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Buying & Selling Real Estate

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Jeb Brilliant
  • Rental Property Investor
  • Long Beach, CA
155
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623
Posts

Basic Q about market value vs. selling price

Jeb Brilliant
  • Rental Property Investor
  • Long Beach, CA
Posted Jun 3 2015, 20:44

Can someone explain why the market value can be $50k on a house but the asking price is $25k? How is market value double what the actual value someone pays for it is? 

I assume I'm just naive but this does t make sense to me. 

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