note: the following is the introduction to our most recent newsletter, which includes a review of the most interesting new listings to hit the market. Sign up here.
What's New at House Einstein?
The team at House Einstein has been deep in the trenches, but we're starting to experience a slow-down. This has left us a bit more time to pause, reflect on how to best serve our clients, and advise accordingly (see below).
A couple of business highlights since our last newsletter:
- We successfully closed the vast majority of our 2Q listings and helped a number of buyers find and close their purchases. We'll call out a couple of wins;
- Our listing at 4170 Pinon closed at $3.2M - full list price. Another buyer who had been trying to verbally negotiate was very unhappy they missed out, and within 48 hours of going under contract, they submitted a backup offer at $100K over. Take home lesson: When you see a unique home that you want to buy, write the offer that gets the deal done. Don't begin the process by verbally negotiating over the price. For some homes, there is no replacement and 4170 Pinon fell into that category. It's one of the most unique and interesting homes I've ever had the privilege of listing.
- We represented the buyers of 1255 Albion. They had begun the process over a year ago and ultimately landed in Table Mesa. I think this location and home will suit their needs for many years to come. We also ended up quite a bit below the max acquisition price, which allows our clients a budget for a remodel.
- We just listed 4708 Ipswich this week. It's a beautiful home in upper Heatherwood, with many upgrades. Check out our listing video.
- Reminder: House Einstein offers not just professional photography but high-impact videography with every listing, investing 5X more than a typical real estate agent in marketing our listings. If you're considering selling, please give us a call.
- Our listing at 4170 Pinon closed at $3.2M - full list price. Another buyer who had been trying to verbally negotiate was very unhappy they missed out, and within 48 hours of going under contract, they submitted a backup offer at $100K over. Take home lesson: When you see a unique home that you want to buy, write the offer that gets the deal done. Don't begin the process by verbally negotiating over the price. For some homes, there is no replacement and 4170 Pinon fell into that category. It's one of the most unique and interesting homes I've ever had the privilege of listing.
- Hamish, House Einstein's extraordinary assistant, crushed the real estate exam and is now full licensed. One of his goals is to support all of the Realtors at House Einstein, ensuring buyers can schedule showings and write offers, even when their House Einstein Realtor is traveling. Buying or selling, we believe you should never miss an opportunity because your agent was out of town.
- The seller elected to withdraw our listing on Westview from the market after finding a tenant for the property. Given cooler market conditions, they felt this was the best choice and we agreed. This was also what we advised our client to consider doing when we first met to talk about listing the home. Real estate is a classic inflation hedge. When you know the value of your asset, you might be better off keeping it. It's possible that I'm the only Realtor who regularly recommends NOT selling your home and turning it into a rental, but I also believe in advising our clients to do what's best for their economic future. That's our fiduciary duty.
- On a personal note: I was able to attend a close friend's wedding in California and attend the Telluride Bluegrass Festival. Both events wouldn't be possible without Sophie, Ian, and Hamish. I am so grateful for the extraordinary team at House Einstein.
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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Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.
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. image: Shiro Hatori
