Posted On: Monday, January 10, 2011 - 6:00am | Posted By: Eileen Bermingham
Topics: Buyers and Sellers | Neighborhood: Inner Richmond, San Francisco: Profile and Properties for Sale,
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.