You Never Know!
Recently, I was working with a buyer that wanted to buy a condo in a particular building.
We prepared an OTP (Offer To Purchase) for unit #01.
What’s interesting is that the building owns unit #02, right next to this unit. It seems that when this building was originally built, unit #02 was supposed to be for the building manager to use, as part of compensation.
The present building manager has his own apartment, so the building has been renting out the condo.
I called the building manager to ask if this condo were for sale. He told me ‘no’.
That not withstanding, I prepared another OTP for #02 and sent it the buildings manager and to the board of directors.
Well, believe it or not, the building responded with a counter-offer!
We are still negotiating, but now instead of helping the buyer acquire one unit, at a Fantastic Price I might add, we are narrowing down on two units!
If we can accomplish this, my buyer will have several wonderful options!
1. He can stay with one, and flip the other for a profit!
2. He can stay with both and rent out the second unit!
3. He can combine both units into one unit!
Either way, everyone is a winner!
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