This week we closed on one of our single family home listings in Rego Park. This deal was one if those rare deals where everything went smoothly, and everyone was extremely happy! Our client was the seller and she was one of our most pleasant and friendly clients ever:) She was selling her home, which had been in the family for over 40 years. When we met her for the first time, we met with her, her son (who was raised in the home), and his wife. They were all very nice, and their biggest concern was getting the best price, and making sure that the process go smoothly. The house was a single family on 62nd Drive in Rego Park. This street is one of the widest roads in Rego Park and the curb appeal of the tudor homes are absolutely gorgeous!
Find Homes for Sale in Rego Park, Queens
The home itsef was in amazing conditition. Usually when we sell long time family homes, the age is very evident. However, this client renovated the entire house last year and we were surprised at what great taste she had with the renovations. The house had the kind of kitchen and bath that you see in tv shows, and the layout was a typical one family layout (3 bedrooms on second floor, formal dining, kitchen, and living room on first floor). The owner opened up the wall between the kitchen and dining room and it made all the difference!
When we met with them, we did a thorough consultation and needs analysis. The owner’s only son was now living in Jersey with his wife and kids, and she decided it was time to sell the house so that she could move closer to them. She was already under contract on a home in New Jersey so that part was done. Luckily it wasn’t contingent on the sale of her home in Rego Park so that made things much easier for everyone…
We went over comps to discuss the market value and suggested list price. The next door neighbor actually had just closed on their property recently. That one was a corner house with more living space but in poor condition. It ended up selling for $723K so we suggested listing at $750K because we felt that we could justify a sale price to an appraiser up to that number…
Click Here for a Free Rego Park Real Estate Market Report
Once we hit the market, our phone immediately strted ringing and emails started coming in. Our client didn’t want to have a lot of people roaming around the house at one time, so we scheduled all showings during 2-3 hour windows, with a showing every 15 mins. This was our first time doing this, but it really made for an awesome buying experience because every family that came was able to ciew the property by themselves for 15 mins…
After the first week, offers naturally started coming in. We had a total of about 12 offers on the house and negotiated them up to at or above asking price. The winning bid was a family who lives in the area and send their daughter to day care right across the street. This family was workibg with a buyer agent from Exit Realty in Forest Hills. They vuewed the property and then submited an outstanding offer, $810K ($60K above asking price)! They were the obvious winner but we did our due diligence just to make sure we had a solid candidate. After doing our financial review, we decided that they were good candidates to proceed with. The only thing we needed to address before going into contract was the inevitable appraisal issue. We value properties for a living so we instantly knew that it would be a very big challenge to justify the sale price to any bank appraiser. So, we asked the buyers’ for a no appraisal contingency in order to protect our clients’ with the offer price. The buyers’ acceted our terms and the deal began…
Find out How Much your Rego Park Home is Worth
Once we started the process of going into contract, we quickly realized that we were working with a true professional in the buyer’s agent. The buyers’ loan officer and bank attorney were also very cooperative and communicative. All we needed to do is reciprocate that same professionalism, which we always do:) The deal went very smoothly with very little hiccups along the way. Once the closing day arrived, we had the final walk through in the morning and then headed to the closing. At the final walk through, we could see the excitement in the buyers’ faces. It’s so gratifying to us when we get to see a happy buyer and seller at the closing table! The ownerwas there for 40+ years, and now a new couple was moving in with a baby on the way…
At the end of the day, this deal is just a reminder of how important it is to build a dream team when you buy or sell a home in queens. If you have the right people working for and(or) with you, then it makes for a much smoother transaction and more pleasant experience. This was on of the rare times where the seller’s team was just as good as the buyer’s team, and the end result was a very happy buyer and seller:) One chapter ends, while another one begins. This is why we love what we do, because we get to help people with one of the largest financial transactions they will ever experience. Our client netted $60K over market value, and the buyers’ are getting their dream home! Win-win…
Courtesy of George & Abigail w/the Queens Home Team at Keller Williams Realty Landmark II.
BUY: www.exclusivequeenshomes.com | SELL: www.queenshomeselling.com
Original Article: http://blog.queenshomeselling.com/success-stories/a-heart-warming-home-sale-in-rego-park-queens/
