We just closed escrow on this Webster Wiley Pinecrest Estates home and here’s how it went:
In May, I met the trustee whom a previous client had recommended to me. She was dealing with the recent passing of her mother and the subsequent sale of the family home. Our discussions revolved around strategies and her priorities. Did she lean towards a swift sale, or was she inclined to invest time and effort in enhancing the home’s appeal before putting it on the market? Her goal was to maximize the estate’s profit.
Our initial step involved arranging a home inspection. Following that, we engaged our preferred electrician, plumber, handyman, painter, and landscaper to address the concerns identified in the inspection report. After completing the desired repairs and improvements, we scheduled the inspector to reevaluate the Webster Wiley home, which led to an inspection report outlining only minor issues. We allocated around $30,000 to ready the home for sale. Through the Harb and Co. Concierge Program, we covered the upfront costs of these repairs, later receiving reimbursement from the seller’s proceeds. An advantage of this program is that an accountant can likely categorize these repairs as selling expenses. Consequently, they are itemized on the seller’s final net sheet, a simplified one-page document provided by escrow, eliminating the need for the seller to gather individual receipts.
Due to one of the beneficiaries residing in the home, we respected the trustee’s wish to limit showings to the Foothills’ broker’s open house and the weekend open houses. The home was listed at $1,850,000 and in less than one week ultimately sold for $2,100,000. There were five offers, all over the asking price. Benefitting from the pre-inspection, the buyer chose to waive their inspection and appraisal contingencies. Escrow hinged solely on a loan contingency, supported by a substantial $1,000,000 down payment. Additionally, the buyer generously allowed the occupant a five-day window to vacate the property post-closing.
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