Wednesday, May 1, 2013

San Rafael Closing

Just closed on this house on Las Gallinas Avenue in San Rafael.   4/2.5 1952 sq. ft.

Made offer in January at asking of $620k.  Had thought it was a bit high at the time, but feedback was that bank were adamant on the list price and had rejected several offers that were less.   Due to lack of inventory, I went ahead and made the offer thinking that I would try to renegotiate upon approval.

As luck would have it, the approval process took over 3 months, the market has gone crazy, so my $620k is now a good deal!!

House needs updating - new kitchen, bathrooms, refinishing of hardwood floors, paint, some new carpet, fixtures and new garage door, then back on market for $795k


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