You Are So Beautiful. Can I Buy Your House?
The CS Monitor reports that buyers are getting chummy with sellers to snag a house. "In some neighborhoods of Los Angeles where, in addition to offering as much as $75,000 over the asking price, buyers are sending flowery bios, pictures, and letters to sellers."
"'I just oohed and ahhed my way from room to room,' read one letter to Jane Centofante, who was selling her 2,000 square-foot home in Westwood, a tony L.A. suburb, for a cool $1.49 million. 'I gather from your [house] that you are warm and smart and bring incredibly beautiful detail to your world.'"
"'They've had to kiss a lot of frogs before they find their prince,' says Ms. Jacobson, a native New Yorker. 'But those other frogs will find their palaces, too. There are still plenty of opportunities.'"
Despite the overconfidence, sellers do appear to be nervous. "Unfortunately, Jane Centofante has yet to sell her home in Los Angeles. An inspector found traces of potentially toxic chemicals. Since the finding, she has lost four potential buyers."
"'I'm ready to sell. And I want to sell. But now I can't,' says Centofante, who hopes to have the creosote problem remedied before the market sours."