Kendyl's Open House

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Northwest Glendale Hotsheet

This must be the week that everyone in the Real Estate industry comes back out of their hidey holes to play. Come on, people! The sun is shining, the holidays - American and Armenian- are seriously over and the buyers are starting to look for new places to live. I had a fantastic open house on Sunday, so let’s get to it!

Here is the update for the weekend:

Ruberta is Mr. Potter’s old residence. This buyers bought it 18 months ago, remodeled it, added to it and are now selling. They paid $766,000 at the height of the market, completely remodeled it and added lots of space. I smell a deal, here!

1352 Idlewood has been on the market 3 or 4 times in the last few years and it never sells. Unique floor plan (read “strange”) and small, not very usable backyard make this one a hard sale. Add to that an ambitious price and sub standard commission - well, you add it up. Note to home sellers… real estate agents are just like anybody else. We are motivated, or unmotivated, by the compensation offered to work on a project. The lower the compensation, the lower the incentive to try and sell your home.

1900 Ransom Rd. has so many wonderful and unique features, I think it can live up to it’s asking price. It is a true MidCentury Modern - as opposed to most who claim the title but merely pretend. It is a pristine restoration, the floor plan is outstanding and it has a pool with lots of yard facing jet liner views. (No, I don’t mean you see jet liners, silly. I mean you see views like you are on a jet liner). Brad Pitt - are you reading my blog? You need to call me for an appointment to see this home.

2044 Glenwood reduced it’s price, but not enough, I fear. This is a cautionary tale for those who want to fix and flip! Purchased for $490,000 last year, you would think that there is plenty of room for profit. But after adding 600 sf and remodeling everything possible I would bet they are into it for $100,000 (and that’s only if they have connections. Retail prices for that kind of work are far higher). After carrying costs for a year and the cost of buying and selling, these people are lucky to make anything at all.