i suspect that we're gonna be seeing a lot more of this from the california fires scene;
It turns out that one person's fiery rubble and personal tragedy is another's treasure...
That seems to be the case now that one home destroyed in the Pacific Palisades fire has received more than 60 offers.
The home has been reduced to rubble except for two chimneys and a few brick columns and hit the market for $999,000 just 10 days after last month’s blaze, according to Bloomberg.
Now, after receiving over 60 offers, it's now in escrow for well over $1 million, the listing agent said.
Richard Schulman, the listing agent, commented: “I can just tell you, generally, that people selling are going to take a huge financial hit.”
Bloomberg writes that the sale highlights tough choices for fire victims. Seller Terri Bromberg is accepting far less than her home’s pre-fire value instead of waiting to rebuild after 20 years of ownership............more........
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