For this home I just sold in San Jose for $2,260,000, I was the agent for the sellers. I sold this home to them as their buyer’s agent 23 years ago and now they are retired and moving out of the area. I’m always just so excited when clients come back to me after so many years. It’s just so incredibly awesome!
We had multiple offers and the home went for OVER asking price, the buyers waived ALL contingencies, and the buyers gave the sellers a FREE rent back for a couple of weeks. It was a very smooth transaction. The buyers and their agent were lovely to work with and the experience was great.
The sellers are buying a home and the timing was just perfect, both sales/transactions lined up so well and smoothly. The sellers are able to move out of this home and right into their next home.
After 29 years as a realtor, it’s crazy how I am still learning new things that just ‘come up’. For this transaction, I learned that it’s best for the seller to just let escrow pay off the mortgages/HELOCs and for the seller to not pay them off during the transaction. It’s not a huge deal if a seller does pay it off during the transaction. And, it did not affect our closing. But, apparently, per the title company, it’s just a bit of a challenge on their end for some logistical reasons. Moral of the story…when you sell your home and are in contract, just let the title company pay off the mortgages/HELOCS at closing. 🙂
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