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Thomas Musil Real Estate Queries Column.(Column)
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Real Estate Queries Column (Tom Hamilton)
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September 27, 2007
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Copyright informationCOPYRIGHT 2007 Real Estate Queries Column. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Thomas Musil
Sep. 27--QUESTION: I read your article on real estate auctions. I found it very interesting from a seller's point of view. Our home has been on the market for close to six months now. We are in the Central Coast area of California, in Prunedale, about 50 miles south of San Jose. Our house is nine years old -- we bought it before completion. The land area is "approximately" 1.19 acres, all of which is irrigated, either by sprinkler or drip irrigation.
Here's the problem. I'd guess about four and a half hours after we listed our property California real estate values began their plummet. After an initial appraisal, we priced the house at $1,050,000. ...
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