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Case Studies / Daly Manor
sold
Daly Manor
Successful Sale of 16-Unit Property in Coveted Ballard Neighborhood
- Seller Financing Facilitated
- Managed Non-Conforming 17th Unit
- Generated 10+ Offers
Executive Summary
THE CHALLENGE
The property, inherited by the seller from her mother, posed management challenges due to low rents and a non-conforming 17th unit. The seller wanted to divest ownership and management duties and initially sought to cash out but was uncertain about their plan for the resulting proceeds.
WHAT WE DID
Executing a comprehensive marketing campaign, we organized 21 tours and attracted 11 offers. The offers included conventional financing and seller financing options; we showcased the unique advantages of each. Buyers considering seller financing were encouraged to provide compelling letters detailing their background and vision for the property.
THE RESULT
We identified a well-qualified buyer who lived close by. After sharing insights from the letters, the seller opted for seller financing, deciding to collaborate with a local family who has deep roots in the neighborhood.
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