333 W. 11th Ave., Vancouver
Asking price: $849,000
Selling price: $900,000
Days on market: 23
Maintenance fee: $302.03
Listing agent: Mary Cleaver, Re/Max Select Realty
The agent received two offers that were both “subject to sale” after the first open houses held on the May long weekend. The winning bid beat out the first accepted offer due to a 48-hour time clause. The buyers managed to sell their home quickly and come back with a “clean offer and a higher price” than the first accepted offer, says listing agent Mary Cleaver. The buyers were a young couple that lived in the area and wanted to upgrade to a bigger unit. The seller was the builder of the property who had held onto the unit after the project was completed.
What they got
The 1912 heritage house was completely refurbished and converted into townhouses in 2012, with a coach house. The two-bedroom, 889-square-foot unit has a bathroom with radiant heat flooring, hot water on demand, covered patio and landscaping. It is near the Canada Line SkyTrain. No rentals are allowed.
The agent’s take
“It was an indication of the softer market that after the weekend’s open houses and several showings, we had two offers to present and both were subject to sale,” Ms. Cleaver says. It is very common to put a time clause on an offer that is subject to the sale of the buyer’s home, she says.
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