I follow this micro-market area, and I have to say this MIGHT work out for him. Not many houses for sale in the immediate area, and its a nice area- there is a little private swim/tennis club right there and a very good elementary school around the corner. He might get lucky and find a buyer concerned about things other than price.
It quickly sold just this July for $825K. Its one of those scary original 1960’s never rehabed places that the original owner apparently died in.
It was then listed again almost immediately for $899K- with apparently zero work done to the place. Even most of the MLS pictures are the same as last time. The only difference is the owner/agent (yes, a realtor bought it) is offering plans for a remodel in the sale price this time. I just can’t figure out the logic on this one at all.
