Andy Ends up at Olive 8

In early 2009 Andy Liu, CEO of Seattle startup Buddy TV, blogged about his $23,750 Mistake at Olive 8 and wrote about walking away from his earnest money.

Seems as though things ended up working out for Andy as he writes in a recent blog post, Real Estate Thoughts Part Deux:

I was ready to walk away, but did engage in a few interesting conversations with the folks there. Needless to say, we were able to come to an agreement to purchase property there. It’s far from clear that I bought at the bottom, nor was I trying to time the bottom. In fact, I’m probably early as only about 25% of the units are actually closed, there’s a lot of units still available.

It’s interesting to hear that Olive 8 is negotiating with buyers. Everything I heard in the spring of 2009 was that they were not negotiating at all. It seems as though having many units unsold [country records] has caused them to reconsider their decision. Of course I’d be really interested to hear specifics of how folks negotiations have gone! Though I wonder if Olive 8 is negotiating less now that they’ve recently renewed their construction loan.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive in the startup world but he recently caved in the spring of 2014 and became an agent.

You can also find Matt on Twitter or skiing.

  • EconE

    Their MLS listing prices are waaaay up there in bubble territory.

    Nice to see that the Realtor/Flippers are getting their usual sweetheart deals!

  • Pingback: Renegotiating and Walking Back to Olive8 • Seattle Bubble

  • pistol

    I've toured this condo and it's got some amazing views towards the north and west. The prices are insane! I'd pick up a place once they start dropping down into the $300's and cut their HOA's in half. I have also stayed in the Olive 8 Hotel and I must say the rooms are very nice, the indoor pool is very nice as well.