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March 15, 2011

Some Sellers Eventually Do Get Serious and Sell


Not every home that goes on the market is owned by sellers who are ready to part with their property. But eventually, certain factors may fall into place, and sellers hit upon that moment when they successfully work with an offer and accept it. Case in point last week was the sale at 2416 Gough (at Vallejo) in Pacific Heights.

The 6BR/3.5BA, 3500-square foot single-family home was listed in August 2010 for $2,775,000. (The property was last sold in July 2008 for $3,025,000.) After a series of price reductions, the list price ended up at $2,125,000, when it finally went into contract. The sale closed last week for $2,075,000.

But the sellers obviously had to move on, and the market dictated the price of this home. So buyers, if you see a property you like and it ends up sitting on the market, give it a shot and write an offer. If the first offer doesn’t succeed, circle back and try again if you think it’s worth it. That seller may finally be ready to sell.

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