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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Asset who wrote (3312)	7/10/2002 4:41:40 PM
From: MSI	Respond to of 306849

It was a risk, actually. I almost got cold feet, wondering what the problem was, since the imagination came up with: (a)land-use / zoning issues that weren't obvious (some issues don't even appear until you actually get through the application process and find it's a useless parcel) (b)land instability, mud slides, no water avail, no septic, etc etc., and no time to make the buy contingent. Years later, there was a disasterious mudslide a couple miles away. (c) neighbor ready to sue for falling tree limbs. Which, in fact was why the VP in NY wanted to dump it, I found out later. I trimmed the trees and put the road in, making the neighbors happy. This was surplus ppty acquired with the acquisition of a subsidiary, they saw it as a nuisance. I thought about it carefully at the time, and I don't think I breached any fiduciary or ethical responsibility to anyone, but the point of the story is that all things considered, it still would have been a much higher price, imo, had the seller put it on MLS... BTW, I'm occasionally selling my own properties thru an agent that reps both buyer and seller, but I back that up with opinions of value a bit more carefully !