[QUOTE=kentucky blue;271117]Vinny, you make alot of excellent points in your post.Help me understand, that you priced the home at $130,000 less than it sold for 2 years ago, but you made a 30% profit because you bought it 8 years ago
what am i missing.Love your post, you add alot to this message
Too many meds.
2 years ago same homes in our development were sold for $570,000. I put mine on market for $439,999 last September. Sold it 7 months later for $370,000. Bought it 8 years ago for $260,000. Subtract real estate agent commission, closing cost, etc. And i made about 30% I think my math is correct. If not I apologize.
Reason for dramatic increase in value of home is because township bought the farm next to my house and was going make it a golf course. Plans put on hold due to recession but farm zoned for recreational use only.