Just Sold in Bristow’s Sheffield Manor
After a little more than a decade as a rental property, the owners of 12148 Formby Street in Sheffield Manor decided that the seller’s market of 2021 was their exit. Wasn’t getting much better than the appreciation they had experienced. However, coming from a well worn rental property to a listing that would get top dollar wasn’t as easy as moving out the tenants, taking some pictures and calling it a day. Listing preparation started two months prior to listing. Here’s what the sellers did:
- Replaced the roof
- Refinished their hardwood floors
- Had Luxury Vinyl Plank flooring installed in all bathrooms
- Replaced the water heater
- Replaced the sliding glass door to the deck
- Had new carpet installed
- Painted the interior
- Freshened up the deck stain and replaced warped boards
- Sealed the driveway
After all that, the home was ready for the finishing touch which was me bringing in light staging to fluff the kitchen, bathrooms, dining room and owner’s suite. With the home smiling and saying cheese, it was time for the professional photography. Take a peek at how it turned out.
On June 24th (2021) we hit the market. My mouth was agape that we made it through an entire weekend without an offer. The intense seller’s market had changed. One week went by and on the second Thursday the property got two offers. One was full price, the other a tad higher. Hmm. The dozens of offers the market had been coughing up on other properties earlier in the year had shifted. The $575,000 offer was the best one. It also happened to be a VA loan, something most sellers want to avoid because VA buyers can not waive appraisal and are entitled to their earnest money back if the home doesn’t appraise and they wish not to proceed with the transaction.
Thank goodness the sellers hired me, a full-time Bristow Real Estate Agent with more than sixteen years of experience under her belt, in addition to holding the highest level of license. In obtaining my broker’s license in 2010, I had to take one entire quarter on the subject of appraisals. I put together a package for the appraiser with comparable sales, the updates to the home and the other offer. We were home free. The home appraised at sales price.
Today, this home on Formby Street that I helped the owners find tenants for several times over the years, has become the first home of a very happy couple. The owners even invited them to a party held by their neighborhood friends so they can get a warm introduction. What a great way to end a transaction!
When it is time for your to sell your Bristow home, don’t leave money on the table. Even in a seller’s market, it is still a risk if your home is not market ready. Helping you identify the projects needed and most likely to bring you the biggest bang for the buck is what I do. Professional marketing is the other side of it. You won’t be disappointed. Get in touch with me.
The opinions expressed in this blog are those of Chris Ann Cleland, not Long & Foster.