Traverse City MI Real Estate

# re: Price Reduced on 14230 Bluff Road in Peninsula Township @ Saturday, August 04, 2007 8:23 PM

"Priced below market value. "

Can you explain this? Who is determining that it is price below market?  Isn't Market Value simply what the market is willing to pay?  If the price is reduced and it does not sell then obviously it is not priced below market value. Finance 101.....

annon

# re: Price Reduced on 14230 Bluff Road in Peninsula Township @ Tuesday, August 14, 2007 11:44 PM

Thank you for your comment. I made my "below market value" comment based on the fact that the township tax assessor has the land alone on this property assessed at $400,000. In addition, the home and property sold a year ago for $450,000. Therefore, below market value, to me, was "common sense 101".

Randy Vredenburg

# re: Price Reduced on 14230 Bluff Road in Peninsula Township @ Monday, May 12, 2008 11:11 PM

i'll give you 150,000 cash

lisa gaynier

# re: Price Reduced on 14230 Bluff Road in Peninsula Township @ Tuesday, May 20, 2008 10:48 PM

Hi Lisa- Unfortunately, the property sold several months ago, as all of my bank foreclosures do...give me a call when you get a chance and I will find you a killer deal! 231-313-0658

Randy Vredenburg-Realtor