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Old 10-04-2013, 12:17 PM
 
Location: Portlandish, OR
943 posts, read 1,694,343 times
Reputation: 981

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There is a house for sale in our town, 2800 sq ft 4bd 2ba.

Built 2004. Sold in 2007. and listed in 2008 and sold again in 2009, 2010, and for sale again now.

Sales prices:

2004 - 297K
2007 - 445K
2009 - 292K
2010 - 273K
current price 360K

I didn't think there was that much of a bubble effect in Oregon, but maybe I'm wrong? Just looking at this makes me wonder if there is something wrong with the house for that many people to move in and out of it. The current price per sq foot seems normal based on what else is on the market.

The 2010 sale had two different MLS numbers and 6 price drops over 6 months...and since they took a loss on that sale it seems like they were desperate to move, despite just having bought it a year before. does this kind of sale history seem wonky to anyone else?
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Old 10-04-2013, 12:40 PM
 
5,048 posts, read 8,387,451 times
Reputation: 4167
Well, 2008 is when things crashed.

Some people feel things are coming up a bit now. And there could have been some improvements made to the home.

BUT, what you need to do is look up the tax records for the county/city/town the home is in. In many, if not most, areas you can easily do this online by accessing the municipality's website and searching for something like tax records or real estate. You may find at one point it was bank owned.
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Old 10-04-2013, 12:41 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
35,894 posts, read 65,351,220 times
Reputation: 41289
Those prices follow the bubble/post bubble curve rather precisely, so that's not an issue. The question is why it sold so many times, and for that more research is required. If you are able to llok up the actual transactions you may find that it was not actually sold, but perhaps a quitclaim or two, as happens with a divorce, death, or other circumstances. If it was truly sold and people moved that many times it could be nothing or it could be a red flag. Such things as odd noises in the night due to rats or people thinking it's haunted, traffic or airplane noise, or the most likely, objectionable neighbors.
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Old 10-04-2013, 06:46 PM
 
5,048 posts, read 8,387,451 times
Reputation: 4167
Our area online tax records will say things like, for example, one owner being a couple, next owner up is just the wife. Then shortly afterwards, new person's name or bank name. So perhaps it was a death and the wife couldn't keep it going very long alone.

On ours there is often a side notation...divorce...name change...death, something like that. Just handy clues to start with and that might actually be enough. But maybe your tax records don't do this.
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