The minute I saw this address I knew that it would have a big ocean view because I sold one in here before. It turns out, I sold this very home in 2001 for $257,000 when it was all-original (I rep’d the seller then). It has since sold for $461,000 in 2005, $429,000 in 2014, $613,000 in 2018, and $979,000 on Thursday.
My buyer is out-of-state and made the offer based on this video – and then came for the home inspection:
This looks like a miracle in the post-frenzy era, so how do you use it for a logical comp? This is a cautionary tale for the buyers looking at the house for sale up the street. It will be likely that someone will see my high sale closed and just go grab the other one without much thought as to the actual value.
And this was Buyer #2, after the cash buyer blew out after two days.
I mis-spoke about the original list price. It was $1,600,000
This is the type of premium offering that has enough going for it that they should get their money. The non-pool buyers probably won’t like it at any price, but those who want turnkey with big view on a culdesac will find it hard to pass up – here’s a minute of it:
Jessie says we are in the top 3% of local realtors, which means she is counting 16,000+ agents in the county. She doesn’t include out-of-area or off-market sales, and because we made it into the Compass Top 50, we’re hoping it might mean we’re a little higher. Stay tuned.
In the discussion today, it quickly became obvious how important it is for agents to be able to discuss scenarios and solutions. These days, a buyer-agent will just email an offer to the listing agent, and hope it gets accepted or an easy counter-offer comes back. Any tougher than that and the buyer-agents just turn to their clients and say, ‘what do you think?’ and because no other solution is presented, everyone gives up.
The wicked seller’s market during the last 10-12 years has caused everybody to expect that buyers will just pay the sellers’ price – and if they don’t, then they are called names and declared not serious. Being able to craft these scenarios into sales is where this market will benefit greatly.
It may sound simple to expect agents to discuss offer terms, but don’t underestimate how limited that opportunity is. Not only do people who are used to texting and emailing all day find it a struggle to stitch together a sentence or two in person, they usually have little or no experience with actually discussing offers and how to find a win-win solution. It’s too easy to give up instead.
I cold called a storage facility in OK - older lady had 3 properties, full occupancy, and a great business.
She said "son I sold it all to some city slicker who paid me far more than its worth. I bought a condo in Santa Barbara and Im spending the rest of my days watching the… https://twitter.com/i/web/status/1637846196621553664