HOUSE EINSTEIN NOTABLE SALE: 5016 Forsythe Place | $1.42M
Pre-Market Deal
We were just getting geared up to list this Arapahoe Ridge two-story home for some of our favorite clients when an unsolicited offer appeared. A savvy agent caught wind of the listing. The house itself was a nicely updated two-story with an addition, in a quiet cul-de-sac location. It had been owned by the same family for more than 25 years and was meticulously maintained.
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Why Notable?
It's a House Einstein listing, so we know the complete story of this deal: It was textbook.
Whenever a home is sold in a pre-market deal, the price should be an appropriate premium to what the seller (and their agent) believes is market value. We obsessed over the valuation when we advised our sellers on this transaction. Our conclusion was there was a chance that this deal might have sold for even higher had it gone to open market, but there was also uncertainty and a risk premium to consider.
At House Einstein, we advise our clients with detailed, hyper-local market data and deep experience in real estate transactions. Our clients make the call. In this case, it was a win-win for buyer and seller alike.
Note: I follow the Buffet rule when it comes to talking about others (praise by name, criticize by category), and I'll give Kudos to where Kudos are due. Erik Boye of 8Z did a great job negotiating and advising his client through this transaction. Our sellers were also very satisfied with how the deal progressed and the great communication throughout.
Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.
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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. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
