Well, this lovely 2 bedroom 2 bath condo in the Miraval – Rivermark complex in Santa Clara closed escrow today. We listed the property at $390,000 but closed today at $415,000. Both parties were delighted. The seller – was free of the unmanageable mortgage payment and now can move forward to a new chapter in her life; the new buyer – because he was able to buy a gorgeous unit in the middle of the this luxurious complex away from the street noise and three floors up.
This truly was a win – win situation where both sides got exactly what they each wanted. Even the lenders got what they wanted because the final sale price was significantly higher than the list price – the lenders are always happy when more money comes in than anticipated.