Continuing the Tale, "...the Sellers Accepted Your Offer"

One short week ago I wrote about the sweet words, "You're in contract...the sellers accepted your offer." Today I'll share the rest of the story, picking up from where we left off.

8 days ago (a Wednesday evening) - my buyers' offer was accepted; they had a 2-day property inspection contingency.

7 days ago (last Thursday) - buyers brought their 3% deposit check to the title company handling escrow.

6 days ago (last Friday) - property inspection was satisfactory, the newly discovered issue was acceptable; contingency was removed. Escrow officer worked on preparing documents.

3 days ago (Monday) - buyers signed all closing documents and wire transferred the balance of their funds due.

2 days ago (Tuesday) - sellers signed off; funds were received; all was in order.

Today (Thursday) - the sale will record at the County courthouse. My buyers will own their home.

Although they'll have a key, they won't be moving in soon. They gave the sellers a free rent-back until the end of June to accommodate the sellers' needs. They'll be using this period of time to decide what existing furniture will be right for this home, whittling down possessions, donating unneeded items, selling other things, arranging for temporary housing for the month or two they'll be between houses.

Since these clients had already sold their current home, we used their cash-buyer status to our advantage, and although their offer wasn't the highest in price, the terms and our thorough preparation made the difference.

Such is one tale of what it's like buying property today in the Silicon Valley.

 

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

Lottie Kendall, Realtor®

Today | Sotheby's International Realty

San Carlos, California, 94070

CA BRE#01215160; 650-465-4547

Lottie@LottieKendall.com;

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 16 commentsLottie Kendall • April 17 2014 08:04AM

Comments

Sounds a little like Las Vegas!  Congrats on the sale.  Looking forward to your smile when the home finally closes.  :)

Posted by Jimmy Chickey, Realtor, Nationally Recognized Author, Teacher (Keller Williams Realty Southwest, Partner in the Jamie Cox Group) over 3 years ago

It was a whirlwind of activity, Jimmy, that's for sure. That 'closing smile' will happen in just a couple of hours when I get the call that the sale recorded. Move-in day will be another great one. The joy continues!

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie, I love how you outlined this in timeline fashion - really shows how quickly the transaction process is! Congrats to you on another successful sale!

Posted by Suzanne De Vita, Online Associate Editor (RISMedia) over 3 years ago

Lottie~ we make it happen for buyers and sellers, and you prove it on a daily basis... Great job & awesome post!

Posted by Jon Kolsky, Licensed California Real Estate Broker (Kolsky Realty & Management) over 3 years ago

Lottie: A dream buyer with cash and an understanding that the seller needed time to move out, plus you, the professional who could get it done even though it was not the highest offer. Congratulations.

Posted by Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea over 3 years ago

Thanks, Suzanne! This one was a whirlwind, with everyone doing their part beautifully.

Jon, we do our very best for each and every client. Thanks for your kind words.

Hella, I was working with wise, committed buyers on this one. They are beyond happy, which makes me feel the same.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie - You've just shown potential clients how you add value to a purchase (organized this buyer, who was recently a seller) suggesting contract terms that were tailored to really appeal to this seller - cash, quick close, and time for the seller to move out and onto their next adventure.  Nicely done!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) over 3 years ago

Thanks, Laura. We always look for ways to position a client's offer to appeal to the buyer, right? This transaction was the best-happy buyer, happy seller, great teamwork from all.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Hi Lottie, Great Job! ... and that's how you do it!

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) over 3 years ago

Larry, thank you! Everyone is happy about this one (well, except for the other bidders, and their time will come.)

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie, good job on a quick and smooth transaction that was satisfactory to all parties!    That's the way to do it!

Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) over 3 years ago

Thanks, Silvia. It was quite the whirlwind here last week.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie, you did a great job for your buyers with an offer the so perfectly fit the sellers wants and needs that they just couldn't turn it down. Bravo.

Posted by Nancy Laswick, Your REALTOR® For The Valley Of The Sun (United Real Estate) over 3 years ago

Don't you just love it when things turn out like this, Nancy?

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie, cash buyers do give Sellers extra benefits, have one under contract now closing next week.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) over 3 years ago

Congratulations, Joan!

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

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