The house sold for what the market thought was its value 2 years ago. After all the value of a house is only worth what someone is willing to pay for it.
Now the market thought that similar homes in that area are worth 100k less than they were two years ago.
I guess at the time they thought that the house was worth what they paid....
Hard to put an exact value on a house. You only know what its worth when it sells.
Have heard stories of valuers valuing homes beyond what the market is willing to pay for them...
