Bobby, they are on the same street, only about five or six houses from each other, so it’s the same neighborhood. It is the same model and sq ft, often times you can have rooms made into offices or two into one large room, I’m sure that’s the reason one is a 5 and the other a 4.
Bugs and PD, I think you are both right. They can’t hold on forever and they can’t expect the prices to rise as the lawns get browner.
Rustico, Thanks, I try.
Two more, same street, sq ft and model. The repo is priced 175k below the non repo. Granted the non reo has a cool pool but they have the same view, are about eight houses apart and of course the repo will need some sod. There were three repos on the street for about 550K each and a few owner occupied listed at about 700k each. I think this is evidence that the must sells are being forced to move prices, it’s almost July and if you aren’t getting any offers you are about to miss the summer selling season.
