In this case study I originally helped this young couple purchase their home in 2008. The real estate market was down and home values were down, but the economic crash and the foreclosure crisis were yet to get worse. Read below to learn how I later helped them sell that same home due to a job transfer.
He was a doctor and had just finished his fellowship. They moved back to Michigan where he had done his medical school and residency. We found them a home near the hospital that met their criteria. Over the years they did some amazing upgrades to the flooring, stairs, opened up some walls, updated the master bathroom, etc. The work was very well done and a great investment!
In 2017 they decided to sell due to a job transfer. The husband had accepted a job at another hospital. When I ran comps to price the home, we were surprised to see the values had come up so much in the past 9 years and those upgrades had really paid off. We were able to sell the home for almost 43% more than their purchase price.
In general this process went very smoothly. We had professional photos done to highlight the space and updates. Although we priced aggressively in the beginning based on nearby sales, we made some quick adjustments to increase showings and potential offers. That move made all the difference.