Case Study: 816 NW Market St

Driving Elements:

  • Investment
  • Good agent relationships
  • Showing up

 

I helped the buyers purchase this property in 2013. As of January 2015, 60% of the buyers loan is being covered by the rent generated in the lower level apartment. In this short time, the buyer has been accumulating cash and is preparing to make another investment. 

A few things worked particularly well here. First, and most critically, the buyers had done their homework and understood the potential. 

When we found ourselves in multiple offers, it was helpful that I had a good working relationship with the listing agent. Because of this, the seller agreed to meet for an in-person offer presentation (I don't believe competing agents/buyers presented in person). And, at that presentation, the listing agents encouraged their client to take my client's offer. 

View listing details here. 

 

Posted on January 22, 2015 at 1:58 pm
Michael Doyle | Category: Case Study | Tagged , , , , , , , , ,