Strange Real Estate in Sosua

Tor

Bronze
Jan 1, 2002
853
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The Property center selling the whole building for 1.3million dollars as far as I can see ?
How can the other company then sell appartments sepparately in the same building ?
 

Lechero

New member
Aug 11, 2004
297
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Simple.....neither one of the sellers owns the property!
Nothing new in this country!
 

Conchman

Silver
Jul 3, 2002
4,560
146
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www.oceanworld.net
Quite common for real estate companies to 'sell' property in order to find a buyer and once they have a buyer they go to the real owner and tell them about a deal they have for much lower money of course, and they try to pocket the difference.
 

Escott

Gold
Jan 14, 2002
7,716
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www.escottinsosua.blogspot.com
Tor said:
The Property center selling the whole building for 1.3million dollars as far as I can see ?
How can the other company then sell appartments sepparately in the same building ?
I think I know the building. If they cannot sell it all at once they will condo it out to get their high price.

Scott
 

Tor

Bronze
Jan 1, 2002
853
40
0
I understand that Scott, but think it's strange that they use two different companies for that. Would feel a bit uncomfortable bying one appartment here, knowing the whole building is for sale through another company.