[quote=sdrealtor]least one agent didnt stand up at the weekly meeting asking if anyone knew about a 1 story real ocean view home w? at least 2000 sf coming up. It is unquestionably the hardest to find and hottest commodity out there. You put that house on the market as an equity sale at $1M, clean it up a little, make it easy to show and within 30 to 60 days it would have sold.
[/quote]
Agreed. Now, this isn’t an equity seller. No body is cleaning it up. In fact, it’s getting quazi-stripped. It isn’t selling in 30 to 60 days. It’s not easy to show. The seller doesn’t care. It may not sell at all cuz the bank or 2nd says screw-it.

And… $720K probably isn’t the real price.

BTW, (not a dig) but I’m assuming none of your three that would put an offer in did. They didn’t see it. They weren’t actively looking. No standing search for it?

Clean it up and make it an equity sale at a $1Million? Then $720K plus 2nd kick, replacement high end pool BBQ, appliances and lipstick for the pig will give a flipper about $100K profit on their $850K investment gamble.

Can the system be gamed? Heck yeah. Does the MLS tell the story – hell no.

It could be a pocket listing.
It could be stupid banks.
It could be rougher than anybody thinks inside.
It could be a huge second that took a bath that could buy out the first.
It could be a straight up deal that if you didn’t hit day one had a dozen people in line.

Would I buy it at a $720K, yeah. Could it sell for a million, yeah, as you said dressed and equity seller.

Would your buyers buy it missing the pool BBQ island, the appliances and probably missing the normal beautiful home gloss and looking kind of piggy?

How much? Much much they willing to go knowing it’s $720K to clear the first and not knowing how much to clear the second and they’ve got some pig slop to clean up?