How’s business? This seems to be a very common question to answer these days. My business has been surprising! In the past three weeks, I have had the chance to help two separate clients submit an offer on two homes in the Trivalley. One was a two bedroom townhome in Pleasanton and the other a newer townhome in Dublin in the Cottages. What happened with these offers may surprise you.The two bedroom Pleasanton townhome was in good condition with not much work to be done. It was priced competitive for the market and could fit most first time home-buyers budgets’. My client was looking to purchase the townhome as an investment property and with a 20% downpayment the rents would nearly cover the carrying costs. So we visited the home on the first day it hit the market (Monday) and got together Tuesday morning to submit the offer. After we wrote the offer (very close to asking price), I called the agent to let him know to expect an offer from my client on the Pleasanton townhome. He informed me that there were a total of five offers on the property and according to the agent, the home will sell for over asking price. (But wait, I thought it was a buyer’s market!?) Continue Reading
