Another Braemar Single Family Home Sold Above List Price!
You never know where your next listing will come from, but as a Top Braemar Listing Agent I am never surprised when I get to interview for a listing owned by friends or neighbors of former clients. That was the case with 12157 Millbill Court. My foot got in the door thanks to the sellers of 12146 Millbill who I had helped sell in 2019. What got me the job was my in depth knowledge of the neighborhood, recent experience selling a home on a similar lot at 12181 Cheshire and most importantly, my approach to looking at the numbers. Apparently, out of three agents that were interviewed, I was the only one that gave the sellers a ball park of where their home would sell.
The home at 12157 Millbill, as you can tell by looking at the virtual tour by clicking the link above, was very nicely updated and sure to please a buyer. Even though it was a drizzly, cloudy day when the photographer came out to the property, the home still showed beautifully. It wasn’t a surprise when it got an offer the first day on the market. A few days later and it had a total of three offers.
The owners had been following the estimated value of their home by frequenting sites like Zillow, Redfin and Realtor.com. When we first met, they were convinced they would be overpriced to list higher than $525,000. Those sites are so often so far off the mark it is silly. In this case, they were low. I was only able to get the sellers up to $537,500 when we did the listing paperwork. Thankfully, right before we hit the market as a coming soon property, they saw what I had been seeing and decided my $549,000 suggest list price was not off base.
After those three offers, the sellers chose one of two nearly identical offers. They chose a no down payment buyer with a stronger motivation to buy. Someone relocating for a job. It ended up being the absolute best choice. Buyers were dropping out of deals once the pandemic really hit the U.S. and impacted the stock market. My sellers’ deal, meanwhile, was solid.
Today, April 30th (2020,) 12157 Millbill went to settlement for $556,000. Because of the competitive situation and well qualified buyers, they did not have to give a dime of closing cost help.
Despite the precautions in our market to stay at home due to COVID, many buyers are still looking for homes. Interest rates are low and people need places to live, particularly the multitude of buyers who relocate to our area for work. If you want to know how to safely sell your home while still maximizing profit, l can get you great results. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster Real Estate