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.
Jane Peters, connecting you to the L.A. real estate scene
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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Tammy, I have given him instructions to draft a first class testimonial :) Hope this rubs off on you. Are you going to blog about it?
Ahh ! Just like that !
See how easy Real Estate is these days !
... and so many complain about it ;o)
Congrats !
Congrats Jane, Good work. Let's celebrate, meet me at ....oh never mind I'm in Arkansas.
Jane-That's like a double play in baseball. That's a great play in which to be involved. Congrats.
Jane, GOOD GOING! Wouldn't you love (or do you?) to know what made the difference on the buying end insofar as the multiple offers?
Congratulations, Jane. You make it sound simple, but there was clearly a lot of work involved, and your client was lucky to have had you representing him.
Jane - congratulations on these two transactions. It's always nice to hear about deals that go fairly smoothly, but more importantly the buyers and sellers who get to realize their dreams. And YOU were a big part of this. Good job.
Will you be at RE BarCamp Irvine?
Jeff
Sheldon, go figure.
Charles, they have planes :)
Wayne, my favorite kind of playt.
Mary Kay, it is a desirable community, it was not a short sale but an REO, much easier, the price was right, and it is one of the few communities in that area without a special assessment.
Susan, thank you. He is very pleased.
Jeff, thanks Jeff. Thinking about it. If you are going I will :)
Jane....congratulations......and a double deal....you go buy yourself a new Bugatti.....
Jane, it's great to see a 1031 Exchange successfully negotiated and closed - smoothly!
Great job Jane...Cash is king...Even with 1031's....
Barb, no, I think I will buy a cow and get my own milk.
Maria, thank you.
Cherise, indeed it is.
Great job, Jane! 1031's can go smoothly, and you helped make sure that one did. I like the chimney credit you negotiated for the buyer.
Lottie, thank you. Appreciate it.
Somtimes is goes smothly... Provided the person chooses the right agent. Obvioulsy, your client chose right! Great job! A lesser agent may not have been able to get it done.
Mark, thank you kindly. I agree :)
Jane,I'm a big believer in 'what is meant to happen, will happen' but somehow I think "smooth transactions" don't just happen for you...you certainly have a big hand in steering them to success! Aren't great relationships with clients just the bomb?
SarahGray, they most certainly are. Thank you.
Congrats with your sales Jane! I hope they keep rolling in for you.
Bill, thank you. Appreciate it.
Hi Jane-
What an awe-inspiring success story. That certainly was an impressive list of criteria to meet!
Sara in San Antonio
Sara, not exactly awe-inspiring, but not bad :)