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Case Study

214 Quincy

Closed July 2018 $1,895,000

The Heirs

The Challenge

I met with the 5 heirs soon after their mothers passing. They were all in agreement that selling the home was in everybody’s best interest (thank God because we all know its not pretty when the family is not in agreement). 

214 Quincy

Condition

The Challenge

The challenge was evident as I entered the door. The yard was entirely overgrown. The garage was completely full. What we found inside was disturbing and sad: the shades drawn in an atmosphere of gloom, every room and every corner was entirely covered with the decedent's possessions. There were clothes and books and papers and food, overloaded shelves and bulging plastic bags. Beyond the obvious accumulation, our first challenge was to “figure out” the house. Some of the rooms were so full we could not even enter them to determine their size or function.

Improvements

The Approach

Probate real property is offered “as-is.” In a situation like this, we needed to deep clean and sanitize.   Taking our suggestions, they hired professionals to remove all the hoarded items, scrub the house, and clean up the yard. Their actions made a huge difference. After some thorough cleaning,  I helped the heirs secure Estate Sellers to help them sell any unneeded personal belongings and make some extra cash.  

Appeal

The Approach

Once everything was removed, we were surprised to discover a fireplace and a beautiful window in the living room, and original moldings in the parlor floor.


Even without a coat of paint, a buyer can see the appeal of this period home with plaster ceilings and plenty of classic charm.

Pricing

The Approach

Because the house was completely run down, the heirs believed it was worth $1.1. I told them that based on the location of the house and what was happening in the market, they could probably get more and we listed it at $1,750,000.

Offer

Results

Within 30 days, I had an offer for them at the asking price of $1,795,000. Sometimes it takes a team to get a property ready for market. We are grateful to a cooperative group of administrators.