Laguna Niguel Listing

C

Cameray_IHB

New member
<strong>What justifies the price increase? From the listing--</strong>



ONE STORY SIENA VILLA, GATED AND ONE OF A KIND RESORT STYLE COMMUNITY.IT IS A ONE STORY, HOWEVER SELLERS HAVE ADDED A HOME OFFICE FULLY PERMITTED WITH LOTS OF BUILD IN OFFICE FURNITURE UPSTAIRS. HOME IS IN VERY ORIGINAL CONDITION AND COULD BE A FABULOUS HOME WITH A LITTLE LOVE AND DECORATOR SPIRIT.THIS IS A SHORT SALE AND IS TENANT OCCUPIED AND IS SHOW WITH PROPER NOTICE BY APPOINTMENT ONLY.hOME IS SOLD AS IS PER SELLERS. <strong>Bank just finished BPO at $735,000. this must be the minimum price. </strong>



<img src="http://media.cdn-redfin.com/photo/46/bigphoto/869/S569869_0.jpg" alt="" />



<a href="http://www.redfin.com/CA/Laguna-Niguel/50-Pienza-92677/home/4921448">http://www.redfin.com/CA/Laguna-Niguel/50-Pienza-92677/home/4921448</a>
 
"BPO" is broker's price opinion. It's sort of like an appraisal conducted at the behest of the selling bank. Since an objective third party said it is worth $735K, the bank must sell for that or more.



I'm sure someone with actual expertise <em>*paging IR2 or USC*</em> will chime in here.
 
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