For this home I recently sold in Fremont for $950,000, I was the agent for the buyer, who was referred to me by another client who also bought a home with me. For this particular home, it seemed timing was everything. The home was showing on MLS as active, and then just disappeared when we were going to set an appointment to view it. I found that the listing agent had taken the home off of the market, called him, and he stated that the seller was still willing to sell the home, but had taken it off the market and was planning to put it back on in a few months. Being that the home was not even on the market anymore, it gave the buyers an advantage in that likely no other buyers would be coming out of the woodwork since it was not showing that it was for sale, so there was very little chance we would run across any kind of competition.
We were able to get the home for well UNDER the listed price, it was a very good price for a 4 bedrooms and 4 full bathrooms home. It was a unique home, in that very few homes in that size range and price range have 4 full bathrooms. It’s almost like finding a unicorn. There weren’t really even any comparables in the area that had that many bathrooms.
The main challenge for this transaction was that the county records were incorrect for the number of bathrooms. They had made a mistake in their computer and it was not showing properly, even though, there were permits and plans and everything was done legit. We did get the county records updated and corrected during the transaction, but I wasn’t so sure it could be updated in time, since the city/county can be a very slow process.
Also, the seller had put up an extra wall with a permit in the past to make for another room, but when she went to sell the home, she took out that same wall with no permit to open up the space again and make for a beter floor plan for selling. So, the buyer did request that since the seller had done all the other work with permits and such, that it would be good just to have everything in order and match the floor plan given and have a permit for the wall she then removed.
Again, knowing how slow the city/county can be, I was not so sure that could happen during our transacton process, but the seller was very on top of things and determined to make it happen and have everything in order by closing.
Most of this transaction was mainly dealing with corrections and finalizing drawings to match what the buyer was buying and that the permits and plans were all in order. I knew it could all be done, but the main stress of the sale was making sure all of this could be done by closing day, sometimes these types of changes can take months. And, amazingly, it all got done in time and we had a successful closing.
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