• Skip to primary sidebar
  • Skip to content

Silicon Valley Real Estate And Homes

silicon-valley-real-estate-and-homes.com

Settlement Contingency Protects You But Makes Your Purchase Offer More Acceptable

Many homeowners are held back from purchasing a new home because they want or need to sell their current home. Many potential buyers have heard about home sale contingencies, but fewer have heard the phrase “Settlement Contingency”. By putting yourself in the shoes of a home seller, you know most sellers are less likely to accept your purchase offer if you have a contingency that lets you first try to sell your existing home. A settlement contingency can give you the time needed to close the sale of your current home but cause less concern to the seller of a home you wish to buy.

A settlement contingency can prevent you from feeling you are forced to accept the risks of a no contingency offer. This contingency is useful if you have already put your home up for sale, and both received and accepted a purchase offer. A settlement contingency allows you to have a valid purchase agreement for your new home up until the specified scheduled settlement date for your current home. If you can not close escrow by the specified date, your purchase agreement can be terminated and your earnest deposit returned to you. Again, putting yourself in the shoes of a seller, it is easy to imagine that knowing you already have an accepted sale for your home and a specified date for it to close escrow, the risk your purchase offer failing because of your own home sale, has much less uncertainty and risk. Furthermore, the seller has a pretty good estimate of when he will receive his money from the sale of his home. The seller may judge the risk to him of your settlement contingency to be quite acceptable.

Redwood City Apartment Building Prices Continue to Climb

Although large real estate investor/developer purchases don’t closely match individual homeowner purchases, the prices eventually track each other. The recent purchase of a luxury apartment complex in Redwood City called the Encore set a new high record price-per-unit of $816,666.

Large investors are still seeing increasing values for apartments in Silicon Valley. View Redwood City real estate trends for houses, townhouses, and condos.

Previous apartment complex sales have been:

  • November 2019, $814,285 per-unit for 175 units, sold by Greystar.
  • June 2019, $810,000 per-unit for 402 units, sold by Paul’s Corporation and Fortress Investment Group.
  • June 2016, $700,000 per-unit for 305 units, sold by Greystar Franklin.
  • March 2015, $595,744 per-unit for 141 units, sold by SummerHill Apartment Communities.
  • May 2014, $628,787 per-unit for 132 units, sold by Sares Regis.

Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

Primary Sidebar

JLee Realty Homes For Sale

Silicon Valley Cities

  • Atherton
  • Belmont
  • Brisbane
  • Burlingame
  • Campbell
  • Cupertino
  • Daly City
  • East Palo Alto
  • Foster City
  • Fremont
  • Hillsborough
  • Los Altos
  • Los Altos Hills
  • Los Gatos
  • Menlo Park
  • Millbrae
  • Milpitas
  • Monte Sereno
  • Mountain View
  • Newark
  • Pacifica
  • Palo Alto
  • Portola Valley
  • Redwood City
  • Redwood Shores
  • San Bruno
  • San Carlos
  • San Jose
  • San Mateo
  • Santa Clara
  • Saratoga
  • South San Francisco
  • Sunnyvale
  • Union City
  • Woodside

Recent Posts

  • Settlement Contingency Protects You But Makes Your Purchase Offer More Acceptable
  • Redwood City Apartment Building Prices Continue to Climb
  • Hello world!

Categories

  • real estate contingency
  • real estate trends
  • Uncategorized

Copyright © 2023 · Essence Pro on Genesis Framework · WordPress · Log in