One of the things we’re learning lately in our real estate business is that it is not easy to quickly buy or sell property, even a cash sale! Way back on April 10, I wrote about selling the Ross Avenue Victorian house in Cameron to two fellow renovators. We finally closed on the deal yesterday.
When we bought the house, it took three months to close “as soon as possible” but that’s nothing! This one took five months! The buyers could be excused for getting anxious about it. We knew it would take a bit longer than usual, because we were only selling part of the land we originally purchased. The buyers got the house and the lot behind it, where the garage is.
We kept the lot across the street, which is pretty straightforward. We’ve had a big sickly tree removed that was threatening to crash down either on this lot or the poor man next door, so it’s in better shape now.
We also kept the middle of the block, and that’s what took a while. We had to survey the property, have plans drawn up to subdivide the property, and get the plans approved by various entities, including the City Council. So, Lee has been quite busy working on all this stuff and getting our ducks in a row (probably whistling ducks, Cameron’s favorite fowl). It all went well, but took a lot of time. Then, of course, one entity or another “forgot” to do some of the things they needed to do, and title underwriters kept asking for one thing, then another, and then another. All this required a lot of patience on our part, the title company representative (Kimberly has been so helpful), and the buyers.
All the time since we bought the property, we have had to keep maintaining the property, of course, mowing all that grass, keeping it looking presentable for the Code Inspectors, etc. We did get something good, though: my tack room was originally the workshop on the part of the land we kept!
I have had to keep quiet about all this, since we were not wanting to say we’d succeeded until money changed hands! Things have just been going so wrong this year that we didn’t want to risk it. But Hermits’ Rest Enterprises has now sold a house and has a mini-subdivision of three houses plotted out for the future. Hooray.
I just can’t wait to see what the new owners can do with the house. They do amazing work.
More on this house and our former plans for it
A NEW Project to Distract Ourselves (March 2020)
This Old Ross House, Part 2 (March 2020)
We Have a Date (June 2020)
Ross Is Ours! Kathleen Is Overjoyed (June 2020)
Checking in on the Ross House (June 2020)