Posts Tagged ‘Hot Property’

How I Bought a $19 Million House (in a sense)

August 31, 2010
The Joys of Home Ownership

"The Joys of Home Ownership"

Fans of Westside Shadow Buyer, and they are legion, have followed the saga of the Shadowbuyer family since 2009.  As I wrote from the get-go, I am real, but I’m not a realtor.  And, real people have to deal with the realities of life.  Fortunately, my reality is pretty great.

After exhibiting extreme patience (and comparative, but not extreme frugality) for nearly 10 years, my reality in the last couple of years has pointed to, “it’s time to buy a home in Los Angeles.”   I managed to miss the last couple of  years of economic badness that has hurt so many recent home buyers, and to keep dry and ready a nice chunk of money.

So, when it came time to buy  something, I figured I’d be good to go.

Ah, so naive. (more…)

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The Quickening – Shadowbuyers in Escrow!

February 27, 2010
Thanks to WorldAthletes.com.

You miss 100% of the shots you don't take.

The Shadowbuyer family considered its rental home possibilities one evening a couple of weeks back, with the help of Westside Rentals.  It was truly depressing to see the available options in the single-family residence section in our price range.  Then, as determined as ever to get out of our current rental before Shadowbaby #2 makes his debut this summer, and accepting that a new rental was off the table, we broadened the list of neighborhoods in which we might buy.

That’s when it happened.  On a Redfin.com-powered virtual flyover of the westside, from La Cienega to the sea, and from Mulholland to LAX, we spotted something interesting.  It was in a neighborhood that we both knew and liked, but hadn’t really considered previously.  It was an unspoiled example of an architectural style that at least one of us loves.  It checked almost all the boxes on our must list – bedrooms, bathrooms, parking, non-disgusting condition, sidewalks, largely single-level, kid-safe yard, caffeine proximity, and so on.

The following day, I gave it a drive by, fully expecting it NOT to live up to the online photos.  The door happened to be open, and a realtor waited inside.  (more…)

Shadowbuyer’s Residential Clock Is Ticking

February 9, 2010

Hello, Shadowbuyer fans.   The pace is quickening.  Since my last real post, we’ve made some progress on multiple fronts, but still have no transactions to report.

My residential clock is ticking.

As you may have read in the comments to my prior post, after the holidays we launched a 5-point attack on some long-listed homes in our target areas.  Some of those offers yielded no response, others earned us counters.  We countered on some of them, but didn’t hit the bid or close the deal in any of the situations.

So, it was back to the drawing board.

Now, I may not have mentioned this to the group, but if you saw her in person, there would be no question in your mind, so I’ll tell you – Mrs. Shadowbuyer is pregnant.  Like, very pregnant.  That means that we have a special kind of time pressure at hand.

Let’s call it the “residential clock,” a play on the biological clock.  The logic on the biological clock goes like this (single ladies out there, am I right?):  if I don’t meet THE guy by age 36, date him for a year, get engaged, then plan and have a wedding within a year of getting engaged, and get pregnant ON THE HONEYMOON, then I’m at risk of being 40 and childless, so I have to make this happen RIGHT NOW!

The residential clock works like this:  our baby is due on June 1 (he’s not, but let’s (more…)

New plan to turn this market on its head

December 14, 2009

At Shadowbuyer HQ, we have hatched a new plan that has the potential to turn the stuck-in-the-mud, mid-high-end Santa Monica/Brentwood market on its head.  This will be the last you hear of it until after the first stage of the plan has been executed.  Wish us luck.

Whatchoo Talkin’ ’bout, A. Quincy Jones?

November 12, 2009
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"It took Diff'rent strokes to buy this house, yes it did."

Regular readers will note that I’d prefer to live walking distance to stuff, in a kid-friendly area with sidewalks.  But all that might  be out the window, if Mr. Drummond‘s house falls into the mid $2s.

This is one A. Quincy Jones one-story sprawler that looks well worth the drive into the clouds (with oxygen tanks) that it might require of its inhabitants.

Curbed has the whole story, and Redfin has all the details.

Cheers, Arthur Frobisher

October 9, 2009

loch nessie082Only in L.A. and New York do you run into this particular home buying problem.

You hear about an interesting home for sale.  You stack your chips, check your gut, and fling in an offer.  Then, you hear that the too-good-to-be-true price level was just that.  Some other bidder has elevated the price war out of your comfort zone.  So, you walk away, slightly relieved, and tell yourself that, “it wasn’t meant to be,” and “we’ll get ’em next time.”

Then, further details emerge.  It’s not just that this other buyer outbid you by $100K.  Rather, this other buyer parachuted in to the bidding, and like dynamite on a burning oil well, threw down slightly more than $3 million in CASH, with no contingencies.

Well, it’s no wonder that he won the bidding war.  The guy who goes nuclear generally wins the war.

Helping to put the situation in perspective, I learned a few days after this happened that the winning bidder was none other than Ted Danson, who played Sam Malone in Cheers, and more recently has won acclaim as the evil Arthur Frobisher on FX’s excellent DAMAGES.

What can I say?  I love his work AND his house.  My search continues.

Do me a favor and be sure to read the first post on this site.  If you think I might want to buy your home, or your friend’s home, whether or not it is currently listed for sale, please shoot me an e-mail and let me know.