Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on .

User Stats

12
Posts
6
Votes
Jeongmoon Park
6
Votes |
12
Posts

Price after occupied foreclosure?

Jeongmoon Park
Posted

Hello,

I am new... and have a question. A few days ago, there was a foreclosure duplex in an online auction, which also listed on realtor.com. It was fully occupied. Starting price was ~$39,000. I do not know what was the final price.. but a few DAYs later after the auction ended, the price of the duplex jumped to ~$117,000 on realtor.com. The comps were at 90k ~ 100k. 

My question is... Is it what happens if the duplex is livable? If the duplex got an appraisal value of $110,000 AS IS, does the price usually go back to the appraisal value when the auction ends?

Thank you very much for your advice!

-Jeongmoon