CRR Blog

1/27/2016: Did you see the one that got away?


Here's a Large Home on a Huge Lot with an Ocean View in Rolling Hills.  On Chuckwagon Road you had a $2,942,107 Value home with wrap-around decks and plenty of space for a big family.  The Trustee's sale was scheduled for 1/27/2016.  The $1,057,582 opening bid was seemingly too good to be true.  If you were ready you could have become the new owner....  if you had a little over $1,460,000 to spend.



This sale was not postponed.  It is not common for a home with so much equity in such a preferred location to go to sale without postponements, but it does happen.   We will be the first to say that buyers should have pursued this opportunity as a conventional sale.  maybe the owner was not willing to sell that way, or maybe they weren't able to. This is a case in point that we need to be ready to bid the first time and every time if we really want the deals.  In this case the bidding was competitive.  The $1,057,582 opener was met and raised.  This must have been quite a spectacle to see multiple bidders over $1 Million going back and forth until the final purchase price was called.



$1,460,000 was the winning bid on a home that can easily be upgraded to a $3 Million Prize.  The winning bidder is laughing all the way to the bank.  Work with us and you could be too.



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