Last month, February 2022, the most expensive home sold in Pasadena was 650 Landor Lane. This home was sold before listing in the MLS (multiple listing service) for $6,000,000.
Why would someone sell their home without fully exposing it to the market through the MLS? In some instances, this can be a brilliant strategy. The buyer, knowing they have a special opportunity, will often pay top dollar because they don’t want to compete with other buyers. In this competitive Pasadena real estate market, it’s difficult to say what a home will sell for. It typically depends on the motivation and desperation of the buyer.
MLS Remarks for 650 Landor Lane, Pasadena read: SOLD BEFORE PROCESSING – Entered for comp purposes only—Mediterranean in the heart of the Huntington Library neighborhood designed by renowned architect Everett Phipps Babcock.
Well that was short and sweet. As long as the buyer meets or exceeds the selling price what a great way to fly through the stress of selling a home