Actually as an agent very often you have no idea of your clients wherewithal. You have to relie on what they tell you and what the lender tells then and you. Its more common that we dont have an idea as to what our client’s full financial status is.
With that said the system is ripe for abuse and incomptence. However, even for the most competent it is dififcult to know what and where we are going. As smart as you portend to be, I’d bet you expected us to be in far worse shape pricewise around here and that just hasnt happened to the extent it could have. Of course, you can say it has to eventually but does it really? We just dont know for sure what is going to happen from here.
It actually was resold in 2003 for more than 730K and today is still worth quite a bit more than that. No that it matters, current owner is a long time local and not going anywhere…ever.
Actually i think we all have been pretty straight forward, honest and on target over the years.
