If you can move quickly and want a home in Sebastopol

7455 Blossomwood came on the market today as a short sale at $375k. They need an accepted offer by monday to stop the foreclosure (No dual tracking any more). This is a 1980 built 3494 Sq Ft home on .24 acres.4Br,4Ba. It’s a good in town location and reasonably walkable. Blossomwood parallels Jewell and the lot backs on to Jewell, which is pretty busy at some times of the day. This is one heck of an asking price and I suspect it will go for $100k more, although it will take a cash buyer. It’s priced to generate quick offers and it’s definitely worth a look at $475K.

Update: The price of this home has been raised to $425K. It needs a good deal of work, but it’s still a very good buy at this price.

Further update: This home went into escrow at 1:33 PM today for $425K.

When I look at the homes sitting on the market here I wonder how long it will take the sellers to realize that price is the problem. If you price just a little below where you think the market price is, you are very likely to get multiple offers and a higher sales price. And that’s without considering the carrying costs.

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Tom Stone

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Real Estate Agent

(707) 364-2477

StoneForHomes@Gmail.com

Creative Property Services

Sebastapol, CA

DRE #:01479497

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About Tom Stone

I am a Broker Associate with Creative Property services (CPS) in Sebastopol Ca. My father was an Appraiser and expert witness based in Oakland Ca for many years and I grew up having the basics drilled into me. I enjoy what I do and I am good at it. I managed income property in Oakland for a number of years and was licensed to run a collection agency for more than a decade. I have also worked as a credit manager and as the senior collector at the test center of a Bank . I have been commenting for years at "Calculated Risk" and on other Real estate Blogs including the defunct "Sonoma Housing Bubble" Blog. The best job title I ever had was "Chief Garbler". My Email Address is "StoneForHomes@Gmail.com" and my cell # is (707) 364-2477, please don't call before 7 AM or after 8 PM unless we have a deal in progress.


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