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Old 09-08-2014, 05:23 PM
mtdjed mtdjed is offline
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Originally Posted by TraceyMooreRN View Post
Be careful with the "discount". You think that house sold at 450,000 with 50,000 discount is still valued/appraised at 450,000-- It is not. Happened to us with our new home in Gilchrist. "Discount" doesn't mean it will appraise for the price before the discount.
The home was never worth $450,000. That was the wish plan as they establish an image of value due to Golf course location, pond location, near the Town Center, etc, etc. But we buy for the lifestyle. When most homes are sold in an area, the discounts come out for the stragglers which were not sold. TV is not selling at a loss but reducing the premiums they attempt to market so they can move on to the next area.