- Joined
- Jan 13, 2002
- Professional Status
- Retired Appraiser
- State
- Florida
Doing a vacant lot in a newer high end gated community, Atlantic Ocean beach front. Total of 27 beach front lots. Sales are:
02/26/2002 - $704,900
09/13/2001 - $679,000
02/28/2001 - $650,000
11/30/2000 - $675,000
Ten of the lots are listed as available at $704,900. Basically, all of these lots are considered equal.
Turns out that the newest sale of $704,900 is from the developer to a builder. No big deal EXCEPT, developer and builder are the same person. This guy paid almost $5,000 is deed stamps to have a recorded sale this high.
By the way, the subject lot was sold by the developer to a LLC on 03/24/2000 for $375,000. Is the current seller maybe a relative? Don't know. Is supposedly a friend of the buyer. I don't have the contract yet but LO said he thinks it's for $780,000.
:roll: But... but... but, this buyer is very intelligent!
Where are all these scam deals coming from?!?!?!?! I hope the rest of you are getting deals like this. I'd hate to be the only one! Now I'll start checking for other beach front lot sales/offerings.
02/26/2002 - $704,900
09/13/2001 - $679,000
02/28/2001 - $650,000
11/30/2000 - $675,000
Ten of the lots are listed as available at $704,900. Basically, all of these lots are considered equal.
Turns out that the newest sale of $704,900 is from the developer to a builder. No big deal EXCEPT, developer and builder are the same person. This guy paid almost $5,000 is deed stamps to have a recorded sale this high.
By the way, the subject lot was sold by the developer to a LLC on 03/24/2000 for $375,000. Is the current seller maybe a relative? Don't know. Is supposedly a friend of the buyer. I don't have the contract yet but LO said he thinks it's for $780,000.
:roll: But... but... but, this buyer is very intelligent!
Where are all these scam deals coming from?!?!?!?! I hope the rest of you are getting deals like this. I'd hate to be the only one! Now I'll start checking for other beach front lot sales/offerings.