Cottage 2 Resale

We don't get many Catskill Farms resells - Gib McKean says the big resale point is after about 7 years of 2nd homeownership in the area, so a few of our homes are reaching that test age, remarkably. The owner of this Cottage was asking 20% more than what she bought it for, now I think it's 10% - but either way, pretty complimentary to our homes considering what has happened to the real estate market univerally over the past 2. I would think asking what you paid would aggressive, but who am I?

But most remarkably, this price appreciation is on a home that the homeowner constantly emails me (and copies the whole office as if the 'public humiliation ploy' by a few of my early homeowners wasn't so 2008) that she hopes my other buyers don't experience the level of problems she has had with this house - And yet still, it's worth more than she paid for it. Remarkable. It's only fair that if this is a house full of problems, buyers should know this, realtors should disclose all the problems, and it should be reflected in the appraisal. Otherwise, lawsuit for misrepresentation.

And now I hear she is accusing two of the best realtors in the region of conspiring with me to use her home as a model to upsell possible clients to my other cottages. I mean, how bizarro for many reasons, but oh, let me count a few of them (although it's always good when outsiders see what we are confronted with at times).

First, Bill, David and me are more ethical than that.

2nd - I don't rely or really even use realtors. We've been selling our own houses for years - and are much better at it than the local real estate companies, who we stopped using years ago when they couldn't sell more than 2 or 3 a year in a good year.

3rd - We haven't kicked as much ass in this world-changing recession and real estate crash because of black magic, sleight of hand or deviousness. We sell homes because the homes are great, and we spend $5000 a month marketing, positioning and branding our homes - probably more than most real estate companies up here spend in a year.

But, in the end, Thanks John for the great text after his family's first weekend - and I paraphrase - "Totally Unf%^&$*Kingbelieveable".

Touche.

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