formerownerof404's Profile
Author's Posts
April 29, 2008
404 STUYVESANT - IN CLOSING
Good Morning..I was unable to comment on the original postings so I just created this one. First, I'd like to congratulate the new owners on their purchase. It IS a wonderful home and Im sure they will enjoy it for years to come. Second, I'd like to thank all of you that took the time and interest to view my home and create such a buzz around it, as well as showing the appreciation for our efforts in maintaining the house as best we could. As for those of you that seem to feel the need to second guess our decision to sell at certain points, well, you shouldnt speak out of turn without knowing ALL of the facts and understanding everyones individual motivations. We did get an "OFFER" of $1.5m prior to auction, in conversation. But talking about it and following through on it are two different things (I guess it doesnt count as an offer until they write it down). For the record, the person that "OFFERED" $1.5m, also bid at auction and was NOT the high bid, which leads me to believe they werent serious buyers at that number. All they had to do was offer an additional $100k over the high bid at auction and the house could have been theirs (that goes for ALL of the bidders). As far as why we didnt take the money at auction, well, there were personal reasons with the buyer, and I wasnt going to sell to them. Some of you will say "take the money and run", but what good is the money if you're carrying regret over the way you got it? No, that person would get nothing from me. There were also tax implications for an earlier sale. In retrospect, I view the one TRUE offer i feel I missed out on prior to this as a net loss of about $50-$100k. Which, in this market, aint so bad. And believe me, I've thought about this and thought this through a HELLUVA lot more than any of you. Im not a fool, and this market has taken more than one person by surprise Im sure. I dont regret the missed opportunity that I spoke of at ALL. My business opportunities allow me to make that up right away. And my tax picture is a lot rosier. So, before you choose to speak, know EVERYTHING. Sometimes, its not what you think...Again, thank you folks on this board for keeping the interest level high, good or bad, I guess theres no such thing as bad publicity. And I'd especially like to thank Furman Calhoun at Halstead Real Estate. They did a Helluva a job marketing the property for me. He was there EVERY WEEK doing open houses, 2 per week. And when we needed to make the deal work, they put something in the pot to get it done with no fight. Good luck to all.
My regards,
Kyle Hodges
Former owner of 404 Stuyvesant