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The house that i bid over listing price was at $992,000. Had obvious cracks, the balcony was rotted, everything in the house was original (built in 1980) and would easily need over $100k in renos and it sold for $1,310,000 with no subjects. I agree that there are lots of houses that end up sitting on the market but lots of them have negative features like being on a busy road, next to a skytrain route, smell like cat piss(i'm assuming they cant get the smell out otherwise they would show it w/o the smell), need major renovations to update the interior or they are a total tear down.
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