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MCM = SOLD

After just 3 days on the market I sold the MCM project. We strategically rushed to put the home in MLS on Thursday, knowing that it would generate enough attention before advertised Saturday and Sunday Open Houses. My real estate agent Jim Klinge of Klinge Realty did a phenomenal job at taking the photos and marketing. Each day we got way over 100 visitors through the Open House, mostly home buyers and agents but we had other investors and blog followers from both Bubbleinfo.com and my site stopping by to check out the project and meet us as well.

The project got rave reviews from everyone, we didn’t hear even one comment that it was over priced. People were really excited about our Mid-Century Modern renovation and we even had some modern house fans that came through after the project was promoted on the local site Modernsandiego.com. The original owners of the house also stopped by to see the transformation, not disappointed and very appreciative of our respect for the original design. I heard a lot of comments from home buyers saying they were so tired of seeing all the typical rehabs, same materials and predictable style. While the MCM thing is hot right now with the “in” crowd, the masses probably aren’t ready for it. By the end of the weekend we had received 3 offers, 2 of which went to highest and best and Monday afternoon we picked one. Its always hard to choose when the buyers are so nice, great young families and frustrated with finding a house in this crazy market.

Jim Klinge was so ethical that because he was representing one of the buyers, he had the other agent send their highest and best offer directly to me so he couldn’t advise his client what to write and automatically win the bidding war. How many agents do you know that would do that and be willing to lose the commission from the buying side? All in all, it was a great project and I am looking for more. If you have a house to sell We Buy Houses in San Diego give me a call or send an email here to this site. Especially if its a Mid Century Ranch house!

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  1. 13 Comment(s)

  2. By Mark on Apr 3, 2012 | Reply

    Congrats! Can’t wait to find out the sale price.

  3. By Tom on Apr 4, 2012 | Reply

    Thanks Mark! Over list but not crazy. Just stoked to hit our numbers and provide a killer house to someone really excited about it.

  4. By Craig on Apr 4, 2012 | Reply

    Great job on the MCM. Is that the fastest one of your projects has sold?
    Is your focus now solely on the South Park Craftsman or will you start another rehab soon?

  5. By Nung on Apr 4, 2012 | Reply

    Good design ! I cannot stand another mediterranean style house.

  6. By Tom on Apr 4, 2012 | Reply

    Hi Craig. We’ve sold them before they are even finished but don’t like to do that because we want the open market exposure to make sure we get the highest price possible. I’m looking for another one right now but nothing solid yet except the South park spec house. let me know if you see any mid century ranch homes for cheap. Thanks for the comments!

  7. By Kim on Apr 5, 2012 | Reply

    Congrats Tom! I am so envious of the lucky person who now gets to come home to that beautiful MCM. Thank you so much for the information you posted about the stucco colors. I hope you do another mid-century modern rehab soon. :-)

  8. By Tom on Apr 5, 2012 | Reply

    You are welcome Kim! Thanks for following the project and taking the time to leave comments. Let me know if you know of any houses for sale that might be a good opportunity.

  9. By Bilgefisher on Apr 6, 2012 | Reply

    Tom,

    You continue to build on the solid reputation you have for quality rehabs that are unique from the crowd. I was fully expecting this post this week. Well done.

    Jason

  10. By Tom on Apr 7, 2012 | Reply

    Thanks Jason. I’d like to step up the volume a little bit but them again have no desire to do entry level or tight margin deals either. I definitely got noticed with my first 2 rehabs back in San Diego! Glad to be home and having fun, hope all is well with you bud.

  11. By Mike on May 4, 2012 | Reply

    Tom,

    Will you be posting a breakdown of your fixtures and finishes as you mentioned in other post?

  12. By Tom on May 4, 2012 | Reply

    I think its beating a dead horse at this point, let me know what item you want and I’ll tell you where to buy it online.

  13. By Mark Beaton on May 21, 2012 | Reply

    Hi-

    Wow! Fabulous MCM remodel. Could you let me know where you purchased your shower head fixture?

    Thanks.

  14. By Tom on May 21, 2012 | Reply

    Hi Mark,

    here is a good one for $115.00 from Hudson Reed: http://usa.hudsonreed.com/cloudburst-chrome-rain-showerhead-arm-and-flange.html

    The one I used was $50 from China Find it here: http://www.dhgate.com/8-quot-modern-style-chrome-brass-round-cascade/p-ff8080812f9f5831012fa6873442555f.html

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