A New Trend

Pompano

Not sure if you’ve spotted the latest trend in marketing homes lately, but in the last month or so I’ve seen listing agents with problematic houses (that have been taking a long time to sell) reduce their prices to comically silly levels in an attempt to get multiple offers. One in Burlingame that had been listed for $1,880,000 suddenly reduced to $999,000 and another one in Los Altos that went from $2,199,000 down to $799,000. Needless to say, they got multiples and the price went way over asking! We’ll see how much when they close.

Well, this phenomenon went to a really extreme level right here in Foster City yesterday when this house came on the market as a new listing at the incredible price of $112,000. I couldn’t believe it myself when I saw it…I thought it must be a typo and it should have been $1,112,000, so I called the listing agent, Anna Dupont with Re/Max Today and asked her what was up? 

Turns out the elderly seller has plenty of money, the house is pure ownership and she doesn’t really care about receiving market value for the house. She wants it to go to a young family who she can help get started much the way she did 40 years ago. $112,000 is the actual price for this place at 382 Pompano. Overall the place is in really good shape too. Both Anna and the seller aren’t interested in a bidding war or overbids…they’ll look at offers at anytime and the first family with a really good story gets the house.

Pretty amazing, huh! Who knows…this might be your lucky day!

 

April Fools!

Comments

  1. So sad that there’s no way this story could be true in today’s world.

  2. Michelle says:

    We are GREAT at a good story! Although we already love our house. Will you keep all of us posted as to how this one turns out?

  3. Jim Minkey says:

    April fools Michelle! I made this story up…

  4. Katherine Watt says:

    That’s terrible!

  5. OK my name and workplace will be anonymous. My work partner somehow came across this and shouted from his cubicle “Mike come here check this out!” He had this webpage up. Moments later he was out the door motoring to the address. Three minutes later he called me up and in his haste to get a great deal on a house forgot to get the address. So I went over to his computer and pulled this up. FortunatelY (being the trained observer that I am) noticed it said “April Fools at the bottom!

    Thanks for giving me some ammo for QUITE a bit of teasing!

  6. Jim Minkey says:

    Thanks Mike! It’s so nice to feel useful!

    For what it’s worth…there is no 382 Pompano, I made it up.

  7. I do hope you shared this with M&M. They would appreciate it! 🙂

  8. I recently moved here from upstate NY… All I can say is I wish I could have picked up my house there and sell it here!!

  9. Moe Arshad says:

    Wow Jim, You are BAD! I was trying to come up with the money to buy this hosue!!!
    Moe
    PS. Thank you for your Birthday wishes:)

Speak Your Mind

*