Now it can be told

I mentioned 420 North Street earlier this week as an example of how to price and sell a house in our depressed market, but didn’t disclose the location because its listing agent, Ellen Mosher, hadn’t officially reported it as having an accepted offer. Now she has. The owners (and Ellen, probably) decided to ask $80,000 less than they paid for it in 2003, so the price was $2.795. Good move, because it sold almost instantly.

Now you may or may not like this house or its location. I did – tolerable road noise because of where it sits on the property and a great layout inside – but regardless of my personal taste, I know the inventory in the $2.5 – $3.25 price range and 420 North was clearly one of the best. At least two buyers agree with me because there is both an accepted offer and a back-up one. If by chance you have a house for sale in this price category and it hasn’t sold, you may want to meet again with your agent and discuss your competition because obviously, at least two buyers preferred this instead of yours.