As the title says, today’s Hot Prop on 522 N La Jolla went into escrow literally within the last 3 days with multiple back up offers. This is proof positive that when you price a well done property correctly, it will fly! The same scenario happened with another property I posted about a couple of weeks ago, 880 Hilldale. That town home had an offer before the first broker’s open.
This is starting to remind me of the good old days right when I was becoming an agent. Unfortunately, I was just starting out so I never got to enjoy that time period when your best friend’s sister’s cousin from Pacoima decided to get her license and made 100K in six months by just standing in front of an open house. The good news is that those agents are gone with the wind and the hard working ones (ahem…) are the ones that have remained standing.
Today’s moral – if you see something that you like and it is priced almost too well, snag it up!!! Like I said in the beginning of the week, there are a lot of great properties that are priced very agressively hitting the market now.
Don’t cry in your dirty martini that you missed out! I have a feeling we will be seeing a lot of exciting homes hitting the market over the next few months!