For Professionals of the Probate and Trust Industry

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Helping a Family in Crisis: Real Estate Matters

It was an honor to be able to help this family during a time of crisis. Read my last post titled “Real Estate 911! Wow, what a hustle!” for the background on this Garden Grove property. The administrator of the estate wrote the Google review below:

“Orit is a superstar! She handled an estate sale for us and took incredibly good care of us. The house was in the middle of a renovation, had multiple creditor issues, was full of personal property and was set to be foreclosed on in around two weeks. It was a nightmare situation during a very difficult time for our family. However, Orit and her team took it all in stride.

She took quick action and immediately had a team in place. From the overgrown grass to the rotting pool, her team worked at lightning fast speeds to get the house cleaned up, fixed up and creditor issues squared away. Being Cc’d on her emails, everyone she worked and/or contracted with fired on all cylinders and worked as a team to get the job done. It was like a movie seeing everyone pitch in and work together. She made herself available all hours of the night and always showed the utmost respect and compassion throughout.

At first, we were hoping to just avoid a foreclosure sale and hopefully just get the creditors taken care of. I was expecting to be in the red after the sale but after Orit stepped in, the estate is walking away with a 6 figure net recovery. Simply incredible.

She is very knowledgeable and it really helped us meet all the deadlines and avoid the foreclosure auction. She is also very resourceful and seemed to have a person on call for every job necessary. She never let the pressure get to her and everything got done very efficiently. Thank you Orit, you made this difficult process painless! My family is very grateful to you.”

Sold in 3 Days! Wow!

I see agents boasting about selling a property in one, two, or three days. And some people think this is impressive. 

After nearly 20 years in the business, I still do not understand what there is to boast about.

Is it not better to give the property the proper exposure and leave it active on the market for 10 days or so, and have at least two open houses (on consecutive weekends)?

Do we not want to give properties time on the market to expose them to as many buyers as possible?

Is it not better to create competition among buyers by waiting to have a multiple-offer situation? 

If the property remains on the market long enough this can easily result in competition among buyers with a multiple-offer situation, which results in increasing the purchase price as high as possible, as it does in bidding wars.