Seattle Condo Case Study
We were tasked with finding a great home/condo in the $750,000-$1,000,000 price point for a new client sent to us by the owner of our company. The goal was to identify a good quality 3 bedroom unit for the client to purchase in a 90-120 day window. They would re-locate out of a South Lake Union apartment.
Strategies & Tactics
3 bedroom condos are not as common as one might think. In fact, unless it is a penthouse, most 3 bedroom units are found in older and often less desirable buildings. We sifted through our database of condos, went through traditional routes of exploring 0n-market property and eventually shifted gears towards finding a great “off-market” opportunity. Our team often pre-viewed listings to make good use of our clients time. We caught word of 714 Bellevue Ave #101 hitting the market. Ironically, at that time we were helping a past client lease their unit next door (714 Bellevue Ave #102).
Once the property was identified, we moved quickly. We avoided a multi-offer situation by offering full price and a significant amount of down-payment funds which were attractive to the seller.
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