Did anyone notice that the $3.2million FSBO that was Gulfront on 30-A in Seagrove sold after being on the market for 4 days?
I was told they owned the home for 54 years!!! :clap_1:
I was told they owned the home for 54 years!!! :clap_1:
Franny said:Yes that is correct..spoke to the owner and he sold his home today. He could no longer handle the hurricanes! Also confided that he sold too low after looking at the real estate ads in the Sun..shoulda used a Realtor!!!
Franny said:Yes he is satisfied with the profit since he has owned 50+ years. But, he could have sold for $2-300,000 more. However in his defense he is not paying real estate commission, or any closing cost. Also, the buyer is working with him on the closing date in order to allow him time to find a new home.
only if he is married.skier said:... and the first $500k was not taxable if it was his primary residence!
skier said:Good for him! It was pure profit if he had been there for 54 years and the first $500k was not taxable if it was his primary residence! Hes probably an older guy so you can't blame him for selling after dealing with the last 10 months of hurricanes.