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Market Conditions in 52004 : Real Estate Advice

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Activity 2
Mon Oct 17, 2011
Savvybuyer asked:
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Thu Feb 3, 2011
Thomas Schrobilgen answered:
I believe what happened on that property is as follows : The original buyer bought a run down building for $94k and restored it to near original state ( building is in a historic district ) and resold it in almost new condition for 360k. The buyer then was foreclosed on and the building was resold at a sheriff's or tax sale for 206k. The first-time homebuyer credit from last year accelerated sales in this period last year thus skewing the numbers for this year. ... more
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