What is the deal with houses like this?
Mar 24
30 Comments
New to this housing market.
But can someone please explain how does this situation take place
This is a prime area. None of the house near our are listed anywhere close to it. How did this mamage to sell for 1.4M when even the redfin estimate is 2.3M
https://www.redfin.com/WA/Bellevue/14695-NE-16th-St-98007/home/501728?utm_medium=share&utm_source=web_share&utm_campaign=native_dialo
https://www.redfin.com/WA/Sammamish/421-210th-Pl-SE-98074/home/267212?utm_medium=share&utm_source=web_share&utm_campaign=native_dialog
Not only this, I can see several houses which sold below the market rate. What am I missing?
comments
A family member did this recently. Probably got 10% less than market value, but no cut to the real estate agents, no showings, buyer waived all inspection contingencies, etc.
Also Redfin estimates are often very wrong. I see it every single day.
However it being sold for 1.4M was a shocker if the date is 1/31/22