Business Update 2/19/18

by Osman Parvez

Last week was another busy one for House Einstein.  Here's a quick update on our activities, CliffNotes style. 

- We successfully negotiated a good deal for our investors on an income property at Tantra Lake. The unit is in decent condition and the location should continue to rent well given it's proximity to CU campus south. 

Main level with a view over the neighborhood
- We joined our clients for a pre-drywall walk through on a Skyestone property (Taylor Morrison) in Broomfield last week. The professionalism of the builder and sales staff has been impressive throughout the process. While there are many advantages of a custom builder, at certain price points it's also worth considering the quality and systems that a large national builder brings to the table. 

- We completed a difficult negotiation for a five bedroom, mid-market property in central Boulder.  It was challenging, due to a once bitten twice shy seller. A half dozen non-standard deal points were negotiated, including "hard" earnest money and what could be Boulder's very first gazumping provision. In the end, it was only possible due to the professionalism and competence of the agents involved. In our experience, few Realtors (besides us) are willing to engage in truly complex negotiations. The inspection for the property is underway as I'm writing this post.

- Our listing at 3025 Broadway closed. The seller was on a business trip.  The buyer was on a vacation.  Everything was mailed out, so it was just me and the title representative at the closing table. Done in 30 seconds. 

- The transition to House Einstein is continuing. You'll notice refreshed logos appearing on our social media pages. Going forward, Realty Unique will be focused on property management exclusively. This blog will also be undergoing a cosmetic refresh shortly. 

Farm for sale, goat not included
 - We have begun evaluating a large farm property outside of Berthoud for our clients.  It's not going to be a straightforward transaction, by any measure.  There are long term leases, mineral rights, water rights, and several operating companies which are conducting business on the property.  

- We continue to get involved with more pre-MLS property.  Since these deals are currently in play, details will have to wait.  

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.