JUST SOLD! Ogden East Bench Bungalow on Quarter Acre
Published On: June 16, 2016 Posted by: Jeremy Peterson
I just closed on the sale of this listing on Ogden’s East Bench. When I listed this home initially, my crew of handymen we were finishing up some repairs of the home for the seller. The home had been used as a rental property and needed some sprucing in order to be prepared for market. We put the home up on the MLS on a Friday evening (list price of $154,900) and instructed everyone that showings would begin at 6pm Monday evening once the crews had finished cleaning up their equipment. The results of that delay were shocking.
When I showed up at 5:50pm to prepare for whomever might be interested in viewing the home, there were already groups of people circling around the buildilng and peeking in the windows. I opened the doors and everyone surged in to see the inside. In total, we had about 8 agents with their buyers on hand and three unrepresented buyers view the home that evening as well. It was a flea market atmosphere.
One of the agents pulled me aside and said that she would be writing up an offer for her client immediately. They submitted an offer of $160,000 and asked for $4,500 in closing costs. We immediately accepted.
The buyer quickly went about getting their home inspection done. However, the following day the agent called me and said they had to withdraw due to the inspection. I quizzed her on what the issues were and she didn’t have many details for me. But, she did say her client was also unwilling to work with us on making any repairs that were deemed necessary. They were unwilling to share the inspection report with us. As it turns out, the buyer was from out of state and the agent was working on her first transaction as a Realtor in Utah. So, this first offer suffered from a case of green bananas. The buyer was completely unfamiliar with the market and the agent was fumbling through kinks in her first transaction with a client. We disengaged and moved on to other buyers.
Shortly after we put the home back on the market, we received another offer. This time, the offer was for $155,000 and the buyer asked for $6,200 in closing costs. My client accepted the offer. Fortunately, this transaction ran very smoothly. They conduced a home inspection and make a formal request for some repairs to the home. My client agreed to their request and our crews made the requested repairs. The only kink in this transaction was due to a major wind storm that caused some roof damage mid-transaction. We ended up making some unexpected fixes to the roof to keep the transaction moving.
Ultimately, we closed. Our client was able to have her home affordably prepared for the market and quickly placed under contract at a fair market price. Congrats to our seller!
