On May 12, I posted a column on the coming sale of my home at the Athena. On May 14, it was listed in the MLS for $530,000. The home was under contract in seven days with the first (of many) people who toured (and still tour).
Including my home, there are currently five properties in the Athena for buyers to choose from. The others have been listed between five and nine months – and for less money. Why did my home get buyers’ interest so quickly? Renovation.
Those who toured left comments that included:
“Absolutely stunning home in the sky! Please let me know if the current contract does not work out!” “It is lovely,” and, “This is a beautiful unit with the finest of materials used on the remodel.” And specific to the Athena, of those I spoke with, all appreciated my having an open balcony.
It’s no secret that buyers want move-in homes. But buyers in the older demographic the Pink Wall trades in really want move-in ready homes. Properties requiring six-figure renovations with their associated hassles are a lot less appealing.