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Case Studies / Terrace View
sold
Terrace View
Sourced §1031 Buyer and Achieved Record Pricing in Seattle Suburb
- Sourced a new-to-market §1031 buyer after the listing broker failed to find a buyer
- Set a new pricing record in the Burien submarket
- Achieved a quick, year-end sale, meeting both buyer’s and seller’s timing needs
Case Study
Challenge
The ownership group, having held the property for several decades, sought aggressive pricing and a rapid closing timeline before end of year. A broad marketing effort with another brokerage failed to attract a buyer, leaving the owners needing a fresh approach to meet their pricing and timing needs.
What we did
Our team sourced a California-based buyer engaged in a 1031 exchange and needing to identify and close on its trade by end-of-year. We leveraged our strong relationship with both buyer and seller to structure a sale that met both of their needs.
Result
We negotiated a transaction that met the seller’s pricing requirements while adhering to a tight timeline. The sale closed successfully on December 29th, achieving record pricing for Burien and exceeding the seller’s expectations. This sale showcased our ability to tap into our out-of-state buyer network and structure complicated, time sensitive transactions.
“Our Team was extremely excited to help this seller realize its goal of a quick sale while meetings their pricing expectations, it truly demonstrated out ability to source an outlier buyer.”
Dylan Simon
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