This is how things are going this summer: 638 N. Spring Street was listed for sale on Friday July 9 at $649,900. The sale closed on Thursday July 22. That’s crazy fast. These days, it’s amazing even to schedule a home inspection that quickly. In more normal times, you might see that kind of speed when run-down rentals are being kicked around from from one landlord to another. But a high-end property? Forget it.
Another surprise: The sellers accepted an offer $15,000 lower than their asking price. That’s not unheard-of, though, even as many sellers are getting $20,000, $30,000 or even $50,000 more than they’re asking. A number of sellers recently have started out courageously pushing the upper limit of their neighborhood’s home prices, only to quickly receive a reasonable offer and decide, “Close enough!” A slightly lower price and quick closing may be worth the assurance that the house you’re selling won’t eat even one more mortgage payment.Continue reading “From Listing to Closing in Two Weeks: The Douglas House, a 1907 Mansion in Winston-Salem”