If you don’t want to leave San Diego, and you’d like to downsize into a newer one-story that isn’t too big that’s centrally-located in a gated senior community where the residents are younger and have plenty of activities – including a vibrant pickleball community – check out Auberge!
It’s located in the middle of the Santaluz, The Crosby, and Fairbanks Ranch triangle!
I’ve sold three in here and people love how the majority of residents are younger seniors so it doesn’t feel like God’s waiting room. This model is 3br/2ba, 1,553sf and it listed for $1,550,000. It sold the first week and just closed for $1,500,000 cash.
Welcome home to Auberge, an upscale 55+ luxury gated community boasting modern floor plans and great amenities including pools, parks, pickle ball courts, trails, clubhouse, spa, fitness center, dog park, and bbq areas. Auberge is a very social community that holds many fun events and activities. This beautifully upgraded, absolutely immaculate and tastefully designed single-story house offers an open floor plan, a gourmet kitchen with granite counter tops, stainless steel appliances, two car garage, and cozy, professionally landscaped private backyard with outdoor waterfall wall.
Or if you would leave the USA, here are some ideas around the world:
It took almost a year to sell it – the initial list price was $3,395,000 last April during peak frenzy – but after refreshing the listing 2-3 times and lowering the price (list was $2,749,000 at time of sale) they got it done.
The CalHFA Dream For All Shared Appreciation Loan Program is out.
It’s a way for buyers to purchase a home with no money down. The State of California has thrown $300 million towards the program, and they will provide a 20% down payment and share the future appreciation.
It’s not a dream for all – it’s only for those who meet the criteria:
It will be a useful program for homebuyers who don’t strive to buy a quality property – because those are being snapped up by the affluent. I had two different cases this week where my buyers got into bidding wars – 14 offers on a Escondido house under a million, and 8 offers on a mid-$2,000,000 house in La Jolla. Both offered 5% over the list price and lost.
Those who pre-qualify for the Dream For All program and submit an offer on a quality home will likely be shown the back of the line by the listing agent, who will have the more-traditional buyers to choose from.
To paraphrase what George said, the Dream For All may sound good, but you have to be asleep to believe it.
Upscale kitchen remodel with classy white and expresso cabinetry, Thermador stainless appliances including 48-inch six-burner stove with griddle, three ovens, deluxe refrigerator/freezer columns and Bosch dishwasher! Wow! Plus hardwood floors, shutters, fireplace, and dual-zone central air. A downstairs bedroom suite is nestled into the far corner, and the three-car garage has loads of potential. Upstairs has been customized as well! Walk to all three schools! Deer Canyon Elementary and Westview High School are both rated a 10 at greatschools (Mesa Verde Middle is rated a 9, and for the record, TPHS is also rated a 9).
Cute & cozy beach bungalow in front, plus a 2br/2ba ADU in back with ocean views! The most exclusive real estate in the world is within one block from the beach, and its value is soaring!
Garfield condos selling for $2,000,000-$2,500,000, Garfield triplex closed at $3,329,000 ($1,180/sf), Terramar and Ocean Street teardowns selling for $2,000,000+, Shore Drive over $3,000,000, Encinitas east-side of Neptune over $4,000,000, Solana Beach teardowns selling for $3,800,000 and $3,900,000, and Del Mar is over $5M! With no inventory, how many more of these will be under $3M? Zoned duplex – you could build two new homes!
When the rest of the world has gone mad, you want to own real estate one block from the Pacific!
3831-33 Garfield St., Carlsbad
2br/1ba bungalow in front, and 2br/2ba unit in back for a total of 4br/3ba, 2,278sf
Upscale kitchen remodel with classy white and expresso cabinetry, Thermador stainless appliances including 48-inch six-burner stove with griddle, three ovens, deluxe refrigerator/freezer columns and Bosch dishwasher! Wow! Plus hardwood floors, shutters, fireplace, and dual-zone central air. A downstairs bedroom suite is nestled into the far corner, and the three-car garage has loads of potential. Upstairs has been customized as well! Walk to all three schools! Deer Canyon Elementary and Westview High School are both rated a 10 at greatschools (MV Middle is rated a 9, and for the record, TPHS is also rated a 9).
This is the single-level home that sold in February, 2022 for a million over the $2.5 million list price (set deliberately low by the seller). The buyer passed away, unfortunately, and their heirs listed it a year later for $2,900,000. The listing agent (who lives in the ER) also set his list price attractively low and got it bid up to $3,200,000 this time.
While the casual observer would deduce that prices have come down 9% in the last year, you have to wonder if the buyer had to pay as much as $3,500,000 to win it last year – or if that was a random plunge.
Thanks to Peter for sending in this sale that exemplifies how to get a good deal.
Someimes you can get lucky and the listing agent does the work for you – and you just need to be in the right place, at the right time. We already saw this one where an out-of-town agent listed way too low at $1,195,000 and the neighbor across the street jumped on it and paid full price – then did nothing to it and put it right back on the market for $1,595,000…..and sold it for $1,550,000 cash.
But the one above was even better.
It’s a 4br/3ba, 2,377sf house in Cardiff, and last summer there were comps that had the seller believing it might be worth $1,800,000. Here are things from this case that you can look for when lowballing:
Long-time owners who have a large equity position and have the ability to dump on price.
Sellers who have refinanced ten times.
Listing broker who announces they are closing their doors on August 24th.
Listing agent who doesn’t get in the way.
Pricing strategy that gives you hope.
The price reduction at the end of September put it on the range $1,549,900 to $1,699,900, and after three months on the market, all of the buyers were looking at the bottom number. Another month went by before they found the buyer, who by then had to be licking his chops. I don’t know how much the price was reduced after inspections (usually it’s a combination of low offer and more reduction after inspections), but however they got to $1,274,000 made it a great buy.
The buyer is a corporation and they financed their purchase with this fix-and-flip lender, so we should be seeing it on the market again soon!
