Thursday, May 14, 2009

A Burbank foreclosure for only $294,030!?

1913 Niagra (also spelled Niagara) has just listed in Burbank. It's a 3+2, 1150+ sf and is a foreclosure. It needs to sell all-cash, as one bathroom's fixtures have been removed and that makes it extra-hard, if not impossible, to get a loan. It is listed for $294,030, which must be the lowest per-square-foot price in Burbank. The listing agent's assistant tells me that there is already one offer in, and clients of mine want to make an offer early next week. Do I think that it will sell for $294,030? Nope. I predict it will sell in the mid-$300's.

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