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January 10, 2011

Richmond Buyers Bag Holiday Deal

The sale during Christmas week at 747 14th Avenue in the Richmond proves that it’s sometimes worth persisting in your house hunt through the holidays. Originally listed in June 2010 for $1,625,000, the 4BR/3.5BA home overlooking the Park Presidio greenery found no immediate buyers.

A couple of price reductions in September led to a $1,495,000 list price. But still no takers. However, by Thanksgiving, the house was in contract. And it sold on December 21st for $1,435,000—quite a hefty reduction from what the sellers were asking.

Not bad for a 3,000 square foot house in a desirable part of the Richmond. Keep it in mind if you see a home you really like that’s out of your price range (or that’s listed for more than you want to pay.)  The sellers may not be ready to take substantially less than asking right away, but there could be a time and place when some negotiating is acceptable. That’s when the term “good deal” comes into play.

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