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what does it mean when a house was sold for $1?

  • August 14 2012 - Winchester
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Answers (1)

Profile picture for sunnyview
$1 sales are generally family transfers due to death, divorce or the property being transfered into a living trust. They are not arms length sales so Zillow does not include them in the Zesitmate numbers and appraisers do not use them for appraisals.
  • August 14 2012
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