Here’s a snapshot of reality – though somewhat extreme, even by today’s standards.
The first clip shows the difference between sales of a single-story, and a two-story house on the same street, that closed a month apart.
The second shows a new short-sale listing that has an extra kicker. The two mortgages exceed $1.1 million, and will be an agonizing grind to complete. When/if the short-sale is approved (which might be a stretch at the low asking price), the buyer will be asked to sign a form stating that they are not aware of any side agreements: