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Posted: February 27th, 2020
The area of value and contributing factors in a property, assignment help (2 paragraph answers)
Question description
n Chapter two the lesson takes us into the area of value and contributing factors. In the following example an individual has purchased a home near the ocean in Half Moon Bay,CA for 500,000 and has a swimming pool installed at a cost of $30,000 and then unexpectedly, their employer transfer them to another state causing the home to be put on the market for sale.The price the seller lists the property for is $530,000, however after a reasonable amount of time, the best offer received is only $480,000 with the buyer stating that the pool is undesireable in that area due to the cool weather and they are actually offering a lower price because of the pool!What principle applies to this situation?How might you have avoided such a problem in the first place?
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