Real estate General topic

[paulsharvey]

It does show only 5.3% of home sales (well, im guessing this includes all real estate transactions, not just homes?) close Above listing price. Fewer new listing, affordability increased, but so did home prices, so home prices did not increase as fast as inflation. The 61 days on market kinda surprises me, thats a pretty long time.

 

[EscapedSuburbia]

Yesterday we did the closing on the house we were selling. I absolutely did not want to meet the buyers because I've had a couple experiences selling vehicles where the buyers thought I was their ongoing tech support or warranty service. I was at the house doing the last mowing on Monday and the buyers showed up to do the final walkthrough but my realtor didn't warn me about it. Not only did I not want to meet them but the husband brought his father who I know. We're not fast friends, but we've been nodding acquaintances for years. One of the first things he said was, "good, I can give them your cell number in case they have questions". But it turns out I really like the buyers. They're young with three small kids and this house is a big step up for them. It's a 4 bedroom with a full finished basement on a quiet cul-de-sac with a largish yard with lots of plantings for privacy. So instead of doing a remote closing my wife and I went ahead and attended the closing with the buyers. It went well and I don't think there'll be any issues. I don't have any qualms about the house because we took good care of it and the buyers seem to have a good head on their shoulders and will be able to deal with the things that inevitably come up in home ownership.