I just closed a transaction for a beautiful 2000 built home in an upscale gated complex in Chino Hills near Soqual Canyon and Butterfield Ranch. It was a bank owned property owned by Wells Fargo. The market price is around $400K to $415K.
Bank initially listed for $369,000 then reduced it to $339,000 after it was on the market for 2 weeks. I submitted an offer for my buyer at $300,000. According to the listing agent, since Wells Fargo wants to close this year's book in December, they accepted my buyer's offer. We ended up close the transaction in 7 days.
Now my client and his family are ready to move into their new home for Christmas! It is a fulfilling feeling knowing that I helped a family purchased a great home at a deep discount. This makes a joyful Christmas for me!
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