April 15, 2012

Renfrew Heights Home Fetches Asking Price

Belief in value of the Vancouver property pays off for seller after holding second open house

2510 East 23rd Ave., Vancouver
Type: 2-bedroom, 1-bathroom detached
Size: 1,611 sq. ft.
B.C. Assessment, 2012: $708,400
Listed for: $773,888
Sold for: $773,888
Sold on: March 10
Days on market: 12
Listing agent: Mike Giesbrecht at Prudential Sussex Realty
Buyers agent: Kevin Xiao at Amex Broadway West Realty

The big sell: Believing in the value of your property is key in today’s real estate world. Such was the case for listing agent Mike Giesbrecht and his client when they listed this rancher in Renfrew Heights. Approximately 100 people came through the first weekend of open houses, producing four offers, all below the asking price. Trusting that the home was worth the listed price, the seller declined the offers. Another busy open house was held the following Saturday, which resulted in three additional offers being presented that same evening — including one that matched the asking price. This house was built in 1948 on a 33-by-120-foot lot and had been neatly maintained. The main selling features? According to Giesbrecht, these were the views of downtown and Grouse Mountain, the south-facing rear garden and the location, just two blocks from the Nanaimo SkyTrain station.

These transactions were compiled by Nicola Way of BestHomesBC.com and AssignmentsCanada.ca.
Realtors — send your recent sales to nicola@besthomesbc.com

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