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

768 Properties Found. Page 1 of 52.
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 #20-9974
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New Listing

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 #20-9039

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 #20-8429

341 E 2nd Court, Anchorage

$599,000 - 7 Beds, 6 Baths, 4,031 Sf

MLS® # 20-8429

Listing Office: Coldwell Banker Endeavor RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-7840

1681 Circlewood Drive, Anchorage

$599,000 - 4 Beds, 3 Baths, 2,915 Sf

MLS® # 20-7840

Listing Office: Sun Properties, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-7262

1614 Katrina Circle, Anchorage

$599,000 - 12 Beds, 9 Baths, 4,896 Sf

MLS® # 20-7262

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-4032

6032 Heather Wood Circle, Anchorage

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

MLS® # 20-4032

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-806

Unit #c - 617 N Street, Anchorage

$599,000 - 3 Beds, 2 Baths, 1,890 Sf

MLS® # 20-806

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-15992

L33 B4 D Ava Circle, Anchorage

$599,000 - 4 Beds, 3 Baths, 2,481 Sf

MLS® # 19-15992

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-8099

15959 Seville Circle, Anchorage

$598,750 - 3 Beds, 3 Baths, 2,920 Sf

MLS® # 20-8099

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-5952

8111 Dagan Street, Anchorage

$595,000 - 6 Beds, 4 Baths, 3,208 Sf

MLS® # 20-5952

Listing Office: Dall Realty, IncAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-3082

1008 E 9th Avenue, Anchorage

$589,900 - 12 Beds, 6 Baths, 6,468 Sf

MLS® # 20-3082

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-8291

4841 Sportsman Drive, Anchorage

$589,000 - 4 Beds, 3 Baths, 2,910 Sf

MLS® # 20-8291

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-10010
New Listing

12811 Trent Circle, Anchorage

$585,000 - 3 Beds, 3 Baths, 2,514 Sf

MLS® # 20-10010

Listing Office: The RAYDAHL Group, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9569

2600 Klamath Drive, Anchorage

$585,000 - 6 Beds, 3 Baths, 5,047 Sf

MLS® # 20-9569

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo

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Listing information last updated on July 8th, 2020 at 11:04pm AKDT.