Success Stories old
How a local owner was able to sell their challenging property with midfield
Challenge
In the process of closing the 6- unit property on S Calhoun St in Baltimore, both the buyer, Shana, and the seller faced a significant challenge. It came to light that the current tenants were not up to date with their rental payments, posing a potential hurdle to the successful completion of the transaction.
Action
Yaakov Kanevsky, a skilled real estate agent representing both the buyer and the seller, immediately took action upon discovering the delinquency of most of the property's tenants. Drawing from his previous experiences with properties having delinquent tenants, Yaakov swiftly initiated negotiations for a "cash for keys" arrangement with the tenants. The goal was to secure their agreement to vacate the premises by the closing date, ensuring a smooth transition for the buyer
Solution
Demonstrating his negotiation skills, persistence, commitment, and dedication to assisting both the buyer and the seller, Yaakov went above and beyond to find a solution. Recognizing the urgency of the situation, he personally paid a significant portion of the cash for keys out of his own pocket. This proactive step ensured that the property would be vacant at the time of closing, removing any potential obstacles and allowing the transaction to proceed successfully.
Yaakov Kanevsky's remarkable efforts and willingness to take on additional responsibilities played a crucial role in the closing of the 6-unit property on S Calhoun St in Baltimore. His swift action, effective negotiation skills, and personal investment in the process highlight his commitment to achieving a favorable outcome for both the buyer and the seller.
"I had a great experience working with Yaakov, the real estate agent, for the multifamily 6-unit property on CALHOUN ST. He went above and beyond to assist me throughout the entire process, ensuring that each step was handled smoothly. With his expertise and dedication, he successfully helped me secure the property by working out cash for keys arrangements for most of the units, resulting in a completely vacant property. I highly recommend Yaakov for his outstanding professionalism and commitment to customer satisfaction."
Yaakov Kanevsky
410-498-5408
yaakov@midfieldre.com
www.midfieldre.com
2906 Lightfoot Drive Baltimore, MD 21209
Maximizing value: how Yaakov Kanevsky helped a multifamily property owner secure a sale in a challenging market!!
Challenge
The property owners of the 9- unit property on Great Mills Rd faced a significant challenge. They desired to sell their property, but they also wanted to ensure they could fetch a price of over $750,000 in a market with high-interest rates. The combination of these factors made it a daunting task to find the right buyer who would meet their expectations.
Action
In their search for a solution, Monica, one of the property owners, reached out to Yaakov Kanevsky, a skilled and experienced real estate professional known for his ability to navigate challenging situations. Monica explained the unique predicament they faced and sought Yaakov's expertise to help them achieve their desired price.
Solution
Upon hearing Monica's concerns, Yaakov immediately sprung into action. He recognized the importance of finding the right buyer who would be willing to pay the desired price despite the challenging market conditions. Drawing on his vast network of industry connections, Yaakov teamed up with a local auction group he had worked with previously. They collaborated closely, combining their knowledge and resources to identify potential buyers who would appreciate the value of the 9-unit property.
Yaakov's determination and perseverance were instrumental in ensuring the success of the deal. Despite encountering numerous obstacles along the way, such as negotiating with hesitant buyers and overcoming financing challenges, Yaakov refused to give up. He tirelessly pursued every opportunity, working diligently to bring the deal to the finish line.
"We cannot begin to express our gratitude for Yaakov exceptional dedication and unwavering support throughout the entire selling process of our 9-unit property on Great Mills Rd, Lexington Park, MD. With his meticulous attention to detail and unmatched resilience, Yaakov tackled every obstacle that came our way, ensuring a successful sale. His commitment and determination are truly commendable. Thank you, Yaakov, for going above and beyond to make this happen!"
Yaakov Kanevsky
410-498-5408
yaakov@midfieldre.com
www.midfieldre.com
2906 Lightfoot Drive Baltimore, MD 21209
How did a local MGMT company get a cash offer for their client's multifamily property?
Challenge
JBZ and the property owner encountered a challenging situation in finding a buyer for their multifamily property due to the prevailing interest rates being around 6-7%. This posed a difficulty as potential buyers were hesitant to proceed without a financing contingency.
Action
A: Recognizing the needs of the owner and JBZ, Yaakov leveraged his extensive network of over 10,000 MD investors to actively seok out a buyer who could offer a solution despite the high interest rates.
B: Yaakov's hands-on approach ensured he remained informed and involved in every step of the deal, driving the transaction forward and minimizing any potential hurdles along the way.
C: Displaying flexibility and a commitment to facilitating a successful sale, Yaakov worked closely with both the seller and buyer, ensuring that all terms could be met even if it required making certain concessions.
Solution
Through Yaakov's expansive network and unwavering efforts to navigate the challenging market conditions, the property owner was able to secure a cash offer for their multifamily property. Most importantly, the deal successfully closed despite the prevalent interest rates, achieving the desired outcome.
"We had the pleasure of working with Yaakov Kanevsky as the real estate agent for the sale of the multi-family property located at Desato Rd. Baltimore, MD. Yaakov's expertise and dedication were instrumental in making this deal a success. From the beginning. Yaakov actively sought out potential buyers and collaborated closely with our team to overcome any obstacles that arese during the process. His market knowledge and strong negotiation skills were evident as he skillfully managed each step of the transaction. Thanks to Yaakov's unwavering commitment and collaborative approach, we were able to close the deal successfully. We highly recommend Yaakov as a reliable and results-driven real estate agent in the Baltimore area. His professionalism, expertise, and determination to achieve outstanding results make him a valuable asset for any real estate transaction."
Yaakov Kanevsky
410-498-5408
yaakov@midfieldre.com
www.midfieldre.com
2906 Lightfoot Drive Baltimore, MD 21209
How GP4 real estate was able to sell their property at a top-of-the-line price in a down-turning market!!!
Challenge
When GPA Real Estate Mgmt. approached Yaakov Kanevsky to list their property for sale towards the end of 2022, they were hesitant about the direction of the market. With interest rates starting to rise, they were concerned about not being able to get the price they wanted for their property. Despite being in good condition, GP4 Real Estate Mgmt, was nervous about the market sentiment and the potential challenges of selling their property quickly and at a fair price.
As the agent who listed and sold the property, Yaakov Kanevsky was determined to help GP4 Real Estate Mgmt. overcome these challenges and achieve their goals. He recognized the importance of understanding the local market trends and had a solid network of potential buyers who might be interested in the property. With his expertise and knowledge of the real estate market, Yaakov Kanevsky took decisive action to help GP4 Real Estate Mgmt. navigate the complex landscape and sell their property at a price that exceeded their expectations.
Action
To help GP4 Real Estate Mgmt. sell their property despite the challenging market conditions. Yaakov Kanevsky took a number of actions that focused on highlighting the property's qualities and reducing buyer risk.
-Yaakov emphasized the excellent condition of the property to decrease buyer risk and position the property as a safe investment
-Yaakov highlighted the low vacancy rates of the property, making it an attractive choice for investors seeking steady rental Income.
-Yaakov focused on the lower-than-usual delinquency rate of the property, showcasing the strong track record of tenants paying their rent on time to reassure potential buyers.
-Yaakov utilized multiple marketing strategies, including leveraging a network of potential buyers, social media, and high- quality marketing materials, to maximize the property's exposure and reach a wider audience
Solution
Thanks to Yaakov Kanevsky's strategic actions, GP4 Real Estate Mgmt was able to achieve an Impressive result for the sale of their property. Despite the challenging market conditions, Yaakov was able to secure a sale price that was around $10,000 more per door than what other similar properties in the same area had sold for. This was a significant accomplishment that demonstrated the effectiveness of Yaakov's approach in highlighting the property's strengths and generating strong interest from potential buyers.
In addition to achieving a higher sale price, Yaakov was also able to ensure that the new property owner would still be able to make a healthy return on their investment. This was a critical consideration that helped to create a win- win situation for both the buyer and the seller. By striking a balance between maximizing the sale price and ensuring the buyer's financial viability, Yaakov was able to create a positive outcome that satisfied all parties involved.
Overall, the results of Yaakov's efforts demonstrate the importance of strategic thinking and effective marketing in achieving successful outcomes, even in challenging morket conditions. By leveraging his expertise and taking a proactive approach, Yaakov was able to help GP4 Real Estate Mgmt. achieve an impressive result for the sale of their property.
"Working with Yaakov Kanevsky from Midfield Realty was a fantastic experience for us at GP4 Real Estate Mgmt. Despite the challenging market conditions, Yaakov was able to successfully position our property and generate strong interest from potential buyers. His strategic thinking and proactive approach ensured that we achieved an excellent result for the sale of our property, with a sale price that exceeded our expectations. We were impressed with Yaakov's expertise, professionalism, and dedication throughout the entire process, and would highly recommend him to anyone looking to sell their property."
Yaakov Kanevsky
410-498-5408
yaakov@midfieldre.com
www.midfieldre.com
2906 Lightfoot Drive Baltimore, MD 21209
