All StoriesCase Study
Waterfront Condo, West Ave, Miami Beach, FL
7 offers on a waterfront condo — and the winning one wasn't the highest price. It was the one that could actually close.
7
Competing offers
+$54K
Above list
21 days
Contract to close
The Challenge
- HOA required board approval, application review, and proof of reserves from any buyer.
- Two prior deals in the building had collapsed at the financing stage.
- Comparable units were sitting on market with rising inventory across the barrier island.
- The seller had already relocated out of state and could not be on site.
The Strategy
- List at $749,000 to sit at the top of the widest buyer search band.
- Publish to OFFER1 so buyer agents could submit directly from a phone during showings.
- Require each offer to declare HOA approval readiness, financing type, and inspection window inside the platform.
- Run a structured highest-and-best round and reveal the top price once 3+ offers were in.
The Results
- 7 offers received in the first 9 days, all normalized into one comparison view.
- Top price was $812,000 with a 45-day financed timeline and no HOA pre-approval.
- Seller accepted $803,000 from a buyer already pre-approved by the association, closing in 21 days.
- Zero renegotiation, zero repair credits, and no board-approval delay.
In their own words
"I was 1,200 miles away and still felt like I was standing in the room. Every offer, every term, every deadline was on one screen."
"The highest number wasn't the best deal. Seeing the terms next to each other made that obvious in about ten seconds."
"In a building like this, certainty is worth more than the last nine thousand dollars. OFFER1 made certainty visible."
The numbers
- List price
- $749,000
- Highest offer
- $812,000
- Accepted offer
- $803,000
- Above list
- +$54,000
- Total offers
- 7
- Days to contract
- 9
- Contract to close
- 21 days
- Repair credits
- $0
- Failed board approvals
- 0
"Price is one line on an offer. OFFER1 shows the seller all the other lines that decide whether the deal actually closes."
— Listing Agent, Miami Beach
Presented by OFFER1 Partner Agent, Listing Agent, Miami Beach
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