Case Studies
Amarillo, TX
Closing on a warehouse with ingress/egress issues
Client asked to auction off a warehouse that they had foreclosed on and couldn’t sell and was ready for “this to go away.”
Problem: The property had a contentious neighbor who was the former owner and was acting like he still owned the warehouse. The warehouse also had some ingress/egress issues accessing the parking lot.
Solution: As we were gathering information from the previous broker I found with the broker’s help an interested party that we agreed upon a fair price. Upon review of the title report the prospective buyer had issues with the title report and the ingress/egress issues with the neighboring party. We were able to successfully close on this transaction 90 days later after 8 contract extensions and difficult negotiations with all parties.
“I can’t thank you enough for showing your grit in this deal and helping it to the finish line. $6K wasn’t worth all this work but it is solid to do the right things right, and you did it. We all acknowledge it, and appreciate it. We know you could have gone an easier route. Thanks for sticking to your guns.
”
More Case Studies
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NORA had selectively sold their properties using a traditional real estate method of waiting for offers approach which resulted in below appraised value sales.