Re/Max Crest Realty
1215 Kensington Place, Port Coquitlam, B.C.
Asking price: $1,649,900 (April 8)
Selling price: $1.740 million (April 16)
Days on the market: 8
Taxes: $5,435.31 (2023)
Buyer’s agent: Dennis Sepulveda, Re/Max Crest Realty
What they got
The 3,700-square-foot home has five bedrooms, four bathrooms and two fireplaces.Re/Max Crest Realty
This house was built in 1988 and sits on a 5,660-square-foot lot in the Citadel Heights neighbourhood, in a cul-de-sac.
The large, 3,700-square-foot home has five bedrooms, four bathrooms, two fireplaces, and six parking spaces. Although the house is dated, the staged house presented as bright and spacious. The new owners plan to do a renovation.
The action
The new owners plan to renovate the house, which was built in 1988.Re/Max Crest Realty
Listing agent Dennis Sepulveda’s buyers had put an offer on a home that had been on the market for more than 100 days and lost out to another offer. Then they lost out on two more homes that also went into multiple offers and sold far over asking.
The buyers had five kids, so they needed a spacious home.
“My buyers did the right thing and did all their due diligence, including paying for a home inspection, before the offer date,” said Mr. Sepulveda. “We were then able to submit an aggressive, over-asking offer with no subjects. Even with all that, [the sellers] received six offers, and we were very close to the next best offer.
“What helped tip the scale in our favour was that we included a personalized letter with our offer. Selling a home can be an emotional decision, so including a letter can sometimes help your chances of getting accepted, even if you don’t have the highest price.
“In the end, the seller was happy that the home went to a lovely family, and my buyers were very grateful and relieved to have secured a home before prices went up even further.”
The agent’s take
Re/Max Crest Realty
The house sold just before sales dropped off.
“The spring market started with a bang, and buyers came out en masse,” says Mr. Sepulveda.
“I’m getting a sense that there is a lot of fear regarding rising inflation, and many buyers are waiting for interest rates to come down more.”
The sale completed July 31.