https://www.redfin.com/CA/Irvine/11-Pollena-92602/home/5814724
My guestimate is that Pollena home would go 100k above asking. And if there is serious bidding war, upto 150k above asking.
Great call Cornflakes! Looks like that one closed for 100k over asking
And congrats USC!
Thanks Zovall. There's a bit more information how things played out. So the seller received 10 offers on the home by Saturday when we asked for a 24-hour reply for our offer. Of the 10 offers, there were 3 offers that the seller was seriously considering...$1.24m, $1.25m (my client's offer), and $1.265m. The listing agent told me that the seller selected to move forward with my client's offer at the inspection for the following reasons (along with telling me about the other 2 offers were we competing against)...
1) My clients wrote a very detailed, sincere letter to the sellers identifying several things (posters, accessory pieces, and pictures of the sellers traveling adventures) that they saw in the home that they shared in common.
2) I've done several transactions with the listing agent over the years and she told the sellers that she would be most comfortable working with me versus the other agents as their offers weren't as clear and concise as mine and never worked with either of them.
3) My buyer's lender was very proactive and contacted the listing agent stated that my clients were very strong and underbuying with a DTI in the 20%s and had the financial capacity to purchase a $2m home.
4) We were the only offer that lifted both loan and appraisal contingencies right off the bat (we removed all contingencies in 10 days) while the other 2 offers only removed the appraisal contingency.
The appraisal on the home came in $85k short at $1,165,000 but my buyers easily and happily bridged the gap by putting more than 20% down.