Congratulations to my clients, the Rosios, on the success of the sale of their Lochwood home. It was a pleasure to work with you both, and I look forward to doing it again at some point 😀
Here’s how we got to SOLD! …
The Lochwood Success Story
Late in the summer of 2021 the Rosios reached out to me to see what they could get for their home in Lochwood. They were interested in moving closer to work and needed a home that was a little bit larger.
We examined the most recent sales in the neighborhood, along with competitive listings in the area, and came to a price that worked for them. ✅
The Rosios wanted to purchase their new home and move into it before putting their existing home on the market. That meant finding a lender who had a loan product that suited their needs. I put them in touch with one of my go-to lenders, and although he couldn’t do their financing, he connected us with a lender who could. ✅
Searching For a Home
The search for their new home began! In October, we identified new construction in North Dallas, and met with the builder’s rep. Afterwards, we put their new construction home under contract. ✅
Once construction started, the building process actually went pretty quickly. Delivery and installation of the appliances is the only part of the process that delayed closing. However, their very creative lender was able to waive installation of all the appliances as a condition of closing, and the Rosios closed on their home. ✅
They moved in the next day. ✅
Staging and Selling
Two days later (Monday) my husband and his crew began the make-ready on their existing home in Lochwood. Wednesday afternoon the staging was installed. Yes, staging is still important in this HOT seller’s market. Thursday morning, the home was professional photographed. Yes, professional photography is still important even in this HOT seller’s market. Friday, around lunchtime, the listing went live in MLS. ✅ ✅ ✅ ✅
Eight days later, the home went under contract to an all cash buyer with a 3-week close (no, the buyer was not from California). ✅
If you’ve been trying to keep a pulse on the market and how quickly it’s moving or how rapidly home prices are appreciating, this part is for you…..
Eight days did feel like a long time for the house to go under contract. Especially when you’re accustomed to seeing homes on the market for one, two or three days. Nonetheless, it did go under contract, without any price reductions, to a very well-qualified buyer.
🧨Additionally, the price we came to in March 2022, about 2 weeks before the house was listed, was 27 percent higher than the price we determined at our initial meeting in late summer/early fall of 2021. That’s almost a 30 percent increase in less than a year.🧨
This concludes this Lochwood success story. Here are the key takeaways:
- Your home is worth more now than it has ever been in the past.
- There are financing solutions out there that can help you leverage the equity in your existing home so that you can purchase your new home before you sell. We just have to find the right lender and right loan product for you.
I hope you’ve enjoyed my Sold Success Story. I also hope that you’ll consider working with me if you decide that it’s the right time for you to make a move 😀