Saturday, October 26, 2013

5703 Troost, North Hollywood is sold and I get taught a lesson

5703 Troost in North Hollywood, listed in September for $495,000, sold this week for $512,000.  It had been in escrow for $515,000 but that got 'walked back' during the inspection process.  My sellers were wonderful, savvy clients who moved to get a shorter commute.

I met the buyers at the open house and it was immediately evident that they liked the property.  The buyers told me they were going to use an agent from a popular online site that we'll call Greenscale.  I told them this would put their offer in a bad light -- Greenscale chunks its tasks down so much that you never know what agent you'll be dealing with that day, or who said what to whom, or who has the paperwork, etc.  Because of that, they are quite difficult to work with and that's a material fact I would have to tell my sellers as they considered the multiple offers we received.

So the buyers picked a regular Valley agent instead.  Hurray -- but not so fast.  This Realtor is completely untrained on the internet or any electronic communication devices.  I should have known I was in trouble when I received a hand-written offer on forms that were six generations old.  Anyway, we wound up double- and triple-doing and communicating everything over and over again, which is exactly what I wanted to avoid with a Greenscale agent.  And I got taught a lesson about trying to make transactions easier.  But the transaction closed, and I will miss my sellers and their baby.

1 comment:

  1. Likely your transaction would have been worse with the "Blue Tail" Realtor, I had one, and the agent was late or missing for all of the inspections. The transaction coordinator was a full time mom & part time TC. Each conversation with her was muffled by crying kids (I think she had four of them). And I was a working mom; I am not knocking them... but time and place for everything