CHALLENGE

After the expiration of their lease with Payless Shoes, the owners of At the end of the marketing process. the original bidder ultimately 5024 5th Avenue were torn between leasing or selling the property. stepped up by offering the highest price and dropping all sale Initially they attempted to lease the storefront. only to find that the contingencies. Meanwhile. the seller enjoyed the security of a hard-market was unable to replicate their previous rent. Meanwhile. contract with a quick closing backed by a 10% deposit. unsolicited purchase offers slowly shifted they to a buyer's mindset. . While they seriously considered accepting an off-market purchase offer. they consulted Nowak+Partners for a professional opinion of value prior to making any decisions. After their consultation. the owners decided to retain Jakub's team exclusively to undertake a Generated six written offers from pre-vetted buyers within one broad market campaign and avoid the risk of underselling.

ACTION

After an extensive marketing effort. Nowak-i-Partners was able to introduce a number of competitive bids ftom private and institutional investors. With the team's help. the sellers leveraged these new offers through multiple competitive bidding rounds. driving the price hundreds of thousands of dollars above their off-market offer. In addition. the competitive process forced buyers to remove any due diligence and contingencies from their offers.

RESULT

At the end of the marketing process, the original bidder ultimately stepped up by offering the highest price and dropping all sale contingencies. Meanwhile, the seller enjoyed the security of a hard-contract with quick closing backed by a 10% deposit.

• Generated six written offers from pre-vetted buyers within one month of marketing
• After a broad-reaching marketing campaign beat the seller's highest off-market offer by $400,000
• negotiated a completely non-contingent contract with all the buyer due diligence conducted prior to signing