Buyer's Remorse in Cupertino

Someone bought it for 3.32M (632K over asking price) mid-June, and is back on the market. Honestly, feels like a bad deal for a corner lot with wasted space, and a small backyard.

https://www.redfin.com/CA/Cupertino/21520-Addington-Ct-95014/home/568408

Is the fear of recession kicking in?

Feel like a flip :slight_smile:

You mean flipping without doing anything? It was sold on June 17 and back on market today…

Interestingly it is listed by Real estate FAQ | Frequently Asked Questions by homebuyers and sellers | Flyhomes, who makes cash offers & provides guarantied buy if buyer backs out. Most likely it is back due to that.

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Same for this house: https://www.redfin.com/CA/Cupertino/21582-Columbus-Ave-95014/home/1150682?2093706699=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=copy_link

I believe both houses closed with cash offers (hence closing so quickly)

Good find/call!

Interesting. Yes. Both closed with cash offers. Wonder if more is going on with these kind of companies where they close with cash and then refinance (if underwriting fails or buyer backs out then it comes back to market). I wish to see some normalcy soon. :slight_smile:

Yeah well, normalcy doesn’t want to see us… if you know what I mean

Yeah?

yeah totally… crazy is the new norm… :slight_smile:

https://www.redfin.com/CA/Cupertino/21582-Columbus-Ave-95014/home/1150682#property-history

Sold for 280K higher than bought price