Katherine Courts, Ocala, FL

24 Units

Challenge:

A 24-unit apartment complex in Ocala was part of an estate and needed to be sold. The asset was well maintained but in a higher crime part of town. The attorney and CPA handling the estate asked Beau Beery and his team if they would find a qualified buyer in a reasonable amount of time.

Action Taken:

Beau knew he needed to find a buyer who specializes in this kind of property. The day after obtaining the listing from the estate, an existing customer happened to call Beau as he was passing through Gainesville and wanted to catch up. Beery brought up the property because he knew it met the buyer's needs. Immediately after meeting with Beery, the buyer headed south to Ocala on his way back home and stopped by the property. The buyer turned in an offer the next day.

Result:

The road to closing was not without difficulty. Several vacancies occurred during due diligence, which gave the buyer pause. Plus there were encroachments on the survey that could cost the buyer thousands of dollars in the future. Beau and his team were able to handle every roadblock, which resulted in a quick closing. The attorney for the estate was pleased for his clients and the buyer added an asset that suited well with the rest of his portfolio.

Testimonial:

Beau Beery was able to secure a fair price, all-cash offer with an experienced buyer who offered a quick inspection period and quick closing on my client's estate. Despite a couple of minor bumps in the road with last minute vacancies and survey issues, he helped get the deal closed. We would definitely work with him and his team again should the need of one of our clients in the Florida market arise. 

--Mike Collins, CPA & CFP