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.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Showing posts with label 5703 Troost North Hollywood. Show all posts
Showing posts with label 5703 Troost North Hollywood. Show all posts
Saturday, October 26, 2013
Wednesday, November 30, 2011
5703 Troost in North Hollywood is closed
I brought the buyers for this 3+2 in a great little North Hollywood pocket. The neighborhood is close to the subway, restaurants (Federal Bar! Eclectic Cafe! Coley's!), night spots and the police station. Lots of young couples are buying there these days. I brought the buyers, who are 8 months pregnant. The house needs a little work but has lots of potential, and Mr. Buyer is very handy. Unfortunately, the buyers were unable to get a loan, but the parents rode to the rescue and bought it for all cash -- it closed at $362,000. Yes, there's nothing like the impending arrival of a little one to loosen parental purse strings. And yes, I've asked to be adopted into the family
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