What's with all the undervalued properties Saint Bernard St?

[westisthebest]

Two houses have gone up for sale and been under contract within 2 days.

The first was 250,000 duplex
the second at 920 S. Saint Bernard St was listed for 85,000!!!
I've been inside it and it's great, triplex!!


I have friends who ask me to alert them when something on this block becomes available but by the time the sign goes up they are already sold.
Why do the agents (Christine Huber) undervalue the houses so much..... just for a quick buck?

[Giavella Water]

Two houses have gone up for sale and been under contract within 2 days.

The first was 250,000 duplex
the second at 920 S. Saint Bernard St was listed for 85,000!!!
I've been inside it and it's great, triplex!!


I have friends who ask me to alert them when something on this block becomes available but by the time the sign goes up they are already sold.
Why do the agents (Christine Huber) undervalue the houses so much..... just for a quick buck?

Why would an agent undervalue a property? It can take just as much work to sell an $85,000 property as a $385,000 one.
The triplex may have looked great but is the location great?

[annie]

Two houses have gone up for sale and been under contract within 2 days.

The first was 250,000 duplex
the second at 920 S. Saint Bernard St was listed for 85,000!!!
I've been inside it and it's great, triplex!!


I have friends who ask me to alert them when something on this block becomes available but by the time the sign goes up they are already sold.
Why do the agents (Christine Huber) undervalue the houses so much..... just for a quick buck?

One of them was a short sale. The other may have looked great but could have problems that an inspection would bring up. There are other houses on the block listed for $339,000 and $415,000.

[egolise]

In the $250,000 case I am guessing the owners wanted to sell the property quickly. I agree that they probably could have gotten a little more cash, but I don't think it's that undervalued.

[seand]

In theory bargain shoppers buying "fixer uppers" on your block and fixing them up is the best possible result. The actual impact on the block's real value goes up but it does not drive up your taxes quite as much since those in turn are affected by recorded sales data.