Steve Dobbs had the pleasure of bringing a buyer to a short sale of a luxury home in the Locust Creek area of Louisville KY. This home sold for $1.2 million in 2004 and was extremely well appointed. Every luxury item that you could imagine was there and then some more. The Millwork was very extensive and very well done. Interior doors were 8’ tall. As you would expect, the kitchen was a chef’s delight. There was a separate work preparation island with a 3.5 inch butcher block counter. The basement was very well done and included a theater room and killer bar.
The listing agent was excellent and did a great job in negotiating with the bank and working with their sellers. They were extremely knowledgeable about the short sale process and actually like the complexity of the challenge that short sales present. We were 80 days from offer to final close. We avoided the Jefferson County Commissioner’s sale with less than 24 hours to go. We have more detailed information about Louisville Distressed Properties on another page.
The lender also did a great job. Once we received short sale approval, we had a narrow window to get the loan in place. Our loan officer was able to rise to the challenge and we closed with no hiccups.
It took all parties to make the short sale on this luxury home happen. The negotiator on the listing team did an excellent job as she had to keep all parties satisfied. We had issues with the price negotiation and plumbing issues. The water was turned off, but no one drained the pipes. Therefore, winter in Kentucky gave us a little more trouble!
Was it a pain in the butt dealing with this short sale? Yes. Did my client get a great deal? YOU BET!!
For more information on how you can get a great deal on a short sale in Louisville KY, feel free to contact the experienced agents at The Hollinden Team.
Comments(1)