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Deal Story: Developer Brings Unsolicited Offer

As Dr. Ackiss neared retirement we began to have introductory conversations about the market and the process for selling his office at 3632 Georgia Ave. Finally one afternoon Dr. Ackiss called saying that he had recieved an unsolicited offer from a developer and that he probably was going to take it. The developer mentioned to him that they own other properties on the block and they could close quickly without the Dr. having to pay a commission.

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We advised the Doctor to allow us to update him on the market value before making a decision on his asset. While the developer offered him a quick closing and 300,000 cash, our market value of the property showed it was worth closer to $700,000. Dr. Ackiss eventually decided to market his property versus taking the sure thing and closed the sale at $675,000. Furthermore, the developer eventually hired our team to market two other assets, including the property next door at 3634 Georgia Ave.

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