Quote from late apex:
That makes no sense to me. Why would the relocation company LIST the place for less than their COST and then SELL it for less still?
- sell price < listing price ... obviously not uncommon, particularly for high-end properties
- listing price < cost ... new RE math?
Looks like something's going on behind the scenes, some clever quid pro quo or property tax scheme. Those numbers don't tell the full story.
Looks like some relocation deal going on here. Maybe the previous owner got a new job and the firm will eat the difference to have him relocated?