Category Archives: Home for Sale

Just Sold in San Jose for $1,999,900…

For this home I sold in San Jose for $1,999,900 I was the agent for the buyers, who were referred to me by their brother, who I also sold a home to a few years ago. The home search was a journey. The market very hot and there were homes we competed for that had up to 45 offers! Insanity!

For this home, it’s located on a busy street, so the competition was much less fierce. The home itself is big and beautiful, really the only downside being on a very busy road. Even the competition for this home was fierce, we were neck and neck with another offer that was apparently the exact same offer, and apparently, the only difference was that we put in a 21 day closing, rather than a 30 day closing. I was told by the listing agent that was the only real difference between us and the competition and they chose our offer.

One thing I want to point out is the sales price, because this may be helpful for other buyers and sellers in the city of San Jose. San Jose has a luxury city transfer tax called Measure E. For homes sold over $2m, there is an addtional transfer tax added that the buyer and seller typically split 50/50. For $2m-$5m the additional tax is $7.50/1000. So, it’s not chump change. The balance of using sales price and this luxury tax calculation is only going to be a benefit when the sales price is very close to $2m for the numbers to be beneficial to sell under $2m, otherwise, it won’t even matter. So, there are some strategies that will work when the price is close to $2m to take advantage of maybe using some terms and such to avoid this luxury tax and still net out the same or better.

First and foremost, trying to close a transaction that needs a loan in 21 days is typically going to be a stressfest because frankly, even if the lender says it can be done, it’s very hard to get a deal closed with a loan in less than 30 days. Yes, it can be done, but it’s going to be a bumpy ride in most cases. And, this case was a roller coaster ride to the finish with the loan.

When you are buying a house, leave your money alone! It’s best not to move money around. Every single move to/from accounts needs to be tracked, explained, etc. And, that goes for within the US and also internationally, if you have money in banks and such outside of the US. Banks track every single penny and you have to explain every single transaction. And, for anyone that moves around money, that can turn into a logistical nightmare.

Also, a loan preapproval that is “underwriter preapproved” can be really essential in these strange times with banks being pretty picky in our current environment, where the ‘standards’ are not so ‘standard’. In this case, the underwriter decided not to use bonus income, which was quite a shocker, and can impact the loan amount.

The loan part of this transaction was quite stressful and it was just one thing after another with the underwriter overseeing this file, but at the end of the day, we got it done and now the buyers own this beautiful home!

Just Sold in San Jose for $1,999,900!

Just Sold in San Jose for $1,999,900!

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Just Sold in Fremont for $750,000…

For this townhome that I sold in Fremont for $750,000, I was the agent for the seller, who was referred to me by our family friend. This was an interesting time to be selling, to say the least. We initially started communication in November, when the market was slow, nothing happening, homes sitting on the market, interest rates shockingly high to buyers after such low rates, buyers that were looking wanting a bargain, etc.

The seller told me her target price and I was not convinced in the least that I could make that happen. So, I asked her if she could wait out the market, see how things go, and I would let her know when the market started to pick up and when I felt I could hit the price she wanted to get for her home. She was not in a hurry to sell.

And, that is what we did! I watched the market, waited to see what would happen after the first of the year. January picked up a bit, and then in February, the market was really starting to change and become more of a seller’s market. And, once I thought I could hit that price, we connected and got the home prepped for sale and on the market!

The timing was great! We received 4 offers after the open house weekend. We had a great offer with a buyer that WAIVED all contingencies and was super strong. And, we were able to acheive getting the price she wanted for the home! Yay!

The transaction itself with the buyer was great! It was super smooth. The main issue was the HOA. The HOA dragged their feet big time on multiple occasions and nickeled and dimed the seller. It was horrible. At the end of the transaction, I was mainly thankful to not have to deal with the HOA anymore.

One thing I do want to bring up about this sale that may help others in the same situation, is that this home had a fire in the past. And, one thing that did come up for the buyer was securing insurance. The buyer was able to get insurance and in the end, it was all good. But, that is something a buyer may want to work on quickly once in contract, if a buyer buys a home that had an insurance claim to get a jump start on it.

Just Sold for $750,000

Just Sold in Fremont for $750,000!

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Just Sold in San Jose for $1,200,000!

For this home I sold in San Jose for $1,200,000, I was the agent for the seller. I have sold a number of homes with this family and this sale was dear to me because it was a client that I worked with many years ago who passed away (the reason for the sale). The family members wanted me to be the realtor and even said my client who passed would have wanted me to be the realtor. So endearing and heartwarming! I just love this family! This home was owned almost 50 years by the original owners!

The timing for putting a home on the market was questionable at best, in that the interest rates went up and the market had drastically slowed down. And, it was at the cusp of not quite knowing exactly what buyers would be willing to pay in the market coupled with the higher interest rates. We priced the home where I felt the home would sell fast in this unpredictable market and we did quite well! It was important to the seller that the home sold quickly…so…no pressure at all…LOL.

Given the uncertainty of the market, we didn’t post an offer due date, only asked to get through the open house weekend for exposure purposes. It was pretty incredible in that we had a good open house weekend, with lots of positive feedback, but no offers. Then Tuesday came along, and lots of calls, emails, etc but no offers. Wednesday came along and out of nowhere we had 3 offers! Competition! And, the home sold for OVER the list price with the buyer waiving ALL contingencies. Go figure! Basically, if any of the 3 buyers would have made their offer on Monday or even Tuesday, they would have been able to get the home for a lower price, but….yay for the seller!

The transaction itself was very smooth and seamless. And, we were able to sell and get this done quickly for the seller.

Just Sold in San Jose for $1,200,000

Just Sold in San Jose for $1,200,000

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Just Sold in Fremont for $1,200,000

For this townhome I just sold in Fremont for $1,200,000, I was the agent for the buyers, who were referred to me by clients that bought a home with me in the past.

This is a crazy story. The buyers had been casually looking at open houses and we chatted on the phone as our initial introduction. I sent them some listings and they went to open houses that weekend.

There were 2 townhomes in the same community that came on the market at roughly the same time that they liked, but both homes back to a street that is fairly busy, both were the same overall floor plan.

Although the market was not as crazy as prior months, there were still homes getting multiple offers. Both of these townhomes had offer dates within a day of eachother. For the 1st home, they were still deciding and let that one go. But, after taking more time to consider the busy street, driving by in the evening, getting a sense of the street, they decided to go for the 2nd one.

There was 1 other offer they competed with and our offer was actually LOWER than the other offer, but the agent was also the seller, and we had a lot of communication and I kept in touch and she just felt more comfortable with our offer and presentation, so rather than countering us to match the other offer, they accepted our offer at the lower price! Also, the other place received 2 offers as well and went for WELL over the one we went for, so the buyers ended up getting this home for LESS than the other one and also LESS than the very recent comp that has just sold. And this was their very first offer on basically their very first weekend with me as their agent!

The craziest part is that I never even met these buyers before they went into contract! Due to the circumstances and timing, and the fact they went to the open house weekend, then was casually there to see the neighborhood in the evening and the seller happened to be home and let them in for a second look, and then offers were due shortly thereafter, we had only talked on the phone and communicated via text and email! So…I sold a home to clients I never even met in person!

Even after 27 years of being a realtor, I still to this day have 1st experiences and this was a first to sell a home to clients I didn’t even meet in person first.

The transaction itself was super smooth and easy with no hiccups.

Just Sold in Fremont for $1,200,000

Just Sold in Fremont for $1,200,000

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Just Sold in Santa Clara for $3,650,000!

For this home I just sold in Santa Clara for $3,650,000, I was the agent for the buyers, who were referred to me by their sister, who is a client that I have worked with 3 times in the past!

These buyers had been looking for about 6 months for ‘the one’. There were a few homes they almost made an offer, but this home ended up being the very first offer they made for a home.

The competition was FIERCE! There were a number of offers, but the top 3 offers, including our offer, were really determined to get this home and were battling it out.

I do have to say, the seller for this home was pushing the limit and the patience of the top 3 buyers. The seller actually wanted to keep trying for more money, even after all the offers were in, and the seller did NOT reach the price they hoped to reach.

The seller sent a counter to the top 3 offers, of which all 3 were not that far off from the price the seller wanted, I think it was more the principle of the matter of asking for a higher price than any of the offers even came in at.

And, frankly, the buyers almost bailed due to the seller’s approach to being so greedy and wanting more than any of the buyers even offered.

But, at the end of the day, they did love the home and the location, knew what it took to get this home, and for the delta between the price the seller wanted and their highest price offered, it wasn’t a huge difference and they decided to go for it and we got it!

The transaction itself was very smooth and seamless. The buyers are moving from Washington state, so mostly they were out of state during the transaction, except for the final walkthrough and closing to pick up the keys.

Just Sold in Santa Clara for $3,650,000!

Just Sold in Santa Clara for $3,650,000!

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Just Sold in Sunnyvale for $1,600,000…

For this home I just sold in Sunnyvale for $1,600,000, I was the agent for the seller, who was referred to me by an agent I know who lives out of the area. The seller interviewed me and a couple of other agents. In those interviews, at least one other agent pumped up the pricing pretty high, so it was a little tough for me to encourage the price I thought the home would sell for. It can be challenging when other agents do not know the market values and then I come along and have to nicely burst that bubble without actually losing the listing to another agent!

Since other agents had really pumped up the price, the seller was pretty set on those high prices, which is understandable. So, we did list higher than I thought was a good idea. But, it is a bit of a Catch 22 for me as an agent, in that if I don’t price it along those lines, and then the seller doesn’t get that pricing because they feel we priced too low, it looks bad on me. And, they feel we should have priced higher to get what they wanted, when in fact, it doesn’t work that way.

At some level, I have to price where they want to be and try my best to get that number, or higher, and then reconvene if things don’t go as the seller hopes they will. Most sellers go with my pricing, so this situation almost never comes up for me. But, because other agents were ‘off’, it just put me in a bit of a predicament this time.

We listed the home for the price range the seller hoped for and I did do my best to get that price, of course, but predictably on my end, we had no offers after the open house weekend, even in this crazy market.

The sellers were pretty surprised to see no offers after the open house weekend, asked me what we should do, I advised we go with the price I suggested, had another open house weekend, and woudn’t you know, I had an offer that was OVER the listed price I advised, and done deal! Sold! Frankly, the sale price wasn’t even that far off of what we listed in the first place, but it attracted the right buyers. It was a great offer, over the list price, waived all contingencies, and a super smooth transaction.

The reasoning behind my pricing is that the home is on a very busy street, plus the home is only 2 bedrooms. For sure, if the home was 3 bedrooms (and I did explain this to the sellers), then we would have gotten the pricing they wanted in the first place, but the buyer pool is MUCH lower for a 2 bedroom home than it is for a 3 bedroom home. There is just no comparison for buyers looking for at least 3 bedrooms, and FAR fewer buyers that are willing to buy a home that has only 2 bedrooms, especially at this price point. Plus, this home is unique. Bedrooms are downstairs and the main living area is upstairs. So, with all that in mind, that’s why price came in where it did. There is nothing I want to do more than to EXCEED price expectations of a seller client, but sometimes expectations are just too high…

Just sold in Sunnyvale for $1,600,000

Just sold in Sunnyvale for $1,600,000

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Just Sold in Fremont for $505,000…

For this condo I just sold in Fremont for $505,000, I was the agent for the sellers, who bought this condo with me as their buyer’s agent about 3.5 years ago! They were ready to make the move from a condo to a SFR.

The condo market during the pandemic has not been as predictable as the SFR market, condos are not as ‘hot’ as they used to be, even though the SFR market is crazy. Also, this condo is technically a 1 bedroom, but has a great room upstairs that can be used as another bedroom/office/den/etc. I really wanted to make sure with the marketing and advertisting that buyers didn’t miss that there was indeed a 2nd room and would consider this condo who may need that 2nd room, but see the 1 bedroom in the main specs and just pass it by.

So, I advertised it as 2 bedrooms, but disclosed right in the listing itself that it was actually 1 bedroom with a 2nd room, and let buyer’s decide if that 2nd room worked for them if they truly needed a 2nd bedroom, or that the 2nd room worked for their needs.

It was a hit and success to advertise as such because it brought out many buyers who would have not even given it a chance if they would have thought it was just 1 bedroom with no other usuable 2nd room to utilize as a bedroom/office/den/etc.

We received multiple offers and sold for OVER the listed price, which is very impressive for a ‘one’ bedroom condo in the pandemic market! The transaction itself was super smooth and seamless. The buyer waived ALL contingencies and had a huge down payment. I feel we received a higher price than if we would have advertised just the 1 bedroom and hoped for the best, that buyers would actually look a little deeper to click on the listing and notice the 2nd room on their own…I was pretty doubtful buyers would do that if they were looking for at least 2 rooms.

Sold in Fremont for $505,000!

Sold in Fremont for $505,000!

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Just Sold in Monte Sereno for $2,088,954…

For this home I sold in Monte Sereno for $2,088,954 I was the agent for the buyers. This was the 5th time we have worked together! Wow! Love it! This is a new community so the transaction was quite smooth and seamless. We were able to work in some things that the buyers wanted that were not part of the original upgrades, so that was nice to be able to get a few things the buyers wanted that weren’t part of the intial plan and the builder was willing to work with us. And, we were able to negotiate on price, which is unheard of these days and in this market.

I wasn’t expecting the call from my clients that they wanted to buy a home locally. I had recently sold their home in Fremont and they mentioned they may be going out of state. Their plans drastically changed, so to my pleasant surprise, they bought this home and are staying in the area. 🙂

Just sold in Monte Sereno for $2,088,954

Just sold in Monte Sereno for $2,088,954

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Just Sold in San Mateo for $1,320,000!

For this home I sold in San Mateo for $1,320,000, I was the agent for the buyers. This was our 2nd time working together. They wanted to buy a bigger home with a yard. The market for this area and price point is super hot, so competition is fierce. We got lucky on this home. The seller was pretty attached to her home and the personal letter from my buyers really made an impact. We also wrote a solid offer, of course. We did face fierce competition, but we got it! The transaction itself was super smooth and seamless. All went very well!

Just Sold in San Mateo for $1,320,000!

Just Sold in San Mateo for $1,320,000!

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Just Sold in San Jose for $1,610,000…

For this home I just sold in San Jose for $1,610,000, I was the agent for the seller. This was our 2nd transacton together, in that he also bought this home with me 10+ years ago!

This was such a crazy one! As many know, pretty much every home sells after the first weekend with mulitple offers and high levels of competition, which of course, we anticpated as well. It’s a great home, great neighborhood, great floor plan, desirable schools, great zip code, has a pool which is super popular these days, and just checks all the boxes, basically.

After the first weekend, I received a number of calls, interest, etc, but no offers! Agents saying they were writing, etc, etc, but then 1 by 1, they just bailed and/or went MIA. My only explanation was that maybe buyers felt the competition would be too fierce, and then there ended up being none at all after the weekend.

So, the next week comes along…mind you, this would have been a major shoe in for any buyer to NOT compete…and all of the sudden, I get 3 offers all at once! And, the competition ended up being super fierce between those 3 parties, all of which fighting to the death for this home. 2 buyers of which had seen the home the weekend before when we ended up with no offers! Any of which if they would have written an offer ANY sooner, could have bought this home for a LOWER price since there was no one competing. How crazy is that???

Of course, the seller was happy, in that we were both just blown away after the first weekend wondering where everyone went…but then we ended up with the level of competition we expected to get after the first weekend and also the price we hoped for, so thank God, it worked out so well.

It was such a hard decision for the seller because all 3 offers were so close in price and terms, and it was just so hard to choose, going back and forth, and then just getting that last highest and best offer in, and the seller just made the call. Luckily, it all worked out for the seller and the price he wanted to achieve.

The transaction itself was very smooth and seamless, the buyer waived ALL contingencies, loan, appraisal and inspections, and at that point, the buyers were very relieved to be the ‘chosen one’ after such fierce unexpected competition.

Just Sold in San Jose for $1,610,000

Just Sold in San Jose for $1,610,000

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