Multiple Sources – Update

Okay it is official the house in San Francisco sold. And it was a magical, lovely story. We are very happy.

Here is the listing: http://www.redfin.com/CA/San-Francisco/30-Patton-St-94110/home/1727433

We bought it for $540 on 04/06/2011.

We listed it for $699 on 4/18/2013.

It sold on 05/07/2013 for $880. In a short close.

We put probably $30k into the house. And we did all the “right” things. We had our tenants agree to move out. We paid to have everything hauled off the property. We staged it. We got a landscaper to go over. We touched up the paint and fixed minor contractor things here and there. And all of that cost maybe $10k. And we are looking at houses that have stuff everywhere and things out of place, dirty dishes out! or wires painted and hanging funny and that just hurts your price. People need to see themselves in it not you in it. Not your lazy tendencies to not fix things, and trust me I am a lazy tendency a lot of the time. However, when it comes to using money at the right time I REALLY recommend spending the money to just make everything look great, not personalized to you and set up in the best way possible with experts who know how to place furniture. Not that I would call myself a real estate expert, yet. I am looking at pursuing it, especially given this recent success in the market.

The real estate market is hot right now. And we were fortunate to have a house in San Francisco where it’s almost always hot. The next property we buy is most likely going to be in San Diego and I am not sure that it will be as hot when we try to sell it later, but heck, I am going to enjoy the moment and celebrate with a big glass of wine… just kidding I’ll have some juice.

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