Patience and preparedness once again paid off for our clients, who were able to secure this property at well-below the comps the area. When the property first came to the market, it received substantial attention and immediate multiple offers, ending up going into escrow for over $1.2m. This was not surprising, as the home has been beautifully remodeled, has a separate ADU great for guest quarters or an office, and boasts a spacious and private back yard. However, in a changing market, when the property fell out of escrow due to the prior buyers’ cold feet, it had lost the attention of the other interested buyers. Through our office’s negotiations and working a connection between our preferred lender and the listing agent, we were able to secure a fantastic deal for our clients at just $1.16m. As usual, our thorough inspections and review of seller disclosures insured that our clients went into the purchase with eyes wide open. A smooth and easy 30 days later, and our clients are now the new owners of this beautiful home adjacent to the rapidly appreciating West Adams area.
