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 #4

605 Properties Found. Page 4 of 41.
Photo of Listing #20-14988
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3401 Greenland Drive, Anchorage

$517,500 - 6 Beds, 5 Baths, 3,629 Sf

MLS® # 20-14988

Listing Office: Precision Real Estate, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-16705

6441 Whispering Loop, Anchorage

$513,500 - 5 Beds, 5 Baths, 2,827 Sf

MLS® # 20-16705

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-15422

2602 Eide Street, Anchorage

$500,000 - 2 Beds, 1 Baths, 1,188 Sf

MLS® # 19-15422

Listing Office: EXP Realty, LLC AnchorageAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-12171

3056 Morgan Loop, Anchorage

$499,900 - 3 Beds, 3 Baths, 1,892 Sf

MLS® # 20-12171

Listing Office: Herrington and Company, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-368

511 S Bragaw Street, Anchorage

$499,900 - 12 Beds, 6 Baths, 6,480 Sf

MLS® # 20-368

Listing Office: Keller Williams Realty Alaska Group of Eagle RiverAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-12604

1850 Circlewood Drive, Anchorage

$499,000 - 5 Beds, 4 Baths, 3,282 Sf

MLS® # 20-12604

Listing Office: Sun Properties, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-2410

8203 Duben Avenue, Anchorage

$499,000 - 15 Beds, 8 Baths, 6,671 Sf

MLS® # 20-2410

Listing Office: Schilling Commercial R.E. LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-11072

L23 B4 Morgan Loop, Anchorage

$496,500 - 4 Beds, 3 Baths, 1,910 Sf

MLS® # 20-11072

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15257

5539 Arctic Boulevard, Anchorage

$495,000 - 8 Beds, 4 Baths, 3,456 Sf

MLS® # 20-15257

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14457

3502 Greenland Drive, Anchorage

$495,000 - 6 Beds, 6 Baths, 2,900 Sf

MLS® # 20-14457

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13731

1523 W 12th Avenue, Anchorage

$495,000 - 6 Beds, 4 Baths, 2,112 Sf

MLS® # 20-13731

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-717

410 E 45th Avenue, Anchorage

$495,000 - 10 Beds, 4 Baths, 3,726 Sf

MLS® # 19-717

Listing Office: FSBO System Alaska LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-10686

L17b2 Arlene Drive, Anchorage

$493,500 - 4 Beds, 3 Baths, 2,033 Sf

MLS® # 20-10686

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-4797

16111 Bridgewood Circle, Anchorage

$493,500 - 4 Beds, 3 Baths, 2,713 Sf

MLS® # 20-4797

Listing Office: Jack White Real EstateAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-17238

840 Harbor Circle, Anchorage

$490,000 - 4 Beds, 3 Baths, 2,552 Sf

MLS® # 20-17238

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.