It was full price (though we basically made up a price since we hadn’t actually thought about it beforehand) and it was from another NACA buyer, which we love. This is the same agent (he works for NACA) who sold The Unexpected House and The Leak House for us (and maybe another one that I’m not thinking of).
In terms of the contract price, it was the same price as we originally had The Unexpected House under contract for, but that one appraised for a few thousand less. This one is right across the street from that property, so I expect this one may appraise for less as well — I have a feeling the buyer’s agent knows this too, and knows we’ll reduce the selling price if the appraisal comes in low, which is why the selling price wasn’t much of an issue either way.
While the buyer didn’t ask to have any input into the renovation decisions, we’re going to give him the opportunity to at-least choose his own paint colors (inside and out) and perhaps we’ll find some other opportunities to let him customize. We’ve told the buyer that we’ll be finishing up the rehab by the end of the month, so there’s some pressure to keep on schedule with the renovations; but assuming everything goes as planned, this one is now scheduled to close by the end of July.
Of course, a lot can go wrong between now and then, but we’re hopeful the buyer will stay committed and we’re confident we can deliver on our end…