There are listings and there are listings, some sell really quickly, others languish on the market. Still others need to be sold TWICE for some reason. But overall, everything sells eventually.
It's the unpredictability of each listing that makes the real estate profession so interesting. No, I am not talking about the market where a listing will sell in a weekend no matter what--because of little inventory. My markets aren't like that.
The listing that closed today had two buyers. This is a listing where the owner had meticulously remodeled the house What he had not done, is gotten a pre-sale home inspection that could have pointed out some problem areas. Well, the first buyer used the inspection contingency to get out of the contract. Never mind that the contract was based on the buyer selling her house--which looked optimistic at the time but didn't work out. By the time the second buyer showed up, the seller had fixed the issues on the home inspection report and here we are today: SOLD.
Here's a listing that "sort of" sold within a week but we didn't get a pre-qual letter and, in the meantime, a second set of buyers has showed up--with cash. However, the seller still wants to work it out with the first buyers. Stay tuned!
On this listing, the buyer didn't come through with the Earnest Money Deposit the first time around. It got even stranger, the buyer wanted to renegotiate a new Purchase Contract and go into escrow again. Hey, once burned, twice shy!
But there's another saying in real estate, "never say never"!!