This fixer has 13 offers, 8 of which are all cash!
By Pacita Dimacali, Alameda/Contra Costa Counties CA
(Alain Pinel)
FIXER IN DESIRABLE EAST END OF ALAMEDA CA My friend and co-worker just left for a holiday in London, and she asked me to look after her short sale listing. This is a fixer in Alameda, in a very desirable part of town called Fernside. It has good "bones" but has not been remodeled or upgraded in decades. It was refinanced a few years ago, but like some homeowners who later got in trouble, the funds from that refinancing didn't go towards maintaining this house. Hence, it's a fixer --- and a short sale. It was priced at $300,000. Two contractor bids to repair/renovate the property so it becomes habitable came to approximately $250K. What does it need? Everything! But it does have large formal rooms, hardwood floors, built-ins, and it's in a great east end location on a corner lot. If t...
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