It took a little over a week and some very hard work on our part and our agent's part - but we are officially SOLD! Now that we are sold, I can reveal how it all went down. A little over a month ago, a unit exactly like ours was priced at $329K and sold in multiple offers for $363K. Now, the unit did have some nicer finishes than ours and had an extra patio at the back, so we figured ours wouldn't sell for quite as much because of these factors, but were still pretty hopeful. We decided to list at the same price, and hold back offers for about a week and have all offers presented at the same time in the hopes of drumming up our own multiple offer situation. The listing went on the market last Tuesday, and we had showings all week, through the weekend and we had over 25 scheduled showings, and over 30 people show up at the Open House. That translated to 4 registered offers tonight.
All 4 offers were presented and we decided to work with 2 of them - meaning that there were 2 offers that were fairly close and they were sent back to improve them. One of the offers was initially $5K over the other one, but it had a financing condition which we weren't too happy about because it meant there was a chance that the deal could fall through. The higher offer came back with a price of $352K and the sightly lower, but firm offer came back with $351K - this is the one that we ended up accepting.
After signing paperwork, we officially sold our condo! It was a great feeling but both J and I felt some bittersweet emotions because it meant that we would be saying goodbye to our first home together. All of our work in staging our place paid off and it was totally worth it. The sale of our condo puts us in an excellent financial position for our new home and gives us some extra money for renovations and furniture. I guess I had better get some moving boxes ready!
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