Highest Sold Price for a Parkdale Model Carriage Home Since 2007
In early March, I had the pleasure of listing 10143 Broadsword Drive. It was the thirteenth Parkdale I had listed in my career, the ninth located in our neighborhood of Braemar. While I have seen a lot of well appointed Parkdales with granite counters, hardwood floors throughout, I had never seen one with a stacked stone fireplace. Gorgeous!
Braemar has been experiencing a seller’s market, which means there aren’t enough homes to meet buyer demand. These are the times when sellers can push higher than recent comps to set a new high. However, my concerns were 1) this home backed to the power transmission lines which usually means an immediate reduction of value and 2) that all of the systems to the home were original. Homes built around 2005 are likely to have new HVAC systems, and new roofs. This one did not. But what it did have in interior updates, this Top Braemar Listing Agent showcased to the fullest of my abilities.
While initially priced at $475,0000, a price reduction to $465,000 after nearly two weeks on the market was the right move. Most of the feedback indicated this home was priced too high. Meanwhile other Parkdales, none with power line adjacent lots and with newer systems, were still listed for less. Would buyers see the privacy the power line lot offered? Would they love the interior updates enough to forego new systems?
When the sellers got an offer late night on Saturday, March 31st, this Braemar Real Estate Agent was there reviewing it with the sellers after holiday festivities on Easter Sunday and we have a counter offer to the buyers that evening. On April 2nd, that offer was ratified. Part of the counter was settlement happening on May 31st to accommodate the sellers. Another part was selling for the list price of $465,000.
When a seller turns up the heat at the offer negotiations, buyers turn up the heat come home inspection negotiations. I’ve seen it time and again and it was no different with this sale. It was really the appraisal that had the sellers and I concerned. Getting a price you want for your home is one thing. Getting it to appraise is another.
One of my skills, as a top Braemar Listing Agent, is getting my listings to appraise. The key is hand selecting comps and showing the appraiser why you picked them. Understanding what comps meet the criteria for your subject is critical. While I have an outstanding record of appraisal success (having only had one issue unresolved since 2010 when I got my broker’s license) even I had sweaty palms over this one. Like Mary Lou Retton nailing the perfect 10 in the 1984 Summer Olympics, I pulled the equivalent in getting this Parkdale to appraise.
Today, this Braemar Carriage home sold for $465,000. That’s the highest sales price for a Parkdale since March 2007.
If you want a chance to set the next record high sales price in Braemar when you sell, give me a call. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster REALTORS®