Quote:
Originally Posted by antipop
Maybe there is a reason for that...
How can it be appraised at $127k and then selling for $42k.... The actual appraisal is then $42k if it sells at that price.
It reminds me of that collection of 6 millions vinyl and no one wanted to buy that. There just isn't a market for only a numbers game.
It's like I was selling my collection of 5000 Pontiac Fiero's. There's not a buyer for that.
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To be fair, the appraised value has nothing to do with what a person is willing to sell it for.
Granted, some appraisals can be way off (both up or down). But sometimes an individual needs to get rid of a valuable item right away and has no time to wait for the right buyer that can appreciate its value. A sale under those situations does not affect the true value of the item. Instead, someone just got a great bargain!