We got an incredible buy on a house (it was a foreclosure.) We have invested some time and "sweat" in it, and now we are going to sell it. We want to sell it at the appraised value so we can make a profit. My brother really likes the house and wants to buy it, but he only wants to pay what we paid for it...he says he doesn't believe family should make a profit from family. I love my brother, but we would be giving up a profit of about $100,000 if we sell it to him for what we paid for it, versus what we can get for it on the market. We did buy it planning on making a profit when we resold it, as an investment. He thinks we are being terrible about this, but I know he would not give up that kind of money for us. This has become a very tense issue between us, and he will probably never speak to me again if I sell the house to someone else.
2007-06-29
06:11:55
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9 answers
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asked by
GKC
1