What do you get when an MIT engineering grad becomes a real estate agent? Mike Park from Lembu Real Estate, that's what! Mike is smart, dedicated, professional and very, very thorough. I consider myself to be a very high maintenance customer who was looking for someone who would not just show me different homes, but also have a thorough understanding of the Cambridge market, talk knowledgeably about construction and renovation issues and offer me hard data to back up pricing.
In the summer of 2010, we were looking to sell our 2 bedroom condo and buy a new 3 bedroom condo because of our growing family. Mike and his team really helped us in terms of giving great advice about staging our home for sale. After we had put in a few weeks' worth of work, our condo looked fantastic and buyer-ready. They had given us an analysis of what he thought we should sell our condo for. We pushed back a bit and we ended up settling somewhere in between. Turns out, our condo was very desirable, we got several bids even before the 1st open house and ended up getting just $5,000 less than our asking price, just three days on the market.
The downside was that we still hadn't found a new place to buy. Mike and his team bought us some time between the buyer's offer and the closing, about 6 weeks, and MIke worked pretty hard scouring the Cambridge market for us. If you were looking for a property in 2010 or 2011 in Cambridge then you know the market was very difficult for buyers and sellers alike. The market was so depressed that no one wanted to sell their home unless they absolutely had to so the inventory was very sparse. However, it being Cambridge which is very transient, random properties would still pop up. When Mike would take us to different properties, he would always pay close attention to our reactions to different homes and ask us questions about what we like and didn't like. He would watch our faces and interpret our remarks. He didn't seem like he was taking us to properties we wouldn't want to see just so he could see them for himself. He didn't talk about what he liked, or try to sell us on anything. Pretty soon he would just know what we would love and what we would hate when he'd look at listings. He studied us and what we would be interested in so he wouldn't waste our time. Given the challenge of the market, we had found two properties which would work for us but were overpriced. Mike and his associate Tim worked like mad to put together analysis after analysis and negotiate with the sellers. In the end, the first seller decided to pull their home off of the market and the second seller did not disclose a major defect in the home, which was a deal killer for us. Through it all, Mike spent a considerable amount of time helping us to externally process our thoughts and anxieties about it all. Mike was calm, objective, never discouraged and really stuck by us. Maybe, in the end, your real estate agent should also be your therapist!! Thank you, Mike, for your patience and for helping us to get through all of that heartache.
We ended up having to rent an apartment while we waited for the spring market. Once more properties came online, we found the perfect home, but again it was overpriced. Mike was again extremely attentive to all the details and in helping us to strategize on an offer price. Mike made some great calls and gave a very thoughtful and detailed offer letter to the sellers (complete with his own comparable housing analysis). Because of his thoughtful offer, the sellers came down almost $50,000 so we were in the ball park of making a deal work out. One small conflict came up between Mike and us when we were down to the final round of negotiations. We worked it out very amicably, which speaks again to the kind of realtor Mike is, a man of integrity who takes the time to hear out his clients all the way to the end of the transaction. The back and forth between us shows that he is not condescending towards his clients. He really does take your input into consideration and while he offers good professional advice, he is never pushy or arrogant about it. All throughout the sale of our condo and the purchase of our new one, Mike seemed to love educating us about real estate and we learned so much from him. You can tell he loves his work!
So if you're looking for a smart, dedicated, patient, honest agent, then look no further than Mike and his team at Lembu Real Estate. read more