Here’s another example of how sellers are making decisions these days.
It was time for our clients to sell the family homestead. Bless her heart, their Mom lived a happy life there through to the end, just like many around Olde Carlsbad. What a great place to spend the last 60 years of your life!
Like many, the house really hasn’t been touched – it’s all original. How much do you spend to prepare it for sale….if any? There is a decent ocean view…through the power lines. The lot is large enough to split and you can add the ADUs….and be into it for another $1,000,000 to $2,000,000? I sold the house three doors to the north and you can see that they’ve added the ADU. But they paid under $500,000 in 1999 – and when you buy right you don’t mind spending the money.
4030 Sunnyhill Dr., Carlsbad 92008
3 br/2 ba, 1,994sf
YB: 1960
Lot size: 26,100sf (0.60-acre lot)
SP: $2,000,000
As we were getting ready to go on the open market, the sellers were approached by a family friend. My list price was going to be $2,200,000 at the end of April, which is about the time that the chaos and uncertainty was really starting to affect the market.
Do you gamble and go on the open market? None of these 1/2-acre lots have sold for a long time, and we speculated that there is some pent-up demand, but at what price? This is a pure fixer which turns off most buyers, but could the builders/flippers be interested? At what price?
Our clients took the sure thing.
I had dreams of the open-house extravaganza of the year, and maybe of the decade, but it was the right move – the uncertainty was too high. I had my hands full with two appraisals, but they came in at value, and we closed as agreed.
Recent sales with our buyers who aren’t featured here enough, unfortunately:
https://www.zillow.com/homedetails/109-Lake-Ridge-Cir-Fallbrook-CA-92028/16568795_zpid/
https://www.zillow.com/homedetails/2382-Primrose-Ave-Vista-CA-92083/351063109_zpid/
https://www.zillow.com/homedetails/12215-Pipit-Way-San-Diego-CA-92129/16784235_zpid/
https://www.zillow.com/homedetails/1846-Olympus-Loop-Dr-Vista-CA-92081/16625429_zpid/
https://www.zillow.com/homedetails/6626-Halite-Pl-Carlsbad-CA-92009/82234361_zpid/
https://www.zillow.com/homedetails/11653-Thistle-Hill-Pl-San-Diego-CA-92130/54905694_zpid/
Good move all in all for everyone. I’m looking at the same scenario of my father’s home in CO as he passed earlier this year. Do we keep it, rent it or sell it? We were approached by my Dad’s best friend’s daughter and her husband who love it want to buy it. Heading out to CO after the 4rth for 2 weeks and make the call then.