Original Message:
Re: Is Montecristo Estates sold out & what Pueblo Bonito was selling the last units for (by Don C.):
As a Real Estate Developer myself and the owner of a Real Estate Company I can tell you that there are huge benefits to developers who not only sell new but exisiting product. The profit in a new build is small and that is why most of the time you pay very close to what the asking price is. On a resale that is in great shape like these are the profit potential is even greater because the equity is already there. I have unit 15, high on the hill with outstanding views. Can you imagine what kind of profit the developer and sales person could make by taking mine back for 50,000 and selling it to someone else for 120,000 or so. Its a no-brainer but they just wont do it. If you know of a legitimate company that has a track record for resales on these units let me know and I will contact them. I still love the place and will always go there, we have been going to Cabo for 20 years and have never had a bad vacation. I realize I could hold on for a year or two and get more but would rather sell now.