Monday, December 24, 2007

Donna Bushno

Donna Bushno, Seller
Sellers still have extremely unrealistic expectations about the value of their homes--as if it's some sort of entitlement because they are "home owners". Mrs. Bushno has a lot to learn about the Housing Bubble. She would do well to read Housing Panic. In the absense of 'free money', people need to be able to afford their homes. Just ask the Oropezas or Coffmans about 'free money'.

Unsuccessful home sellers trying their hands at sales
Donna Bushno doesn't have to sell her Ventura home, but after 35 years she wants to downsize. "It's time to move on," she said.

She and her husband put their three-bedroom, two-bathroom house on the market in July for about $569,000. After 30 days, they cut the asking price to $549,500. After five months and no bids, they dropped their Realtor and are now trying to sell the house themselves.

"It's taking sellers awhile to understand the new reality," he said. (Yes it is.)
Here is where the Bushnos live. Can you believe the 'Owner's Estimate' at Zillow?
1800 Savannah Ave
Ventura, CA 93004-3113

3 beds, 2.0 baths, 1,438 sq ft
For Sale: $549,900

Owner's Estimate: $628,320 LOL
ZESTIMATE®: $465,395
ZESTIMATE®: $443,006 12-18-2007 They better hurry!!
Tyrone-Est®: $275-300K
Ventura County Assessment: $53,912

1754 Potomac Ave Ventura, CA sold on 4-18-2007. More sqft for much less.
3 beds, 2.0 baths, 1,603 sq ft
Recently Sold: $469,000

No comments: