Web Designer, Eric Nance and his wife Sara needed a bigger home. They had two young boys, two large dogs and Eric's business, Epiphany Graphics (http://epiphanygraphics.com/), all operating out of their 2000 sq ft home. Eric needed a separate work space, away from the rambunctious play of their boys and accessible enough that he could help out if needed. Sara had done her research on schools and was intent on being in the Divinny school district of Jefferson County. They are avid gardeners and given the dogs a large and sunny back yard was also in their top 5 "must haves". And of course they wanted a great deal! To achieve their goals we needed to sell their current home and finding the perfect new Live/Work home to accommodate both Eric's growing business and their expanding family.
Sara & Eric went to work completing the work we'd identified together that needed doing before going on the market & the TAA team got busy putting together the marketing materials to sell Eric & Sara's home. In April we went active in the MLS. Two weeks later we received a full price offer and began the transaction process to close on the sale. Once past the inspection phase for the sale we began in earnest to look for their new home. All together we looked at approximately 20 homes over the course of a few weeks. Working with TAA lender, Matt Hanson, http://hansonplanninggroup.com/ they got a great mortgage and chose a 5 bed, 3 bath short sale house that met all their criteria but desperately needed some TLC. The house was ideal in every way - 3 beds on the main level including a master suite, formal living & dining rooms, a working kitchen with an opening overlooking a large playroom that opened out on 2 sides to a wrap-around deck & the huge back yard. And downstairs - a fantastic TV/Media room w/ fireplace, laundry w/ tons of built-in storage and best of all towards the south end 2 bedrooms and a 3rd bath easily divided off from the rest of the downstairs space and perfect for Eric's offices!
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Comparing Basics Current Home New Home
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5 Must Haves:
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Sq footage: 2,108 2,940
Beds: 4 5
# of Baths: 2 3
Lot Size: 10,057 10,541
DOM: 15 days 92 days
Appraised: At list price $10,000 over purchase price
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• Separate work space for Eric
• School District
• Generous Family/Play room for the boys
• Sunny Back yard for gardening
• Master Suite w/ private bath
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Were there challenges? YES! The biggest being that short sales take longer than usual to close. In this case, 2 months longer. So Eric & Sara stayed with friends while we worked with the bank through the bureaucracy of a short sale. The in June the family moved into their new home.
I just met with Eric and Sara for their first anniversary in their new home. Life is unfolding even better than they'd imagined. Eric's business has gone through a focused evolution specializing in marketing for the medical community (http://omnimedicalmarketing.com/), baby number three is on the way! They've renovated the master bath, put wood floors in the playroom, added a dog run to the back yard, installed A/C and completed some upgrades to the kitchen. From start to finish the process took about 5 months. Eric & Sara got everything they wanted for the sold price of their previous home with $10,000 in instant equity and great terms on their mortgage.
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