Friend just picked up a house for $100,000 last week. Closed on escrow on another for $127,000 four weeks ago. Both houses new, all the amenities. The one at $127,000 has pool, spa, tile floor throughout, granite, all new appliances, three year old house. 2,200 sq ft. Tile roof, modern construction. View lot.
What would be the motivation for blowing smoke (making up these numbers)?
A house we were going to offer on at $260,000 less that six months ago would have been a big mistake at that price and it seemed like a steal then. It has the most spectacular view of the city lights, big house, pool, spa, big yard, great potential. Now it is worth $150,000 to $160,000. At the top of the market it was $450,000+
This sounds way too good to be true. At prices like this, it would be an instant sellout around here. Who would take these kinds of losses.
The motive would be to tell your friends you got an incredible deal ... Happens all the time in the real estate business.