Flip This House #4

Let the bidding war begin!

IN RE: 4565 Granger, 92107

Wow! Orange countertops, soffits, and 8x8 tile in the kitchen. They yard and landscaping are beautiful.

Yes, just boggles the mind what you get for $1.1 million around here

Well, it needs a new kitchen – no doubt about that – and some other updating as well. But it will be gorgeous once it’s done.

cb, please post tonight if/when you get the offer.

Wait – I thought the orange mid-century-modern stuff was back in again?

Nada, I am waiting patiently staring at my phone and email. Will probably call my agent around 6pm.

Relax, CB, you are making me nerves. :slight_smile:

My agent called the first agent that had buyers who came through 3 times. They have not decided anything and here is nothing new to report.

The agent with the cash buyers has not called back. My agent is going to hold off on calling her until tomorrow. She did tell me that the buyers are from out of town. Bringing this right back to College Confidential… their daughter just graduated from University of San Diego (pricey private) and ‘have cash they need to place somewhere’. They want to buy the house for their daughter and have a nice space available to visit. Wow. Is all I can say

If this comes into a transaction, it would be about the 5th house I’ve sold where the parents are purchasing the house for a son or daughter, or at least providing a large chunk of cash towards the purchase.

So would the parents have to stay downstairs when they visited? :-/

One of the houses we got outbid on (on James) was bought by parents for their daughter, iirc Our son can wait for this house!

Can some of those empty nest parents adopt me? I deserve a million dollar house with views! (sarcasm)

Waiting sucks.

It seems like this kind of thing happens so frequently in life. You receive a call about a promising bite, and then nothing. But I’ve also found that it can be a precursor to a real solid offer coming in, perhaps without warning. I’m going to go with that thought!

The Narragansett house now shows as off the market. Looks like they have been trying to sell it for at least 3 years, listing and delisting repeatedly.

I certainly agree that their furnishings aren’t ideal, but I thought you were talking about significant updating. Removing or bleaching all of that wood would be a major thing, indeed, but It looked fine to me in the pictures.

patience CB. Out of town buyers may not know of your home yet.
when is the NYTimes ad running??

The Nipoma property is available through the NY Times and Wall Street Journal online ads and search. The cost of an actual print ad in the NY Times Sunday section is over $600. The deadline to submit for the Nov 16 Sunday edition (Pacific Sotheby’s only submits once a month) is today I think. I will leave it up to my agent to make the decision, but I will remind her.

My opinion is that print ads do not generate enough interest to be worth all the money. My agent paid for a very large print ad with an Open House advertisement in the local SD paper. She quizzed everyone coming through Open House and not one person came from the print ad. Mostly from general Internet research such as Realtor.com and Zillow or simply were driving the neighborhood and saw all the Open House signs.

Most out of town buyers who are serious hire a local real estate agent to keep watch for them. Those agents will set up an automated email feed and/or give their buyers a link into SD Lookup (public side of local MLS). If the buyer shows interest or agent sees something come to market, the agent will go out and preview the property and give feedback to the buyers. This is exactly how Marilyn did her search from out of town.

I’ve only had one buyer from out of town that didn’t have an agent (Guizot Hoarder House). They were in town for vacation and found property through Internet Search (I think). They were just driving by, stopped to get flyer, and I invited them inside for a tour.

Boy, here is an example of how NOT to stage a house. For the asking price, you would think the agent could have come up with a better solution

4591 Granger, 92107

It’s not really a comparable - higher pricing. This is on one of the streets in the hot pocket, it will be interesting to watch how fast it sells.

I think most out-of-town buyers find properties the same way in-town buyers do – through zip code searches on Realtor.com. Circulation figures for print versions of newspapers have fallen so dramatically that I have a hard time thinking that the expense would be justified.

I do know people who have found properties through the “Daily Hot Properties” blog on the LA Times website, in which the editorial side of the paper features a different listing each day. Although the vast majority of featured listings are very high end, sometimes they feature lower-priced properties, but it is a total long shot to get your property featured. Does any local San Diego paper have a similar feature? If so, it may be worth submitting the property for consideration, even though the chances of actually being selected are very slim.

It looks like there is at least one basket in every room and the “dining” room chairs??.. not sure what they were thinking. I almost think it would have been better to not have any furnishings.

Looks like folding chairs and a card table. Very strange.

Yes, in my opinion, the folding chairs and cheap tablecloths and mattresses on the floor are too distracting. Would have been better to leave it empty.