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Answers (6)
- Diane Riel, "rielestate"
- Contributions:51
The sale could be to either someone handling the affairs of a deceased or a person or person(s) that have set up a legal trust to buy/sell/hold property in the trust name for legal and tax purposes. Frequently one sees interfamily transfers (between family members).
- Sam Shueh
- Contributions:379
It means literally the family or whoever has established a trust to avoid paying probate. It had nothing to do with low sale price.
Many high priced homes are sold or purchased by Trust...
Many high priced homes are sold or purchased by Trust...
- maksim
- Contributions:5
nope, doesn't seem this way:
6306 Desert Flame Dr, sell price $400,000
2096 sq, Bentley to Bentley Trust
to compare:
21317 Bertram Rd., $430,000, foreclosure, just 900 sq
this is not a normal sale, but what is it, for the educational purposes...
6306 Desert Flame Dr, sell price $400,000
2096 sq, Bentley to Bentley Trust
to compare:
21317 Bertram Rd., $430,000, foreclosure, just 900 sq
this is not a normal sale, but what is it, for the educational purposes...
- Tristan Celayeta, "Tristan Celayeta"
- Contributions:400
Probably the listing agent has priced it below market in order to stimulate multiple offers. It is becoming a common technique for quickly turning listings.
Price a property at $100K less than comparable listings and you can expect multiple offers. A blanket counter offer to all those who bring offers will likely cause some or all of those buyers to "step-up" and the net to seller may be higher, plus it is more certain of getting a property into escrow(it sells faster).
Price a property at $100K less than comparable listings and you can expect multiple offers. A blanket counter offer to all those who bring offers will likely cause some or all of those buyers to "step-up" and the net to seller may be higher, plus it is more certain of getting a property into escrow(it sells faster).
- maksim
- Contributions:5
that may be so, but in some cases I see x2 price lower then even foreclose, house cannot sell for 300-400K in the area where regular house sell for 800-1M unless this is some kind of under the table deal.
taxes minimization?
taxes minimization?
- Gwendolynn A. Van der Zyppe, "Frogpond"
- Contributions:485
In general, if the owner is a Trust, it is usually an estate. If the heirs want to sell a home quickly, the price may seem lower than similar homes. It could also be reflective of the condition of the home.
why I see very low sale price, usually someone to "Trust of someone"
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