This Braemar Condo Just Sold for $305,000
On July 24th (2020,) 12175 Caithness Circle in Braemar’s condos, Barrhill at Inverness Village, hit the market priced at $305,000. It only took one day and one buyer for it to go under contract. When you get the terms you want in the first offer, why wait?
What ended up being just as important as the sales price was having short contingency time frames and a two month post settlement occupancy agreement. The short contingency time frames allowed the sellers to write offers on their next home with coinciding settlements contingency instead of a home sale contingency. The rent back was their fall in the event they couldn’t get an offer accepted right away in this competitive market.
Since being under contract, the sellers (as buyers) have made about four offers on homes. Not one has been accepted, and not because they weren’t great offers. The competition is fierce. Buyers are willing to forego inspections and appraisals entirely. It’s rough out there, hence the reason the post settlement occupancy was so important.
Today this one sold for full list price of $305,000. And the former owners will be covered with their post settlement occupancy.
If the time to sell and buy in THIS market is around the corner for you, hiring an agent that understands how to protect your interests on the sale is just as important as hiring one that can show you property with short notice. My clients the wealth of market experience I have accumulated over the years as a Top Producing Agent in the Bristow area. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster Real Estate