Congrats to my buyer L for staying calm and relaxed in this buyers market. She loved this unit right after she saw it and wanted to jump on it. But we didn’t want to pay over asking. The sellers were expecting multiples and it didn’t happen. So we took a deep breath and waited a day before making a “lowball” offer. Compared to the comps we had all the ammo and all the negotiating power. We offered and they denied us. So we organized all our financing, finished doing our due diligence on the strata docs, and went back for another look so I could help figure out potential reno numbers. We offered again on the Friday and still no accepted offer. They waited till after the next open house and BAM they received 2 other offers. CRAP. So we came in hot with only subject to financing for 1 day and upped our price a bit. We played a bit of back and forth and finally by Wednesday night we had an accepted offer. It was a long grind but it paid off. We have officially locked down this awesome, top floor, 1 bed, East Van condo with deadly views and tons of potential. Looking forward to seeing this place once all the renos are done. CONGRATS L. More details below the pics.
