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March 14, 2016

Momentum

Here’s one more example of the momentum in the current seller’s market:

The owner of a 28,000-square-foot light industrial building in Dearborn Heights asked Steven Valli and Frank Rakipi of the Thomas Duke Company to list his property.

Quickly there were multiple buyers competing, driving the price up. To out-position the others, one buyer put forth a nonrefundable deposit. The owner accepted that offer and within 55 days the sale closed, a timeline that included the buyer obtaining a new mortgage. The seller received more than his asking price, plus a 60-day free occupancy period.

The buyers who were outbid are still eager to purchase! If you’ve considered selling your property, why not jump on the momentum we’ve created in this transaction? Call us today at 248-476-3700.

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