Lowball Offers on the Rise

[NotCranky]

LJR,

It isn’t a question of reputation or mal-nutrition for me. I write low balls for credible clients. Maybe a buyer’s broker’s agreement is necessary if I don’t know them well.
Writing lots of 50% offers willy nilly is mostly impractical. That could get embarrassing. 30% could apply to a lot more situations.

SDR
As far as the Point Loma house goes…I would buy it in a heart beat if I were hunting there. Of course I can fix all that stuff for a fraction of what it costs other people. If the property had an open code violation case all the better for getting a bargain(depending on what it was).
That APPEARS to be a killer deal for TODAY’S market and probably tomorrows too, inclusive of the defects.

[jpinpb]

How much can it cost to repair or remedy the code violation? For future information for myself, some of the older homes in neighborhoods such as North Park, OB, PB have granny flats not to code. I thought after so many years, the city looks the other way. Not true?

[jpinpb]

How much can it cost to repair or remedy the code violation? For future information for myself, some of the older homes in neighborhoods such as North Park, OB, PB have granny flats not to code. I thought after so many years, the city looks the other way. Not true?

[jpinpb]

How much can it cost to repair or remedy the code violation? For future information for myself, some of the older homes in neighborhoods such as North Park, OB, PB have granny flats not to code. I thought after so many years, the city looks the other way. Not true?

[jpinpb]

How much can it cost to repair or remedy the code violation? For future information for myself, some of the older homes in neighborhoods such as North Park, OB, PB have granny flats not to code. I thought after so many years, the city looks the other way. Not true?

[jpinpb]

How much can it cost to repair or remedy the code violation? For future information for myself, some of the older homes in neighborhoods such as North Park, OB, PB have granny flats not to code. I thought after so many years, the city looks the other way. Not true?

[NotCranky]

That is a pretty broad topic jp. It depends on the situation. I know of people who bought a 4-plex that the city tried to force them to restore to a duplex. They told me that they got a Lawyer and it is allowed to stand until they sell it or pull another permit.That hurts. It has four units on a 60amp main!

A friend/client of mine bought an illegal 2 on 1 with an open code case, really cheaply,tore down the illegal unit increasing the back yard size and “flipped” the property for a decent profit. The neighbors love flippers in these cases.

Framing,electrical, plumbing,items like this are a non-issue IMO.

This stuff isn’t for everybody.

[NotCranky]

That is a pretty broad topic jp. It depends on the situation. I know of people who bought a 4-plex that the city tried to force them to restore to a duplex. They told me that they got a Lawyer and it is allowed to stand until they sell it or pull another permit.That hurts. It has four units on a 60amp main!

A friend/client of mine bought an illegal 2 on 1 with an open code case, really cheaply,tore down the illegal unit increasing the back yard size and “flipped” the property for a decent profit. The neighbors love flippers in these cases.

Framing,electrical, plumbing,items like this are a non-issue IMO.

This stuff isn’t for everybody.

[NotCranky]

That is a pretty broad topic jp. It depends on the situation. I know of people who bought a 4-plex that the city tried to force them to restore to a duplex. They told me that they got a Lawyer and it is allowed to stand until they sell it or pull another permit.That hurts. It has four units on a 60amp main!

A friend/client of mine bought an illegal 2 on 1 with an open code case, really cheaply,tore down the illegal unit increasing the back yard size and “flipped” the property for a decent profit. The neighbors love flippers in these cases.

Framing,electrical, plumbing,items like this are a non-issue IMO.

This stuff isn’t for everybody.

[NotCranky]

That is a pretty broad topic jp. It depends on the situation. I know of people who bought a 4-plex that the city tried to force them to restore to a duplex. They told me that they got a Lawyer and it is allowed to stand until they sell it or pull another permit.That hurts. It has four units on a 60amp main!

A friend/client of mine bought an illegal 2 on 1 with an open code case, really cheaply,tore down the illegal unit increasing the back yard size and “flipped” the property for a decent profit. The neighbors love flippers in these cases.

Framing,electrical, plumbing,items like this are a non-issue IMO.

This stuff isn’t for everybody.

[NotCranky]

That is a pretty broad topic jp. It depends on the situation. I know of people who bought a 4-plex that the city tried to force them to restore to a duplex. They told me that they got a Lawyer and it is allowed to stand until they sell it or pull another permit.That hurts. It has four units on a 60amp main!

A friend/client of mine bought an illegal 2 on 1 with an open code case, really cheaply,tore down the illegal unit increasing the back yard size and “flipped” the property for a decent profit. The neighbors love flippers in these cases.

Framing,electrical, plumbing,items like this are a non-issue IMO.

This stuff isn’t for everybody.

[sd-maybe]

SDR, what is the process for the lowball, is it a matter of the buyer’s agent calling the seller’s agent to feel out the seller’s situation and see if they would be receptive to the lowball (I am talking 20%, not 50% lol)? Problem is I think alot of selling agents are doing their clients a disservice by giving them the false impression a recovery is right around the corner instead of being honest with them (and themselves), and that they should consider something far below their ask from a high quality buyer (cash/huge down)

[sd-maybe]

SDR, what is the process for the lowball, is it a matter of the buyer’s agent calling the seller’s agent to feel out the seller’s situation and see if they would be receptive to the lowball (I am talking 20%, not 50% lol)? Problem is I think alot of selling agents are doing their clients a disservice by giving them the false impression a recovery is right around the corner instead of being honest with them (and themselves), and that they should consider something far below their ask from a high quality buyer (cash/huge down)

[sd-maybe]

SDR, what is the process for the lowball, is it a matter of the buyer’s agent calling the seller’s agent to feel out the seller’s situation and see if they would be receptive to the lowball (I am talking 20%, not 50% lol)? Problem is I think alot of selling agents are doing their clients a disservice by giving them the false impression a recovery is right around the corner instead of being honest with them (and themselves), and that they should consider something far below their ask from a high quality buyer (cash/huge down)

[sd-maybe]

SDR, what is the process for the lowball, is it a matter of the buyer’s agent calling the seller’s agent to feel out the seller’s situation and see if they would be receptive to the lowball (I am talking 20%, not 50% lol)? Problem is I think alot of selling agents are doing their clients a disservice by giving them the false impression a recovery is right around the corner instead of being honest with them (and themselves), and that they should consider something far below their ask from a high quality buyer (cash/huge down)

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