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Home listed $450k above market value??

Posted on 6/26/20 at 12:36 pm
Posted by MsBhamTiger
deep south.
Member since Mar 2020
307 posts
Posted on 6/26/20 at 12:36 pm
LINK

This home is listed for $750k. You can see from the pictures it’s your basic builders grade DRHorton. Nothing in this neighborhood sells for over $350k and this is one of the bigger homes. We’ve tried contacting the realtor with no response. Now the funny thing is there is a home for sale at a similar price with the same address in Shreveport. I don’t see how a realtor could get this mixed up but it’s worth noting.

I’m not a realtor myself but I am familiar with the area and nothing there sells for that much unless it’s a maxed out custom built home with 3+ acres and horse stables. Also, not the best schools so you can get a pretty big home under $300k easy.

This home should be somewhere between $270-$299 tops as there are similarly sized homes in the back that are completely updated with more modern exteriors selling in the low $300s.

Anyway- the pictures are so horrible it looks like a joke.

Thoughts?
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 6/26/20 at 12:36 pm to
quote:

Thoughts?

Don't pay asking price
Posted by greenwave
Member since Oct 2011
3878 posts
Posted on 6/26/20 at 12:37 pm to
Ha yeah that house is not 750k. Thing looks cheap AF.
Posted by Teddy Ruxpin
Member since Oct 2006
39588 posts
Posted on 6/26/20 at 12:37 pm to
The number sometimes gets fat fingered when loading the listing.

But 7 days it should have been fixed if they are paying attention.
This post was edited on 6/26/20 at 12:39 pm
Posted by VADawg
Wherever
Member since Nov 2011
44917 posts
Posted on 6/26/20 at 12:37 pm to
If someone buys at that price, it's a possible money laundering scam.

If it isn't an entry error, they likely are targeting a specific buyer. That's how money is laundered through real estate deals.
This post was edited on 6/26/20 at 12:42 pm
Posted by Hamma1122
Member since Sep 2016
19831 posts
Posted on 6/26/20 at 12:38 pm to
Home is worth what someone will pay
Posted by rattlebucket
SELA
Member since Feb 2009
11456 posts
Posted on 6/26/20 at 12:38 pm to
Bingo
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35248 posts
Posted on 6/26/20 at 12:38 pm to
Money laundering.
Posted by BayouBandit24
Member since Aug 2010
16577 posts
Posted on 6/26/20 at 12:38 pm to
How else can they give someone a steal at 40% off? It’s the department store strategy.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 6/26/20 at 12:39 pm to
quote:

Thoughts?


Mind your own business.
Posted by Bjorn Cyborg
Member since Sep 2016
26827 posts
Posted on 6/26/20 at 12:39 pm to
Houses are mixed up. Probably a data entry error
Posted by RummelTiger
Texas
Member since Aug 2004
89889 posts
Posted on 6/26/20 at 12:39 pm to
Doesn't sound like it would ever appraise, so no sale.
Posted by 14&Counting
Eugene, OR
Member since Jul 2012
37657 posts
Posted on 6/26/20 at 12:41 pm to
quote:

Thoughts?


No way a house like that is worth $750K in fricking Leeds
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35248 posts
Posted on 6/26/20 at 12:41 pm to
Maybe it comes furnished.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
2670 posts
Posted on 6/26/20 at 12:42 pm to
WGAF? It’s been listed 7 days, maybe they’ll lower the price for you next week.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 6/26/20 at 12:46 pm to
I wouldn’t pay $250k for that house to live in Leeds. If that was in Madison that’s a $450k house.
Posted by MsBhamTiger
deep south.
Member since Mar 2020
307 posts
Posted on 6/26/20 at 12:53 pm to
That was my guess too. Lol.
Posted by Box Geauxrilla
Member since Jun 2013
19118 posts
Posted on 6/26/20 at 12:54 pm to
On the bright side, if you do buy it, the entire OT now knows your home address
Posted by MsBhamTiger
deep south.
Member since Mar 2020
307 posts
Posted on 6/26/20 at 12:54 pm to
Okay, Karen.
Posted by Box Geauxrilla
Member since Jun 2013
19118 posts
Posted on 6/26/20 at 12:56 pm to
Looks like it sold in 2017 for $280. Just 3 years ago, has to be an error
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