Chino Hills: A Cash Buyer in 9 Days, Speed Versus Price
· Case study
Listed at $1,198,000, in contract with a cash buyer on day 9, closed at $1,160,000 in 36 days. An honest look at what the seller traded for certainty.
2023 Voyage Rd in Chino Hills 91709, a 2018-built four-bedroom, four-bathroom home of 2,442 square feet in a north Chino Hills community, with a downstairs bedroom and full bath, a walk-in pantry and a loft, was listed by Shirley Tang Team on April 3, 2024 at $1,198,000. It went into contract on day 9, April 12, with a cash buyer, and closed on May 9, 2024 at $1,160,000, 96.8% of the asking price, with no price reduction and no seller credits.
Not every good sale closes above asking, and it would be dishonest to write only about the ones that do. This one closed at $1,160,000 against a $1,198,000 list, and it was a good sale. Here is why.
The offer that came on day 9 was cash. Cash means no appraisal, no loan contingency and no lender's calendar; the buyer's ability to close does not depend on a third party's approval. For this seller, the $38,000 between the asking price and the offer bought a closing date that could not slip, and it did not slip: 27 days from contract to recording.
The alternative was real. Hold out for a financed offer at full price, add a loan contingency of three weeks, an appraisal that has to come in at value, and the chance that the buyer's rate lock or job situation changes before closing. Some sellers should take that path. Which one is right depends on what the seller needs more: the last few percent, or a date that will not move. This seller took the date.
The other numbers were exactly as they should be: 9 days to contract, no price cut, no credits back to the buyer at closing, and $475 per square foot for a 2018 home with a downstairs suite.
What we owe a seller is the honest version of that trade, laid out before the listing goes live, so that when the cash offer arrives on day 9 the decision has already been made. If you are selling in Chino Hills or Diamond Bar and want that conversation, text (626) 202-9573 (text preferred) or add us on WeChat. There is no charge for it.
This is the record of one real transaction. Every home and every market is different, and nothing here is a promise about any other property.