Pin the price on the property

Listing History for 1135 Berkeley:

7/8/05 $2,799,000 108 days on market

11/3/05- $2,679,000 209 days on market

6/21/06- $2,190,000 110 days on market

2/1/08 - $1,995,000 46 days on market

So really- there are are currently houses listed in this little microneighborhood from $1,995,000 all the way to $3,150,000. They aren't moving.

What would be a fair offer today?

What about 6 months from now?

Guesses?

Comments

Post a Comment

Popular posts from this blog

Pointing and laughing

For the people who have screamed out about "catching a falling knife", I hear ya, really I do. But the uncertainty of living in a rental or buying at a (what we consider a reasonable price) greatly reduced (think early 2004) price in a superior school district at 6.5% interest on our loan really influenced our decision. We will be in a neighborhood that we love (even at night) with parks, superior schools and a grocery store within walking distance. The backyard has room for the swingset of doom. The guest room is sufficiently removed from the rest of the house so my mother in law doesn't have to listen to my children at odd hours of the day and night.
Read more

Getting the FBI Background Check

Start now. No really. Even with the expediter ($79.99) and using Livescan to deliver the fingerprints ($39.99) turnaround time to get the FBI letter into my hands was 9 business days. Then Federal Express to Washington DC expediter to get the Apostille (otherwise 6-8 weeks). Arrives at expediter on Monday. Enters system on Tuesday AM, returned to expediter on Friday PM. Federal Express to Cyprus because the documents will not be in my hands before we fly there.  Even with the expeditors on both ends of the transaction, an FBI Background check can take 4 weeks. You cannot "save time" by having your background check sent directly to the expediter in Washington DC to be carried to the counter for the Apostille. They can't accept it. You need it sent to your attorney, who will forward it to you (or directly to the expediter), then to Washington, DC to the Department of State counter, then 3 -5 days later, back to the expediter and on to courier service. So TL;DR Start pro
Read more

Is that the Expo line in your backyard?

Hello 10631 BRADBURY RD , LOS ANGELES 90064 Your newly reduced price of $1,599,000 is truly impressive considering that your lot size is the minimal Cheviot Hills/Rancho Park 6,600 sq ft. Your close cousin on Dunleer Place (with a bigger lot) is now listed at $995,000 and still not moving, so perhaps the value is a touch inflated. Really, how much is it worth to you to have commuter train hurling through your back yard on its way to Santa Monica and back?
Read more