I sold my home for £100,000 LESS than I could’ve got but I’m happy I did it – here’s why
A man who sold his house for £100,000 less than he could afford says he is happy with his decision.
Tony Corden, 60, owns a home in Powys, Wales, complete with large grounds, streams and private woods.
The picturesque property can easily be worth up to £340,000.
But Tony recently decided to sell his beautiful home to people he knows for just £240,000, raking in a huge financial fortune in the process.
Tony confided: “A lot of people say I’m crazy
“I don’t think making the biggest coin is always great, there’s more to life than just making as much money as possible.”
The retired psychiatric nurse purchased the home in the early 2000s after living there as a guest for several years.
His original vision was to use it as a hub for musical and cultural events, including the Latin American music festival, El Sueno Existe, which he founded at the house in 2004. 2002.
But when Tony decided to sell and move overseas, he wanted the creative spirit of the house to continue – even if it meant he would lose some cash.
Tony added: “I have a really nice group of lodgers that have formed there. They were very interested in the idea of turning it into a housing cooperative.
“So I thought – try it and see how far it goes.”
Offering his house for sale at a knock-down price allowed his former tenants to form a housing cooperative to purchase it.
That means they share ownership and management of a home that they cannot purchase individually.
And there is a condition to live in the property.
For a few days each summer, residents had to agree to leave the house so that Tony could continue to use it as the centerpiece of the El Sueno Existe festival.
Joanna Blyden joined the partnership in 2021 and had to leave the room for four days for last year’s event.
She said: “I love festivals and I love camping so I bought myself a ticket.
“I met the Chilean family who were staying in my room. They were really lovely and thank you for hosting them.”
It happened after a landlord did the opposite of Tony and made some money off her property.
She revealed how she saved £3,000 selling her home without a real estate agent in just three weeks.
Meanwhile, a wealthy divorced woman has given up her luxury home to finance a new life at sea.
She claims it will save her £20K per year and covers meals and use of her facilities.