8 Mayo Lane, an older, small, home that will probably not live to see the next year, just closed for $2.7 million. It hit the market at $2.695 million, attracted multiple buyers and had a signed, sealed contract within days.
I don't know the listing agent, Kristy De La Sierra, of Hooligan & Lawyers, but I'm hugely impressed by what she included in her description of the property:
The over one-half acre property is located on a quiet lane inside the Belle Haven security gate, though outside the waterfront association. Attached garaging for two cars.Agent to Agent Rmrks: Please note this house is not part of the Belle Haven Land Association. Property being sold ''AS IS'. Photos with furniture are virtually staged. Please see the updated survey in the documents for FAR calculation. The FAR is restricted due to the ''right of way'' to 9 Mayo Avenue.
A description like this saves buyers' time and more important, from my perspective, an agent's time, by not having to show the property to buyers who are looking for something else. I'm not suggesting that a listing necessarily disclose the presence of the crazy old loon next door who shrieks out her window from midnight to dawn and hangs her size-19 underwear out to dry on the front lawn — those may be delights best left for the new owner to discover — but the basic facts about a property are always welcome and, as seen here, don't hurt its ability to attract buyers.