Home Buying in Hampton>Question Details

M, Both Buyer and Seller in Hampton, NH

Assesors Database and sale price

Asked by M, Hampton, NH Thu Mar 26, 2009

The Hampton Assesors database listed a recent Dunvegan Woods property as being sold for 90,000, well below what they are normally sold for. Did these people get an amazing deal or is there another explanation?

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Foreclosures and short sales sell well below assessed value. Actually there are MANY homes selling below assessed value, that aren't in the distressed category in this market. Keep in mind you can transfer property to a relative for $5 if you want to. You can't always go by assessed value. You have to see the home, know the neighborhood, assess for flaws, etc.

Good luck.
0 votes Thank Flag Link Mon Jun 7, 2010
Checking through Nneren/mls for sales in Dunvegan Woods from 1/1/2008 to present the lowest sales price is $177,500. If you have the address i can look it up by that for you, but from searching Dunvegan Woods this is what comes up. It could alos be a private sale, sale to a family member or in or out of a trust that would mean it is not a true market price. So if they bought it for only 90k it is a heck of a deal.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Mar 30, 2009
Sounds like maybe they did. Could have been a forclosure also. SOmetimes people sell to family members at steep discounts also.
Web Reference: http://www.justlistednh.com
0 votes Thank Flag Link Thu Mar 26, 2009
Hello M,

Sounds like an amazing deal.

Dane Hahn
0 votes Thank Flag Link Thu Mar 26, 2009
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