PROJECT COMPLETE: I’ve Finished Selling My Mom’s Real Estate Portfolio
In addition to the emotional consequences, my mom’s death in April 2015 put a big workload onto my plate–including managing and liquidating her portfolio of 15 real estate properties. That has proven to be one of the most complicated and challenging professional projects of my career. So I’m sure you can appreciate my excitement to share the good news that we just closed the final real estate sale, thus completing the project 16 months after her death. Some stats:
The portfolio:
Brokers interviewed: over 30
Different brokers (individuals or teams) used: 9
Range of commissions paid: 5%-7%
Highest number of offers on a property: 14
Times a buyer dropped out of escrow: 3
Times a downed tree needed emergency removal: 2
Shortest turnaround from selecting broker to closed deal: about 3 months
Longest turnaround from listing to closed deal: about 7 months
Congratulations Eric! I was honored to help you. You did an amazing job!
Amazing, Eric! Since it had to be, I’m sure your Mom would have appreciated how thoughtfully you handled these sales.
Wow, just selling my parents’ single home was a huge job. I can’t imagine 15 ….
I knew you could handle it. . . as did your mom. . . or she would not have placed you into that position. Now you can get back to your life, family and your incredible accomplishments!
Well, I couldn’t have handled it without all of your help. And as you saw firsthand, I didn’t always handle it as well as I wanted to!
Good jobs eric, it very huge number of portfolio. You get some experienced to your professional career. And it takes time to do it.