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Non-Cattle Specific Topics
Every Thing Else Board
Experience from years ago.
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<blockquote data-quote="Travlr" data-source="post: 1829434" data-attributes="member: 42463"><p>I bought a piece of ground from a widow that was in a rest home, and paid her asking price. But she had an adjoining piece of property and I didn't have the money for both, and I wanted to buy it. So part of my deal was that I got right of first refusal and an option at the stated asking price on the other property. Two years later I sold the first piece for an inflated price, a LOT MORE than what I'd paid for it. I could have bought the second piece for a lot less per my contracted agreement... but instead I sent the lady a card and told her that her property was worth a lot more than it had been two years ago, and I wouldn't be exercising my option. </p><p></p><p>I gotta say, I have mixed feelings about it. I could have made a lot of money on that deal... but just didn't feel right taking advantage.</p></blockquote><p></p>
[QUOTE="Travlr, post: 1829434, member: 42463"] I bought a piece of ground from a widow that was in a rest home, and paid her asking price. But she had an adjoining piece of property and I didn't have the money for both, and I wanted to buy it. So part of my deal was that I got right of first refusal and an option at the stated asking price on the other property. Two years later I sold the first piece for an inflated price, a LOT MORE than what I'd paid for it. I could have bought the second piece for a lot less per my contracted agreement... but instead I sent the lady a card and told her that her property was worth a lot more than it had been two years ago, and I wouldn't be exercising my option. I gotta say, I have mixed feelings about it. I could have made a lot of money on that deal... but just didn't feel right taking advantage. [/QUOTE]
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Experience from years ago.
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