For this home I just sold in Saratoga with Cupertino schools for $2,600,000, I was the agent for the buyers, a super sweet couple buying their first home and referred to me by another client. This couple had been looking for a home for quite some time, about 8 months or so. They saw MANY homes over the course of that time, and when they came across this home, it was ‘the one’. This was their very first offer in all those months and they got the home!
This home had already gone through 2 transactions that fell through and the first round had been multiple offers, I’m not sure about Round 2, if there were multiple offers that time or not. Anyway, we kind of lucked out for this home, in that after 2 failed transactions, it was not a ‘new’ listing anymore and the hype was fading. When I first inquired about the home for my clients, there was another offer on the table, but apparently it wasn’t the price the seller was looking for. So, my clients made an offer, but then another cash offer came into the picture, so my clients had to step up their game to compete with this cash offer and my clients got the home!
To compete with the cash offer, my clients went in with no contingencies at all, no loan, no appraisal, and no inspection contingency, although there were already inspections on the home that the seller provided. And, I was told by the seller’s agent that the personal letter that my clients wrote to the seller is what swayed the seller our way over taking the cash offer. The seller’s agent told us that the price was exactly the same for both offers, and the personal letter pushed the sellers to our side. I do have to say, their persoal letter was an amazing letter. I have said it many, many times, that personal, heartfelt letters to the seller really do work!
The transaction itself was as smooth as silk. The home even appraised HIGHER than my clients paid for it, so they were ecstatic. In fact, the sellers even met with the buyers and showed them around, exchanged information, the buyers gave the sellers flowers, the sellers gave the buyers wine, and it was like one of those fairy tale happily ever after endings.