Deb’s December Goes From Blue To Bliss !!

Here’s A Story From David Stoddard… One of our Toronto’s Real Estate Team Buyer Specialists

A friend of mine had referred Deb to me on December 7. Deb had been renting with her boyfriend for the last three years but their relationship had unfortunately come to an end. They both had six weeks to find other living arrangements – a lot of pressure with the Holidays approaching.

Deb wanted to purchase a home right away… her family lived in London, Ontario so moving in with them was not an option. Moving in with a friend was also not an option… she didn’t want to move twice.

I met with Deb and assured her that we would find something. Her search criteria was very strict including a short closing. However I knew that there was enough condo inventory on the market and that there was bound to be something that met her requirements.

After going out for six straight evenings on showings, I could sense that Deb was losing hope. She was becoming anxious and very frustrated. I kept reassuring her to keep thinking positive thoughts.

I had an idea. I knew of a terrific brand new Tridel condo building, The Verve, at 120 Homewood Avenue that seemed to meet all of Deb’s criteria.

There were a lot of units available for sale but all the suites were well above Deb’s price ceiling. I felt that these condos were overpriced as the sellers were ‘testing’ the market. The building was only registered three months ago and so far, there were no good comparable sales to use in an offer negotiation.

I figured however that there had to be some motivated condo owners in that group of listings who would be keen to sell.

I proceeded to call every agent who had a one-bedroom suite listed to test their seller’s motivation. I threw out a lowball price and waited for an answer. One agent called me back. The unit, on the 22nd floor, was listed for $284,800. Deb’s budget was a maximum $250,000. I was able to negotiate the purchase for $248,500 with a short closing. The seller was happy and Deb was ecstatic!

Here’s What Deborah Said…

“From the beginning, David worked diligently to schedule veiwings (on weekends and evenings) and find me the perfect home within a very short timeframe. In fact, we viewed 40 condos in only 3 weeks!

When it came time for submitting an offer, David worked after-hours and even during his holiday break to get me the best deal…not missing a single detail with his research, timing, and negotiating skills. He really went above and beyond the regular scope of his job to provide me with great service and a successful outcome.

Thanks for being an integral part of my first time home buying experience, David! “
-Deborah S

« Immaculate Shane Baghai Townhome Just Listed In North York | Home | OK, Some More Good News About Toronto Real Estate »