I had three settlements on listings last week. Each had a unique set of circumstances and were atypical from what your standard Realtor may handle. As I reflect on those experiences, there are at least two common themes among them: longevity and expertise.
First, a brief overview of these sales:
1. A DC rowhouse, administered by an attorney as the court appointed Personal Representative of an estate for a person who died in 2006. This was also a short sale requiring bank and investor approval. I also had to appeal the sales price with the investor after ratification.
2. A split-level home in good condition in Montgomery County, Maryland, also an estate managed by two of the three adult children (all who had grown up in the home) of the deceased owner.
3. A nice sized brick Colonial in Upper NW DC with property condition challenges in FHA loan pre-foreclosure status. This one required lengthy bank approval and multiple appeals.
Next, details on staying power:
1. The attorney for the estate is one of my regular clients. By establishing a long term working relationship with her, we can work together efficiently with trust.
2. I initially had met one of the siblings in October 2016. We all kept in touch regularly. I weighed in on preparation decisions (colors, finishes, updates to do or not to do) as they made progress. Once the house was market ready, we were on the market with 3 offers and one ratified contract 6 days later and closed 32 days after that.
3. The sellers and I first met on April 7. 2017. We closed March 30, 2018. From start to finish:
- 357 days
- 84 showings
- 12 offers
- 6 inspections
- 4 contracts
- 3 foreclosure dates postponed
- 3 appraisals
- 3 walk throughs
- 1 closing
I am with clients for the long haul.... whether within one transaction or across multiple sales for a single client.
More on my areas and levels of expertise in future (and some past) posts.
