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Sharyn and Victoria Crown specialize in Downtown San Diego and neighboring Coronado. As Brokers, both know and understand the wide variety of real estate available including single family homes, condominiums and the newest condo hotels.
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Starting in the $300,000+ and going up from there, depending on building, location, amenities.
Sharyn Crown - Mon Jun 23 2008, 16:29
It's not so much how the realtor feels as how the buyer feels. The market is still the market and the home's value will still be market value. To some buyers a Mills Act home is attractive and helps create a faster sale. However, there are others who don't want the restrictions the Mills Act creates on a property. If a home is priced correctly, the Mills Act can be an added enticement, especially in high value markets. - Sun Jun 8 2008, 09:21
Fred is correct about searching for "Mills Act" homes. Since having the Mills Act designation is a real advantage, it should show up in a multiple listing search. If you have any questions about the act, you can always go to
http://www.boe.ca.gov/proptaxes/faqs/faqs_mills_act.htm#pagetop which is the California
Mills Act Q&A page.
- Sun Jun 8 2008, 08:59
Do you have an agent that is helping you with this and answering your questions? The answer will depend on what your current contract says as to your contingency periods. If it were me, I would ask the agent to sit down with you and explain everything so you clearly understand your options and responsibilities. - Thu Apr 3 2008, 13:03
MLS searches can be set up to search for foreclosures. Ask your agent if he or she has done this. We have several clients in San Diego County and we use this search with them. It is called a "custom search". Some areas have more foreclosure and bank owned properties than other areas. If your agent already has your search set up for foreclosures, it may be the area you want is not as distressed as other San Diego areas. - Thu Apr 3 2008, 11:02
San Diego is a great area to live and to invest. Markets go up and down. However, if you are in it for the long haul and are very careful where you purchase, San Diego has always bounced back. I have been in this market for 33+ years and this is about the 4th cycle I have seen. For future appreciation and rents, Downtown San Diego offers the best opportunity. There is a lot of inventory, but once it is absorbed, the market will again tighten. Downtown is a fantastic place and is getting better and better everyday. When I first came to San Diego for college, Downtown was comprised of bars and tatoo parlours. Now Downtown is urban and upscale. - Wed Apr 2 2008, 22:06
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