Thursday, August 04, 2011

The Riverside townhouse in Burbank seemed too good to be true...

This unit at 400 W. Riverside #4 in Burbank has been on the market for awhile, but just had a MAJOR price reduction down to $344,500.  That's a very low price for a 3-bedroom, 2.5-bath unit that's over 1500 square feet.  With its own attached garage. And they were offering a 3.5% credit!  In the Burbank Rancho -- your horse could live nearby! And redone inside with a new kitchen, smooth ceilings, relatively low hoa fees, a pool, bla bla bla.  My clients and I went racing over there last night.  It seemed too good to be true...

Alas, it was.  The listing agent told me this a.m. that they were probably going to accept an over-full-price offer today.  No time for my clients to write one.  Jeez, that was fast, especially for a foreclosure.  And so disappointing for us, too.  But as I said below, the best cure for the "home that got away" is always another home. Sigh.

2 comments:

  1. I like that you call it a townHOUSE and not a townHOME.
    Nothing your clients see is a home until they live in it.

    And townhome just sounds clunky and forced.

    Thanks for keeping it real, as always.

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  2. Investment into the property is hard. But it is good for feature.
    now a days a good project appear in noida by jaypee builder named Jaypee Klassic.

    ReplyDelete