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Patrick
@
2012 Oct 16, 3:24am
Patrick
@
2012 Oct 16, 3:24am
The place had seven offers
Did you actually see the seven offers? If not, how do you know they exist?
Should you base the biggest financial decision of your life on the honesty and integrity of Realtors®?
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I just got back from looking at places in Sebastopol. All five places were between 3 and 10 acres, prices ranged from $720K to $900K. One was great ($720K), had everything I've been looking for and when I called to see if there were any offers, I found out it was a classic lowball opening price. The place had seven offers, but I was welcome to bid on it and join the feeding frenzy!
The spring market this year was way overpriced, and I thought by waiting until fall there might be listings closer to what I believe is reality. But lots of folks want to live in Sebastopol, and money isn't an issue, apparently. One of the houses I saw had just sold to a couple with two other properties -- one in NY and one in SF.
I've been looking in Sebastopol for a long time, and I think this is it for me. It's too close in, making it a weekend retreat for people from the the Bay Area, and too much money is chasing places that aren't worth what people are paying for them. Just saw this story in the Santa Rosa paper today:
http://www.pressdemocrat.com/article/20121015/ARTICLES/121019696/1350?Title=Sonoma-County-home-sales-prices-climb-4-&tar
Parts of Mendocino County are pretty nice...
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