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When Selling a Palo Alto Home Bring the Cleaners In Before You Close
Are you selling a home in Palo Alto? If so you may take a look at the market conditions and think, I don't have to be nice to the buyers, they should be grateful I am letting them buy my house. This would be a reasonable conclusion considering that so many homes have multiple offers and most buyers are paying 10-20%+ over list price with no contingencies. Seems like a Palo Alto seller's paradise right? Not so fast.
Yes, there are more buyers than sellers in Palo Alto right now. Yes, it seems like sellers are in total control; but we have been down this path before. Buyers will get caught up in the emotions of so much competition to get a home. They will make all kinds of offers that are fraught with risks for the buyer. Before escrow closes on the Palo Alto house you are selling the buyer may be grateful, but once they own the home things can change.
Buyers of all homes can never know all of the things that are wrong, or that will go wrong. As long as the market is appreciating they may not be bothered by a water heater that leaks or ... more
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