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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]Yeah I just noticed one of these with an house next door to my parents in Chevy Chase that just sold. The last sale prior to that was around the same price as when I bought my decidedly non Chevy Chase house in the same year. I asked my dad and he said the mom had sold it to her son. This and of the other posts above have similar possible scenarios. Transactions like this are usually marked as non arms length transactions and not used as comps for appraisals or other real estate transactions.[/quote]
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