EFTA02029877

'eevacation mail.com eevacation mail.com]; ; jeevacationeggmail.comfieevacationegmail.com] rom: Sent: Mon 12/12/2011 5:59:30 PM Subject Fw: Siegal Alpine- Robin Lane Title: Fw: Siegal Alpine- Robin Lane Real estate agent says house is worth more titan 2 million even for cash. Please read his email and advise. Thanks. Peggy From To: Peggy Siegal Sent: Mon Dec 12 12:53:39 2011 Subject: Re: Siegal Alpine- Robin Lane - OfFnalMeSS In .ae--- Hi Peggy, As we talked about last week, the house "comps' between $2.I M and $2.2M. It is up to you and Gary to make the determination whether or not you want to sell the house for less than market value. I am aware the cash "as is" terms of Mr. DiStualo's offer are strong, however his price at 52M is between 5%-8% below current market value. In terms of putting money into the house an doing a renovation, the issue with such a project is that there aren't guarantees a buyer is going to like selections made, and more importantly. where the real estate market is going to be 4 to 6 months from now once such renovations will (most likely) be done. I believe in the value of your mother's housc, and we are priced correctly asking $2,295,000 with our current real estate market conditions. The grounds and house is impeccably maintained, and shows very well for its age. I am confident it will sell for a fair price. Please advise after you review with Gary. I am more than happy to have a conference call with you both at your convenience if you'd like. Sincerely. Dennis McCormack Sent fr om my Phone ---Original Messa From: Peggy Sie To: DMWI3 Sent: Mon, Subject: Siegal Alpine- Robin Lane EFTA_R1_00539083 EFTA02029877 Is it nuts to take the 2 in cash now? E FTA_R 1_00539084 EFTA02029878