Skip to main content

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
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1oj4duf/conservatorship_sale_west_hollywood/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more