Quick Sale? Bonus Points If You Don’t Cook And Have Great Timing

By
Real Estate Agent with North Shore Suburbs & Chicago Real Estate

ContractWhy do some properties go under contract faster than others?  Recent blogs have discussed contributing factors that influence quick sales and/or multiple offers.  When I listed my condo for sale, there were several other available units in the same building.  Some had even been on the market for months.  And, although the units were located in various spots throughout the building, they were otherwise comparable in square footage and floor plan design.

I received a full price offer in less than 30 days.  Was my condo priced too low?  No.  It was priced in line with other similar units.  Was it staged in a manner that was aesthetically pleasing, uncluttered, and inviting to potential buyers?  Yes.  Personally, my lifestyle dictates a more minimalistic environment.  So, I tend to furnish my space in the same way I've staged other properties throughout my rehabbing and remodeling career.  Buyers need a positive vibe.  Properties decorated to highlight architectural design and the best use of space will typically appeal to more buyers.  And, as we all know, you only need one buyer.


StoveOkay … so my oven still had the Owner’s Manual attached to the inside rack.  Yes, it’s true.  I don’t cook much and in fact, my microwave and I are BFFs.  Yet, although my condo received bonus points for having an unused oven – that was just the icing on the cake.  Essentially, my condo was competitively priced, staged well, in good condition – and oh yeah – it met the exact needs of the new buyer.

You still have to find the right buyer at the right time.  In my case, the buyer had just sold his condo and was looking for a 1031 Real Property Exchange.  He was seeking a 1 BR/1BA condo, with parking, in my neighborhood, at precisely the same time I was looking to sell.  A fairly priced property, well staged, in great shape – together with the right buyer – all working in unison like a well-oiled machine.  A swift and painless sale was created and executed.  You might say the stars were aligned perfectly.  Perhaps it was a match made in heaven.  All I know is that it took approximately 60 days from offer to closing.  And, everybody was happy.

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carie shapiro

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Joe Jackson 03/11/2012 11:54 PM
  2. John McCormack 03/12/2012 11:40 PM
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Rainmaker
334,608
Charlie Dresen
Steamboat Sotheby's International Realty - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

The same thing just happened with a friend of mine in central PA. She looked at the recent sales in her condo complex, priced it where the others had ended up selling (rather than thousands above), staged it appropriately and had it sold and closed within 60 days. And similarly, the stove/oven was brand spanking clean b/c it was never used...perhaps that's the real key to fast sales!! Congrats on your quick sale too!

Mar 11, 2012 09:57 PM #17
Rainmaker
1,216,350
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Carie, congratulations on the sale of your condo. Everything fell into place with the right selling points for price, staging, etc.

Mar 11, 2012 11:19 PM #18
Rainmaker
3,429,069
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations on the quick sale. Homes priced right and those that show well sell quickly.

Mar 12, 2012 12:27 AM #19
Rainer
35,849
Jamey "Milly" Milheiser
Fairway Independent Mortgage Corp. - Appleton, WI

Congratulations!  Hope the rest of your week is great as well.

Mar 12, 2012 12:50 AM #20
Rainer
239,330
Carie Shapiro
North Shore Suburbs & Chicago Real Estate - Wilmette, IL

Kathryn:  Yes, they still occur ... just not often enough, right :)

Christine:  I think the stars had a little something to do with this too :)

Janis:  I know ... it would be fantastic if they all went this smoothly!  Fortunately, there are still some that do :)

Cindy:  There are always different variables involved and as you described, timing can play a big part.  But, the bottom line for you is ... going, going, GONE!  I love it :)

Bonnie:  Buyers have to be able to picture themselves living there ... that's what it's all about, yes?

Joni:  Thanks!  Heaven and stars were on my side, that's for sure :)

Dominique:  Thanks so much!  And, welcome to AR :)

Joan:  Yes, "from the beginning" is a very important factor!

Marge:  Thanks!  All the pieces of the puzzle fit together -- so everything really worked out great!

Christine:  Thank you!  I appreciate your comment :)

 

Mar 12, 2012 12:52 AM #21
Rainer
239,330
Carie Shapiro
North Shore Suburbs & Chicago Real Estate - Wilmette, IL

Tammie:  I agree ... doing the work upfront can many times produce great results!

Marti:  Yes ... I think the oven was definitely my friend in this situation :)

Jordon:  Thanks and best of success to you as well!

Janet:  Great Point!  What comes first ... competitively priced, well staged properties ... or having all the stars in alignment?  One tends to create the other, yes?

Russell:  So I'm not the only one who doesn't cook? :)

Charlie:  Thanks for sharing your story.  Sounds like your friend and I had a similar experience.  Hmmm ... an unused oven seems to be a recurring theme here :)

Michael:  Thank you!  Yes, everything fell right into place :)

Gita:  That was definitely my experience :)

Jamey:  Thank you!  And, I hope you have a fabulous week as well :)

 

Mar 12, 2012 01:06 AM #22
Rainmaker
2,103,330
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Carrie....when seller duck meets buyer duck, the agents get to quacking the escrow song...quack away

Mar 12, 2012 01:27 AM #23
Rainmaker
315,851
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Hi Carie,....  so true. When timelines coincide or overlap are one of the reasons properties sell quickly.  That is why when you have decided to sell, it is best to just get it out there as soon as possible and meet those other timelines :)

Mar 12, 2012 01:33 AM #24
Rainmaker
1,547,604
Carla Muss-Jacobs, Principal Broker (503) 810-7192
BuyersAgentPortland.com | Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time - Portland, OR
Buyer Focused ~ Buyer Results

It's so nice when the plan falls into place as perfectly as this.  And sellers need to be able to see what buyers do.  With your experience, you certainly did!!

Mar 12, 2012 03:57 AM #25
Rainmaker
288,343
Blatt + Cutino
Keller Williams Coastal Estates - Monterey, CA
Broker-Associate 831/206-8070*Call today*

The stars do align sometimes and sometimes you just don't know why. it can be difficult to explain to the seller that doesn't sell near the one that does as to why theirs isn't selling. 

Mar 12, 2012 04:07 AM #26
Rainmaker
777,466
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Carrie:

Congratulations to you and the buyer.  I love it when everything comes together.  Of course, it helped that you knew exactly what would appeal to a buyer and price the condo right. 

Mar 12, 2012 05:19 AM #27
Ambassador
487,616
Kristin Moran
Owner - RE/MAX Access - KristinMoran@Remax.net - San Antonio, TX
San Antonio,TX - Real Estate - 210-313-7397

Right on Carrie! many different factors come together to make a perfect sale! Never used the oven??!! WOW!

Mar 12, 2012 05:45 AM #28
Rainmaker
413,510
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Carrie, 

Pricing, timing and setting the "stage" make a huge difference to selling it quickly.

All the best, Michelle

 

Mar 12, 2012 06:32 AM #29
Rainer
239,330
Carie Shapiro
North Shore Suburbs & Chicago Real Estate - Wilmette, IL

Richie:  Quacking the escrow song ... I like that :)

Sandy:  You're right ... you never know when your timeline will cross someone else's timeline!

Carla:  Thanks!  Perfectly falling into place happens so infrequently ... but I'll take it :)

Angelica:  I agree ... it can be difficult to explain.  Yet, sometimes, all the pieces just fit together nicely.

Evelyn:  Thanks!  Yes, it really worked out well and as I said ... everyone was happy :)

Kristin:  Yes, so many factors involved.  And ... hanging my head in shame about the "not cooking" thing :)

Michelle:  You're right ... they really do make a difference!

 

 

Mar 12, 2012 06:58 AM #30
Ambassador
1,400,689
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Carie - A great story with a happy ever after ending.  Congrats my friend on a swift and clean SOLD & CLOSED real estate transaction!

Mar 12, 2012 02:36 PM #31
Rainmaker
244,536
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Carie,  Funny that you don't cook much.  My best friend is Betty Crocker.

There is nothing "set" in the real estate business.  Two identical homes side by side can fetch different prices and have longer or shorter marketing times.  It depends as much on the field of buyers as it does price and condition.

Mar 12, 2012 07:20 PM #32
Rainer
104,088
Sherry Peckhoon Sim
Sims & Company - Cayucos, CA
Broker/Owner, Covering the Beautiful Central Coast

Congrats, Carie. There's always a first for everything, and perhaps the oven is the key.  Competitive pricing, great condition and a right buyer certainly help.

Mar 12, 2012 08:02 PM #33
Rainmaker
490,131
Lorraine or Loretta Kratz
Crescent Moon Realty, Inc. & Land N Sea Auctions. - San Marcos, CA
Certified Negotiation Consultants

A one bedroom/one bath is a challenge to sell. Not many buyers fit that profile. Yes, it took team effort to achieve the desire goal a happy seller & buyers.

Mar 12, 2012 09:10 PM #34
Rainer
239,330
Carie Shapiro
North Shore Suburbs & Chicago Real Estate - Wilmette, IL

John:  I like "happy ever after" endings :)  Except, they sure don't happen very often!

Bonnie:  You're right!  Nothing is set -- and the variables can, and do, change constantly.  So, you never know!

Sherry:  I was probably the only one in the building who didn't cook :)  All the other factors were key, though.

Lorraine or Loretta:  Yes, size of unit sure is a big factor!  Luckily, there were buyers looking for same.

Mar 13, 2012 01:25 AM #35
Rainmaker
494,468
John Mosier
Realty ONE Group Mountain Desert - Prescott, AZ
Prescott's Patriot Agent 928 533-8142

Carie -- I did not notice any mention of effective marketing. Did you put a lot of pictures in the MLS, do a virtual tour, etc?

It is GREAT to have more than one Buyer.

Jul 31, 2012 01:18 AM #36
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