Sunday, September 30, 2007

House prices are actually lower than the prices declared!

Hidden drop in house prices

Samantha Stoely bought her house in Canton for al lot less than the seller had originally hoped to get, but the good deal didn't end with the $243,000 price. They covered most of her closing costs too - a $10,000 incentive. In effect, the sellers recieved $233,000. But that's not what got recorded in the home sales statistics.

Posted by su @ 09:11 AM (656 views)
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One thought on “House prices are actually lower than the prices declared!

  • I suppose its a bit like builders in this country offering “£10,000 cash back” or “Stamp duty paid”.

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