Friday, February 15, 2008

Winchester Short Sale

We're going to get the house! Our offer on the short sale was finally accepted After 2 months of waiting and more waiting and not hearing anything. The waiting and not knowing is the worst part...

We both had doubts if we were ever going to hear from them. We were so doubtful that we entertained the notion of looking at other properties. Out of many that are listed, we actually looked at only a handful. Here are some worthy of mention or notoriety...
  • There is a brand new 2-story SFR on Montana St. in Monrovia, but it is near a freeway underpass and a railroad track. I don't like freeway underpasses... vagrants urinate there!
  • There is a brand new 2-story SFR on Monro Vista Ave. in Monrovia, but it is in an industrial area and the neighborhood looks scary.
  • There is a SFR on Electric Ave. in Alhambra, but it was a fixer-upper The neighborhood is in the desirable northern part of Alhambra (near the South Pasadena border). But my wife saw inside the property and said it is filthy and a tattooed wanabee gangster lives there...
  • There is a SFR on Vega St. in Alhambra, but it was also a fixer-upper. I was surprised to hear my wife say that she was serious about getting the property even though it was going to be a lot of work: new floors, new kitchen, new baths, etc. At least$50K worth of upgrades and repairs. I think she wanted it simply to deny her hated enemy who was also looking at it at the same time...
  • There is a nice SFR up a hill on Orange Grove Ave. in Alhambra with a view overlooking Cal State LA. A nice old lady lives there. The property is nice, but it is priced above our range.
  • There is a SFR somewhere on Gleason St. in Monterey Park, but it needs to be razed The house had fallen into disrepair and the inside was completely ruined. The paint was peeling and the floor was warped due to water damage. The entire house smelled musty...
  • There is a really nice SFR on Holly Oak Dr. in Monterey Park. It is in a quiet neighborhood and has a good-sized lot. Unfortunately, it already had multiple offers! It's hard for me to imagine that buyers would get into a bidding war especially when this is a buyer's market...
Soon we will enter escrow. This was the best news I've heard in a long, long time.

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