By Cristen Lincoln, April 1, 2021
By Cristen Lincoln, April 1, 2021
Our architect client was getting ready to close on a lot to build on, when the most amazing mid-century home came on the market in the same coastal neighborhood as their lot. This new listing was not only an architectural gem, but boasted views of the horizon and ocean waves, and was so perfectly situated amongst the mature trees, that it felt like a tree house. With floor to ceiling windows all through the main floor, the light was streaming in and the forest was just an extension of the home. Switching gears quickly, we set about getting strategic. We all knew a home this special was going to get an emotional reaction from many buyers, and it would be competitive. When strategizing under these circumstance, buyers have a few decisions to make. First, how much do they love and want to make this place their home? Second, is it an investment, where the math is driving the price, or is it a place to make memories and create a home? Third, how long term of a home might this be? If you are planning to sell in the next 3-5 years, you shouldn’t necessarily plan to make money on a house unless you are buying one that needs improvements and has room to build equity.