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By Christophe Choo Posted Apr 03, 2023 Beverly Hills, Featured, Featured Listings, In The Press, Latest Updates, Market Activity, My listings, Real Estate Articles, Real Estate News, Sold Listings, What I'm Reading

As a real estate agent, there's nothing more rewarding than helping clients achieve their goals in the real estate market. Recently, we had the pleasure of listing and selling a stunning property for a past client in the highly sought-after gated community of Fremont Place in Hancock Park, Los Angeles.

One of the key challenges we faced was the impending implementation of the ULA Mansion Tax, a new tax set to be implemented in Los Angeles as of April 1, 2023. This tax would have added additional fees to the sale of high-value properties, so it was crucial that we closed the sale before it took effect.

To ensure a successful sale, we began by conducting a thorough market analysis and working closely with the sellers to determine the best price point for their property. We then launched a strategic marketing campaign, utilizing a variety of online and offline tactics to attract potential buyers.

Our hard work and dedication paid off when we were able to secure an all-cash offer with a 72-hour escrow period, which was a testament to the desirability of the property and the market conditions at the time. We worked closely with the buyer's agent to ensure a seamless escrow period, and we were able to close the sale before the ULA Mansion Tax went into effect.

This successful sale was a testament to the power of effective marketing, strong communication, and the ability to act quickly in a fast-paced market. The home was listed for $7.3 million, and we were thrilled to help our clients achieve their goals of selling their property quickly and efficiently while avoiding any additional fees.

If you're interested in buying or selling property in the Los Angeles area, we'd be happy to assist you in achieving your real estate goals. Contact us today for a consultation, and let's get started on making your real estate dreams a reality.

Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value

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