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6
Posts
2
Votes
Mark Svendsen
2
Votes |
6
Posts

Should I accept an offer or relist?

Mark Svendsen
Posted

The trustee did a premature appraisal before staging and before new paint, new carpets, new furnature, and these are the results.

House is at Belmont, CA  180deg. View of SF Bay

2.40M (1st appraisal) 2.45M LIST (+400K) = 2.855M OFFER

2.65M (2nd appraisal) 2.70M LIST (+400K) = 3.15M OFFER ??

Seven offers, the second top offer of 2.855M was accepted by trustee (I have yet to accept) or relist for possibly higer (3.15M?) The house has been on the market two weeks and is sold with a earnest depost of 40%. The first appraisal was used to set the list price.

Thank you for your educated opinion.

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