Sometimes I have to chuckle. Its not that I am laughing at someone or behind their back, its more like I am laughing at the situation. Do you know what I mean?
In June, I posted about a house that was in foreclosure and was heading right to auction. More Ironically, I knew the original owners but I did not list the property. They wanted way too much money and I am not in the habit of taking over priced homes. I did show the home once or twice but no takers were willing to come up to their asking price. The home was on the market for MORE than a year and never sold. There were not alot of price reductions and I assume there were not alot of offers.
The home foreclosed.
The "investor" now has the home back on the market. Here is the part I find funny, the home is listed for $120,000 more than the LAST offered price prior to foreclosure.
Foreclosed for $573,000
Last offering: $630,000
Asking Price Now: $750,000