SOLD: 3324 North Knoll, Dr. Vacant Land, Los Angeles, CA 90068

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://staging.activerain.com/droplet/5clT

3324 North Knoll Dr, Los Angeles, CA 90068 SOLD! Some transactions are easier than others. Now with that said this one was NOT one of the easier ones.

I received a call from a friend who is a very successful Realtor in the 90068 zip code. She was very gracious and asked me to represent the seller  in a vacant lot, because she knew I could sell it after all I am the Land Man…

www.endrebarath.com

I immediately reached out to the sellers and the conversation began, in the mean time I reached out to the Title Company to provide me with the Preliminary Title Report. Before I even received the  Prilinary Title Report, I had the listing agreement signed.   Shortly after the marketing began, I received an offer from a well-respected Realtor who has become my competitor in the Land Sales in the Greater Los Angeles area in the past fifteen years. Just to give you an idea we have done a few transactions over the years. Just as well, we have crossed each other’s paths in getting or losing a listing to each other. Often, we follow each other, if he did not sell one of the lots or if I did not sell one of the lots yes you guessed it, we end up replacing each other… Ironically, we end up bringing the buyer to the same vacant lot  to each other and we have a good laugh about it. We have great respect for each other and would never make the other look bad or bad mouth the other in the listing presentations, because we know we will be facing each other when it is time to sell it.

www.endrebarath.com

So, with that preamble, he bought the buyer in a few days after I listed the land…. As we were negotiating the offer, shortly after it we had acceptance. Finally, after acceptance, I received the Preliminary Title Report. Needless to say, I almost fell out of my chair. There were five Judgements to the tune of double the amount of what the agreed  purchase price was.

Now the real work began. I am so grateful that it was the “other land guy” on the other side of this transaction.  A 30-45-day Escrow became a 60 day escrow with a Land Loan to boot.

www.endrebarath.com

The attorney who negotiated the Judgements was fantastic as well. He managed to get all five of them reduced within the time line. Truly amazing and on top he did not do the easy solution by trying to squeeze the Brokers who worked so hard to keep the deal together. We did not have to cut our commissions to make the deal work. The Seller was gracious as well, he did not hold his hand out to squeeze a few more dollars for himself. He appreciated, that there were two professionals on both side of the transaction.

Interestingly his Daughter was a Realtor too and she stayed in the background and did not posture or become part of the problem.

www.endrebarath.com

A tough transaction with happy buyer and happy seller. One cannot ask for more!  Then the day  before closing there were some last minute drama between the Title Company and the Lender, needless to say it got resolved, but the Closing was delayed by a day and if it would have been delayed by two days then the entire deal would have fallen apart, because there was a deadline by one of the Judgements to have it close NLT than May 18th, 2018.

This was truly a Team Effort, Escrow, Title, Buyer’s Team and Seller’s Team!

No problem is too difficult if you have a team that works together for the same objective making the buyer and seller have a successful closing.

If you are looking for a focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I contribute a portion of my commission to local animal rescue organizations.

 

 

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Rainmaker
3,681,828
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre,

Congratulations on selling this land, and it time for you to celebrate...which bubbly to buy is what you need to now ponder?  Cheers A

May 19, 2018 01:19 PM #11
Rainmaker
2,732,995
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

We do a search and hold on title before the ink is dry on the listng ocntract...the

best suprise is none !

May 19, 2018 01:23 PM #12
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Wow Endre, that was a tough one but way to stick with it! Congratulations on your "eventual" closing!

May 19, 2018 02:02 PM #13
Ambassador
3,450,673
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre you are on fire this month my friend.  Hope there are many more sales in your future.

May 19, 2018 03:22 PM #14
Rainmaker
1,692,624
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Endre Barath, Jr. - Congratulations on another land sale! It is not easy to do what you do but you sure make it look that way. But that takes years of experience. You're just a natural and incredibly good at what you do!

May 19, 2018 07:23 PM #15
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander   I was glad that the sellers were able to get out of a great deal of financial obligation and I was able to help, Endre

May 19, 2018 09:12 PM #16
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs  you are absolutely right on all counts, Endre

May 19, 2018 09:13 PM #17
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ron and Alexandra Seigel  you are funny so San Pellegrino is not an option??Endre

May 19, 2018 09:14 PM #18
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sally K. & David L. Hanson  like I said the Title Search was not back in time for the listing and the offer and counter offer to dry on the paper... we have a fast market here and if we did wait the result still would have been the same, Endre

May 19, 2018 09:15 PM #19
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe Maxwell, CRS  at least it was not like the one that was all cash and took four months:))Endre

May 19, 2018 09:16 PM #20
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  you know how it is...looking for the next one:))Endre

May 19, 2018 09:16 PM #21
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Oh Patricia Feager  you are so sweet, I love it when you come over and spread the love with your comments, Thank you, Endre

May 19, 2018 09:17 PM #22
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Now, that one is for the books, Endre Barath, Jr. - you'll never forget it!  

May 19, 2018 09:26 PM #23
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ha ha    Debe Maxwell, CRS indeed that one will not be forgotten until the next one that might be harder:))Endre

May 19, 2018 09:29 PM #24
Rainmaker
2,328,954
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

No problem is too difficult if you have a team that works together for the same objective making the buyer and seller have a successful closing..... Congratulations to the entire team, Endre.

May 19, 2018 09:33 PM #25
Rainmaker
2,670,749
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Rebecca Gaujot, Realtor®  you said it so well I should have included your comment into my post:) Thank you and you are absolutely right, Endre

May 19, 2018 09:43 PM #26
Rainmaker
2,556,288
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Congratulations on another great sale once again and many more in the future, hopefully! This is Generic answer but an honest one. :)

May 19, 2018 11:58 PM #27
Rainmaker
2,556,288
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Rebecca said it very well and as you should be so happy about it! Good luck with everything!

May 20, 2018 12:00 AM #28
Rainmaker
2,732,995
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Wee well understand a fast market....we appreciate fast service from our title company...and get it.

May 20, 2018 01:56 AM #29
Rainmaker
3,681,828
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre,

We love San Pellegrino.  And I was referring to Champagne, the bubbles that come from Champagne---not the ersatz stuff.  A

May 20, 2018 06:44 AM #30
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Rainmaker
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Endre Barath, Jr.

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