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Is this some sort of weird "for legal reasons we had to post it but we don't actually want anyone to put in an offer" type things?
Like with the super specific H1B job postings designed so that only 1 person (preselected) is likely to qualify. But they had to post it because it's a government policy.
I guess I'm asking how this is helping someone avoid some sort of fee/tax on $169,000?
Edit: Guys condos don't always come with land ownership which is why I thought something was dodgy here. Does anyone know if condos in Oregon include the land under them?
Could also just be on a massive piece of land I guess
Doesn't even have to be massive. In my area, I see a half acre lot listed for $500k. I'm not even in a particularly expensive area (kinda rural, but 20mi away from a somewhat expensive metro).
Or like a mile from downtown San Francisco.
But it's listed as a condo, that typically doesn't give you land ownership. Or is OR law different on that?
Land value.
In my neighborhood, if that was on one of the original lots (100'x90'), it would sell for around $800k.
The trend in my city is to take one of these lots with old crappy houses (or even not so old crappy), tear down the house, sever the lot into two, and build 2 modern McMansions to sell for $2mill each.
It's listed as a condo, so the purchase wouldn't include individual ownership of the land.
Money laundering
I've never heard of any legal obligations to post a house for sale.
The price is set for the land or the location of the land.
In cases of inheritance, when the house is left partially to two or more parties. In conflict between the parties, the resolution can be the forced sale.