After $400K Home Reno, Sold for $1M Over Listing
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Would you spend more than $400,000 preparing a home for sale? What if an unexpected discovery added another $100,000 to the project?
In this episode of Market Ready, Lance Pendleton sits down with Andrea Gordon, a veteran Compass real estate agent with nearly 29 years of experience, to discuss one of the most extraordinary home renovations before selling that she's ever managed.
The property was a magnificent Tudor home in Oakland's Crocker Highlands neighborhood, but decades of deferred maintenance had left it with extensive water damage, a leaking roof, and serious structural concerns. After coordinating a massive renovation, Andrea discovered an underground gas tank that required costly environmental remediation and delayed the listing.
Despite the setbacks, the home ultimately sold for approximately $1 million over its asking price.
Andrea also shares how she manages 36 listings in preparation, why listing coordinators are essential to her business, and how Compass Concierge financing helps sellers prepare their properties without paying all renovation expenses upfront.
Connect with Andrea on Facebook - Instagram - X - LinkedIn and online at andreagordon.com.
This episode is sponsored by Notable, the smarter way to sell your home. Learn more at https://notablehome.com.