I wrote an offer with a client this week on 9 Williar, a remodeled, mid-century single-family home in Ingleside. Listed at the bargain-basement price of $499,950, I was very aware that the average actual selling price of a 2BR/1BA in the neighborhood was at least in the mid-$500,000s. When all was said & done, the seller received 13 offers, and the property is in escrow for above $580,000. It goes to show you that underpricing homes still pulls in the buyers.
Thursday, September 25, 2008
Field Report: 9 Williar
I wrote an offer with a client this week on 9 Williar, a remodeled, mid-century single-family home in Ingleside. Listed at the bargain-basement price of $499,950, I was very aware that the average actual selling price of a 2BR/1BA in the neighborhood was at least in the mid-$500,000s. When all was said & done, the seller received 13 offers, and the property is in escrow for above $580,000. It goes to show you that underpricing homes still pulls in the buyers.
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