Sold Date: 02/12/22
This property is a raised bungalow in an older neighborhood. The interior of the property started out as original before being listed on the market. In order to get the value the home deserved we needed to showcase it in a way that buyers could see its potential. We decided we would upgrade the main floor of the property but leave the basement original for leasing potentials for the new owners of the home. We renovated the kitchen, the floors and repainted the home. Doing this makes the place seem brighter and bigger. Once renovated we would stage the main floor to enhance the renovations. Homes that require less maintenance and work are usually more appealing to buyers. Also, homes that are fully renovated may not always appeal to all buyers because everyone has a different home style.
The home was originally purchased at $605k as an investment property. When we listed the home, there were a few competitors as well on the same street. With competitors around, there is a greater chance our value may go down if the respective seems more appealing to buyers. As soon as we got a good offer we were happy with, we didn’t wait and accepted. We didn’t try to see if we could get more or keep competing. We were happy with the investments we had already made. Sometimes, if you choose to wait, you may not get any offers at all or less. It is best to take advantage of an opportunity when it is first presented to you. We accepted our offer at $1 045 000 and 418 Colborne St was sold!
“The little things can give you more than you ask” – Dinah Wong
Comments:
Post Your Comment: