San Diego Union-Tribune (Sunday)

Is this your situation?

Scenario #2

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As I mentioned the last two weeks: For some reason you are now the proud owner of a home in the San Diego County area. No, you did not buy the home, but still find yourself in charge of this asset. There could be many different ways that you came into ownership or now have responsibi­lity for a vacant home in San Diego.

The first solution and also the most popular is to do NO work on the home, but sell quickly, for cash, with a solid profit. The second most popular solution is to sell the property after doing clean up and repairs. The most critical part of this option is knowing whether the money you will spend on clean up and repairs will do anything to really help the property sell for more than option #1. The reason is, that even with clean up and repairs the home may still not be in good enough shape to attract a bona fide home buyer. A buyer that has to get a loan, have an appraisal, a home inspection, termite clearance and may ask for repairs in order to complete the purchase.

So, if you find yourself in this situation then the first thing I would do is call me or someone like me. Then we can evaluate the condition of the home together to make the right decision before you spend any money.we can also consider how much money is available to spend and who will be contributi­ng the money.we can also make sure you do not prematurel­y list the property for sale. If we work together, we can maximize your profits.

This process usually takes about 45-75 days if this is the route you might select.

Next week Scenario #3 ~ Sean O’neill

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