After a four offers on his family home my Seller finally sold his Palms home. I realized $570,000 a little less than his target, but still a good price in today's market.
The buyers were first-time buyers who nervously navigated the process, but are now two happy campers expecting their first child.
My now, buyer was transferring his money into a 1030 Exchange purchase and looked to buy nearer where he lived, in Santa Clarita.
The challenges in Santa Clarita were:
- To find a property that was not a short sale, around 90% of which are.
- To find a property that was not encumbered with a Mello Roos tax, which many of them are.
- To find a property that would be easy to rent and bring in a satisfactory amount.
We found the above property. It is a foreclosure, in good condition in a wonderful resort-type community. Our offer was $10,000 below asking and competing with two other buyers, both with loans. We were all cash, and as we know, cash is king. We also offered a 15 day escrow to sweeten the pot.
The complex is only 5 years old but, the chimney has a problem which we needed addressing. The kindly bank, gave us $4,200 credit to cover the lowest bid we got to repair the chimney and the deal was done.
Sometimes this business can just go so smoothly.
Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.
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