In 2001 this property sold for $395,000. In 2006, it was refinanced and appraised for $790,000 ($398,000 increase in 4 years; almost $100,000/year increase). It is now listed for $799,000 so it has maintained it's value during the last 3 slow real estate years. It will increase in value as the economy further recovers and surpass the $799,000 value.
Do you think this is a good deal? We do! It's an opportunity staring you right in the face.
There's an outrageous claim being made there. Readers, restore my faith in human intelligence and tell me what it is!