Challenge:
As the exclusive brokers, we immediately began marketing the 0.53 acre of commercial land, receiving multiple offers within days. It took only 10 days of marketing to get an offer accepted and begin contract negotiations.
However, we faced major challenges in this sale due to title and environmental issues.
Action:
We took action working with the environmental and title professionals to assure a successful outcome. By understanding the environmental report and attention to the details, we were able to find common ground and a fair compromise for both sides.
All parties worked together to ensure this deal was a success.
Results:
The transaction completed, resulting in a happy purchaser and seller.
The sale closed at $981,000, land price per square feet of $42.47, and a price per acre of $1,849,886.
This sale price was 98% accurate to our broker price opinion of $965,900.
