Ocean view condos in San Francisco

By
Real Estate Agent with Compass CA DRE# 01215160

A couple of months ago I was working with sellers to prepare their condominium on the Great Highway in San Francisco for sale. (You can read about it here.) They offered to sell it to their tenant, and as it turned out, the tenant's friend purchased it. It was a smooth transaction, and the sale recorded in July.

Nice for the tenant; no need to disrupt life and move. Nice for the out-of-the-area sellers; a quick sale at a very good price with a minimum of effort needed on their part.

Exterior ocean view condo, San Francisco

This sale occurred without putting the property on our multiple listing service, something I usually advise against doing. 

It's important for sellers to know the benefits of using the MLS. Listing property with a local MLS exposes a seller's property to all real estate agents and brokers, and their potential buyer clients, who are participants or subscribers to the MLS or a reciprocating MLS. Reducing the exposure of the property may lower the number of offers and can negatively impact the sales price. This is so important, in fact, that our standard listing agreement form devotes a full half-page of the 5-page agreement to this issue. We want sellers to know the benefit the MLS brings.

Unique situations do occur and then strategizing to find the best solution becomes important. Sometimes a seller is ill or bed-ridden making property showings very difficult and open houses next to impossible. Sometimes it's a privacy issue, especially for high-end sellers.

Sometimes, like with this Great Highway condominium sale, a private sale that meets the needs of all is the perfect solution.

If you are thinking of selling your San Francisco property and would like to meet to brainstorm the best solution for you and your needs, give me a call and we'll figure out the best strategy for you.

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California San Francisco County San Francisco
Groups:
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Tags:
sale
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Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lottie every transaction is different, and we need to be flexible in addressing everyone.  This is one of the ways a professional is distinguished from an order taker.

Aug 07, 2019 12:53 PM #1
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lottie, in a strong Seller's market, I would also advise putting a property into MLS, but this situation sounds like it was a WIN-WIN for both parties.  KUDOS

Aug 07, 2019 01:15 PM #2
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Lottie Kendall  There are times it just is not right to put the sale in the MLS  as it was not that type of sale 

Aug 07, 2019 02:26 PM #3
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

This was a unique situation and one that worked out for all involved in the transaction...Nice story!

Aug 08, 2019 03:57 AM #4
Rainmaker
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Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Getting a property sold without having to put it on the market is nice and all, but without the potential competition for the property, the seller might be leaving some money on the table.

Aug 08, 2019 07:08 AM #5
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

This is something I'm about to do for clients in Charlotte, Lottie. Long-term renter wants to buy the townhome. Bottom line it will be a win-win for both parties. 

Aug 08, 2019 07:13 AM #6
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I hope your transaction works as smoothly as this one did, Nina Hollander . Finding that win-win is the best.

Aug 08, 2019 12:35 PM #7
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Brian England - that's why we always thoroughly discuss the pros and cons of selling a property off market--so the sellers can make the determination of what is best for them.

Aug 08, 2019 12:37 PM #8
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hello Hannah Williams and Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - every situation is unique; this sale approach was the one my sellers chose and it worked out very well. 

Aug 08, 2019 12:38 PM #9
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I agree with you, Joan Cox -- listing on the MLS certainly brings the most exposure to a property; this time the sellers chose a different route which suited them the best.

Hello George Souto - listening to clients' wants and needs is something we should always do; then we can arrive at the best strategy for them.

Aug 08, 2019 12:41 PM #10
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

It's great when you can make such a big change for people with a minimum of disruption and a maximum result !

Aug 09, 2019 03:46 AM #11
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Sally K. & David L. Hanson - finding the right approach for every seller is important. This condo sale to the tenant (her friend, actually) was just right.

Aug 09, 2019 06:00 AM #12
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Lottie, for sharing your experience and your advice.

Aug 09, 2019 06:26 AM #13
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

One size does not fit all, right Roy Kelley ? Wishing you and Dolores a wonderful day.

 

Aug 09, 2019 07:19 AM #14
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Lottie Kendall - having the conversation about expectations and delivery helps the seller understand the pros and cons of each piece of the agreement.  You are right that one size does not fit all.

Aug 09, 2019 07:56 AM #15
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Every situation is unique and all sellers need to know what's of utmost importance to them. Then we can brainstorm the best way to achieve their goals, Grant Schneider 

Aug 09, 2019 08:08 AM #16
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Lottie Kendall - Your use of good judgement was based on a winning combination of all parties involved and all is well and ends well with happy buyer and seller. I think the most intelligent people on earth are those that can break the rules without breaking the rules but using strategy, understanding, listening to what the seller wants, and excellent communication to close on a private sale without compromising privacy using trust, honesty, and integrity. 

You're a great Agent who listens to what your client wants and does so with the highest standards of business.  

Aug 11, 2019 07:18 PM #17
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Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Sometimes everything just lines up perfectly and everything works out right.  However those transactions are the exceptions.  Congratulations on the sale Lottie.

Aug 12, 2019 01:19 PM #18
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Patricia Feager, MBA, CRS, GRI,MRP - finding what works best for a seller and then working to bring it about is what we do, right? 

Hello Jim Patton - it's nice to see you back here, blogging about the central valley towns you know so well. If it gets too hot this weekend, you know where to cool off! Best regards, L.

Aug 12, 2019 01:31 PM #19
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