Quote:
Originally Posted by Descant
I'm very curious where these buyers are from--That's a huge overbuy and would add considerably to the down payment if a mortgage is involved because of the loan to value ratio requirements Can 't see that somebody local would be in a rush to move, at least not a $200K rush. Of course, that buyer info isn't easily available in many cases.
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How do you know it was an "overbuy" and not a property that was priced too low?
How do you know the value was low without seeing an appraisal?
What difference does it make where the buyers are from?