Friday, March 13, 2009

Interesting Twist on Selling

Huge Price Reduction?

This looks like a very nice home in San Martin although the location is very close to Monterey Road. This 5 Bedroom/3.5 Bath home has 4400 square feet on 2.5 acres with a 4 car garage and is only 8 years old. Originally listed for $1,488,000, they just reduced it to $799,888 which puts it at about $181.79 per square foot. Sounds like a very nice single story with lush landscaping, iron gate, gourmet kitchen, hardwood floors & the works. If the location doesn't bother you then this is a great deal.

One thing to think about is resale. In this kind of market, Buyers are not forgiving about location, overhead wires, etc. so this wouldn't be a good buy unless you were planning on staying a while.

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