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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3
Jeff Kessler, Agent, Austin, TX
Fri Dec 5, 2008
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
Dallas Texas, Agent, Dallas, TN
Fri Dec 5, 2008
Relo's are another great opportunity for a home buyer to purchase a property. Have your buyers agent due further research on your behalf. http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference:  http://www.lynn911.com
0 votes
Bill Eckler, Agent, Venice, FL
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.
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