The serious fixer property that I listed in the Burbank hills sold in a last-minute bidding war on Wednesday. I never thought it would happen. It has been listed since November. Although we had many all-cash offers from qualified buyers, we didn't get close to the price the sellers would accept until last week.
Then, the activity got heated and there was a lot of drama. Potential buyers began to bid against each other in small increments. Seventy emails were sent and received about the offers on Wednesday a.m. alone. Old offers rose from the dead. Some players withdrew their offers and left the playing field only to reinstate their offers later in the day. Friendships and professional relationships were skewed (well, mine with some of the other agents). Buyers were unhappy. Sellers were unhappy. There was weeping, wailing and gnashing of teeth (okay, I'm exaggerating). But at the end of the day, it sold for a price acceptable to the sellers and buyer, and we all either drowned our sorrows or celebrated, or both.
*This is a probate and all heirs (there are several) need to okay this. They probably will, but you never know. Stay tuned.
Home »
2007 N. 6th Street Burbank »
Burbank real estate »
probate properties »
real estate bidding wars »
2007 N. 6th in Burbank is sold, we think.*
2007 N. 6th in Burbank is sold, we think.*
Artikel Terkait 2007 N. 6th in Burbank is sold, we think.* :
The parrots are back in Burbank!I saw the famous flock of wild parrots yesterday at Burbank and Orchard Blvds. I wonder where they've been for the last six ...
Why was the price on this Burbank home so low?I sold 2112 N. Brighton in Burbank sold in early October for its list price, $430,000. That price seems low for a Burbank h ...
Rising mortgage interest rates and home sellers and buyers - what it meansBy now, you've probably heard that mortgage interest rates are rising and may go up as high as ('gasp') 5% by the end of the year ...
Burbank's Benmar retaining wallsIf you've been around Burbank for awhile, you know about the BenMar development from the 1950's. This tract was converted i ...
Whew! 2821 Buena Vista closed, and not a moment too soonBuyers Amy and Jorge closed escrow on 2821 Buena Vista in Burbank yesterday. It was a wild ride, and I'll have more details ...