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Answers (4)
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
Crazy good deal ? Sure enough, public records does show the last transfer was $50,000, though another one recently sold for $315,000. Sometimes transfers happen for private reasons, reasons we will never know. This home is not worth what it last transferred for, so dont worry. Value more like $315K - $375K.
A good idea is to GOOGLE any property in question. Googling this property shows it was NOT listed in any MLS, hence it was probably a family or friend transfer, ie I owe you $300K so sell it to me for $50K and we will call it even....
Transfers like this one WONT bring down the value of your home since they do not represent market value.
A good idea is to GOOGLE any property in question. Googling this property shows it was NOT listed in any MLS, hence it was probably a family or friend transfer, ie I owe you $300K so sell it to me for $50K and we will call it even....
Transfers like this one WONT bring down the value of your home since they do not represent market value.
- Ofe Polack, "Ofe Polack"
- Contributions:1417
If you are truly intersted in the property contact a local realtor and ask them to provide you with the MLS and explain to you the reason for the pricing.
- THE Aloha Team Erin Martin, "AlohaTeam"
- Contributions:132
I suggest having a Realtor in the area pull up the MLS sales sheet and tax record. The sale price may be an error.
- Natalie Feldman, "nataliefeldman"
- Contributions:254
Many of the estimates on Zillow are just that, estimates, they are not always entirely accurate and may have misguided information. Ask a realtor for comparables on the property, that will give you the most accurate valuation of the value of the property.
How can a KWV home, no timeshare or foreclosure, have a 375 K Zestimate and sell for 50K?
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