clock menu more-arrow no yes

Filed under:

Taking Stock

In a story that couldn't be more representative of San Francisco right now, a potential buyer of a Noe Valley home offered up stock options in a well-known (but unnamed) startup to try to win a bidding war for the property. The seller was Joe Fernandez, founder of his own successful startup, Klout, and while he was tempted by the options, it turns out that including stock in a real estate deal is very complicated. He turned down the offer and ultimately sold his house for $2.6 million, well above the asking price of $1.895 million. [Business Insider; Redfin]