whats with this property 66 gresel st hayward,it had price reduced and now price increase in less than 2

Jen
Home Buyer
Daly City, CA

months,whose gonna buy this for $375? why they do this, i look at property history a lot. im confused.

Answers (2)
John Juarez
Agent
Newark, CA

Jen,

This property is still listed as Active on the multiple listing service.

Are you interested in seeing it?

Wed Oct 14 2009, 23:04
Carl Medford
Agent
Fremont, CA
FIRST ANSWER

Jen:

This property has been on the market a VERY long time. If an asset manager believes that the listing agent cannot sell a specific property within a stated period of time, they will often pull the listing and assign it to another company. That is indeed what has happened in this case.

The banks and their asset managers set the prices at which properties are listed. The bank evidently wanted to try and get more for this specific property.

Thu Sep 3 2009, 08:02

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