Old Jefferson Katrina Home Buyer in $160’s in 2007 is losing $32,500 selling AT Market Value in 2013! Sometimes What Goes Up Does Come Down! What Are The Lessons To Learn From This Homeowners Lose?
1.) BUYER WAS NOT UNDER ANY PRESSURE IN 2007 TO OVERPAY!
This Post Hurricane Katrina Buyer purchased in 2007 and was not in immediate need of emergency housing right after Katrina. In order words, this buyer wasn’t under an immediate need to overpay for a home as many were in the weeks and months after Katrina.
2.) BUYER OVERPAID IN 2007 BY $10,000!
This buyer paid $10,000 more for this home than other comparable homes were selling for in Old Jefferson! Why?
The Buyer Overpaid, Period, and the home wasn’t in an updated or renovated condition at time of purchase.
3.) FOR 2007 SALE, HOME WAS NOT PROFESSIONALLY PRICED!
In 2007, Buyer purchased from an individual seller and home was not professionally priced by a local Agent nor an Appraiser I assume based on 39 Old Jefferson Home Sales in 2007.
See on activerain.com