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Conservatorship sale West Hollywood

Hi, I’m a newbie buyer to the court overbid process and would like help getting a sense of how much a property would be overbid by in prime West Hollywood. I am assuming that the property, which is a four plex that is underpriced compared to current market (although not really, considering softening rents due to job market), would not go to court WITHOUT a bidding war. Seller purchased for $1.97M in 2019 and it’s asking $1.78M. But maybe I’ll be pleasantly surprised, as in, few bidders and not too aggressive at that?? Also, how likely is it that there will be no or few bidders if the court hearing is in Jan/Feb? I really don’t want to start the process if I’m going to face a bidding war with investors in such a competitive submarket, but have no clue if such a bidding war will even materialize. Thanks for any advice and guidance!

submitted by /u/Ok_Talk4753
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source https://www.reddit.com/r/RealEstate/comments/1oj4duf/conservatorship_sale_west_hollywood/
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