This beautiful home was listed for $879,000.00 in Wilton Manors and sold for $841,000.00 after days of negotiating.
Rob and Russ came to me through a luxury townhouse rental of mine originally. They were not from the immediate area and were asking questions about buildings and where to live. Being a native to the area, I was able to immediate offer advice on potential properties and locations they should consider. They were open to my expertise in the local markets and we were off running.
I had introduced them into an assortment of luxury rentals in the downtown Fort Lauderdale area. I can see that they were not sold on it, and they inquired about a distressed property in Weston, which happens to be a very sought after place to live due to excellent schools but also very low crime area. We did a showing at a distressed estate and I could tell they had experience doing projects. Quite frankly I got to learn a bit from them as they were walking the house, which I always like learning. Personally, I’m not a flipper nor have a done much in that realm except for my triplex that I own, renovated, furnished and rented out. Point is I can see they were open to a project.
The ARV: After renovation value just wasn’t there. The house was being overpriced, and there is a good chance that someone may buy it close to that price, but not my Buyer’s, who are smart and experienced shoppers. We made a pivot and started looking at townhomes in Victoria Park, Fort Lauderdale. We saw interesting product throughout the search, but with many townhomes there isn’t a ton of space, or at least it’s broken up by 3-4 floors.
I had sent them a listing in Wilton Manors of a Glenn Wright home. The house was an estate sale and although not in bad condition it could easily use 30-50k worth of upgrades. The Buyer’s believed there is value in the house and room for growth. Wilton Manors is a very sought after area and home value there are much higher than the median price of Broward County which is $400,000.00 currently.
I had a great time working with them and everything went very smooth on this one. If you are looking for a local expert, someone who is reliable, responsive and fun to work with, give Adam Docktor a call! He’s the only Docktor that makes house calls!