The owner of this single family home in Chicago’s highly desirable Lincoln Park neighborhood purchased it for $1,350,000 one year prior to listing it with AW
1727 N Dayton St, Chicago, IL
Luxury Single Family Home
Privately Owned Real Estate
Sale Price: $1,467,750
The home owner’s goal was to get what he paid for the home the year before. He had not made any improvements to the home; he had a tenant occupying it who was in the process of moving out, making it difficult to photograph and show; and he had a smaller than standard sized Chicago lot, which meant developers would not be likely buyers.
- CLIENT TESTIMONIAL
At the time I decided to list my property with AW, I was frustrated by trying to sell my primary home through a traditional sales method and realtor. We kept going under contract on that home, but not closing because the buyers making offers did not have adequate funds. I had a second home to sell during the same time period and decided to try the auction method of sale for that home. My goal was to reduce the hassle and negotiations involved; only deal with qualified buyers; reduce the commissions I would have to pay at closing; and sell the home quickly for at least the same amount I had paid for it the year before. The AW platform and team far exceeded my expectations. By igniting a pre-auction bidding war, they achieved a quick, cash sale that netted me over $100,000 more than my unpublished reserve price (the amount I had paid for the property the prior year).