Here’s what I know, short and sweet!
So, what to write about with a lousy market and uncertainty about what Congress will do that might add more taxes and governmental interference?
Here’s what I do know. Let me speak to our Whitefish MT project, small as it is.
We began with modest goals last May – to sell 12 shares by the end of the year. Well, as of this month we had sold 10 shares. Hooray!
Not so fast. We sold seven shares to residents of the USA and three to Canadians. The bottom line? All three Canadians closed and all seven from our USofA dropt out after having money in escrow!
So, not a lot of confidence in the US market right now with our team.
What did work, to get all sales to escrow, before dropping out, was a cut in the pricing [Whitefish Stimulus Plan] and a couple of years of HOA fees paid. So, that part worked, but the US market did not stand up and go to closing.
The US buyers were from all over the country, too, so not a geographical thing for the cancellations. Now, I think we’ll get back a couple of them, but that’s where we stand at the end of October.
Happier tales next month? Stand by.
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