10081 SW 16TH PL, DAVIE, FL 33324
- 4 Bed, 2 Bath, SFH
- Bought in September 2005 for $448,000
- On the MLS for $329,000
- Loss before the Realtor® commission: $119,000
- Loss after the Realtor® commission: $138,740
I need your help with this daily feature. Do you know of a F@cked Buyer? Just add the MLS number or the FSBO link in the comments section and I will add it to an this daily update in the future.
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4 comments:
133/sqft
You'd be better off waiting until the bank gets it.
Based on the REOs I've seen on the market, banks are starting to dump properties.
They're going to need to, to deal with the liquidity crisis that's going on.
9542 SHEPARD PL
Wellington, FL 33414
MLS #: R2759807
List Price: $988,000
Purchase Price in 10/12/2005: $1,100,000
Expected Loss: A lot
Zestimate: $1,126,436
I estimate the Zestimate is inaccurate.
On thing I noticed about Zillow is that it assumes that because someone paid a certain amount for a house, that it must be worth that.
In other words, it favors the last sale of that property over the recent comps.
If I were to go to a townhouse subdivision where all the units are identical and selling for about $150k each, and then pay $300k for one of them, Zillow will single that unit out and value it at or clost to the new price.
Look at cookie cutter subdivisions or townhouse subdivisions. You will see values all over the place for basically identical units.
In this market, if they want accuracy, they need to focus on recent comps, not what the current owner paid for the property. In most cases, it will be higher than the actual value, as we keep seeing on these "f@cked buyer" posts.
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