First-time buyers Elizabeth and Jim are the proud new owners of this home in the Lake Hollywood area. This transaction had a bunch of challenges.
The house is a flip and the new stuff is really nice, but an entire lower unit had been torn out on the order of L.A. City. And there were lots of brand-new concrete pours and patches which indicated lots of cracks and slipping. This is no surprise as the house is built on a hillside.
We had lots of inspections and estimates and the news wasn't so great. But two factors made this purchase a go: first, Jim and Elizabeth are up to the challenge of a not-perfect house and second, the sellers gave the buyers a huge, huge credit. (It's the largest credit of any real estate transaction I've been involved in.)
I am eager to see how Jim and Elizabeth (wonderful clients, btw) will fix this up. Here are pics of a friendly neighborhood kitty and also the sunset view from the front porch.
My daughter and her fiancee are looking at new homes for sale. They are going to be married soon and they are very excited to move in together and start a family. I bet they would love a house like this.
ReplyDeleteSusan Hirst | http://www.houseandcastle.com/