Multiple Offers in Cupertino CA 95014

Multiple Offers in Cupertino, CA 95014

Well-priced single family homes are in high demand up and down the Peninsula and in the Silicon Valley, with multiple offers the norm in many locations, in many price ranges. Cupertino is no exception, and buyers need to be ready to move quickly when they find their dream home.

Cupertino home

Last month my buyer went to an Open House the first day it was open; she went back a second time that same day and brought friends and family with her; she returned to the Sunday open house and I met her there. By then, she had made an emotional connection to the house, and everyone she brought in to see it agreed it is the perfect place for her.

That evening we downloaded and read all the disclosures and reports (pest, property, pool, roof, hydronic heating, etc) We met the next morning at 8:00 AM to write up an offer since she headed out of the country on a business trip at Noon.  Later that night I received an email from my client which said, in part, "Lottie, please help me make my dream come true."

Then the waiting began, since offers were to be submitted and reviewed two days later. I wrote a letter explaining who my client is and why she's the right fit for the house, and the house for her. The lender provided a pre-approval letter. I chose to present in person instead of taking the option of emailing the offer.

Four offers were received, and I felt it was a close call between two of us; I had no idea if her dream would flourish. Waiting in the lobby while others present; waiting while sellers discuss the offers with their agent; waiting to be called back in to be told the news -- not easy. Presenting in person, waiting on site, being properly prepared -- essential.

My buyer is now in contract; all contingencies have been removed; loan docs are expected at the title company today; buyer will be signing off on Friday. Escrow should close and the house be hers on May 13! Her dream is coming true. Shared here is a video snippet of the house; it's easy to see why is appeals to her.

 

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Pacific Union International

CA DRE#10215160; 650-465-4547

Lottie@LottieKendall.com

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 6 commentsLottie Kendall • May 04 2011 08:03PM

Comments

Lottie, great post, I just had this issue with one of my buyers who wanted to submit below asking price.  We knew the listing price was below market (it was an REO) and they already had an offer in, multiple offers went in on the property they liked and we didn't even get a counter...it was a very desirable property & i warned them this could happen.  If you love the property and you want to buy it, you have to go after it full speed

Posted by Brian Doubleday, Ladera Ranch, Foothill Ranch, Lake Forest, Mission Viejo (Brian Doubleday - IML RealEstate - Orange County, CA Broker) about 7 years ago

Hi lottie....what a nice tour of this lovely home.....and congratulations on another sale.....you're having a great year....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) about 7 years ago

Congrats to you and your lucky buyer, Lottie!  I'm glad to hear there are areas experiencing multiple offers, that's a good sign. 

Posted by Tish Lloyd, Broker - Wilmington NC and Surrounding Beaches (BlueCoast Realty Corporation) about 7 years ago

Lottie, That’s the way a true PROFESSIONAL gets the job done. Your client is so fortunate to have you representing them. Congratulations on a job very well done!

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) about 7 years ago

Great news Lottie. It never hurts to take the time to expand the normal offer and deliver it in person.

Posted by Doug Anderson, Bay Area Real Estate Views (Tucker Associates Real Estate Services) about 7 years ago

Congratulations to you and your buyer, Lottie.  She must be ecstatic to be able to now call this place home!

Posted by David Ames, San Francisco (Zephyr Real Estate, San Francisco) about 7 years ago

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