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question1
Posts: 1
Registered: ‎12-09-2012
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"Sold" for $8500?

Someone in my neighborhood recently "sold" their place for $8500--though it wasn't actually sold.  It just shows up this way as a sale record.  They still live there, it was never on the market etc.  I have seen this a couple of times on listings' histories.  Anyone know what this means? 

 

Thanks. 

Contributor
redfinlover
Posts: 13
Registered: ‎02-08-2012
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Re: "Sold" for $8500?

Sometimes this happens when the owner sells to a family member at a Very  reasonable price,

Super Contributor
FranklyRealty
Posts: 252
Registered: ‎02-26-2008
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Re: "Sold" for $8500?

Sometimes a partial interest can be sold, and the records will show the price but not the % of equity. Also this happens for parking spots that are sold apart from a condo.