Boston Hoppman: Creative Problem Solving

Posted by Matthew Lindsay on Thursday, May 7th, 2020 at 8:32am.

Last spring, I listed a home with a less than ideal floor plan.

I knew it could be a tough sell, but despite the unique design, I found a buyer for our client within 30 days.

We quickly came to an agreement on which repairs needed to take place before closing, and thought to myself, “This is going great and will be such a smooth sale.”

Then, during the repairs, something came up that would significantly increase the cost of repairs.

One of the action items was to install a sump pump in the basement. (A sump pump helps to keep excess water from accumulating, and pumps water to the exterior away from the home.)

And, since this home was built in the 50's, the basement was basically... a solid block of concrete.

This made a clean exit route for the sump pump hose seem impossible without routing it through the middle of the bedroom, living room, and bathroom before exiting the house.

As you might imagine, this is NOT something the buyer would accept, or something my seller would be happy paying for.

I feared the deal was dead.

I could have been discouraged and come to the conclusion that we needed to terminate the deal based on financial constraints. Instead, I went to my team to brainstorm solutions.

The team decided the best course of action would be to get multiple folks over there to look at the problem. After a handful of contractors put eyes on the issue, one came up with a brilliant idea.

We didn’t have to create an eyesore and were able to mitigated the additional costs associated with that repair. The clients agreed on this solution, and we got the property to close shortly after.

When listing a home for sale, you always hope for the best and aim for a smooth transaction. Despite best efforts, things don’t always go as planned. You may be presented with obstacles that seem impossible or come at the worst possible time.

Fortunately for me, I am a member of a diverse team with a broad range of experience spanning multiple industries. Problems are just talking points rather that deal stoppers, on this team.

 

 

Residential, Condominium, Multi-Family in Anchorage under $600,000

673 Properties Found. Page 1 of 45.
Photo of Listing #20-3185

2702 Mcrae Road, Anchorage

$600,000

MLS® # 20-3185

Listing Office: Real Estate Brokers of AlaskaAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15693

5501 Ridgeview Drive, Anchorage

$599,900 - 4 Beds, 3 Baths, 2,910 Sf

MLS® # 20-15693

Listing Office: Herrington and Company, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9974
Enhanced

3401 W 64th Avenue, Anchorage

$599,500 - 12 Beds, 6 Baths, 6,120 Sf

MLS® # 20-9974

Listing Office: Precision Real Estate, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14720

8131 Little Dipper Avenue, Anchorage

$599,000 - 8 Beds, 4 Baths, 3,780 Sf

MLS® # 20-14720

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14713

15001 Mossberry Place, Anchorage

$599,000 - 3 Beds, 3 Baths, 4,001 Sf

MLS® # 20-14713

Listing Office: Keller Williams Realty Alaska Group of Eagle RiverAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14247

L15 B6 Bruin Park, Anchorage

$599,000 - 3 Beds, 2 Baths, 1,803 Sf

MLS® # 20-14247

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-12746

6032 Heather Wood Circle, Anchorage

$599,000 - 5 Beds, 3 Baths, 2,686 Sf

MLS® # 20-12746

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-11939

3926 E 3rd Avenue, Anchorage

$599,000 - 17 Beds, 9 Baths, 7,360 Sf

MLS® # 20-11939

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9039

L13 B6 Bruin Park, Anchorage

$599,000 - 4 Beds, 3 Baths, 2,330 Sf

MLS® # 20-9039

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14012

14244 Hancock Drive, Anchorage

$589,000 - 4 Beds, 2 Baths, 3,078 Sf

MLS® # 20-14012

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9108

2233 Sorbus Way, Anchorage

$585,000 - 3 Beds, 3 Baths, 4,192 Sf

MLS® # 20-9108

Listing Office: O'Banion Real Estate and Relocation Services, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-18803

L14 B1 Heather Wood Estates Circle, Anchorage

$585,000 - 3 Beds, 2 Baths, 1,916 Sf

MLS® # 19-18803

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13733

L42 Sandhill Loop, Anchorage

$579,900 - 3 Beds, 3 Baths, 1,924 Sf

MLS® # 20-13733

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13738

L29 Sandhill Loop, Anchorage

$579,000 - 4 Beds, 2 Baths, 1,820 Sf

MLS® # 20-13738

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-16136

L10 B1 Heather Wood Estates, Anchorage

$575,000 - 4 Beds, 3 Baths, 2,330 Sf

MLS® # 20-16136

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo

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Listing information last updated on October 25th, 2020 at 2:19am AKDT.