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 - Page #3

605 Properties Found. Page 3 of 41.
Photo of Listing #19-17830

3856 W 82nd Avenue, Anchorage

$549,900 - 9 Beds, 5 Baths, 4,480 Sf

MLS® # 19-17830

Listing Office: Century 21 Realty Solutions Greatland BranchAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13739

L31 Sandhill Loop, Anchorage

$549,500 - 3 Beds, 2 Baths, 1,730 Sf

MLS® # 20-13739

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15387

600 W 19th Avenue, Anchorage

$545,000 - 6 Beds, 5 Baths, 3,072 Sf

MLS® # 20-15387

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-6192

7091 Clogia Street, Anchorage

$544,000 - 4 Beds, 2 Baths, 1,865 Sf

MLS® # 20-6192

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15729

1911 E 75th Avenue, Anchorage

$540,000 - 9 Beds, 4 Baths, 4,048 Sf

MLS® # 20-15729

Listing Office: EXP Realty, LLC AnchorageAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15884

11457 Tulin Park Loop, Anchorage

$529,000 - 4 Beds, 3 Baths, 2,764 Sf

MLS® # 20-15884

Listing Office: Congress Realty, IncAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-16291

4021 Lunar Drive, Anchorage

$526,000 - 6 Beds, 4 Baths, 3,301 Sf

MLS® # 20-16291

Listing Office: EXP Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-16092

1145 H Street, Anchorage

$525,000 - 3 Beds, 2 Baths, 2,277 Sf

MLS® # 20-16092

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15914

1411 W 43rd Avenue, Anchorage

$525,000 - 8 Beds, 4 Baths, 3,970 Sf

MLS® # 20-15914

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-12019

12520 Estuary Circle, Anchorage

$525,000 - 4 Beds, 2 Baths, 2,188 Sf

MLS® # 20-12019

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14490

4003 E 9th Avenue, Anchorage

$525,000 - 12 Beds, 4 Baths, 4,680 Sf

MLS® # 20-14490

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13789

2341 Banbury Drive, Anchorage

$525,000 - 4 Beds, 5 Baths, 4,176 Sf

MLS® # 20-13789

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-18347

5101 E 22nd Avenue, Anchorage

$525,000 - 3 Beds, 2 Baths, 2,128 Sf

MLS® # 19-18347

Listing Office: Herrington and Company, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-208

231 N Bunn Street, Anchorage

$525,000 - 16 Beds, 6 Baths, 6,480 Sf

MLS® # 20-208

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15918

4500 Montrose Circle, Anchorage

$519,000 - 4 Beds, 3 Baths, 2,720 Sf

MLS® # 20-15918

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

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Listing information last updated on November 25th, 2020 at 9:04pm AKST.