Well, the unbelievable happened. A lender had an appraisal done a few weeks ago on a property that my client was buying, and the appraisal came in higher than the sales price. It does happen! If you have an appraiser who is familiar with the area, you have a much better change of getting an accurate appraisal. And my client got some additional built-in equity.
I will be holding an open house this Sunday, February 13th from 2 -5 pm at 951 9th Street in Hermosa Beach. It’s a fantastic property in a great neighborhood on the corner of 9th and Ocean. Opportunities like this don’t come along very often on this street. This house sits up on the corner with amazing views, a versatile rooftop deck, four bedrooms, four bathrooms, a remodeled kitchen, balconies, patios, and storage galore!