Bidding Wars

Found 1 blog entry about Bidding Wars.

There's a normal flow to a real estate listing and sale:

  • the home gets "talked up" for a few days among agents,
  • a sign goes up outside,
  • the property hits the MLS, going out to websites like South Bay Confidential,
  • a weekend of open houses draws in the curious, and, eventually,
  • offers come in and the seller picks one.

Sometimes the offers take longer than others, but that's the basic flow.

907 Pruitt Drive Redondo Beach CABut that's not what they're doing at 907 Pruitt in North Redondo Beach.

This 3br/2ba, 1350 sqft. cottage is super clean with fairly recent updates, attractive front yard and a decent location near Adams Middle School.

It's also priced about $300K or more below any competition, asking $495,000.

Too good to be true?

Of course it is!

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