Original Message:
Re: Is Montecristo Estates sold out & what Pueblo Bonito was selling the last units for (by Martin W.):
donce --
It doesn't work that way. Have you ever met a residential developer/builder who sells new homes to be in the business of buying back houses they sell. No, resales are always handled by realty companies that specialize in resales. The truth is that we should be happy (I am) that the Pueblo Bonita LCC is selling new ones for twice what I paid for mine and the new ones don't have anywhere near the view my villa has!
The truth is that those selling their units on this forum are doing a very poor job of selling it. Get real folks. Pueblo Bonita LCC spends thousands of dollars -- i.e. $300 just to attend a sales presentation, salesmen commissions of $1+K, etc, etc. to sell each villa. Redweek is little more than a line listing that costs pennies. Contrast that with what a realtor charges you to sell your house. When I last listed my house in California for sale I agreed to pay the realtor 6% or $120K in commission. They spent thousands in advertising, etc. trying to sell it and couldn't (because of the collapse in the real estate/financing debacle).