Just Sold: Three Bedroom, End Unit, Garage Townhouse in Braemar for $386,000
On January 23rd (2020,) I had the pleasure of introducing 9619 Innerwick Place to the market, priced at $384,900. Being that there were NO Braemar townhouses on the market at that moment, I knew it would be a quick sale. Three finished levels in a garage, end unit townhouse with three bedrooms, two full bathrooms, two powder rooms, a two level bump out, fenced back yard, deck, patio and hot tub hitting the market was like throwing chum in shark infested waters. And the prep my sellers had done with refinishing their hardwood floors, installing new carpet and neutralizing the interior paint made it possible to increase their projected list price before we ever hit the market. Not surprisingly, my sellers had an offer the very first day.
Having one offer was great, but my sellers wanted to go through the first weekend, have two open houses, THEN see what they were being offered. After fourteen showings and twenty-two buyers through the two open houses, they were left to review three offers. There was one that stood out as highest and best, so they accepted it. However, as I often caution sellers in this seller’s market, when a buyer gives you exactly what you want with higher price and no closing cost help, home inspection can be a very painful point of renegotiation. In the case of that first contract, that painful point of renegotiation ended up with a dead deal.
Just as sellers need to understand that buyers have expectations when they overshoot list price and don’t ask for closing cost help, buyers also need to understand that homes aren’t going to be rebuilt for them just because they were the highest offer.
Thankfully, the first offer was in back up offer position and the sellers were able to move seamlessly into the next deal. It was a buyer with a need for a lot of closing cost help, FHA loan with a low down payment, but was grateful that they had finally gotten under contract. The home inspection on the second deal was way more reasonable and kicked up very minor issues.
This townhouse went to closing today for a final sold price of $386,000.
When the time comes for you to sell your Braemar townhouse, hire wisely. Having an Associate Broker with a decade plus of experience in many different market conditions will benefit you no matter what happens during your sale. My expertise and commitment to top notch marketing, from staging to professional photography, will get you the absolute most the market will bear. Since 2005, No One Knows Braemar Better!
Associate Broker-Licensed in VA
Long & Foster Real Estate