Just Sold Another Condo in Heritage Hunt

By
Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

Just Sold Another Condo in Heritage Hunt

7065 Heritage Hunt Drive Unit 101 Sold for $290,000 on September 3, 2019.

On July 30th (2019) I had the pleasure of introducing Unit 101 of 7065 Heritage Hunt Drive in Gainesville to the market.  Early last year, I had sold my mother's third floor unit with an fantastic view for $272,000.  The comps showed that two bedroom/two bathroom condos were certainly higher in value when I met with the seller of Unit 101.  While my comps were showing a value of $285,000, there had been a recent sale the owner had heard of at $290,000 for a condo just like hers.  She wanted to best that, so we landed on a sales price of $295,000.

Within two days of being on the market a serious buyer stepped up while another buyer threatened to write an offer.  The serious buyer prepared to one up the other buyer, who oddly never wrote an offer.  The buyer that wrote offered $296,000 on the condo and a settlement date in early September.  

My seller was thrilled.  Not only that, but the buyer was also interested in some of my seller's furnishings.  Even better.  Less stuff to move.

Living Room

The home inspection was uneventful with only a couple minor findings that the seller fixed right away.  The appraisal, however, was a different story.  The appraiser brought the value of the home in at $290,000 and the buyer wanted the seller to lower the price.

In speaking with the seller, we discussed my original findings in the comps and that this was $5,000 higher than I had thought she would get.  Meanwhile, the seller wasn't getting any less than the same unit that had just sold, so she was not doing bad.  Add in the fact that this particular buyer would be writing her a separate check for three rooms worth of furniture, and the seller had some thinking to do.  Sure, we could very easily find a buyer willing to pay the difference if faced with the same scenario again, but would that buyer want the furniture?  And how much more would it cost to move that furniture?  The chance was the sellers' to take, and I was willing to do whatever she wanted.

Ktichen

My seller slept on it and decided the deal was still on at $290,000 and the side deal to sell three rooms worth of furniture.  She didn't want to mess with going through it all again, and it turned out, not having to move those three rooms worth of furniture really sealed the deal for my seller.

So on September 3rd (2019,) a very happy buyer and seller closed on 7065 Heritage Hunt Drive, Unit 101 for $290,000.  Want to know what your Heritage Hunt condo is worth in today's market?  Give me a call and let's find out.

  

 

 

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Rainmaker
3,357,545
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Chris Ann - congratulations on another closed condo transaction.  It's good when things fall into place and I am sure your client is aware that's possible because of your tenacity and strong local market knowledge.  

Sep 03, 2019 06:13 PM #1
Rainmaker
421,493
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Chris Ann, congratulations on the sale of this condo - it is a very nice combination of circumstances for both Seller and Buyer, even with the situation that arose. Thanks for sharing it with us.

Sep 03, 2019 06:44 PM #2
Rainmaker
638,113
Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI
Improving the Quality of Your Life

Congrats on your recent sale! Good luck keeping the momentum going.

Sep 04, 2019 07:42 AM #3
Rainmaker
60,279
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-507-7510

Congrats Chris Ann,

sounds like a strong market with potential multiple offers.  May many more come your way.

Sep 06, 2019 03:55 PM #4
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