October 28, 2024
When our clients fell in love with a house in Corte Madera, we understood the appeal. But with no inspection reports, almost zero disclosures, and a condition that was… let’s just say “lacking,” it was clear we were either staring down a huge opportunity or opening a can of worms.
The house was listed at $1.6 million. Other buyers had been deterred by the scant information provided by the seller, but we knew how to navigate the situation. After putting on our best negotiator hats, we secured a contract at $1,175,000—a whopping $425,000 less than the seller's initial asking price.
Also in the agreement was a seller credit covering the buyer's agent fee, and a mission-critical 15-day inspection contingency period that provided our clients with 2 leisurely weeks to take a fine tooth comb to the place. The aim: to make sure they were going to end up with a cosmetic fixer, not a tear-down.
After the inspections identified some deferred maintenance—minor issues, but enough to negotiate—we negotiated the price down again - to $1,150,000. The shiny red cherry on top? An additional $25,000 seller credit towards closing costs.
Fast forward to today: Redfin estimates the home is already worth $203K more than when it was purchased in September 2024. Not a bad deal, right? Safe to say, our clients couldn’t be happier with their win-win situation!
Stay up to date on the latest real estate trends.
December 17, 2024
In the last two weeks, there have been 15 home sales in the Sunset District. Closed listings range in price from $1,195,000 to $2,106,000. The closed listings had a me… Read more
December 17, 2024
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December 17, 2024
In the last two weeks, there have been 2 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $1,180,000 to $1,200,000. The c… Read more
December 13, 2024
In the last two weeks, there has been 9 home sales in San Francisco's Portola and Excelsior neighborhood. The closed listings range in price from $900,000 to $1,825,00… Read more
December 3, 2024
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December 3, 2024
In the last two weeks, 9 homes sold in San Francisco's Noe Valley neighborhood. The closed listings range in price from $1,100,000 to $2,610,000. The listings have a m… Read more
December 3, 2024
In the last two weeks, there have been 13 home sales in the Sunset District. Closed listings range in price from $900,000 to $2,113,000. The closed listings had a medi… Read more
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In the last two weeks, there has been 7 home sales in San Francisco's Portola and Excelsior neighborhood. The closed listings range in price from $701,000 to $1,525,00… Read more
November 19, 2024
In the last two weeks, there have been 9 home sales in San Francisco's Bernal Heights neighborhood. Closed listings range in price from $725,000 to $2,350,000. The clo… Read more
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