If you’ve made an offer on a Bay Area home in the past month, there’s a good chance that you’ve found yourself shoulder-to-shoulder with several other eager buyers. This increased competition has been a blessing to home sellers, who have capitalized on the rise in demand by raising prices. The latest figures reflect this trend: In May, the average home sold for 17% more than a year ago (the highest in over a year), and closed for $25,000 above the… read more →
As we hinted about in the previous installment of this series, our client at 440 Meadowlark owned a property that had a value of around $360,000 if it were sold in its present, as-is condition. As you saw from Part One of the “Shabby to Showplace” series, the house was suffering from deferred maintenance, it needed a new roof, and seemed to be the victim of shoddy workmanship from “upgrades” previous owners had made through the years. Our seller was… read more →
