Worth Fixin’?

By definition, a fixer implies that the buyer will be sinking more money into the property. In a down economy, in a down market, that doesn’t seem like a highly attractive proposition- not in Glendale, where a ‘fixer’ will still run upwards of a half million dollars.

569 Woodbury RD has been on the market for roughly two months, despite needing “TLC in the kitchen and baths“, it otherwise appears to be a well maintained traditional that has yet to secure a buyer with $30K cut from its initial asking of $629,000.

An REO last on the market 15 years ago, 1505 E Glenoaks BLVD (pictured) is one of the larger (and pricier) fixers on the market at 1,850 SQ.FT. It is also on a comparatively large sized lot- by the looks of which needs major attention. The sellers are asking $649,900.

618 Pioneer DR is really more of a tear down than a fixer. Seller emphasizes the yard heavily through the listing photos and even pushes for a combined sale with its neighbor as an ‘income property‘. $475,000 still seems overpriced for a 6,000 SQ.FT lot next to the freeway- and that’s after the 12% drop in asking it has experienced since Oct.

The sellers of 653 W Doran ST, a 3bed/1.5bath 1924 traditional with no listing photos, beckons you to “BRING YOUR PAINT-BRUSH AND FUZZY BUYERS“. Kind of says it all, really.