Back On Market During Frenzy

Written by Jim the Realtor

April 2, 2021

Our 4S Ranch escrow fell apart yesterday on a quirk in the loan underwriting process.  The buyer had a glitch in his visa record with the government, where it showed as pending, not approved. Boom – bank wouldn’t give him a mortgage.

It is usually hard to re-ignite the original urgency, but this is 2021!

Our original list price was $1,599,000 on March 1st.

I raised the list price to $1,770,000 to help give guidance to everyone in the marketplace (it was our agreed-upon sales price). Since we got started, these four listings have happened:

  • 16175 Deer Ridge 3,451sf closed for $1,775,000 on March 1st.
  • 15288 Cayenne Creek 3,877sf closed for $1,800,000 on March 30th.
  • 16342 Cayenne Creek 3,446sf listed for $1,825,000, now pending.
  • 9716 Wren Bluff 3,780sf listed for $1,835,000, now pending.

We are 3,780sf and we’re sticking with our $1,770,000 list price. On Easter weekend!

https://www.zillow.com/homedetails/10541-Galena-Canyon-Rd-San-Diego-CA-92127/96742404_zpid/

2 Comments

  1. Mitch

    Worked out well for everyone. Should go for 2m now. Paid in small bills on-site or buyer pulls out mining computers and spits out about 6 bitcoins to cover it. 30 minute escrow. Buyer will sweeten with a lifetime supply of Peeps. Prime Rib dinner for all courtesy of Jim and Donna.

  2. Ross

    Maybe I’ve read too much McMansion Hell but I couldn’t help noticing the pair of Roman columns adorning the entrance to what otherwise a Spanish adobe-ish style house. Oh and three different window styles, or maybe four? Can’t really see the windows behind the bushes; why put two large bushes right in front of your main windows? Seems like great burglar cover to me.

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Jim Klinge
Klinge Realty Group

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