For this townhome I just sold in San Jose for $685,000, I was the agent for the buyers. This is my 3rd time working with this adorable family. I had a similar experience in negotiations for this home as I did the last townhome I sold, in that there were other buyers lurking around, but we were not sure if we would face competition or not. So, we ended up writing 2 offers, depending on if the buyers would face competition, or be the only offer.
It ended up that there was one other offer, so we did go in with the higher offer. The other offer was actually slightly higher than our offer, but as always, I stayed up close and personal with the listing agent. The listing agent said that both offers were almost identical, but the other offer was slightly higher in price. She said that the sellers really liked my buyer’s letter, and if my buyers would up the offer a little, then that would probably sink the deal to our favor. So, my buyers raised the price $5,000, and that coupled with the great letter my buyers wrote, and a cute picture they sent with the offer, it made the deal.
The transaction itself was very smooth. All went very well. One minor hiccup with the loan documents being ready to sign closer to the closing date than expected, but we still closed on time, so it wasn’t a big deal.