Showing posts with label unfunded HOA reserves. Show all posts
Showing posts with label unfunded HOA reserves. Show all posts

Thursday, December 01, 2011

4604 Norwich in Sherman Oaks closed yesterday at $592,000

4604 Norwich in Sherman Oaks closed yesterday for $592,000.  It was listed at $550,000.  We had six offers in the first week from qualified buyers and the lowest was $565,000.  Although that sounds like it was probably an easy-peasy deal for me, it had serious challenges all the way through.  I blogged about the weird appraisal earlier and may expand on that some day.  Other issues: there was no money in the HOA reserves -- this was my very first time dealing with that, and we had to come up with ways to get it funded.  Oh, the list goes on.  As I said, I may blog more about this in the future.