I sold this Glendale home in 2008 for $615,000, I was the listing agent, which means I represented the seller.

My MLS Marketing Remarks: Sited on a quiet street in highly desirable North West Glendale, this residence boasts the opportunity for possible future expansion. This charming traditional home offers a Spanish flair evidenced by the tiled roof and a welcoming front porch with Saltillo tile. Attention to detail is most particularly noted in the granite kitchen; the cabinets boast four custom grape vine stained glass panels. Additional features include: gleaming hardwood floors, formal entry, formal dining, Living rm. w/fireplace & French door opening to the covered porch w/outdoor fireplace, Lushly landscaped backyard with fountain, patio & soothing spa, Oversized finished garage with workbench and tons of storage, 2 Updated baths, Recessed lighting in remodeled kitchen & laundry room and Custom stained glass accents throughout. Forget Whole Foods! This beautifully landscaped yard offers: Lemon, fig, pomegranate and peach trees; red & green grape vine & Rosemary Bush.

Fast Forward to January 2009, when this listing expired. They were hoping to sell for $629,000

Their agent’s MLS Marketing Remarks: Charming Spanish in NW Glendale. Move-in condition with recent upgrades inside and out. Hard-wood floors throughout. Upgraded kitchen and bathrooms. Newly installed energy efficient tank-less water heater. Custom made stained glass cabinets in the kitchen nicely compliment the stainless steel appliances including a wine cooler and an extended pantry area. Central Air and heat. Indoor and outdoor fire places. Lovely and private back-yard. Automated sprinkler system and much more. Great schools and a short distance to Brand Park. Great street in a great neighborhood. Not to be missed.

Fast Forward to June of this year when this home sold as a short sale, with only 20 days on the market. The home was listed for $459,000, and sold for $390,000.

The new agent’s MLS Marketing Remarks: Great opportunity to own this Glendale starter home. This home offers 2 bedrooms & 1.25 bath. The detached garage has been converted to a work room. Cute back yard!!!

Private agent remarks: This is a short-sale, please don't call for availability, we have an offer and are accepting back-ups. Drive-by only subject to inspection once offer approved by lender. All terms and conditions subject to lender approval.

These are the photos of the home when I sold it.  The bathroom count is 1 3/4, not 1 1/4, and this is not a $390,000 home.






So why did this Glendale home sell for only $390,000? How did the lender approve the short sale at this value?

According the MLS this home sold and closed escrow within 20 days from the list date.  How did they get the short sale approved so quickly?

The typical commission on a short sale to the buyer’s agent is between 2.5% - 3%.  Why did this listing agent only offer 2%?  Was he trying to discourage other bidders?

As a member of the Multiple Listing Service, I am required to report selling information.   The selling agent information is also sketchy, just a first name, no last name, supposedly works for  E.E. Inc whom I have never heard of.  Hmmmm