With the recent turn of the tides in real estate I guess it was just a matter of time before a house listing like this one popped up.
I was browsing the Orlando home listings the other day and came across this description for a house listed at $368,000:
Reduced $62,000 for immediate sale! -- this is an incredible price for 2,424 sq.Ft. With apartment. Located in highly desired area!Completely remodeled: hardwood floors,brand new carpet,ceramic tile,new kitchen,large covered patio,2 fireplaces,warrantyreduced $62,000 for immediate sale! -- this is an incredible price for 2,424 sq.Ft. With apartment. Located in highly desired area!Completely remodeled: hardwood floors,brand new carpet,ceramic tile,new kitchen,large covered patio,2 fireplaces,warranty. At this new price this is an incredible investment opportunity!
Wow, I thought. Reduced $62,000?! This housing market is really turning fast. And, then I looked at the details a little closer. This house, 2820 Raeford Rd, 32806, was listed on October 9 at $430,000. On October 10 it was dropped to $368,000. ONE DAY!!! As far as I can figure either the seller or the agent decided that they could get a sucker to buy this place on the description alone.
So I went to zillow.com to see how great of a deal this really is. This "incredible investment opportunity" at $368,000 is estimated by Zillow at $275,547. Doesn't seem like an incredible opportunity to me. So I checked the comp sales on Zillow. A house at 2455 Raeford, just down the road, with basically the same number of square feet, sold for $235,000, just two months ago.
I really hope no one buys into this fraud. I know that I will never buy anything from agent, MARK ALLEN, or his agency, ERA SELECT INTERNATIONAL. There is a supposed "Code of Ethics" that realtors are supposed to follow. I don't see anything ethical about this listing. Buyer beware.
