How is the West Los Angeles Flip & Fix Market The Answer is hot & fast
How is the West Los Angeles Flip & Fix Market? The Answer is: It is hot & it is fast!
Life in a day of a Realtor representing Investors in the Greater Los Angeles Real Estate Market!
In case you have not heard Investors are out in droves in the West Los Angeles area. I have been knee deep in trying to get investment properties for my clients. The only propeties that make financial sense are the homes that you can buy and either tear down or somehow do an addition.
We have been writing ‘All Cash Offers’ with virtually no contingencies with offers that were more than fair for the condition or the location and we still kept missing out. Some offers were $20,000 more than what we offered. Other times the Listing Agent stated that they received 15 offers and ours was $25,000 below the best offer and they felt bad, but the seller chose not to counter anyone and accepted the offer.
Well, this is also occurring in the Beach Cities as well, such as Marina Del Rey, Venice, Santa Monica and Pacific Palisades. By the way we have been missing out there as wellJ
Finally great News, the first buyer could not perform and I received the best news. The listing agent wanted to know if we are still interested. Well, since we have written so many offers and none accepted we were still interested.
Good news, after cursory inspection my Investors still see an upside, even though the home is on a busy street with extra square feet of living space this could be a total winner. Ironically the sellers just put a new roof on the home and we are considering adding a second story. See what sometimes sellers think it is a good idea turns out a ‘non plus’ to the buyer.
So stay tuned and morepictures and follow up will be written soonJ!
If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at email@example.com or visit one of my websites at http://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.