Quote:
Originally Posted by frayedends
There is a resale house in Lake Denham that was listed recently for something like $865. I believe it was originally sold about $640 in August of last year. Not sure how they are getting by the 1 year issue unless it doesn’t close till then. No pool was added and not a lot of upgrades were visible on the outside nor inside from the listing pics. It’s 2274 sq ft. Never lived in as far as I can tell. It’s already under agreement and I was very surprised. I thought there was no way they would get that much. It went under agreement quick so I assume they got close to asking. View/preserve sites are apparently already profitable even while interior homes are being discounted.
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No one knows what additional money the owner invested to spruce up the home. WHO owned it was also not mentioned. This makes a HUGE difference. An ordinary homeowner may not get this type of rapid increase. Not a good idea to count on huge profits until you know all the facts. A knowledgable investor may have had a buyer in his back pocket throughout the building process.