After losing out on the initial round of bidding on this unit, we continued to push our strong offer by staying in touch with the listing agent, and we were ultimately able to capitalize on the prior buyer’s failure to timely lift contingencies. Based on our analysis, the listing price was low, so our clients were comfortable with submitting an offer that was above-list and also waived the appraisal contingency, which motivated the seller to accept our back-up bid. After conducting the necessary inspections and due diligence, we were able to quickly close escrow to allow our buyers move into this beautiful Ridgeley Drive property.
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