Quote:
Originally Posted by Poppinjay
We're buying a house that's $25k worth more than what we paid, and sold to us for $155k less than it sold for a few years ago, to stackers who foreclosed. It was bought by an investor who gutted it and renovated, and put it up for conventional sale.
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I'm always puzzled by statements like this.
How do you know it is worth $25,000 more? Do you have an offer to buy now at that higher price?
Wouldn't the seller have sold it for that higher price if there was an offer on the table?