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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Annette Lawrence , Palm Harbor, FL 727-420-4041 you are funny, I was laughing too hard to answer your question...but it does seem suspicious.

Oct 22, 2015 10:34 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Annette Lawrence , Palm Harbor, FL 727-420-4041 I did read this anonymous question and answering because it's you.

I do answer some other anonymous questions if they are interesting.

And about the value of a home - assessed value is no indication of the final sale price. A smart investor did take risk to buy it at $770K knowing that there is a value in the home. No one got cheated - I believe, everyone knows what they are doing, specially when the amount involved is huge!

Oct 23, 2015 02:24 AM
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

As long as everyone was happy with the amount of money they got I do not see a problem, assuming it was all legally signed contracts. If I was the guy that sold for 770k and a few days later it sells for 1.2 million I might be a little upset though. 

Oct 23, 2015 02:08 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The assessed value ha sno basis on real world value, however if the purchased at 770k and sold within 24 hours for 1.2 million, the seller who sold for 770k got ripped off. 

Oct 22, 2015 10:59 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

All three had the opportunity to determine value.

Dec 08, 2018 05:14 PM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Is this one of those questions where we are to think outside the box???

The second buyer saw an opportunity of the highest and best use, and went for rezoning? 

I wonder if I posted anonymously and spam a Q & A.. how many would report me. 

Oct 23, 2015 09:55 AM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would say someone made a mistake in judgement and there may be liability there.  Now it may be the agent, seller, buyer or next buyer that made that mistake.

Oct 23, 2015 03:52 AM
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

looks like 770 left money on the table. but often there is hidden value in a place

Oct 22, 2015 11:53 PM