The psycho-babble was flying today. First it was McMillin talking the party line like an NAR booster in an article in the U-T, saying it is a great time to buy or sell. Then HW features more ivory-tower guys talking about the market, entitling the article: Homebuyer...
The 'before' version - first you have to demo: Bath Demo Then the after version, which thankfully didn't involve me:
We've been gone over the weekend, and I'm a little short on videos. However, the follow-up to this youtube below is "in the can", so by tomorrow afternoon we'll have the 'after' version - here is a repeat of the 'before' version:
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Sealed bids, live auction to follow The Del Mar City Council voted 4-0, with Mayor Richard Earnest recused, to try to sell its no-longer used Balboa property to pay off the remaining debt on the sentimentally valued 5.3-acre Shores Park. Escrow closed on the $8.5...
We try to keep focused on the SFR foreclosure activity in the North SD County Coastal region, but it takes a keen eye to see the truth. There has been very few top quality homes foreclosed on, and offered by the bank as REO listings - but we'll keep working on it!
Hat tip to Jakob for sending this in, from the WSJ: Builder Standard Pacific Corp. disclosed this week that it entered into an arrangement that gives it the right to purchase 468 acres of raw land in northern San Diego county over the next two years, the latest...
Editor: Bofa keeps tip-toeing around the short-sale problem. Their vaunted Equator platform has turned into a launching-pad-to-the-Black-Hole, and their "appraisals" are coming in a solid 10% above retail, killing every deal that comes along. Now they're rolling...
It's possible to buy rental property in the $500,000s around the coast, but they tend to come with other baggage; like spending 3 months to convince the tenants to move, plus three additional months for repairs:
