Price, price down, price up again? Huh?

Yes, well that does bear some explaining. The price of my listing at 4021 Edwards Ave. just went up. Let me explain why. Our original price of $449,000 was simply not working. Market conditions are such that it was not attracting buyers. We lowered it to $389,000, with the disclosed caution that this would be subject to the approval of a "short sale". Please see my earlier article "A Short Sale In Not Discounted Beachwear". We did get some interest at that price, but the lenders, particularly the holder of the 2nd deed of trust, did not co-operate. We now have worked out a plan that will allow us to avoid the uncertainty of a "short sale", avoid foreclosure, and to offer the property at a reasonable price to the buyer. $417,000 is a special number. It is the upper limit of conforming loans. Loans that are most available and affordable. Loans that can still be made in "zero down" or "100% financing" situations. The seller has taken a bold step, at considerable expense, to create an environment that is both friendly to the buyer and offers himself some relief as well.