Question

A property is listed for sale at $235,000. A buyer's offer of $220,000 is rejected by the seller. Six months later, the seller reduces the price to $225,000. Another buyer offers $210,000, and the seller accepts because the seller has found another house to buy and needs to close quickly. The property is subsequently appraised at $215,000. Which of these figures MOST accurately represents the property's market price?A. 210,000B. 215,000C. 225,000D. 235,000

Answer 1

Ok, so not too sure if this will answer you’re question, but let’s give it a go anyway. Approach this question with logic, though the original asking price was 235k it sold for 210k. Subsequently this would make the market value of the property 210k.

I believe the answer is A or $210,000