Case Studies
Hamel Real Estate | Electric City Companies
Inherited Properties
48 Grissom Dr.
Clifton Park, NY
After helping a neighbor through the same process - the executrix of this estate-owned property contacted the Hamel Real Estate. Colin and the team provided the family with small, but targeted improvements for less than $5k that helped showcase this home at it's best before listing and securing a buyer over-asking price.
Transaction Type: Listing
As-Is Value: ~$360,000
Sale Price: [Private Unit Sale]
Transaction Type: Listing
As-Is Value: ~$265,000
Sale Price: $380,000
3 Dorsman Dr.
Clifton Park, NY
After inheriting her childhood home, Kathy enlisted the HRE team to help guide her through the sale. We provided her a ~$40k targeted scope of work, put her in contact with our preferred contractors, and listed/sold the house for a price that the home and the family deserved.
1771 Wendell Ave.
Schenectady, NY
This long-time family home was sitting vacant when Colin met with the family to discuss the next chapter. Having discussed all available options, the family decided they wanted to see Colin & his wife bring this property back to life for the next generation. The family took what they wanted, left the rest, and we got to work.
Transaction Type: Direct-Buy
As-Is Value: $200,000
Sale Price: [Anticipated ~$399,900]
Transaction Type: Direct-Buy
As-Is Value: $240,000
Sale Price: $450,000
556 Swaggertown
Glenville, NY
After inheriting this property, and all of its years of belongings, James and his sister needed to sell before it became more of a burden. Living out-of-state, they needed a local, qualified buyer who wasn't afraid of the required work. Colin & Madina purchased and fully renovated this home, providing not only a hassle-free sale, but the gratification of knowing the home was proudly resorted and cared for.
869 Kings Rd.
Rotterdam, NY
This home sat vacant and burdensom for several years after Bruce inherited it from his parents. Wanting to relieve the pressure while making sure it entered good hands, Colin and Madina purchased and renovated it - keeping Bruce involved along the way. He was able to see his childhood home beautifully restored and delivered to the next family to call home.
Transaction Type: LDirect-Buy
As-Is Value: $80,000
Sale Price: $230,000
Aging Homeowner Transitions
1 Twiller St.
Albany, NY
Kathy had lived in this property for 30+ years and was finally ready to transition to a senior living facility nearby. Struggling with mobility & sight, Colin helped Kathy make the minor improvements and cleanout necessary to position the home for the broadest market. Navigating a tight timeframe, Colin was able to help Kathy transition with excitement knowing the home was sold and she could move on to her next chapter.
Transaction Type: Listing
As-Is Value: ~$99,000
Sale Price: $149,900
Transaction Type: Direct-Buy | Post-Occupancy
As-Is Value: $184,000
Sale Price: $405,000
611 Waite Rd.
Clifton Park, NY
Priscilla and her husband (now into her 80's) were increasingly challenged by their home's upkeep. Built by her grandfather in 1940 and packed with 80+ years of belongings, Priscilla and Bruce wanted to downsize, but felt stuck knowing they couldn't buy until this house sold. Colin & Madi worked with Priscilla to purchase the property before they moved out, giving them the proceeds and flexability to buy their new home and make a smooth transition.
57 Sherwood Dr.
Latham, NY
Facing financial challenges and a calling to turn the page on a new life, Felix was in-search of a fast, flexible and low-stress option for making his transition. Colin & Madina took this difficult set of needs and delivered a solution to Felix that checked all the boxes. With a post-occupancy agreement, Felix was able to free up the funds needed to pay off debts, purchase his new home, and remain in the house until his move was complete.
Transaction Type: Direct-Buy | Post-Occupancy
As-Is Value: $164,000
Sale Price: $242,500
Code Violations & Distressed Properties
352 Hamilton St.
Albany, NY
Having held this Center Square property as a rental for over 15-years, Christie was ready to sell. At the time of bringing the HRE team on-board, Christie was facing a handful of code violations preventing it from selling. We worked with our contractors and the building department to address and close these challenges, get it to market, and sell for top-dollar.
Transaction Type: Listing
As-Is Value: Unkn. (Code Violations)
Sale Price: $365,000
Transaction Type: Direct-Buy
As-Is Value: $362,000
Sale Price: [Anticipated ~$550,000]
2 Carefree Ln
Wilton, NY
Now empty nesters, Mark and his wife were ready to downsize. Understanding that the 1970's house was in original condition, they knew listing on the open market would expose them to many major inspection issues. Wanting the quickest and least stressful option for selling, Colin & Madina purchased the home directly with no inspections or delays - expertly renovating and bringing back to market for the next generation of homeowner.
42 Plaske Dr.
Colonie, Ny
Serving as a rental property for many years, this house was in need of some work. Cindy had been approached by several wholesalers interested in purchasing the property, but knew there was more value than what they were offering. Colin stepped in and helped Cindy get the property in front of as many buyers as possible, negotiating above ask, and coordinating a smooth sale.
Transaction Type: Listing
As-Is Value: ~$65,000
Sale Price: $105,000
Transaction Type: Direct-Buy
As-Is Value: $99,000
Sale Price: $292,500
9 Prospect Ave.
Troy, NY
Mom & pop investors, Mark & Deborah, felt stuck with this property. With no permits, a less-than-desirable contractor, and a stop-work order from the City of Troy, they needed to get out from under it fast. Knowing there was no way to get the house ready to list, they opted to sell directly to Colin & Madina who purchased the house quickly and without hesitation. Colin & his crew remediating the issues and delivering back to market fully renovated and ready for its next chapter.
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