Thursday, February 23, 2012

2007 N. 6th Street, Burbank, has closed. Hooray!

The probate fixer at 2007 N. 6th in Burbank has closed for $450k.  This property is rough and I wish the new buyers all the best for this.  Yes, they plan to re-do it and sell it. 

We received a total of 11 offers and all of them were cash.  And, surprise surprise, we got into a late bidding war (usually bidding wars happen at the beginning of the listing).  Three buyers duked it out (and wanted to duke me out) over about $1000 dollars at a time. 

The house had been vacant for many years and had holes in the ceiling, holes in the floor, etc.  Yes, it was jungle-y around the outside which is why the picture above isn't better. We worked around break-ins, trash-outs, board-ups, etc.  The probate attorney was a real asset (don't be afraid of probate, buyers!) and some of the sellers were, too.  I'm sure the new house will be a welcome addition to the neighborhood.

2 comments:

  1. Congrats on the closing! Is always nice to see buyers duking it out. Take advantage :)

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  2. Anonymous10:06 AM

    Do most sellers give any consideration to whether someone intends to use the home for their family to live in, or intends to use it as an invesment vehicle and flip?

    thanks.

    ReplyDelete