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CV Listing Closed Escrow

Our Carmel Valley listing closed escrow yesterday!

It was the 3br/2.5 ba, 1,804sf home built in 1989 that we completed about $60,000 worth of upgrades in preparing for market (it had been a rental for years).  The before-and-after photos were featured here:

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The house looked great and it was vacant but this was when I did the blog post about spring break interrupting the market’s momentum. We decided to forge ahead, and I inputted the listing onto the MLS on the Thursday morning before spring break with immediate showings available that day – in hopes of catching any buyers that might be leaving for vacation the next day.

We had six showings on Thursday and Friday, and 100+ people came to open house over the weekend.

In January, I predicted that we would list for $1,750,000, and sell for $1,900,000.

On March 31st, we hit the MLS priced at $1,750,000, and closed for $1,875,000.

We received one offer.

Thankfully, the only offer included a $125,000 premium to incentivize the sellers to take the deal, instead of waiting for two in the bush. But we were already on Day 4 of open-market exposure, so I knew we were at peak market and our chances of selling for over list price would start dropping .

We contemplated whether we should counter-offer on price, or extend the two-week escrow period because we wanted the extra time for the sellers’ 1031 exchange. But given the fact that we only had one offer, the sellers signed it.

We had already completed a home inspection in advance, and thought we had fixed everything.  The buyers did their own home inspection – which we always recommend to our buyers as well, and here’s why.

Their inspector noted that the water-meter gauge was running, even with all faucets being off.  It’s the sign that a leak had developed, and the hot-water heater was operating the entire time too.  The sellers checked their history of utilities and found their costs spiked on March 31st.

We have a ‘slab leak’, and we knew it was the hot side!

Just the thought of a slab leak causes grave concern and panic for most people. But we’ve handled them before, and know that they can be fixed with money like any other home repair.

Donna’s vendors jumped on it, and we closed in 16 days, instead of fourteen.

Here’s the video:

All-Electric

Nearly 75% want electric appliances? I haven’t met anyone who would give up their gas stove.

There are many ways we can make a difference, like reducing our dependence on gas to power our homes. In fact, at least 48 cities in the country have outlawed natural gas in new home construction. If you’re looking for ways to upgrade your home in the new eco-friendly era, here’s where you can start.

The road to a cleaner, safer, healthier planet begins at your front door. Research shows that homeowners have a critical role to play in the race to a zero-carbon world. There are myriad ways we can make a difference, like reducing our dependence on gas to power our homes and putting more solar panels on rooftops. Here’s how to flip the switch on an all-electric house.

When it comes to cleaning up our energy habits—reducing our use of natural gas and electricity generated at coal-and-gas-powered plants—people in the West are ready to change their ways. Nearly three-quarters of Californians said that they would prefer efficient electric appliances powered by clean energy instead of fossil gas, according to a survey conducted by FM3, the California-based research organization, and released by Earthjustice, a nonprofit environmental law firm. And the state energy commission aims to put standards in place that would require newly constructed homes to be electric-ready. In June, on the hottest day in Oregon’s recorded history, lawmakers passed groundbreaking legislation requiring the state to convert to 100 percent clean, “responsible” energy by 2040. At press time, 48 cities in the country had outlawed natural gas in construction of new homes and commercial buildings, according to the Sierra Club’s tally.

Every piece of the technology puzzle that we need to make this dramatic shift in our power supply and our behavior at home already exists.

Click here to read full article

Fixer

Here it is, literally the worst house on the street! The Seller has done the hard work of cleaning up the almost half-acre property (it only took 7 dumpsters!), so now is your chance to take it from here.

Have you ever watched HGTV and thought, “I could do that!”? If so, pack up your tape measure and start Googling how to identify a load-bearing wall because it’s time to put your money where your mouth is!

The roof leaks, the floor creaks, and there’s a terrible draft, but this 3 bed, 1.5 bath home is very open concept. And by that we mean the inside is open to the outside because several of the windows are broken. There is a large, sunny window in the kitchen… and absolutely nothing else – a wonderful feature for someone interested in a bright reading space (and ordering take out for every meal).

Now I know you’ve heard of a detached garage, but have you ever heard of a detached foundation?! Because that’s what you’ll find here in the large bonus room at the right of the home. And if you’re looking for a house that screams “I’ve got bizarre and ominous energy!” then honey stop the car because you’ve found it right here conveniently located off of US-301 in North Zephyrhills.

If you need a place to stage your next post-apocalyptic zombie movie, this is it (the covered porch has really good “rest here on your way to the safe zone” vibes). And whether you like to turn up the heat or keep it cool, it won’t matter here because there is no HVAC system. Oh and don’t forget about the brick chimney that perfectly epitomizes how we all feel after 2020 – about to collapse and going nowhere (literally, there is no fireplace inside the house).

What else can be say about this one-of-a-kind opportunity? It’s not in a flood zone and will be conveyed with clear title! But we don’t have a survey and the Seller has never seen the property, so buyers are strongly encouraged to do their own due diligence. And if you’re not interested in crying yourself to sleep every night while you rehab this home, might we suggest tearing it down and building a brand new one in its place? The neighbors would likely thank you.

$69,000

https://www.zillow.com/homedetails/37913-Avoca-Ave-Zephyrhills-FL-33541/46436152_zpid/

Sprucing Up to Sell

Homeowners fixing up their homes to list this spring will have to decide where to put their time and money to get the most bang for their buck. Zillow has been there, and the practical tips and tricks their experts have learned after selling 10,000 homes could help you sell yours.

Zillow-owned homes, acquired through Zillow Offers in 25 markets nationwide, are carefully evaluated, repaired and cleaned before they hit the market. Zillow invests in the projects that make a home safe, clean and functional, and each time learns more about what appeals to buyers. By sharing these tips, Zillow hopes to help all sellers prioritize their home prep projects.

Pick the Perfect Paint Color

Painting is one project nearly all sellers take on before putting their home on the market. It is an affordable home improvement project that has a high return on investment. But when you’re thinking about resale, you’ll want to be strategic about the colors you select.

When Zillow needs to freshen up the walls before listing a home for sale, it uses Behr Premium Plus paint in either Aged BeigeCampfire Ash or Polar Bear. Neutral greige or taupe paint colors appeal to the widest group of buyers and don’t distract from a home’s best features.

Fix your Faucets and Fixtures

The two most common items Zillow repairs or replaces before listing a home for sale are faucets and light fixtures. A buyer may jump to the conclusion that a leaky faucet is a sign there may be water damage, while a broken fixture could inaccurately signal potential electrical problems. Either can suggest a home hasn’t been generally well-maintained.

These are both DIY-friendly fixes that could boost your home’s value. If you’d rather hire a professional, a Zillow and Thumbtack report finds you can expect to pay, on average, $205 to replace a faucet and $380 to replace a light fixture.

Clean the Carpet

A clean carpet is critical if you want your home to make a great first impression. Steam cleaning will often do the trick, but if your carpet is torn or has permanent stains, you’ll want to replace it.

Zillow uses Mohawk brand carpet in either Charger Classic or Scout Highgate. Selecting a high-performing, stain-resistant carpet in a neutral taupe color will appeal to the most buyers and add value to your home.

Sweat the Small Stuff

Zillow takes care of all the items that make life easier for the home’s next owner. These items include landscaping, servicing the HVAC system, and replacing all light bulbs and batteries in smoke and carbon monoxide detectors.

By taking care of these items before putting your home on the market, you can boost curb appeal and give a potential buyer confidence that your home has been well-maintained.

Say No to a Full Reno

Home improvement TV shows often suggest you need a gut renovation to get top dollar in resale. However, Zillow research finds big renovation projects hardly ever pay for themselves when it comes time to sell, with a few exceptions.

Zillow rarely completes any major upgrade to a home that would dramatically alter its footprint or its value. Instead, Zillow focuses on the projects that make a home clean, safe and functional for a buyer, repairing items instead of replacing them when possible.

“Buyers often want to put their own stamp on a home and have it reflect their taste,” says Lindsey DellaSala, a broker with the DJ and Lindsey Team in Jacksonville, FL. “Let’s say you decide to upgrade your backsplash before selling. The trendy statement tile you love may not be what a buyer is looking for, and that could hurt, rather than help, your chances for a speedy sale.”

“When a buyer walks into a Zillow-owned home, they know it is move-in ready and they can add their personal touches over time,” says Claire Caldwell, Senior Director of Renovations at Zillow. “By creating that same kind of blank canvas in a safe and clean home, you can help buyers better envision their lives there.”

Embrace Tech

Online curb appeal is more important than ever, as most home shopping has gone virtual. Zillow-owned homes are listed for sale with professional photography, a floor plan with dimensions and a virtual 3D Home tour that gives shoppers an immersive experience of a home from the safety and comfort of their own living room.

Sellers can harness the power of tech to showcase their home’s best features by using the free 3D Home app to create a virtual tour, and explore other digital tools such as virtual staging.

(JtR: Big difference between ‘high-tech’ and robotic, which is the sales method they are pushing)

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