I said I'd tell you how the Burbank short sale is going

Well, it's going fine. So far.  The buyer has been a real trooper and has already removed his physical inspection contingencies.  All paperwork is into the banks -- yes, there are two -- and my negotiator thinks somebody will be assigned to the files next week.  I expect a call to schedule a brokers price opinion visit anytime (that's like an appraisal, but is done by a Realtor that the bank hires).  Stay tuned.

That was fast. 2012 W. Verdugo Ave. is in escrow

I listed 2012 W. Verdugo in Burbank last week for $525,000.  It went on the multiple listing service on Monday.  By Wednesday night we had a great offer.  By Friday we had opened escrow.  By today we have three good backup offers.  Did I mention that it's a short sale?

I must have fielded at least 20 calls a day from Realtors, and at least 15 calls and emails a day from buyers. (Because it's a short sale, I can't represent both buyer and seller.)  The house was mobbed during showing hours.

What can we infer from this very fast activity? That the market is "back"? I wish. That it was priced too low? No -- with that amount of traffic, we should have had 20 offers.  That people really like mid-century architecture? Yes.  That people want to live in little Burbank, in spite of the fact that it's not exactly a bastion of hipness? Yes.  That people are more educated about short sales than they used to be? Yes. That...oh never mind. 

But the fun (and the work) is just beginning since it's a short sale, and I'll keep you all posted.  Did I mention that the 1st lending bank is BofA? MMMmmm, my favorite!

2012 W. Verdugo, Burbank just listed at $525,000, rare mid-century 4+2+pool!

Looking for that rare mid-century at Burbank prices? Want style and substance? I just listed this Eichler-esqe 4 bedroom, 2 bath, 1955 sf. home with separate studio and pool. The many architectural features include an open-beam ceiling with loft, stand-alone wood-burning fireplace, brand new concrete counter tops and brand new glass block tile in the large, sunny kitchen. This unique beauty also has a master suite with pass-thru walk-in closet, 3 bedrooms downstairs plus bonus room, central heat and air, French doors to back, some new windows, glass block wall in bathroom, separate laundry room, large covered deck, fully-wired separate studio with window a/c, an entertainers patio which leads to the gorgeous pool and spa and much more. Even though this is on a busy street, it's a terrific neighborhood and is close to all, with outstanding Burbank public schools. It's a short sale, but I'll be using a professional negotiator, so I think this will go smoothly. See my website at JudyGraff.com for more pics and contact me for showing info.

Coming next week: mid-century modern with 4 bedrooms in Burbank

More details to follow, but next week I will be listing a 4 bedroom, 2 bath home in the center of Burbank for $525,000.  It has a pool, loft and separate studio too! Want style galore? This one has mid-century features like open-beam ceiling, stand-alone fireplace, etc. plus the kitchen has just been redone.  Yes, it's a short sale, but we have a professional negotiator working with us on this.  I'll have it listed Monday and will have lots more details then.

Need to short sale your California home? You may be eligible for up to $5,000 in relocation assistance

If you are a low-to-moderate income home owner who is considering a short sale on your home, check out this article: http://www.keepyourhomecalifornia.org/files/tap.pdf .  It claims that California is offering up to $5k in assistance -- the devil is in the details, I'm sure -- to help you relocate or even get counseling.