I'll be curious to find out what really is behind this unit.
1) It could be seller is trying to sell $599-$669k with original purchase price of $494k.
or
2) $599k short sale, because of a $494k and a $150k second loan.
The former is hardly considered a desperate seller. The latter would be a desperate seller.
If I would bet money on it, I would say it's #1 more likely than #2. Furthermore, I'd bet that the couple would would rather rent at a loss versus take a bath in the sales loss. Hence, the hanging on to dear life expression i said in another thread. I'm not saying it's smart or dumb… You just have to understand the culture.
I'll bookmark this to see which way it entails. even at $600k, this home is still ridiculously overpriced per sqft…Don't know if any of you noticed, but it's around 1600sqft….
