Expert answer:The property price of a house, assignment help

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Answer & Explanation:The following example is a individual that 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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