Alternative titles could be, "Be careful when buying a house on a slope", or "Flippers can be good guys too". I saw this at Tom Tarrant's feed because they used one of his Texas-flip photos in the beginning, though he isn't featured:
This was the former mayor's house, sold as a short sale in 2010 for $2,400,000. It was (re)listed for $12,980,000 three weeks ago, and is now marked pending. It was probably assisted by the two La Jolla oceanfront listings that hit the market this week - both over...
This comment was left at the cnbc site about high-end flipping - I'm seeing the same thing around San Diego: Article is behind, this is already slowing down here in Orange County - a lot of the properties are starting to sit on the market for awhile. Thanks to daytrip...
In areas with fewer new-home tracts, the flippers are helping to fill the void by providing a like-new product - expect them to stick around! The Valley of the Sun looks like the flipping capital of the USA, but considering the population differences, Douglas County...
Hat tip to reader Just Some Guy for sending in this article: http://www.utsandiego.com/news/2014/May/03/american-coastal-real-estate-investor-homes/?#article-copy With home values recovering from the Great Recession and the fix-and-flip market drying up, what’s a...
The MLS shows that 11% of the 1Q14 residential sales in SD County were REO and short sales, and this article shows 7.1% flips (hat tip to SD Squatter): Realty Trac, the nation’s leading source for comprehensive housing data, today released its Q1 2014 U.S. Home...
How is your sense of value? Can you correctly guess the list price of a home after a three-minute tour? I have t-shirts for those who guess the LP. Extra note on the video: You'll hear me say 'bathroom' when discussing the deconstruction. The garage used to be its...
Richard just uploaded his new La Costa listing this morning at 8:45am, and three offers are already in hand. It's going to be a wild 2014!
This typifies today's flipper - get a deal on a lazy short-sale, add lipstick, boast of the improvements ("completely remodeled from top to bottom'), and shoot for outrageous profit. What a country!
This had been on the MLS for less than 24 hours when I went by around lunchtime today, and people were already all over it. Compared to the rest of the recent offerings around La Jolla, it looks like a deal:
