Tag Archives: san diego

Home-Flipping Opportunities May Be Falling

Posted on August 5, 2013 | Leave a comment

Nearly two out of three real estate investors in California who work with a Realtor plan to buy and hold homes for more than a year instead of flipping them for quick profits, a recent survey from the California Association of Realtors shows.

That stat suggests a general shift in industry strategy. When foreclosures flooded the market and home prices plummeted, investors picked up heavily discounted properties, renovated them and executed quick sales.

Considering buying a “flip” but think the upgrades are not worth what the agent is reporting. Contact the appraisers at www.scappraisals.com for your value questions.

Nearly 30 percent of San Diego County home sales in June were completed by absentee buyers, likely investors or second-home buyers, show figures from real estate tracker DataQuick. The share of absentee buyers peaked at 31.5 percent in March.

“It’s probably the most competitive that I’ve ever seen it in San Diego,” Denney said. “It’s still a lucrative business, but you have to have an amazing team to put out an incredible project. And you’ve got to know what you’re doing. The days of not knowing much and making a lot of money are kind of over.”

Read entire article at: http://www.utsandiego.com/news/2013/jul/30/tp-home-flipping-opportunities-may-be-falling/

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How Climate Change Could Wipe Out Surfing

Posted on August 4, 2013 | Leave a comment

Dan Ross began surfing when he was five years old. Growing up in Australia, Ross dreamed of becoming a professional surfer. “As kids, my brother and I practically lived in the ocean at our local beaches and experienced its beauty on so many levels.” Twenty-five years later and now a member of the ASP World Tour, Ross travels the world for surfing and he’s seeing the dramatic toll climate change has begun to take — threatening coastal communities and the sport he loves.

How does this effect the value of your home? We here at SCAS don’t know about you but who wants to live in a world without surfing? Home prices will go up and down but surfing is priceless. Think it doesn’t affect us here in San Diego? Wrong!! Ever try to surf Law Street after a storm? Notice the stench in Mission Bay? The erosion of the cliffs at Swamis? Will this effect the value of your property? Contact the appraisers at www.scappraisals.com for your home value questions.

“In Australia, I’ve noticed higher tide lines and extreme beach erosion; its apparent all along the east coast … In America, I’ve seen places where houses are literally falling into the sea and you can really see the effects in California at Malibu and Point Dume.” And Ross says these changes are even more frightening for surf destinations such as the Maldives — with its highest point only 2 meters above sea level, it is currently at risk of being the first island nation to be submerged. “What would they do?” he wonders.Both the sport and culture of surfing are increasingly at risk due to the effects of climate change. Quite simply, surfing

City of San Diego Bans Overnight RV Parking

Posted on July 15, 2013 | Leave a comment

SAN DIEGO — Overnight parking restrictions targeting recreational vehicles, trailers and campers will soon be in effect for all of San Diego’s streets.

After seven years of debate the City Council enacted an ordinance Monday that would prohibit such vehicles from overnight street parking — a nuisance that has plagued beach neighborhoods. The city had considered a similar ban in 2008 but abandoned it because of budgetary concerns.

Does street congestion effect the value of your home? Contact the appraisers at www.scapppraisals.com for your value questions.

“The proliferation of illegally parked vehicles is a public safety, is a quality of life and can be an environmental issue that especially impacts our neighborhoods and particularly many of those that are in our beach and bay communities,” said Councilman Kevin Faulconer, who pushed for the ordinance. “Currently we have vehicles that are parked in front of homes and businesses for weeks at a time, taking up valuable parking spaces … and limiting access to driveways and alleys which present major pedestrian problems.”

The existing rules allow vehicles to remain parked in the same spot for up to 72 hours after which they must move one-tenth of a mile although enforcement is spotty at best.

The new ordinance bans street parking of oversized vehicles, nonmotorized trailers and RVs between 2 a.m. and 6 a.m. and prohibits them from parking with 50 feet of intersections at all times. Violators would receive a $100 ticket. Residents and their guests would be able to apply for permits to park on the same block as their home while preparing for trips.

Tag Archives: san diego

Home-Flipping Opportunities May Be Falling

How Climate Change Could Wipe Out Surfing

City of San Diego Bans Overnight RV Parking

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