Great location in Redwood City, close to Mt Carmel. Listed at $728,000, this is simply excellent value for a 3 bedroom 1.5 bath home with 1500sqft living and a flat 5250sqft lot. Will not last. Listed by Laura Bertolacci, Remax.
From Yahoo News. Click Here to Watch
Located in the heart of White Oaks, this home shows extremely well and has an excellent floor plan. Priced at $1,319,000 with four bedrooms, two baths and 2000 sqft of living area - This home will not last long. Jump on it! Listing agent is Tom Neel of Coldwell Banker-Burlingame. Click Here for More Info
Good, informative video for both buyers and sellers from MSNBC. Worth a look. Click Here to Watch
We’ve had two agents comment that we’re not offering enough or “the standard” commission on one of our listings. We’re offering 2% or $57,900 to the buyer’s agent. Someone tell us why that is not enough. Any and all comments would be appreciated. Please let us know your thoughts. Thank you.
You probably read yesterday’s article in the Chronicle, Slowest Bay Area home sales in 20 years reported in May. The Mid-Peninsula tells a different story - since May 1st, 69 homes have Sold in 10 Days or Less. Buyers are out in full force and competitive pricing relative to the competition will get it sold. Click on the city to view the homes.
Great Street/Neighborhood, 4 bedrooms and 2.5 baths, 2440sqft living area, pool - $1,060,000. Motivated Seller, New Carpets. What’s wrong with this picture? Jump on It! Listed by Mark Siri with Coldwell Banker-Woodside.
This is the classic way to entice a multiple offer situation and get top dollar for popular homes. If you want to play the game, here are a few strategies to consider.
1) You really want to win the game. From this position price is usually the deciding factor. First check with the listing agent to see how many disclosures have gone out. Next, find out how many offers are confirmed to be presented along with yours on the offer date and how many are circling but not fully committed. Use the number of disclosure packets that have gone out as a verification for what the listing agent is telling you. From here we can use a general math rule of thumb. I recommend that you add to the asking price 2% for each offer confirmed and 1% for each offer circling but not yet confirmed. For example, if the property is asking $1,000,000 and we have 2 offers confirmed and 1 circling, then add 5% to the asking as your purchase price. In this case, $1,050,000 is our offer’s purchase price. In addition to purchase price, make sure your terms are strong and uncomplicated and that all disclosures have been reviewed and signed prior to presenting the offer. Uncomplicated terms include: a short but doable contingency period for financing and inspections, no other contingencies like the sale of your current home, a quick close that works for the seller (30 days is typical), liquidated damages signed, as-is addendum signed. Strong terms include: a deposit of 3% due upon acceptance, include a copy of your deposit check, a large downpayment of 20% or more is ideal, a pre-approval letter and verified commitment from your lender that you can close in the time period specified. This strategy should get you in the game and possible have you as the winner once all offers have been considered.
2) You want to make an offer but not break the bank. With this strategy make sure price is competitive, refer to the strategy above and then find the middle ground from asking to top dollar offer. Again terms are still important, keep them uncomplicated and strong as possible as described above in our first scenario. Sometimes you may not be the top dollar offer but your terms are more compelling that the other offers. In this case, you’re most likely to be countered on price. Try to stay within your bounds and stick with your game plan. You just might be the winner without breaking the bank.
Lastly, have your agent bring an extra page one from the purchase contract that is blank, no price filled in, just signed. This is for just in case your agent finds out at the last minute that not as many offers as predicted came to the table. Your agent can change the price prior to submitting the offer and this could prove to be a brilliant move.
Looking for a great home in Mt Carmel? Look no further. Attractively priced at $1,198,500 this 3 bedroom, 2 bath boasts 1850sqft of completely remodeled living space. Huge detached office/rec room.
Portola Valley, nice lot, remodeled house. Hard to find the combination large house and lot, plus a totally remodeled property. Listed by Celeste Henzel of Coldwell Banker.
