It is always gratifying to help a heir take a dated property with tons of deferred maintenance that needs to be ‘touched top to bottom’ (as we say in the industry), and show them how they can flip their own house and make a profit rather than sell it to a professional flipper at a ‘wholesale’ price (as we also say in the industry) and let them make the money. And not just show them how, but to spearhead the project–create a plan via cost/benefit analysis, weave a design vision together, spearhead the procurement of an affordable quality contractor and of course list and market the house, presenting it in its very best light to the right target market.
It was particularly fun to do this one at 4425 16th Ave S., one year after helping one of the seller’s childhood friends, who grew up a block away and was thrilled with her experience working with me and one of my contractors. It was also gratifying to know that the buyer of the house moved into a home with quality work and materials, and not just another cheap flip with cheap carpet and shoddy workmanship. This one was one of my all-time favorites–I’ll let the seller tell the rest:
“When it came time to market our family home, I called Tim Sipprell because our friends had used him to sell their home in the same neighborhood and they were very satisfied.
Our home had been in our family for 63 years and had sheltered four generations of our family, so there were emotional connections to the property. The house had not been remodeled for several decades, and some of the work that had been done was of poor quality. I knew I would need a good contractor and Tim had a close working relationship with an excellent general contractor. We had a substantial, although not unlimited, budget to update the home and we were able to come, at least close to that budget with very few surprises.
Tim has a very good sense of what appeals to first-time home buyers, and we appreciated his vision and direction. The house looked great and we received an offer within two weeks, in a softening market.
Frankly, it costs about the same to list your home with a top real estate agent as it does to list it with an untested or inexperienced agent. Why would you choose to cut expenses on something this important? We felt the communication about the status of our home sale and closing was appropriate and Tim’s real strength, in our case, was bargaining, always representing our best interests in the transaction. We recommend him without reservations.” –Lynn Johnson
LIST PRICE: $269,900
SALE PRICE: $262,500
MARKET TIME: 20 days
SOLD in September 2018
For more information on today’s market please email Tim at firstname.lastname@example.org or call him at 612.327.7657.