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Why am I seeing million dollar home sales in low priced neighborhoods?
Why am I seeing million dollar home sales in low priced neighborhoods?

Understand the "why" behind the million dollar homes in low-priced neighborhoods

Natalie Bernacchi avatar
Written by Natalie Bernacchi
Updated over a week ago

This is probably happening because you're looking at a property that is part of a "bulk" deal. I wanted to send out a quick note about something that you may have experienced in Privy. Have you come across a house with a sale price of several million dollars that probably isn't worth $150,000? In another case, a property could have been flagged as a possible deal but the only comparable that was "blue" or an "investor comp" is more than a million dollars?

It turns out there is more of these situations happening and we've been able to figure out what's actually happening.

Check out this video explaining it:

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