I have a client who’ll get a chuckle out of this

 

Inflated dreams come to earth, eventually

Inflated dreams come to earth, eventually

34 Bote Road reports a sale price of $1,667,575 million. Back when the owner thought it was worth, I kid you not, $2.795 million, my client offered to buy it at a number significantly lower than its ask but considerably more than this final price. We were told, “that’s why there are colored balloons – everyone has a different opinion”.

We dodged a bullet on this one, buddy.

11 Comments

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11 responses to “I have a client who’ll get a chuckle out of this

  1. More bad luck for the Darien man who worked for Morgan Stanley and was arrested for hate crimes that were later dropped. The bank thinks they can get out of paying him millions in comp
    http://www.teribuhl.com/2012/12/19/darien-banker-jennings-bad-arrest-leads-to-millions-of-lost-compensation/

    • CatoRenasci

      Situations similar to this – arrest/indictment for charges which are bogus and are then dropped – is exactly why when negotiating senior executive level employment agreements, one always fights pretty hard to change the part of the “for cause” termination provisions that deals with crimes from the company’s preferred “arrest, indictment, plea of guilty or nolo contendere to any crime” to “conviction, plea of guilty or nolo contendere to any felony”.

  2. Guest

    Seems like a high price. Maybe because of the big lot. The houses close to town that people used to move out of to get to the one and two acre zones are now as expensive as the houses in the one and two acre zones. How things change!

  3. greenwich dude

    I hope someone puts up a beautiful new house there… i think it’s a great lot.

    • It is indeed a great lot and will support a beautiful house, which is why my client was attracted to it. But the highest sale price on the street, achieved this year, was $3 million, which obviously didn’t support the original price and even this last price seems too high for a single house unless someone wants to live in it. My guess is that there’s a builder involved here and he will build two houses – it’s already dived for that – and instead of one big beautiful lot will have two marginal lots with crappy houses on each.
      That’s just my guess.

  4. AJ

    “that’s why there are colored balloons – everyone has a different opinion”.

    What a way to overcome an objection, what a way to negotiate, what a great line, it would be hard to come up with one with more snarkyness. And it only cost several hundred thousand to say it. Nice, Thurston and Lovey would approve.

  5. Artie

    I’d send the realtor a bunch of black balloons with a notation of your original bid…

  6. Anonymous

    Wasn’t this 34 B Rd plus a lot as a combo?