Judul : The Beach Cottages San Diego
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The Beach Cottages San Diego
hey everybody, john collins, san diego realtor.wanted to start a series about buying and selling real estate in the particular neighborhoodsof san diego. there are so many great neighborhoods and each one really does have its own characteristicsand and factors that can effect how and if you should buy there, and how you should approachthe deal. so, today i wanted to talk about pacific beach.it's a town near and dear to my heart, a neighborhood,
The Beach Cottages San Diego, i should say, near and dear to my heart. i'velived in pacific beach for over ten years. like so many, i came here as a moved hereas a young person, as a bachelor, and now flashing forward ten years plus, i am married,two kids, still live in pacific beach, still love it. so, while everybody knows it's agreat place to come play, i can tell you from
experience, pacific beach is a neighborhoodthat has something for everybody. so, i want to hit really quickly on a fewthings to look out for and be aware of when you are either buying, selling, or investingin pacific beach real estate. and, i am going to try to move forward quickly, so this videodoesn't get too long. first off, selling: one thing to be awareof when selling property in pacific beach is that there is a lot of investment property,property used as rental and income property. now what that means for you, is you may beseeing offers from investors. there are good things about that, and there are things youwant to be more careful of. first and foremost, the financing behind an investor offer isusually very solid, which is great. if it's
not all cash, it's at least very secure inthe fact that it will fund and you don't have to worry about somebody scrambling to makesure their loan goes through at the last minute, which is a larger risk with somebody who isbuying to occupy it themselves, especially someone like a first time buyer. it doesn'tmean those are bad offers, just something to be aware of. also, investors don't tendto ask for as many fixes and repairs. they are typically people who are going to makesome improvements anyway, so that can be something is taken off of your plate. but... and there'salways a but, they are, investors are, business people, and they are looking at the marginsand they are weighing them carefully. you are not going to see them making top dollaroffers, or emotional offers, that can add
a few percent to your purchase price if youare dealing with someone who is going to occupy it and really make that place their home.so, something to consider when you are weighing those different types of offers agains eachother. now, if you are selling a property in pacificbeach, there is a good chance it is forty years old or older. not all of them, but theaverage age of a home in pacific beach is over forty years, and that is, on average,older than san diego as a whole. so, i encourage people to take a close look, maybe get ina trusted friend who can tell you the way it is without hurting your feelings, maybe,a little bit, but that they can go in and say, "hey, you need to fix that, you needto dress this up", things that are sometimes
hard to see for someone who's been livingin a property. but it can really make a big difference when it comes to selling a property.it doesn't have to be big investments, but you know, when you're dealing with older homes,there are typically some things that can be spruced up before you bring in potential buyersto make sure you make that great first impression. and i have a whole other video on that, thati'll link to below for you to check that out. but something to be aware of. finally, on the sellers side: know about yourhoa. if you are part of one of the many condo associations and you have a home owners association,you want to be aware of their financial health, owner occupancy for the building or buildingsin your complex, and if there is any litigation,
because that can effect whether buyers canget a loan for that property. and anything that you find out in advance, and can address,or at least be aware of, will save you headaches and potentially loosing a deal from escrowdown the road. now, on the buying side: everything in sandiego, value wise, has gone up since 2012, but pacific beach has gone up faster thanaverage. so that's great news, it's a good place to call home and watch yourself gainequity in that property. now, that does mean that you are going to pay a little bit moreto live at the beach. probably not a surprise, but of course something to be aware of. medianprice for a home, a detached home at least, in pacific beach right now, is roughlly twicethat of san diego county on the whole. now,
if that detatched home price point is stretchingyou a little bit thin, don't be afraid, even if you're looking for a family home, to lookat condos. there are a lot of large, family friendly condos that could meet your needs.i see a lot of families thinking they have to have a detached home, but that's not alwaysthe case. ask your realtor to see some properties that might fit both price point and familyneed, even if they aren't a detached home. cloud condos, if you're not familiar withthat term, are more popular now as well. and that is a condominiumized property that doesn'thave an hoa so, maybe i'll do something different on that, it's a whole different topic, butsomething to be aware of and maybe keep an eye out for. ask your realtor.
within pacific beach itself of course, thereare neighborhoods within the neighborhood. some are very quiet, and lots of detachedhomes, a little bit more of a suburban feel. and there are areas that have more trafficand a lot of fun night life and restaurants and things. again, your realtor can guideyou if you don't know the neighborhood, to whatever suits you best. everybody knows location is key in real estate,but future location, what is that property and what is that area going to be doing inthe future years is even more important, arguably. and pacific beach, really the forecast isgreat. its proximity to neighborhoods like bird rock and la jolla as a whole, and justthe limited amount of property, and the trend
lately that we've seen; the population gettinga little bit older, a little bit more professional and upscale, really bodes well for futurevalues, and that pacific beach will continue to appreciate even faster than san diego onthe whole. now, finally, if you are an investment buyer.you are buying property and you are not planning on occupying. by and large, for all the reasonsi've spoken to already and more, it's a great place to buy as an investment. buy and holdlong term, if you're planning to buy and then rent the property out, that's great. flips,there are a lot of renovations and flips going on right now. it's a great way to make moneyinvesting in pacific beach property. one caveat that i will throw out there: vacationrentals and the rules surrounding them right
now are a hot topic. there are sides, of courseit's good for business in the area, but a lot of people don't feel that high volumeturnover properties are something that they want in their neighborhood. that is an issuethat is at the forefront right now. and, we may, we are already seeing rules change, andwe may see new, tighter regulations as to what you can do by way of short term rentals.so, if that's your plan, daily, weekly rental rates; be aware that the jury may be out onsome of that and you want to proceed on that with a little more caution, maybe, than withother kinds of deals. alright, i've gone on long enough! i hopethis information has been very helpful for you. any questions on this, or anything elseregarding san diego real estate, i hope you
reach me. my contacts are all available viathe website. i thank you for your time and i hope we get to speak in the future. i lookforward to it. enjoy life in america's finest city.
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