For years, Don had been captivated by Pacifica and dreamt of owning a second home on the coast. In fact, a couple years back, Don was on the brink of sealing the deal on a condo near the pier, but the deal fell through due to insurance issues.

Despite his disappointment, he persisted in his search for an ocean-view condo, struggling to find one that truly caught his eye.

That changed when he reached out to us and we shared with him one of our team’s amazing condo listings. Don immediately fell in love with the place and with our assistance, got his offer accepted at the asking price of $1,298,888.

Everything seemed to be going smoothly until four days before the scheduled closing, a significant obstacle arose. Don’s insurance issues resurfaced. The lender discovered that the HOA did not have adequate insurance coverage per lending requirements, putting the deal in jeopardy.

Responding promptly, we engaged in discussions with the HOA to seek resolution and clarify the circumstances surrounding this news. Despite our collective efforts, the intricacies of the insurance landscape in California prolonged the resolution process, extending the escrow period beyond 90 days.

Recognizing the urgency of the situation to assist our client in selling her home, it became clear that an all cash offer was required. After careful deliberation with our clients, we were able to facilitate an all cash offer, ultimately reaching an agreement at $1,100,000, a 15% reduction from our initial valuation.

Despite not achieving the full asking price due to insurance uncertainties, we are happy that we helped our client sell her home and Don achieved his goal to own an ocean view home in Pacifica.

“Mauricio and his team navigated an extremely complex purchase with professionalism and grace. He negotiated an amazing deal and helped in every possible way. I can’t recommend him highly enough.”