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Reply to "When you see a $1M house that sold for $100k, why do people do that? "
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[quote=Anonymous][quote=Anonymous]Such sales are typically divorce settlements or involving transferring from one trust to another. They're not really sales as the house isn't being sold but paper is being shuffled around. [/quote] Exactly. My ex sold my house to me for $150k, which was half the equity less some of the child support he didn’t bother to pay me for a year. Zillow still thinks that was the purchase price of my house 5 years ago—you can see it on their history graph. It’s affected their valuation. But I don’t think that will be a problem if/when I go to sell at some point. [/quote]
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