Earlier, I was preparing for the appraisal of our 1,944sf listing on Birdie, which is in escrow for $1,125,000.

I always bring the comparable sales with me to help out the appraiser. They want to use comps whose square footage are within 10% of the subject property, so I plugged in a tight 1,700-2,100sf range to get the best examples.

The home above was the first on the list.

It sold in February for 40% less than mine?

Let’s check the sales history first:

A conglomerate foreclosed on the previous owner in 2013?

They had it rented for $2,400/mo. and they sat on it until now.

The seller was the infamous Invitation Homes, who has plenty of horsepower:

This was a fairly straight-forward sale that was offered on the MLS and anyone could have bought it. The timing over the holidays wasn’t ideal, but because the seller had plenty of equity, they lowered the price early and often:

Here’s what it looked liked when sold:

https://www.compass.com/listing/1809-avenida-segovia-oceanside-ca-92056/1727153224339587161/

The new owner installed new windows and roof plus a few interior items and is now trying to rent it for $4,199 per month.

Are you looking for a deal? This is a good example of how to do it! Especially the part about buying a home that needs everything, and then working over the seller for a reduction/credit once you have it tied up in escrow.