Latest listing sale in “The Lakes” of Irvine needed problem solving and strategy

The verdict for 43 Lakepines:

Time on market: 5 days

Total buyers that viewed home through Open House and private showings: 50+ groups

Number of offers received: 7

Sales price: $510,000 Get your Lakes Home Value HERE.

Last sale price of same floorplan: $450,000.

This transaction wasn’t easy by any means. The little details matter when creating a solution to sell a condo for the most money — in the shortest amount of time.

Some of the challenges included:

1. Sale was needed in order to complete purchase of another property. (Move up seller)
2. The 1st buyer cancelled escrow. (Sold to a backup buyer immediately after.)
3. Appraisal comps in The Lakes were as low as $415,000 for a recent short sale and only as high as $450,000.
4. A rent back needed to be agreed by both parties