Updated almost 4 years ago on . Most recent reply
Why are cheap properties selling for millions?
In my location, I've noticed that when I'm trying to run comps off public MLS sites like Zillow and Redfin, there are properties marked as sold for over a million dollars. These properties are never worth more than 60-90k. Is it some sort of error or maybe something to do with investors evading taxes? I guess I could understand if it were 1 or 2 if those properties had some sort of sentimental value to someone who has that kind of money, but it's happening far too often to be isolated events.