Eric Lam

452 Blackwood St | SOLD | $650,000

Man, what a whirlwind of a transaction this was!

Right out of the gate, we had an incredible amount of interest, especially considering the market we’re in. Over 15 private showings and 80 people through our open houses the first weekend alone! We ended up receiving three strong offers and ultimately accepted an offer at $665,000 — $70,000 ABOVE our list price!

There’s a lot of talk right now about homes sitting on the market and sellers having to reduce their prices. While that’s true for some properties, it’s certainly not the case for every home. With the right pricing strategy, effective marketing, and proper presentation, you can still generate strong demand and achieve great results, even in this market.

Now, here’s where things got interesting… 😅

The appraisal came back significantly below our contract price, like $85,000 significant… 🙃

The buyer’s agent and I worked hard putting together a strong appraisal rebuttal with plenty of supporting data. Unfortunately, after nine days of review, the appraiser ultimately stood firm on the original valuation.

Thankfully, through some creative problem-solving, negotiations, and concessions from both sides, we were able to bridge the gap and get this one across the finish line!

Not every transaction is smooth sailing. Sometimes it’s not just about getting multiple offers, but knowing how to navigate unexpected challenges, find solutions, and keep everyone working toward the same goal.

At the end of the day, we got it done, and both sides walked away happy!

Huge shoutout to @mwilliams916 for all your hard work on this one! Always a pleasure working with you! 🙌