Property Address: 1020 Skybo Ct, San Jose, CA 95120
The Challenge: A Mismatch of Price and Market Reality
Selling a home at the “peak” price is easy; selling for a record-breaking price when the market is cooling is where strategy matters. At 1020 Skybo Ct, similar model-match properties had peaked at $1.65 million. However, the sellers initially insisted on a list price of $1.7 million, ignoring the “attractive pricing” strategy needed to spark a bidding war. As predicted, the overpricing led to low traffic and seller frustration.
The Pivot: From Rental Frustration to Sales Success
After a brief, unsuccessful attempt to rent the property through a third-party company, the sellers returned to Laxmi Penupothula. With the market trending lower, the sellers were now willing to accept $1.6 million just to move on. However, Laxmi knew the value was there—if the presentation and pricing were corrected.
The Strategy: Pricing for Competition
Laxmi implemented her original plan:
- Strategic Re-pricing: Positioning the home to attract the maximum number of qualified buyers.
- Presentation Excellence: Enhancing the home’s appeal to stand out against competing inventory.
- Negotiation Mastery: Handling the influx of traffic to create a high-pressure bidding environment.
The Result: $1.7 Million — A New Neighborhood Record
Despite a “tough” market and a previous failed listing period, Laxmi secured multiple offers. The final sales price was $1.7 million—not only $100,000 over what the sellers were prepared to accept at their lowest point but also a record-breaking sale for that model match in the neighborhood, surpassing even the previous peak-market high of $1.65 million.
DRE Compliant Signature
Laxmi Penupothula | Real Estate Specialist
Intero Real Estate Services DRE License #02047105 Office: Los Gatos, CA | Serving: San Jose (95120), Fremont, & the Silicon Valley
Legal Disclaimer:
This case study is for informational and marketing purposes only. Past performance, including record-breaking sales, does not guarantee future results. Market conditions are subject to change, and every real estate transaction is unique. Information is deemed reliable but not guaranteed. Laxmi Penupothula and Intero Real Estate Services support Equal Housing Opportunity.
How to use this for SEO:
- On your Website: Create a page called “Record-Breaking Sales” and use Skybo Ct as the first entry.
- Google Business Profile: Post a photo of the “Sold” sign with the caption: “Just broke a neighborhood record in Almaden Valley! Sold for $1.7M in a challenging market when others were selling for less. Strategy matters!”
- Social Media: Use a “Story” format to tell the “Rental vs. Sale” part of the story—it makes you look like the hero who saved the day.
