Just Sold South St Pete Pool Home On 15,000 Sq Ft Lot For $720,000

I’m excited to announce my latest closing for my out-of-town buyer!

I got to meet this lovely couple from Dallas through a personal referral who I’ve helped buy a few homes. It can be tough for out-town-buyers in this market because things are still moving fast! 

You don’t have the luxury of flying into Tampa or St Pete, looking at properties all weekend, and picking a home. Instead, I am Facetiming with out-of-town buyers, video conferencing, taking videos/pictures, and relying on all the new technology so my clients can get a good idea of what they want to buy. Fortunately, real estate agents with a lot of out-of-town experience can help clients navigate buying a home. If you are an out-of-town buyer, always ask your prospective agent, how many out-of-town buyers they’ve helped. 

Fortunately, for my clients in Dallas, they were working with a 37-year veteran in the business who has been helping local and out-of-town buyers find the perfect home. 

I was able to virtually walk my buyers through 15+ homes, and physically walk them through several homes when they came to St. Pete / Tampa on a holiday weekend. We knew we were serious and had previously lost 4 bids. 

Sometimes only looking at home virtually can be a sticking point for sellers. However, I always work to reassure sellers and more importantly the seller's agent that our out-of-town buyers are serious, and well qualified to buy. 

I always take my buyers through every crack and crevice of a home. Sometimes I think they get a better look when touring virtually. We don’t get distracted daydreaming about the future and really, really focus on the home, the home's condition, and what it has to offer.

Needless to say, my Dallas buyers were motivated and wanted this South St. Pete home. 

As a buyers agent, I needed to make sure my buyers were realistic about what it was going to take to win the bid. Yes, interest rates have gone up, but that hasn’t cooled down this market much. This home was only on market for 1 day. It received several offers, and the best/highest was due by Monday. 

We were aggressive with a $720,000 offer for a $700,000 listing. We put $40,000 in escrow and wrote an AS IS offer but still had an inspection. We won the bid!

My buyers were also financing so a 4-point inspection was required. And that’s when the deal went sideways.

We were told the tile roof had been replaced. They didn’t have records or an exact date, but assured us the roof wasn’t the original. We came to find out it was, and it couldn’t pass a 4-point. The roof needed repairs.

Now, this is when some contracts fall apart, especially if you don’t have a Realtor with experience. Part-time Realtors or Realtors who are new to the game, don’t know all the ways to contractually make a repair like this happen. Fortunately for my buyers, I do.

The sellers didn’t want to pay for the repairs even though the roof was the original from 1974. I knew this was a problem. After all, would you pay for a roof you didn’t own yet? I also knew we had several negotiation tactics at our disposal. 

We settled on a seller’s partial credit at closing. However, I still needed to protect my buyers if the deal didn’t close for some reason. They can’t be out of pocket for the repairs if they didn’t end up buying the house. So, we added an addendum that protected my buyers. There was a lot of negotiation, but we were able to get everything taken care of and were able to close. 

The roof repairs were done, my buyers got insurance, and we had a happy, successful closing.

Real Estate is easy when everything goes smoothly; however, that is rarely the case. This is why you need a Realtor who has experienced roadblocks and knows how to overcome them. You need a full-time Realtor, and you need Kevin. 

Get the extra effort that you deserve from your Realtor. Call Kevin at 727-410-8599.