Some crazy news from a crazy SF market…

San Francisco real estate has gotten so crazy that this startup founder was offered stock options for his house

joe fernandez house264clipper.com

From million-dollar teardowns to homes selling for 70% above their asking price, there have been plenty of crazy stories about the San Francisco real estate market.

This one might take the cake.

Joe Fernandez, cofounder of social influence startup Klout, was looking to sell his Noe Valley home before making the move to Los Angeles with his wife.

The home, a three-bedroom Victorian house whose gutting and renovation had been featured in the New York Times, was listed for $1.895 million at the beginning of March.

Fernandez said hundreds of people showed up for the open house in the days that followed.

“I guess people researched and found out that I was the one who owned the house,” he told Business Insider. A “Klout For Dummies” book on a shelf also probably tipped off visitors to the owner’s identity.

Soon he was being contacted with several interesting offers: stock options as part of a deal to buy the house.

Author: kimhuntkw

We specialize in Real Estate in the Pleasanton, Dublin and Livermore areas of the East Bay in California

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