Friday, January 02, 2015
The saga of poor little 11485 Moorpark #17 in Studio City
We had lots of activity the first few days and got three offers. Two were over $400k, and we picked one. Those buyers backed out after their inspection. Too much work for them, even though the price was right. Dang. Three weeks later, we received another offer. A brand-new Realtor was the buyer. I should have had a hunch that she wasn't sincere when she seemed more interested in a lower price than the actual condo. She danced us around for awhile and finally cancelled after almost three weeks. Ugh.
But -- one of the original of the three would-be buyers noticed that we were back on the market and reinstated her original offer! Her offer had been $390 and the sellers took it. The escrow went relatively smoothly and she closed just before Xmas for $390. I hope she'll be very happy in her new home. I loved working with my sellers, too. Takeaway: Surprise! Even properties in hot areas at low prices can languish on the market.