Memorable Transactions in the greater Los Angeles Real Estate history...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5lGT

 I had to share this transaction I would have been remiss if I did not participate in Carol Williams  and Anna Banana Kruchten CRB, CRS  Active Rain Challenge.

 As most of you know, the longer we  have been in Real Estate the more stories we can choose from. Sometimes that makes challenges like this harder, since we are having a tough time choosing the story to share with the readers. Some we cannot share due to confidentiality agreements and others we cannot share because we are still in contact with the clients or their connections. Then there are others that people do not want to read, because of all the emotional roller coaster ride  of the story brings back bad memories of their own transactions. Hence with that said I chose to share an entertaining transaction that I experienced.

www.endrebarath.com

Most of you know I have two niche markets, one being a vacant land specialist in the Greater Los Angeles area and the other being an International Buyer and Seller Specialist in the greater Beverly  Hills area.

So, with that let me start how this all began.  I received an email from a potential client from China, he wanted to know how the Real Estate Market was in Beverly Hills, Malibu and just in general in my market.

Numerous communications later, he informed me when he will be here in Los Angeles and then we should look at properties. The price range was reasonable that I blocked of three days for this visit.

I suggested I meet him at his Hotel, he in turn suggested a specific date & time at one of my vacant land listings in the Hollywood Hills. I I thought it was a bit odd, nevertheless  agreed to it. I figured that he is all business and did not want to chit-chat and has his own rental car.

This particular land  listing was in the Sunset Strip area. The least expensive fixer home nearby was going for about $1.5 million and the most expensive one next to my lot sold for about $5 million plus. The area was completely built up and only a handful of vacant lots were nearby.

When I got there , I did not see anyone, keep in mind I like to get there early.  I was patiently  pacing up and down in the cul-de-sac waiting for the client. The  appointment time has come and gone and still no client. I also noticed that there has been a Yellow Cab parked in front of one of the homes. Hence, I figured what have I got to lose, I walked over there and in the back seat there was the client from China. Keep in mind they were there before I arrived. Clearly there was one happy  Cabdriver😊!

www.endrebarath.com

(as you can see he did not show up in BMW top of the line car:))

Yes it was the buyer I suggested to him to dismiss the cab and I would be happy to drive him all over the greater Malibu to Los Angeles to see the lots he was interested in… turned out he stayed in one Hotel on the West side of Los Angeles where I dropped him off.

Then the next time when I picked him up he told me he found a better priced hotel😊. Go figure we went to Malibu, but his Hotel was Down Town Los Angeles add another 45 minutes to drop him off!

Yes it was a successful ending to the story all the driving around made him realize that the first property he saw with me aka my listing was the best. Yes, we closed on the deal.

Now looking back,  it was a relatively fun and easy transaction. At the time I was playing cab driver and Realtor for three days driving about 400 miles between Malibu and Downtown Los Angeles it did not seem like it😊

So with that said I was on both sides of the transaction, another easy sale:)))

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

 

 

 

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Tags:
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challenging real estate transactions
los angeles affordable condominiums
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Rainmaker
810,274
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

That's funny that the client was in the Cab all the time Endre Barath, Jr. Go figure...lol

Dec 16, 2019 09:57 AM #11
Rainmaker
2,099,634
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Clearly, International Buyers and Sellers are in good hands when you're behind the wheel servicing their needs. 

Dec 16, 2019 12:36 PM #12
Ambassador
2,258,342
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Sometimes the unexpected shows up! Glad you were able to find him Endre and it resulted in a successful transaction!

Dec 16, 2019 03:16 PM #13
Rainmaker
2,534,476
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Great story, Endre... love getting both sides of a transaction.

Dec 16, 2019 08:43 PM #14
Rainmaker
1,401,981
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Great story, Endre. Has he had anything built on the property yet? 

Thanks for your entry into our fun December Challenge.

Dec 17, 2019 08:03 AM #15
Rainmaker
721,042
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Driving (to) a hard bargain has another meeting now Endre Barath, Jr. , you are "Da Man!". Jeff 

Dec 17, 2019 02:44 PM #16
Rainmaker
3,253,018
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Oh yes Endre, I think we could all sell books on our Real Estate transactions. Actually, we could probably all write volumes!

Dec 18, 2019 08:22 AM #17
Ambassador
3,507,964
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Forgot to add...THIS is why we don't really need the toys everyone is paying for. We are 'get-it-done' professionals and word of mouth travels very quickly!!

Hope you're having a great weekend, Endre!

Dec 21, 2019 11:31 PM #18
Rainmaker
3,261,957
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debe Maxwell, CRS  I suspected either he was oblivious or was checking out  how I would respond? BTW loved the car and I bought my first Lexus RX330 because I needed room for my Signs and over the past 15 years seldom do I cart clients around so I get it about your two seater:)Endre

Dec 22, 2019 11:50 AM #19
Rainmaker
3,261,957
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

James Dray  the long answer is a blog post:) the short answer is no:))), Endre

Dec 22, 2019 11:51 AM #20
Rainmaker
3,261,957
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  you are so right have done many Relocation Buyers to Los Angeles who discovered that I was not lying they can not afford it here, hence no tip:))Endre

Dec 22, 2019 11:52 AM #21
Rainmaker
3,261,957
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  your comment reminded me when I held an Open House in Laurel Canyon  about 15+ years ago and three or four fun loving twenty somethings came in...They were upfront and asked: If is it OK if they looked around they were from Georgia and wanted to know what $900,000 buys? It was a slow day so I escorted them around the house..... two years later a buyer reached out from New York City that he was referred by his friends from Georgia to work with me:)) First a lease and then a Sale later....

Dec 22, 2019 12:13 PM #22
Ambassador
3,507,964
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Well, it's certainly not an 'avoidance' but, rather, a fact of life in 2019 with buyers. Needless to say, if 2 or more come to town and prefer to be driven, I have a bigger car at home I can use! Otherwise, I love the 2-seater - it's a fun little ditty! LOL

Have a great week, Endre!

Dec 22, 2019 03:05 PM #23
Ambassador
4,105,757
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

This was a great story, Endre. Glad it all worked out, as I hoped from the beginning it would. Not everyone would have done what you did!

Jeff

Dec 23, 2019 10:01 PM #26
Rainmaker
2,029,308
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Endre Barath, Jr. - since you told us it was a happy transaction I wasn't in suspense but I could have been with the way it began.

Dec 24, 2019 07:02 AM #27
Rainmaker
729,883
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

It is so nice to read one of these contest entries in which the outcome was NORMAL and positive. Not every deal turns out badly.

Dec 25, 2019 11:22 AM #40
Rainmaker
672,502
CA COASTAL ESTATES Lauren Selinsky Perez CRS
California Coastal Estates - Aliso Viejo, CA
"Your Real Estate Broker" #oclauren

Interesting story. You just never know with our buyers in Southern CA.

Have a great 2020!

Lauren

Dec 26, 2019 11:59 PM #49
Rainmaker
1,218,485
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Endre

Great read. Sure rings true with the Chartwell Estate recent sale for at $150M. cheers cvc

Dec 27, 2019 09:26 AM #55
Rainmaker
2,534,476
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Stopping by to wish you a very Happy, Successful and Healthy New Year

Dec 28, 2019 06:06 PM #62
Rainmaker
648,880
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Thats a nice looking BMW!!  As always I enjoy your posts and am gald there was a happy ending!!  Happy New Year to you Endre Barath, Jr.  

Jan 02, 2020 10:40 PM #63
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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