We opened escrow today on my first contingent sale in 2+ years - where my buyer has to sell their home to purchase the subject property. There were two offers submitted - and BOTH were contingent upon selling another property! Thankfully, the house we're going to sell...
Thinking of Buying?
NSDCC One-Story Homes For Sale
For those who prefer a single-level home and would like to peruse a curated group, check out this on-going collection of my favorite one-story homes for sale between La Jolla and Carlsbad here:...
Future Pricing, Worst-Case
The wildcard on pricing is that every potential seller has sufficient equity to dump on price if needed. Why a seller would give it away when there are so many other alternatives (renting, reverse mortgages, hard-money loans, etc.) is beyond me. Even flipper...
Compromise Is A Good Thing
When I made the comment that people are soft, it was because I was thinking about the guy who came to the open house and said he would have bought it.....except for the power lines. If he had issues with the house, yard, etc. and the power lines were just one of the...
California Dream For All
More on one of the proposals to spend the state's budget surplus. It doesn't make the homes any cheaper, so home buying will still be limited to the affluent who can afford the payments: First-time buyers often rely on family gifts to afford the down payments on...
365 Marine Street, La Jolla
It is a true honor to have listed for sale my favorite home of all-time! 365 Marine St., La Jolla 3 br/3.5 ba, 2,894sf YB: 2018 LP = $6,950,000 This custom contemporary was designed and carefully-crafted for over three years to be the ultimate beach house just 100...
California Interest-Free Loans
This will help to keep home prices up: A top California lawmaker is proposing to spend $10 billion to help families buy homes in the state with some of America’s highest housing prices. Democratic State Senate Leader Toni Atkins on Wednesday unveiled details of a...
Home Buyers Not Deterred
When people are looking for the perfect 'forever' home that will last them for a lifetime, any additional cost isn't going to phase them - or at least it won't affect the affluent folks. Most are making it up elsewhere when they sell their previous home or rental...
Should Home Buyers Wait It Out?
Like most real estate talk, half of this is horsepucky: Don’t Let FOMO Drive You Just because everyone is buying a house, doesn’t mean you should be too, said Donald Olhausen Jr., owner of We Buy Houses in San Diego. “I have seen many people force bad decisions...
Being A Homebuyer in 2022
I guessed that we'd have 5% more NSDCC sales this year because I expected a surge of delayed sellers who would finally come to market in order to cash in on the record pricing. But it's not happening, at least not yet. The number of NSDCC listings for the first two...