Saturday, April 4, 2009

More Tales From the Trenches


Our Cupertino De Anza office of Coldwell Banker reports that we are hearing buyers say that it’s a good time to buy, rather than that they should wait and see how low things will go. Cupertino Stevens Creek concurs, noting that listings have decreased but sale pendings have increased. Los Gatos is also on board with the good news bug noting, “The market is hot right now. Lots of multiple offers and we are even having the low range of high-end moving." A good story of multiple offers on one traditional sale in Almaden: The first buyer tried to "low ball" it after two weeks on the market, and then walked away from it. A week later, the buyer came back with a slightly higher price that the seller countered and then another offer came in for close to asking price. The second offer got the house. The first buyer waited too long and is now sorry they missed it.

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