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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 445.60

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Jan 30 4:00 PM EST

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To: TobagoJack who wrote (11758)	11/21/2006 9:29:26 AM
From: foundation	Read Replies (1) of 219951

Waterfront Homes Sold At Inflated Prices The Tampa Tribune -- Nov 21, 2006 thanks to Ben Jones at the thehousingbubbleblog.com tbo.com <snip> "... A waterfront Mediterranean-style home on Treasure Island sat on the market for more than a year listed at $1.1 million. Finally, an offer came along the sellers couldn't refuse: Someone wanted to pay $1.4 million. But there was an unusual stipulation: $300,000 of the purchase price would go back to the buyers or to third parties, the listing agent said. It took three appraisers, all hired by the buyers, before one came back with an appraisal for $1.4 million. Relieved to finally sell the house, the owners went along with the deal. "I was very leery of the whole transaction and a little surprised that it closed," said the seller's real estate agent, Jim Bates of ERA Compass Real Estate LLC. "I remember chuckling at the closing that this was the first time I've seen a buyer walk out with more cash than the seller." ....." <snap> ---------- LOL!

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