Grayburn
QUICK STATS
Location: Grayburn Road, Pasadena, California
Closing Method: Planned Close
Paint Point: Homeowner lived overseas and had limited correspondence with family. Received home as inheritance after estranged parent passed. Did not want to visit or see home but wanted the most amount for it.
ThirdShift Solution: Offer seller a longer-term solution to receive the highest possible offer for home while allowing ThirdShift to get plans approved with the city for further development on property.
Closing Timeline from Offer to COE: 167 Days
Pre‑Escrow Advance?: Yes —> $10,000
Post‑Close Rent‑Back?: No —> 0 days
SUMMARY
Mark inherited a home on Grayburn Road in Pasadena from an estranged parent. Living overseas and having no desire to revisit painful family memories, he wanted nothing to do with the property except to get top dollar for it. The challenge? Mark’s idea of the home’s value was far beyond what the market would bear at the time.
ThirdShift asked a single question: was he open to waiting a bit longer to close if it meant walking away with a significantly higher payout? With that simple shift in thinking, a plan was set in motion. With Mark’s written approval, ThirdShift went to work during escrow, preparing the property for a new vision. The home sat on a large lot with untapped potential, and with plans in motion and development on the table, ThirdShift understood the future value.
Mark ultimately received a final number that far exceeded what any buyer would have paid up front and never once had to visit the home. Meanwhile, ThirdShift minimized holding costs and positioned the property for long-term upside. The finished product generated significant attention, and the deal turned out to be a win across the board.
For Mark, it was a simple, profitable exit. For ThirdShift, another opportunity maximized.
