Here’s a house I found for sale on craigslist. The ad says “desperate”. But the price says “I still want to make a nice profit”.

30818 Overfall Dr in Westlake Village
$699,000
Last sold: 4/16/2004 for $616,000
So, the goal here is to make an $83,000 profit in 3+ years to avoid foreclosure, and do it in a declining/stale market? Good luck. We’ll check back later and see if it sells and for how much.
July 9, 2007 at 9:49 pm
This house is now being listed as sold. It will be interesting to find out what the sale price was.