5016 Forsythe Place [Notable Sale]
HOUSE EINSTEIN NOTABLE SALE: 5016 Forsythe Place | $1.42M
Pre-Market Deal
We were just getting geared up to list this Arapahoe Ridge two-story home for some of our favorite clients when an unsolicited offer appeared. A savvy agent caught wind of the listing. The house itself was a nicely updated two-story with an addition, in a quiet cul-de-sac location. It had been owned by the same family for more than 25 years and was meticulously maintained.
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Why Notable?
It’s a House Einstein listing, so we know the complete story of this deal: It was textbook.
Whenever a home is sold in a pre-market deal, the price should be an appropriate premium to what the seller (and their agent) believes is market value. We obsessed over the valuation when we advised our sellers on this transaction. Our conclusion was there was a chance that this deal might have sold for even higher had it gone to open market, but there was also uncertainty and a risk premium to consider.
At House Einstein, we advise our clients with detailed, hyper-local market data and deep experience in real estate transactions. Our clients make the call. In this case, it was a win-win for buyer and seller alike.
Note: I follow the Buffet rule when it comes to talking about others (praise by name, criticize by category), and I’ll give Kudos to where Kudos are due. Erik Boye of 8Z did a great job negotiating and advising his client through this transaction. Our sellers were also very satisfied with how the deal progressed and the great communication throughout.
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.
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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.
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Testimonials
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
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More about the author
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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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
