Entry-level buyers reconsidering Palo Alto
Original post made on Oct 3, 2013
Read the full story here Web Link posted Monday, April 19, 2010, 12:09 PM
on Oct 3, 2013 at 2:25 pm
When we put our house up for sale in the spring of 2012, our agent priced it at 1.4 million and tried to market it as a perfect starter home. Most of the first-time buyers who looked at it ended up buying a condo in Mtn View or Sunnyvale. A [portion removed] family ended up buying our home with 50% down and stuffed six people into our former 3/2 on 5,000 sf!
on Oct 3, 2013 at 2:34 pm
TB-- how do you know they " stuffed" 6 people into your former home? [Portion removed.] How do you know where the people that looked at it actually ended up buying?
Are you going where I think you are going with this?
on Oct 3, 2013 at 7:51 pm
My real estate agent called and asked the representing agents of the people who looked at our house, considered it, and declined. She asked them why they did not make an offer on our home, since it had been priced to sell quickly--and they told her.
When we were in negotiation for the sale, the other party's real estate agent told us about the family that made the offer we accepted. She also informed our agent of the same facts. We thought the family were nuts at the time, but the agent told us this was luxurious compared to South Korean middle class living conditions.
Where did you think I was going with this??