05 Apr Sold Before the Vacancy Became Costly

Fabian Edwards of ELIFIN® represented the seller in the successful sale of the property located at 10517 Kentshire Court in Baton Rouge, LA.

Challenge

The seller, based in Mexico, received notice that his tenant would not be renewing their lease, putting him in a difficult position. With a mortgage on the property and no local presence in Baton Rouge to lean on, a prolonged vacancy was not something he could afford to absorb. He needed to sell the property quickly, ideally before the tenant walked out the door, but had no established relationships in the local market to make that happen.

Strategy

Fabian connected with the seller through a cold call and moved quickly once the situation was clear. Understanding the urgency, Fabian got the property under contract while the tenant was still in place, preserving the income picture during the marketing and negotiation process and giving prospective buyers a clean view of the asset as an occupied property.

Result

The property closed within a month of the tenant vacating, resulting in a smooth and orderly transition for the owner. The seller avoided the financial strain of carrying a vacant building from thousands of miles away, and walked away from the transaction without the prolonged vacancy he had feared. A well-timed cold call and focused execution turned a stressful situation into a clean exit.

Leading Agent

Fabian Edwards, JD/DCL

fedwards@elifinrealty.com
Direct: 985-974-8301
Office: 800-895-9329