1031 ExchangeBuying and Selling July 7, 2025

Just SOLD with multiple offers!!

We listed at $1,799,000 and received tremendous interest, ultimately selling for $2,000,000 — that’s $201,000 over the asking price! We received 4 strong offers, including two all-cash and two financed offers. All offers were presented with zero contingencies. While one of the loan-backed offers was significantly higher than the others, the seller opted for a cash offer to ensure a smooth and timely closing, which was especially important because the sale was part of a 1031 exchange transaction.

In such cases, timing is critical, and cash offers typically provide greater certainty with zero contingencies. The seller made a strategic decision to prioritize security and flexibility, and it paid off. A seamless closing on July 2nd, 2025, marked the successful completion of this transaction! 🏡✨

If you’re thinking about selling and want expert guidance in your home-selling process or navigating competitive offers, I’m here to help!