For this home I sold in San Jose for $1,449,000, I was the agent for the buyers. This is the 4th time I have worked with these clients over the years! The purchase of this home was contingent of the sale of their townhome, which didn’t exactly go as expected, but we got it done. Coordinating the purchase of this home with the sale of the townhome was a bit of a balancing act, but in the end, we were able to get the 2 lined up to make it happen.
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For this home I just sold in San Jose for $850,000, I was the agent for the sellers. This is my 3rd time working with these clients! When listing this home, the market was definitely starting to slow down and I could see and feel the change with all of my listings and open house activity, as well as my clients that are buyers looking for homes. So, the sellers seem to have sold at a time when the market was still decent in this area, but turning, and before it really slowed down in this general area.
Also, for this particular home, the main entrance door is on the side, rather than in front, so it’s not the typical front door entry, and it’s not as popular as the more traditional type of home plans. And, this particular pocket of the overall area is a bit more crowded than much of Blossom Valley that have wider streets and such, it’s a little different than the general norm for the area, so that was also a selling factor as well. So, with a turning market and buyers getting more particular about what they buy and where, it just wasn’t that sure thing scenario for getting a lot of activity. But, on the flip side it is a very cute home and floor plan, a great yard, and the price is right, so, things still went well.
We did get a full priced offer after the first open house weekend. And, the buyer closed in less than 30 days and bought in ‘as is’ condition. The transaction itself was very smooth and seamless, so that was great!
Sold for $850,000 in San Jose
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For this home I just sold in San Jose for $845,000, I was the agent for the seller, who bought this home back in 2012, at that time, I was also the listing agent! They bought this home with their own buyer’s agent back in 2012, and it was so exciting when they contacted me to tell me that they felt I did a really good job representing the home last time it was on the market, that they wanted me to be the listing agent again for their sale! It was so amazing that they remembered me as the listing agent from years ago and that I made such an impression on them to want to work with me. So, this is the 2nd time I have sold this home.
The market is a little more unpredictable than usual, but this home was HOT! In combination with the location, views, home itself, lot, and price point, I had a HUGE turnout for the open house weekend and many offers on this home. In fact, this home had the busiest open house weekend that I have had for some time since the market slow down. It was a special home that is just one of a kind, where buyers were just really attracted to it, plus the views are amazing, and at this price point, it was super popular.
The sellers picked an offer that was well over list price, ALL CASH, 7 day closing, ‘as is’ sale, and the buyer waived ALL contingencies. It was a VERY smooth escrow process and closing. And, the buyers were a super sweet family, so I was excited to see them get it.
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For this home I sold in San Jose for $1,575,000, I was the agent for the seller. This is my 4th transaction with this client, and was her buyer’s agent for this home! This is a gorgeous home and very lovingly cared for, although, there were a few factors for this home, that made it a bit on the challenging side. For one, the floor plan is not that open feel type, personally, I love this floor plan, but it does not have the open type plan in which a lot of buyers are looking for these days, and it would be a bit hard to open it up for this particular plan. Also, this home sits on a T lot, so there were a number of buyers that did not want a home on a T lot. And, there was also a couple of cracks in the foundation, although, not a big deal for this particular case, easily fixable, but sometimes buyers are just leary of foundation cracks and it can be a bit scary to buyers that maybe don’t fully understand the situation at hand for this particular case. Those things, coupled with the fact the market has slowed down, and not the frenzy of early 2018, were factors in the turnout in the number of buyers for this home.
We did get buyers that fell in love with this home, just like my clients had fallen in love, and we did get an offer about list price, and the buyers were willing to give the sellers a FREE rent back. So, the sellers did do quite well, they bought the home barely 2 years ago, and did pretty well in 2 years, especially given the fact that the market has slowed down.
The transaction itself was overall smooth, although we did enter a hiccup, but we got through it. We supplied the buyers with inspection reports and explained the cost for the foundation to be repaired. I had talked to various foundation contractors who quoted me rough prices for the fix, we gave that info to the buyer’s agent. So, we were all on the same page, or so we thought, going into the transaction in regard to the foundation repairs. But, it seems that when some types of buyers have a way to re-negotiate, they just take that opportunity to do so, even if it’s not kosher, and even if they had the info in initial negotiations. I find that it’s taking advantage of the situation, so NOT cool, but some buyers just do what they do. We managed to get through that hiccup and completed the transaction. We really did everything on our end to avoid this type of mishap, but sometimes you run into a buyer that just doesn’t care about what’s right.
Sold in San Jose for $1,575,000!
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For this home I sold in San Jose for $1,100,000, I was the agent for the buyers. This is my 2nd time working with this couple. They bought their first home with me about 10 years ago and now wanted to move up to a larger home. This home had been on the market for a bit, although, the seller had received offers, just not an offer that they felt was acceptable. At the time my clients made an offer, another buyer came out as well with an offer. So, there was a little anxiety in regard to the other offer being considered as well, but thankfully, the seller chose our offer.
The overall transaction was very smooth and seamless, my favorite kind…nice and boring…no frills or drama.
Just Sold in San Jose for $1,100,000!
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For this home I sold in San Jose for $1,150,000, I was the agent for the buyer, who was referred to me by someone who told me that they have been on this here database for 10 years and has read these stories I write over the years and thought I would be a good match for his colleague! How cool is that?! I guess telling these stories really does work…lol. 🙂
I have been working with the buyer since March and it’s been a real challenge to find the right home at the right price. So often, when he would find a home he liked and wanted to make an offer, the home would have a lot of competition and would be selling for a higher price than he was willing to pay. So, when we would find out that the home would be selling for a higher price than he would pay, we would just move on. And, there were a few cases in which we would get the disclosure package and there would be a lot of work that was unexpected, so again, we would move on.
As many know, the market has slowed down quite a bit since March, which was a good sign for the buyer, and we hoped that it would slow down enough to where the next time there was a home he wanted to buy, we would have the opportunity to lock it in at a price he was willing to pay. And, that day finally came…
For this home, the moon and stars were definitely in line to make this happen. Firstly, the listing agent was out of the area and did NOT list the home on the prodominate MLS that we use here in Santa Clara County. Both the buyer and I would look daily, he would look at consumer sites and found this home. I found it on MLS, but not the Santa Clara County MLS, so even at that moment, I knew there may be an opportunity here, in which the bulk of local agents would not even see this home come up for sale.
Secondly, this was a very unique situation in that the sellers were in a REAL hurry to sell the home because they were moving to So Cal and already have a job lined up that was starting. So, they needed to be down there ASAP. And, they listed the home on the Labor Day holiday weekend, and had an open house both Saturday and Sunday, but then wanted to review offers ASAP. So, that was lucky, in that the buyer was around over the holiday weekend, and it was only listed basically over the weekend and reviewing offers ASAP.
Thirdly, it was SUPER important that the sellers would be able to close that very month, in the month of September because they needed to move so quickly. So, they were looking for a closing of less than 30 days, preferably around 21 days.
There DID end up being competition, so we were not the only offer, there were only maybe 2 other offers. One other offer was at the same price as our offer, but that buyer was not able to close in the same month and I believe we had other stronger terms in our offer. So, we were able to tip the scale with terms in our favor to lock in the deal, even though price was the same.
The transaction itself was a bit of a whirlwind to close in 21 days. One key challenge that came up after we were in contract was that he needed his wife to sign a doc and she was out of the country at the time, and not coming back in the next 21 days. Luckily, the buyer already had plans to go visit even prior to our transaction. The dilemna was that the title company needs the doc to be signed by a US notary, which typically only happens at the US consulate. So, that was a bit stressful. He did find someone that could do it, but was charging $700 for that service. So, he actually ended up driving her over to the US border just to have a US notary, which cost less than $20. Inconvenient for sure, but it was a much less expensive option.
Another situation that came up was that the sellers did schedule a home, roof and termite inspection, but they were performed AFTER we got into contract. They were not able to get them done beforehand. A few things in the inspections came up that were a surprise, and we did ask for the seller to repair those items, since they were unknown to us before making an offer, and the seller was willing to make those repairs. So, that was great. The sellers fixed the roof, did a couple home inspection repairs, and did the Section 1 termite work, so all that we asked the seller to repair, they agreed to do so, which made the buyer happy. And, this type of renegotiation is exactly what I explain to my SELLER clients of why it’s so important to get inspections BEFORE buyers make their offer. Of course, in this case, as a BUYER agent, it was great, but when I work for a SELLER, it’s not so great.
And, the other notable item was that Citi Bank, the bank he was getting his loan was a bit frustrating for him. Apparently, they asked for docs multiple times, needed items in special formats that seemed unneccesary, one key person working on his file was out of the office the day before we were supposed to close and seemed to have no back up. And, it was really just the 11th hour rush to close on time due to various issues with the loan part of it and the lack of communication, most notably at the end when everyone was at a scramble, and all wondering what was going on when the gal was out of the office and didn’t seem to have anyone taking over for her. Also, he was working with Citi in Montana, so 3 hours ahead of us, and days were short when trying to work together because once 5pm would hit their time, we would start receiving the ‘out of office’ email replies.
I will say that the listing agent and sellers were so wonderful to work with, so accomodating, so great. It was more the loan part of the transaction that was a bit frustrating. But, the buyer was a real trooper, he got things done. I was super impressed how he could make things happen and get the docs over and the US notary in line. He was definitely on top of his game to keep the transaction moving and keep up with the pace to close on time. He told me he had almost given up trying to find a home to buy due to the prices and competition, so it’s so exciting that he did it! And, he was even able to lock in that home under the comparable home prices in the neighborhood. There was another home similar in the neighborhood that sold $130,000 HIGHER that closed while we were in contract, partly due to these factors, variables, and timing that just all worked out perfectly.
Sold for $1,150,000
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