Taylor initially helped the sellers of 420 Raleigh St purchase in December 2019 with the intention to fix & flip. It was listed at $310k but the property was overlooked due to poor pictures and inaccurate information not counting 800 ft.² in the basement. After a bit of negotiation, they got the property $10K under asking. They were hoping to sell around $450K when they embarked on the rehab. Despite Covid19 they decided to push the market and list at $460K the first weekend showings were allowed in Denver after the “Stay at Home” order was lifted. Taylor created hype around the property through social media along with reaching out to hundreds of agents. Even before hitting the market, the property had an offer at $475k. Raleigh ended up getting seven offers and was under contract within three days. Nothing like it had ever sold at that high of a price in the neighborhood and appraisal came in $20K low. Not a problem because their savvy agent anticipated this obstacle and negotiated that the buyer would pay $20K over the appraised value before they went under contract. The home ended up closing at $495K. Including all renovations, loan fees, and real estate fees, the sellers put approximately $100K into the project and made a profit of $95K within 6 months.
420 Raleigh Street, Denver, CO 80204
Taylor Whitton, Seller’s Agent
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