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Looking For A…, Other/Just Looking in Stafford, VA

Can anyone explain this?

Asked by Looking For A New House, Stafford, VA Fri Dec 5, 2008

We're keeping an eye on a house. Original owners put it on the market for a ridiculous sum. Relocation company entered the picture and priced it $126K less than owners ( better, but still too much for us). Still watching it because of the market, and because it is still sitting empty (apparently only one offer in 120 days). According to public records, the relocation company paid $48K more fro the property than what they put it on the market for. How can that be?

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Usually a Relo company will buy a home if it doesn't sell in 6 months from the seller. This is the deal that the Seller and Relo worked out. I am selling a home right now with a Relo Co. The Relo co is going to by the home from the seller then sell it to my buyers.
Hope this helps.
J.
0 votes Thank Flag Link Fri Dec 5, 2008
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0 votes Thank Flag Link Fri Dec 5, 2008
Looking,

There is probably an agreement between the Relo company and the company the former owner worked for that took this into consideration.
0 votes Thank Flag Link Fri Dec 5, 2008
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