Update.
Deal is off the table.
An unsolicited offer has been made at 1.5 mill.
Rumor got around the neighborhood that the family was looking to sell. Even though they are family friends, $400,000 is a big difference.
We will see if it closes.
If it doesn’t close, any advice on trying to attain that 1.1 mill purchase price.
As previously stated I thought the house would sell at 1.4.
I guess letting them know my offer stands is the only option.
My advice is to keep in contact. I see deals like this fall through all the time for many reasons.
If it truly is an unsolicited, site-unseen peek over the fence offer, the buyer will likely have 3-400K worth of adjustments to the offer before all the i’s are dotted and the t’s crossed. 1.1-1.2 may actually be a realistic offer for an older unimproved sunset cliffs house in this market. Cindy Wing had an REO listing 1 block of Sunset Cliffs Drive about 2 blocks from the end for ~1.25(IIRC) last time I talked to her… and she said it’s not generating much traffic.
If you really like the area keep looking. I do not agree that these houses do not come up for sale. I live in Point Loma and have bought/sold several houses here at great bargains. PL is an older community and the probate/trustee sale is your friend. At least half of this peninsula has one foot in the grave right now.
Oh yeah… with regard to your original post about unobstructed views, the only onobstructed view is one that you own. So if your property does not back right up to Sunset Cliffs Blvd, earmark some $$ and try like hell to get the max height deed restrictions necessary to maintain you view corridor if you buy at the bottom of the hill on the flatlands.
