|
|
 |
 |
 Divorcing Couple – Fixer Upper Oxon Hill, MD 20745
Trina and Mike owned a brick townhouse in Oxon Hill, Maryland.
They were having serious financial as well as marital problems and decided that
selling their home and going their separate ways was the best option for them and their children.
Mike had spoken to several realtors and had a good understanding of the local real estate market.
Mike also knew that since his house was in poor condition with evidence of a leaking roof, bug infestation,
outdated bathrooms, and water damaged floors, he could not get close to top market for the home.
Since Trina and Mike were in a cash crunch, they needed a reliable and honest buyer who could close fast and
contacted Diversified Realty Solutions. Within a week of contacting Diversified, the property was
under contract and sold approximately two weeks later with each of the parties leaving the closing with ample
funds to start a new life. In addition, Trina and Mike had requested and were granted a
30-day post-occupancy agreement whereby they had enough time to find new places to live after settlement. |
| |
|
 |
Relocating Seller – Rental Condo – Tenant from Hell Beltsville, MD
Maurice owned a two bedroom condo in Beltsville, MD that he had been renting for a couple of years.
Maurice found a great opportunity to move to California and purchase a dream home. However, in order
to purchase his dream home, he needed to sell the Beltsville condo. Unfortunately, his once model tenant
had transformed into “the tenant from hell.” Maurice’s updated condo was now infested with “bugs,” the tenant
had not paid the rent in three months and indicated that she had no intentions of paying in the future and he was
getting regular complaints from neighbors and the condo association about his tenant and the tenant’s children and guests.
Not a pretty picture at all.
Maurice called Diversified and a showing was arranged.
Notwithstanding the deadbeat tenant, an agreement was
reached for the sale of the condo that would allow Maurice to
purchase his dream home in California. At the 11th hour, a problem
popped up concerning the title of the condo and threatened Maurice’s deal in
California as he had to sell the condo in Beltsville by a certain date in order to meet
deadlines for the purchase of the California property.
While under no legal obligation to do so, Diversified restructured
the purchase and sale agreement with Maurice to insure that he could proceed with the purchase of his dream home
and not lose his deposit. Maurice is now literally lying on the beach sipping on a cool beverage and rejoicing because
he does not have to deal with that the deadbeat tenant from hell thanks to Diversified Realty Solutions. |
| |
|
 |
Outdated Property sold by Senior Citizen Pet worth, Washington, DC 20011
Bessie owned a property together with her elderly mother in the Brightwood section of Northwest Washington, DC. Bessie was an attorney and one of several children. Now that her mother was at a certain age, the family decided to sell the property and use the proceeds towards an assisted living facility for her mother. Bessie’s brother-in-law had just recently been involved with a successful transaction with Diversified and recommended that Bessie call them for a free consultation.
The property was occupied by Bessie’s mother and a few other relatives and had not been updated for at least twenty years. It showed obvious need for major renovation. After carefully listening and considering the needs of the sellers, Diversified Realty Solutions agreed to purchase the property and also agreed to the Seller’s demand for a very flexible post-occupancy agreement allowing Bessie’s mother to remain in the property until the paper work for her to begin living at the assisted living facility was finalized. |
| |
|
 |
Pre-Forclosure Hill Crest, Washington, DC 20020
Lynne had inherited a property in the Hill Crest neighborhood of Washington, D.C. Due to some health issues and a recent layoff, she had fallen behind on her mortgage payments and was very worried about the impact that her late payments would have on her credit. After doing a Web search, Lynn contacted Diversified Realty Solutions.
This property had a fair amount of equity in it, and was in fair condition but needed a considerable amount of work to make in top shape. After considering various options, Lynne and Diversified decided to on an equity sharing agreement. In essence, Diversified Realty Solutions arranged and paid for the renovation of the property and in exchange, Lynn agreed to split a portion of the equity with Diversified when the property sold. In addition, Diversified agreed to make all of the mortgage payments for the property until the property was sold. While the property was on the market to be sold, Lynn decided to enroll in a cooking school to fulfill a dream of being a chef. Not wanting to wait for the property to be sold, Lynn requested and Diversified Realty Solutions agreed to modify the terms of the agreement to pay Lynn an upfront payment to facilitate her enrollment into the cooking school with the balance of her funds to be paid at closing. Diversified even paid for the moving truck to take Lynn to the cooking school.
When the property was finally sold, Lynn expressed sincere gratitude in the flexibility, integrity and competence she experience in dealing with Diversified Realty Solutions. At the end of the day Lynn cleared approximately $90,000.00 from this transaction and we have heard that she is now working at a hotel in Las Vegas as a chef. |
| |
|
 |
Vacant Fixer Upper - Estate Sale, Capitol Hill, Washington, DC 20003
David and Thelma contacted Diversified Realty Solutions about a porch- front row house property David had inherited. The property had been vacant for over a year and needed quite a bit of work for it just to be livable. David and Thelma had no desire to renovate the property because it would cost over $100,000 to renovate it and they simply didn’t have the money or the time to take on a project this magnitude.
After meeting with Diversified Realty Solutions and going over the various options available to them, Diversified agreed to purchase the property in its as is condition for a cash offer. David and Thelma collected nearly $60,000 in proceeds from the sale a short couple of weeks after the contract was ratified. Short and sweet and Diversified Realty Solutions handled all of the paperwork from beginning to end.
|
| |
|
 |
Seller Needed Larger Place, Rockville, MD 20886
Erin and Jim owned a townhouse in the Twinbrook Forest area of Rockville, MD. Erin and Jim had separated but were only good speaking terms and agreed that a larger home was needed to accommodate their son and daughter who were both in high school.
Erin met with a member of Diversified Realty Solutions to determine the best solution for her and her family and a considered the options suggested by Diversified.
Erin needed over four weeks before she finally decided on selling the property directly to Diversified Realty Solutions. Erin stated that she selected Diversified over other interested parties because Diversified did not call her incessantly bugging her to sign a contract and that Diversified took the high road, just gave her the facts and unlike the other companies did not "trash" the other companies interested in her property and in short she just got good vibes from Diversified.
Once the contract was signed, Erin and the kids needed to find a new place before they could close the sell on their current home. Diversified Realty Solutions incorporated this need into the agreement and went the extra mile by assisting Erin in finding a large single family home in Silver Spring that provided the family with all of the room that it needed
|
| |
|
 |
Outrageous Property Tax Bill on Vacant Row House Capitol Hill, Washington DC 20002
Maggie had owned a row house in along the H Street corridor for a number of years as a rental. For the past couple of years the property had been vacant and had fallen into disrepair. Margaret also lived on the Hill but yearned to relocate to North Carolina where the air is fresh and clean and people stop and say "Hey." She needed to sell this property to make this move and after very careful deliberation and negotiation, Maggie and Diversified agreed on terms for the sale.
Maggie not only got instant cash but she was also relieved from the substantial burden that the District of Columbia had imposed on her by jacking up her property taxes by nearly 250% in one year. In addition, Maggie had to deal with never ending complaints from neighbors as the property had fallen into disrepair and vagrants had started loitering in the rear of the property to conduct illicit activities.
In less than twenty-one days, Maggie went from stressed-out homeowner dealing with exorbitant property taxes and pain in the but neighbors to a jet setter as she cleared over $300,000 from the sale of the property.
|
|
|
 |
|
|
|
