Not too sure what exactly is the gimmick here (hopes of a bidding war?) but the condo at #117-8189 Jones Road in Richmond has had their asking price slashed from $355,000 to $1.
From the description:
Call to View! Owner Says 'SELL'. Please Bring Offers!
When posting it on his site, real estate agent Arnold Shuchat said:
I've just uploaded this listing for a condo at the Laguna in Richmond. And I always thought 1% Realty referred to some commission arrangement! This ranks as one of the largest price reductions ever: From $355,000 down to $1!Anyone know what this is all about? The listing for $1 is popping up on real estate sites everywhere.
(hat tip Arnold Shuchat)
==================
Click 'comments' below to contribute to this post.
Please read disclaimer at bottom of blog.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Realtor is hoping for a bidding war?
ReplyDeleteI'm sure the neighbors are thrilled ...
ReplyDeleteYeah, probably hoping for exposure and a bidding war. It will sell for $41 and Global will headline the home that sold for 4000% above asking
ReplyDeleteThe waiting is over, now I can buy afford to buy a house. Where do I sign.
ReplyDeleteI bid $1
ReplyDeleteLooking into my mystic ball, I bet that this $1 property received bids ranging from $1-$150,000.00 and then the sellers pull the listing, and re-list at $345,000.
ReplyDeleteI can go $1.01
ReplyDeleteRSS syndication...
ReplyDeleteone site goofed or has a cruel sense of humour and the rss picked it up :)
MLS still has it at $355K
Well, after getting a few calls on this one, I checked in with the listing realtor. It turns out the one of the owners is a Toronto based realtor and there has been a trend there to list properties for $1 to create some attention. They have no intention of selling for $1 but expect to have offers presented on Sunday night....etc.
ReplyDeleteBased on a lot of negativity on some of these blogs, it would be an interesting wager as to whether a multiple offer scenario will materialize.
It will get sold because I think the owners will do what has to be done to sell it.
I also predict a post-sale advertisement claiming "Sold $315,000 over asking price"!