Weird sales price for real estate Q

[oink]

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Originally posted by Yurtgirl
When we bought our property it was noted as being bought for $10 to the public record. I was told by the escrow company that this was to protect our private financial information and thought it sounded like a good idea. Perhaps that is where they're getting their info?

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That sounds like it could possibly be a case of criminal tax evasion. But what would I know!

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quote:

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Originally posted by Kathy H
Here's something weird I saw today, a home had been for sale for 874 days, 2 1/2 years. It was listed at $1,250,000.00, and it sold for 25,000 over asking.

The only way I can see that happening is if they did a price reduction and then had multiple offers.

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There are other possible explanations. The most innocent of which I can think of off hand would be raising the price if the seller is holding the note for the buyer. I would think some of the other explanations would be less likely in todays mortgage market.

Pua`a
S. FL
Big Islander to be.