Multiple Offers in this Market??

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Okay, so here we are in the Hollywood Riviera and most of the 38 houses for sale are sitting and I mean sitting on the market untouched, no phone calls, no showings (unless of course you have an open house then it seems busy.)  I do think there are buyers out there and I got a “yes, there are buyers out there” today when I talked to the listing agent of 139 Via La Circula – a terrific home just listed last Wednesday – so less than a week ago – and it has 8 offers on it right now!  Yes, 8 – that means 7 “according-to-the-agent” qualified buyers that won’t get the house!  Why don’t those seven “left-over and jilted” buyers buy one of the 37 houses that will be left over????  Price, size, location….what is it? 

In this case it was all the above….the house on Via La Circula has everything!  It’s on a great street – the kind where kids play out front and there are white picket fences.  It’s in a great location within the Riviera – easy walk to the beach and Riviera Village.  It was completely redone in 1993 – with over 2400 sq ft, 4 bedrooms, 2.5 bathrooms, + a den, family room and living room, hardwood floors, separate laundry room, the list seems to go on…pool, spa, nicely landscaped backyard….etc.  Now the reason it got multiple offers – it was priced really well – at $1,199,000.  This is a deal – and of course it will sell over this price.  Which it should, no doubt – 8 offers.  I am still amazed!

Anyway….if anyone is reading this and trying to sell their house – you better havea good location, have it priced right and make it look stunning!!!