Real Estate Tips and Information by Karen List

Buying and Selling Homes in Santa Clara and Alameda County

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I Wish They Were All This Easy…

June 20th, 2017 · No Comments · 1031 Exchange, bay area, buying a home, condo/townhome, home for sale, home seller, homebuyer, investor, Market News, Market Update, real estate, real estate advice, san jose home, selling a home

For this townhome I just sold in San Jose for $535,000, I was the agent for both the buyers and the sellers! I typically am not a fan of dual agency, but for this case, it just made sense for both clients and worked out. The sellers found me on the internet, they had seen that I have sold other townhomes in this community. And, the buyers walked in to my open house and was not working with a buyer’s agent. The sellers have owned this townhome for many years as an investment property. And, the buyers were looking to buy this townhome also as an investment and rent it out. Both the sellers and buyers have bought and sold many homes in their day, so they are both very seasoned when it comes to buying and selling real estate, so really, this was just all business and very straight forward, which is really why I was willing to be a dual agent for this particular case.

Another reason I was ok with being a dual agent is because we didn’t have a ton of offers. I didn’t have multiple buyers asking me to be their agent, and I didn’t have a lot of offers being written by buyer agents, which would have made it an even harder decision to be a dual agent. If there were a lot of offers and/or mulitple buyers asking me to be their agent, it gets really awkward. There was one other offer, but that buyer had more contingencies, and the sellers actually netted out a little better with my buyers.

The transaction itself was super smooth and seamless. I was dealing with pros on both sides here. There was an assessment that was just going into affect right as we were selling, which was over $8,000. The buyers were willing to pay for the entire assessment as part of the deal at the price of $535,000. The buyers bought in ‘as is’ condition, we had a short closing, they waived contingencies, and it was just a super easy transaction. For the buyer’s side, this was a 1031 exchange that was also seamless. Both parties were great and everyone was happy. Yay!

Just Sold in San Jose for $535,000!

Just Sold in San Jose for $535,000!

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