What’s old is new again, house-wise
This might sound like deja vu all over again, to invoke one of those timeless Yogi-isms, but I have a contract on my house. Of course, that’s the same thing I said in February, when a previous offer on my house prompted me to write these words:
My long odyssey through this historically depressed housing market may now be over (providing the buyer’s financing comes through and the second thoughts don’t rise).
Yes, second thoughts did indeed rise. As it turned out, my long odyssey had another seven months to run. But I now have another offer in hand, and things have advanced to the point where a home inspection has been completed, a closing has been set, financing has been arranged, and the buyer (who I met today) is eager to settle in. All I have to do is clear out.
Where am I going? Not far — I’ll remain in Raleigh. (Consider that your warning.) But where I once was a seller I’m now a buyer, and in this particularly lamentable moment in the housing market, that’s the difference between being a beggar and a tycoon. So the next step might be something close to fun.
By the way, I’ll share my hard-learned lessons about real estate in the October issue of Business North Carolina magazine. Consider that another warning.