
And the Bellamy house was a prime example of what could happen to a property handled that way. The owner didn't want to sink more money into the house in order to fix it up. But he also didn't want to lower the price. Each time he finally dropped the price it was by too little and way too late.
All that was before 1992, when Cindy joined the firm. For years now the file had lain undisturbed. The owner might be dead, for all Cindy knew. So... she called him.
To her surprise, he not only wasn't dead, he even answered his own telephone. "That old piece of junk?" said the old man. "Every year when I pay the taxes on it I just want to spit."
"Well, we have a potential buyer."
"You've got to be kidding. The house hasn't blown down? Didn't Hurricane Hugo finish it off?"
"Still standing."
"Well, ninety thousand dollars and not a penny less."
"You already dropped the price to eighty-four nine back in '89."
"Did I?"
"And it didn't sell then at that price."
"I'm quite aware of that! Don't tell me my business. That's a valuable property!"
With a smile in her voice, Cindy ignored his warning. "A property is worth what someone will pay for it. If no one will pay for it, then it's worth the value of whatever you produce on the land. If you produce nothing and nobody will pay for it, then that property is worthless."
"Are you determined to insult me by taking me back to college?"
