r/CaliforniaRealEstate

Hello everyone, I’m looking for homes to flip. If you know of a home you might be interested in selling to me all cash, please dm me.

My northen california home when i bought it a few years back was quoted for more ”replacement costs” than the asking price of the home, so I bought it by thinking that it couldn’t be replaced with the same amount of money plus you need to pay $80k pad fees connecting sewers plus permits plus plot fees etc.

I was right and it was one of the best timing to buy in my years of history in real estate purchase.

Today, this scenario happens again.

I quoted my landlord policy and the replacement costs without “extended costs for permitting etc” are higher or equal to the resale value of the home.

I think the current market is again a depressed market and shall be bought in if you are a buyer here.

And i’d recommend buyers to buy now to catch the depressed sales market.

what do you think? is is the same with your market?