreds of San Diego homeowners have sold to me personally over the years. I have more experience navigating through the sale process than most real state agents. We always use a local escrow company that handle the transactions for us. These sellers appreciated my non-pushy nature and we finally struck a deal and closed the sale within 2 weeks with the tenant in place. Selling a house usually requires cleaning and fixing things as well as getting it vacant. In this case I acquired the tenants with the house and worked with them in a legal and ethical manner to relocate. In the case of this property, we paid $40,000 more than a competitor that solicited them! With 15 years of local homebuying experience, we are the most trusted choice for an easy home sale in San Diego with no realtors involved getting commissions.
Stay tuned for the remodel on this one and we appreciate referrals and are always looking to buy more houses in San Diego.