4:15FOX 11 Good Day LA
My Home Sold on FOX 11: the SoCal market shift and how to sell fast
Why Southern California listings sit for 90 to 95 days, and what a seller can do besides waiting.
· 1:24
Bill Doddridge, CEO of The Jewelry Exchange, describes selling a rental house to My Home Sold after his tenants gave notice, a realtor friend told him it would not fetch much, and his own family passed on it. He assumed the offer was a scam, then had a written offer within an hour, escrow open the next day, and a close in seven days.
Corrected from the automatic caption track. Corrections are limited to transcription errors in names, the company domain, and phone numbers.
Interviewer: We are here at The Jewelry Exchange with Bill. We just bought his house. Bill, how's the experience?
Bill Doddridge: So I had renters running the house, and they gave me notice they were going to move out. And so I had a friend of mine who's a realtor go and check it out, and he didn't seem to think I could get much for it. And then I thought I'd try to flip it to my kids and whatnot, and they all rejected the house.
And then on the day that Tommy, my son-in-law, who flips houses for a living, rejected it, I got a text from these people saying we're interested in buying your house. I thought for sure it was a scam. So I just went, "Well, how about for this much?" And I gave him the price I offered it to Tommy for. And they go, "Well, we'll send someone down in 15 minutes." And then within an hour they had a written offer on my doorstep.
I thought for sure it was a scam, but then they opened escrow the next day and they closed in seven days. And the offer, I actually got more. They said they'd cover all the expenses and stuff. They offered, I think the deal was 900,000. I actually got a check for 902, more than they offered, at the very end of it. So I was really, really impressed. It was a really clean deal.
4:15FOX 11 Good Day LA
Why Southern California listings sit for 90 to 95 days, and what a seller can do besides waiting.
3:58CBS Morning Mix
What the NAR commission settlement changed, and why it costs buyers and sellers both.
0:41Seller story
Why the offer looked like a scam, and what happened after he replied.
Drop your address. We'll send a written offer within 24 hours, with no fee and no obligation.