Real Estate Blog | Behind Real Estate

Century 21’s CEO takes a “$200,000 hit” against his own real estate property (his home)

…well, actually not really a loss, but the CEO Tom Kunz had a $1.3 million dollar cash offer for his home in Tuscan Ranch, California in 2004, but turned it down.  A home in the same subdivision sold for $1.1 million dollars and is supposedly identical to his home.  He says “I could sit here and say, ‘Oh I lost $200,000.’ But I’ve still made about a $700,000 profit,” he said in the interview late last week about the problems facing the housing market.”

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