We are all aware of the housing/credit meltdown both nationally, but mainly here in So Cal.
Every week, I will try to bring selected homes that would be of interest to you.
While searching the available houses in the market, we could see many sellers that are still living in a dream. We all hear about those "poor" homeowners that are losing their houses and getting thrown to the streets...while some homeowners indeed suffer major losses both financial and emotional, other home owners either by luck or wisdom managed to sell in time, and cash enormous amount of money. Nobody today hardly mentions that, so i will try to pick up the task and bring those "winners" for your recognition!
I'm spending major time in particularly the west San Fernando valley so most of the properties would be local to that area.
Since i find this to be very informative to both today's buyers AND sellers, stay tuned and enjoy the show.
Additionally, those that are not potential buyers or sellers could still benefit as it provides a great amount of entertainment...if you know what i mean.
03/14/2008 House of the day:
23747 Canzonet St. Woodland Hills, CA 91367
According to public records, this nice property was purchased in Mar 21, 2007 for $1,250,000 and asking price today is $900,000. That is a $350,000 below last year purchase price...or 28% reduction if you wish.
What do you think it will sell for?
Did the seller overpaid just less than 12 months ago...
Summery:
Sold Sep 02, 2005 $901,000
Sold Mar 21, 2007 $1,250,000
Zillow zestimate $1,105,000
Asking price:
Feb 07, 2008 $985,000
Mar 07, 2008 $925,000
Mar 14, 2008 $900,000
Smart Casher made $349,000 (or 39%) in about 18 months!
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