5793 Olde Stage Road [Notable Sale]

Osman Parvez|April 2, 2021|Due Diligence|

BOULDER NOTABLE SALE: 5793 Olde Stage Road | $915K

Why Is It Notable?

Another “hot listing” that our clients wisely passed on. This particular house was simply too small, and the follow-on capital required to make it more livable wasn’t tenable. The photos also looked far better than the home presented in person. Several sections of paint appear to have been applied over weathered wood, which probably should have been replaced. The “updates” during the seller’s tenure were almost all of such nature, limited (although they look good from afar). The seller acquired the home in November of 2019 for only $685,000. The deal closed for $915,000, or $65,000 over asking.

Due Diligence

Even when there are multiple offers anticipated, don’t skip the low hanging fruit when it comes to due diligence. We sure hope the buyer talked to the adjacent neighbor about the shared driveway and dispute over the easement.

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Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market. | Subscribe

Socials: Facebook | Twitter | Instagram | YouTube

Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.

The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.

5793 Olde Stage Road [Notable Sale]

Osman Parvez|April 2, 2021|Due Diligence|

BOULDER NOTABLE SALE: 5793 Olde Stage Road | $915K

Why Is It Notable?

Another “hot listing” that our clients wisely passed on. This particular house was simply too small, and the follow-on capital required to make it more livable wasn’t tenable. The photos also looked far better than the home presented in person. Several sections of paint appear to have been applied over weathered wood, which probably should have been replaced. The “updates” during the seller’s tenure were almost all of such nature, limited (although they look good from afar). The seller acquired the home in November of 2019 for only $685,000. The deal closed for $915,000, or $65,000 over asking.

Due Diligence

Even when there are multiple offers anticipated, don’t skip the low hanging fruit when it comes to due diligence. We sure hope the buyer talked to the adjacent neighbor about the shared driveway and dispute over the easement.

Like this content? Check out Fresh Listings. It’s our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe

Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market. | Subscribe

Socials: Facebook | Twitter | Instagram | YouTube

Thinking about buying or selling and want professional advice? Call us at 303.746.6896. Your referrals are deeply appreciated.

The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.

Osman Parvez

Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.

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5793 Olde Stage Road [Notable Sale]

5793 Olde Stage Road [Notable Sale]

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Osman Parvez