Asked by Cat G., Los Angeles, CA • Thu Jun 5, 2014
I'm asking $155K in an area where other 1 bedroom condos go for $200K and up. But mine is non-warrantable. HOA has too many renters and HUD owns more than 10% of units, but the reserves in the HOA are fine and there's no litigation going on. I have a realtor, I just worry they aren't working enough to move this thing. We need a cash buyer. We do know a lender who will loan to a strong buyer with 50% down. Besides putting it on the MLS and redfin, how can we get attention of cash buyer investors, and do you think $155K for a condo walking distance to the La Cienega/Jefferson train station would fetch a cash offer? I last rented it out for $1125/month.
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