Iconic Investments is proud to announce that we successfully closed escrow at $1,125,000 million over our listing price!
The Seller of 8913 Olympic Blvd had an unsolicited offer at $5,200,000 prior to Iconic listing the property. We convinced the Seller to take the property to market at $5,400,000 with a promise that we would generate a ton of activity and the price would go way above asking!
Listed - $5.400 Sold - $6.525 Million
38 Buyer Property Tours
19 Competitive Offers
$1,071 PSF for Office
Offer was 100% Non-Contingent Day-1
STRATEGY:
Many Sellers believe that taking a property to market at a high price will leave room for negotiation and net them most money. This is far from the truth, our experience has proven that the market will always determine what a property is worth - even if a property is underpriced. In this case we had 38 buyer groups tour the property and procured 19 competitive offers. The Buyers were incredibly competitive on Olympic, in fact, some showed up at the Seller's office to introduce themselves and win the deal - not that we recommend this! Iconic created a frenzy that made Buyers offer way above the asking price and come in non-contingent day-1. This strategy does work, we recently did it on two other listings, Paseo Del La Concha & Orange Grove - both had similar results!
LET US SHOW YOU HOW WE CAN DO THE SAME FOR YOU!
