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Guest
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 Posted: Wed, Feb 13 2008, 9:38 pm EST Post subject: Cranbury home for $1? |
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| I saw some houses sold for $1 in pshark.com. I would like to buy a dozen! Why did the owners sell for $1? |
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Guest
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| Posted: Wed, Feb 13 2008, 11:15 pm EST Post subject: Re: Cranbury home for $1? |
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| Guest wrote: | | I saw some houses sold for $1 in pshark.com. I would like to buy a dozen! Why did the owners sell for $1? |
I've seen this data on PShark and other sites that show recorded sales. My guess is they reflect some combination of estate transfers and/or refinancings. |
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yes
Guest
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| Posted: Fri, Feb 15 2008, 11:44 am EST Post subject: Re: Cranbury home for $1? |
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| We sold a home twice for one dollar in our family. One time it was a death and another time it was a friendly divorce. We also have friends that sold a home worth over 700,000 for 100,000 to their grandson's family. The price they had paid. So these sales need to be thrown out when doing comps (as anyone would imagine.) |
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toenailcake
Guest
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| Posted: Wed, Apr 9 2008, 10:49 am EDT Post subject: Re: Cranbury home for $1? |
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| Perhaps, it was a birdhouse? |
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Guest
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| Posted: Wed, Apr 9 2008, 10:54 am EDT Post subject: Re: Cranbury home for $1? |
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| Yes, these are simply transfers and I think its usually $1 as that is probably the smallest amount you can transfer with. |
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