Author Message
Guest
PostPosted: Wed, Apr 9 2008, 10:54 am EDT    Post subject: Re: Cranbury home for $1?

Yes, these are simply transfers and I think its usually $1 as that is probably the smallest amount you can transfer with.
toenailcake
PostPosted: Wed, Apr 9 2008, 10:49 am EDT    Post subject: Re: Cranbury home for $1?

Perhaps, it was a birdhouse?
yes
PostPosted: Fri, Feb 15 2008, 11:44 am EST    Post subject: Re: Cranbury home for $1?

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.)
Guest
PostPosted: Wed, Feb 13 2008, 11:15 pm EST    Post subject: Re: Cranbury home for $1?

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.
Guest
PostPosted: Wed, Feb 13 2008, 9:38 pm EST    Post subject: Cranbury home for $1?

I saw some houses sold for $1 in pshark.com. I would like to buy a dozen! Why did the owners sell for $1?