For this home I just sold in Capitola for $2,300,000 I was the agent for the buyers. This is my 4th time working with these clients over the course of many years!
Their dream has been to have a beach home and their dream just came true! They have been looking over time, but inventory is often so low, and beach homes tend to be in such high demand with a lot of competition. But, due to the softening of the market, this opportunity popped up and they jumped on it!
There was still competition on this home, in fact, there were 2 other offers. 1 of the other offers was not competitive, but the other offer seemed to want the home as much as my clients, so the competition was fierce.
Both my buyer and the other buyer had very similar price and terms. Both buyers were all cash buyers. Both were willing to close quickly. Both were willing to buy in ‘as is’ condition.
God was with me on this one, because this listing just coincidentally happened to be the home of a colleague in my office and the home has been in the family for many years and is cherished by their family. I have a great relationship with my colleague so they swayed our way. Both offers were basically the same, so without any emotion or pull involved, it was a coin toss. But, luckily for me, I know the owner’s family and was given the opportunity for my clients. Praise God!
The transaction itself was super smooth and seamless…that is usually how it goes with all cash buyers and no loan/bank or appraisal to deal with and be at the mercy of. 🙂
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