waitingtobuy there is quite a history on this home. It is broker owned. Basically the guy has been listing this home for over a year now.
3/30/05 – 8/4/05 he had it at 775 and lowered it to 725-745k
2/21/06 – 5/20/06 he had it at 699k and lowered it to 670-685k
4/4/07 -6/3/07 he had it at 697 and lowered it to 675k and then he withdrew it.
Then he relisted it on 6/7/07 and he listed it at 709-737k. Then on 6/22 he changed the price to 547k and he put in the following comments:
“Home will be sold to the highest most reasonable bid this weekend only….then in the confidential remarks… “Broker Owner; Sale price for this weekend only! Buyers must add Agent’s commission on top of thier winning bid. Open House/Auction June 23 & 24 12-5pm.”
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So he is now in escrow… I am not sure what this guy owes on the home. He has a mortgage for 475k in 06 plus a 30k private party loan after that. There are some other small private party loans prior to the mortgage so I don’t know if they were paid off or not.
It will be interesting to see what he gets for this home. Looks like his auction worked. Also looked like he was quite unrealistic in all his previous pricing.
