re4real

Archive for June 2009

She ain’t nuthin’ but a gold digger….

In Uncategorized on June 24, 2009 at 11:41 am

short sense

First of all I love this ad. How can you not? And, even though I can scour the MLS for properties in the pre-foreclosure state, this is a good way to access the lion’s share of them all at once.

Check out the link to find properties that are “short sales.” This means, in a nutshell, they are listed for sale at prices less than what the current owner owes. It’s all about market value, supply and demand. Basic economics. The only downside is that the process can be grueling and arduous, but who ever said that buying a house is fun? ;) Oh, I did!

www.shortsense.com

You should have been in pictures!

In Uncategorized on June 23, 2009 at 3:54 pm

This house is so damn cute. It’s like an over-sized hotel suite in Shabby Chic style replete with the original Bachelder fireplace from 1928 – but the entire house has been given a perfect face-lift. White walls and moldings, character hallways, picture window from the guest bedroom looking out to the spa-esque dipping pool + guest house for visitors, family members or to rent out and help pay the electricity bills or car payment – but maybe you just have a bike, manual and motor, because there ain’t no garage at this abode. Barreled ceilings, tasteful fixtures and finishes….doesn’t need a thing, except maybe the addition of a California Avocado tree in the luscious garden. The property has been on the market for 138 days and has been reduced to the cool cool price of $1,399,000…take away the one from the front and it would likely have 1000 bidders and maybe sell for a mil. At this price it’s going to sit. Sorry seller. Not sure what your agent’s been telling you as to why your house isn’t selling, but the days of buying the worst house on the best street are back in vogue. This is one of the best houses on a great street – BUT, it has two bedrooms in the main house and one detached guest house/room which just isn’t enough, even in Santa Monica, to substantiate the list price. I’m sure the owner doesn’t want to lose money on the investment, and some true love and care was placed into the remodel/upgrades, but if he or she really must sell they are going to have to heed this advice and reduce, reduce, reduce! At $1.2 mm this could be someones dream home. Add an extra bedroom later on down the road. Maybe a new master on a second floor addition, or push out toward the back. Until that day comes, take the design elements and buy the foreclosure on 25th Street for $800K (mentioned in an earlier entry) and do the upgrades yourself…. ;)

Click on this link to see photos & more info. about this home:

http://guests.themls.com/view_photo.cfm?mlsnum=09-345757