Going once...going twice...SOLD!

After 18 long ass months on the Beverly Hills market, I FINALLY closed escrow on my listing! I first saw the home in December of 2007 when my business partner Stephanie and I took our client around to look at some homes. He is a very successful business man from Dublin, Ireland and was looking to buy a nice home here in Beverly Hills or the Hollywood Hills for he and his beautiful fiance. She wanted to get into acting so they were planning on coming to LA a lot. He only wanted to spend up to $3 million. Stephanie and I showed him about 18-20 homes one weekend and the last home that we showed them was the one for them! It was a 5 bedroom, 4 bath, modern contemporary home on a cul-de-sac, with a pool, in Beverly Hills. The owner had just finished a total remodel of the home. It was listed at $3.275 million. We offered $2.9 but the owner WOULD NOT budge below $3.25...so my client took it and we closed escrow the following month. Well, don't know you it, his fiance left him about 2 month later and they never even got to use the home! So he wanted us to try to lease the home. We listed it for lease and had found a renter for 3 months during the summer of 2008. She rented the home for $17,000/month...unfurnished. She was only in town for the summer working on her book. After she moved out (July 31, 2008), we immediately listed the home for sale. Our client wanted to make money and insisted on listing the home at $3.795. Against our better judgement and opinion on the matter, we did as he said. We got no bites on the property what so ever...and ended up chasing the market down the following months. Everytime we suggested a lower price reduction, he would come back and say he would lower the price, but not as low as we thought. It was, to say the least, VERY frustrating!

Having Stephanie as my partner was a gift from God! She is a GENIUS with paper work and knows EVERYTHING about real estate. And while I was sick back East, she took over the operation. We had several offers but none were to his liking. FINALLY, this past January, a recent divorcee came in and fell in love with the home. She offered $2.1 million and after much deliberation, our seller decided to throw in the towel, take what he could, and run for the hills! ;-) The escrow went fairly smoothly and we closed last week! If you remember, this was on my MUST DO LIST OF 2010! It is SUCH a relief to have that home sold. Giving the keys and gate opener away felt very strange...and the following week after we closed escrow, just knowing that we were done with that home, felt even more strange! But I am relieved beyond words and SO happy right now! And even better, I met two great new clients from this listing. One is in the market to buy a home around $3 million, immediately. The other is looking to buy something after April. So Stephanie and I are working hard on getting them both into something! One down...many more to go! ;-) I have a feeling that this is going to be a very good year for Real Estate here in LA! And I'm really excited about it!

To see pictures of the home, please visit the website: http://9903anthony.com/