For this home I just sold in Los Gatos for $2,200,000, I was the agent for the sellers, who were referred to me by a client I have worked with 2 times in the past, and a family member to the sellers. This home had been in the family for many years, I believe about 60 years, the sellers grew up in this home, so as you can imagine, it was a very emotional sale for everyone involved. The owner of the home passed and that was the reason for the sale. The sellers are siblings and such amazing people, they were such a pleasure to work with for the sale of their beloved home. It was so amazing how well they get along and worked together. They have such a great relationship, so heartwarming.
The market was slowly, but surely changing, so that was on our mind. We priced the home at what we all felt was a really good price for the home. The home is super unique, the location is amazing, walking distance to downtown Los Gatos, Daves elementary, Vasona Park. And, the lot is HUGE and so serene. The house itself is very unique, it’s not the type of home for all, but if it’s the type of home for you, there is instant love there. So, the big question of the day, since we knew location and lot size was superb, was more a matter of how many buyers would fall in love with this unique home.
We ended up with 3 offers for this home, all of which were below the listed price. I was a bit surprised the home did not reap at minimum list price, but at the same time, I realized the home itself, as amazing as it is, was really for the right buyers. And, it also needed TLC. The bones are great, but it has not been updated for decades, and these days, most buyers like a more modern look and remodeled homes and such.
The transaction itself was a little rocky. Once we were in contract, it seemed as if the buyers didn’t care about contractual dates, so I was constantly chasing down the buyer’s agent to keep things rolling and contingencies removed and such. And, response time from the buyer’s side was very slow, I often felt that I was being ghosted, unless there was something that the buyers wanted, and then all of the sudden things turned into now, now, now.
So, it got a bit draining to have the buyers go MIA and lag and have to continuously chase things down for the contractual obligations. And, then to appear out of nowhere and want something immediately. But, we managed to roll with the punches and get it done.
It was a bitter sweet moment to have the closing a success, but the end and closure of the ownership of the home for my clients, who had so many memories for so many years. When the home closed, I almost cried with the seller. It was a happy, but also emotional time.
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