For example, say you find a $ 200,000 house for
sale in a nice neighborhood.
Not exact matches
SO we decided to do it again on future family home for ourselves, it is a far
nicer location, better schools, rare rental opportunity
in this
neighborhood... no real comps both for rental or purchases from the last 12 months (market is explosive at 10 % increases the last 2 years
in row)... it is rare homes
in this area go on
sale and when they do are gone
in days.
I myself own a property
in Racine which was my primary residence for a short time until I divorced my wife and moved to Chicago... I had it built (stupid, I know but it was what the lady wanted) and ultimately couldn't sell it when I moved as it is
in a new subdivision and there are a lot of
nicer, bigger, slightly older homes for
sale in the area for less than what I owed on my loan, plus there are more than a few foreclosures / vacancies
in this
neighborhood.
Estate auctions
in nice neighborhoods, no goodwill / garage
sales / flea markets.