Tim managed to start turning a profit off the inherited Jax real estate before we even sold it! After a few days of negotiation Tim selected a small but up-and-coming Jacksonville real estate company that was willing to lower their commission by 10%
My husband Tim has a wealthy family, although they never shared any of that money with him. Tim paid his own way through college, got a mortgage for our first house, and in general never asked his parents for any financial help. Tim likes to stand on his own two feet, and not take handouts. Last year Tim’s parents passed away in a plane crash, it was quite a shock to all of us. An even bigger shock was when Tim found out he had inherited several large pieces of Jacksonville real estate. He was the sole heir, and now the owner of millions of dollars worth of beachfront real estate in NE Florida. I thought we should just hire a major Jacksonville real estate firm to start selling everything, but Tim had another idea. He booked us a flight to Jacksonville, where we had a series of meetings with different real estate brokerages. Tim was smart enough to realize that whichever Jax real estate company represented us would stand to make millions of dollars in profits. That is a pretty juicy payoff, which means many of these NE Florida real estate companies were willing to bargain for our business. Tim managed to start turning a profit off the inherited Jax real estate before we even sold it! After a few days of negotiation Tim selected a small but up-and-coming Jacksonville real estate company that was willing to lower their commission by 10%. I never knew that Tim was so cagey about negotiation, or that he knew so much about selling real estate in Jacksonville.
