Show Up, Show Down, Merry-Go-Round


MerryGoRound

Selling A House is Like Riding a Merry-Go-Round

I suspect that selling a house is about as close as any male can come to understanding P.M.S.  Fortunately it doesn’t come with cramps!  Having said that, there are other physical symptoms that are sometimes associated with home-seller-itis: among them sleeplessness, nervous stomach and other symptoms related to stress.  The good part about  home-seller-itis is that it doesn’t recur monthly year after year.  Well, not unless you are really into real estate.

Bay View Homes scheduled showing #9 yesterday.  It was a potential buyer who was supposed to see the house/school last week and cancelled at the last minute.  The showing seemed to go reasonably well.  It’s a couple who look like they would respect the building for what it is.  They seemed interested.

Once again we enter that period of time when a good showing turns into a weekend or a week of waiting.  No matter what we do there’s nothing we can do to intervene.  One guesses and second-guesses how well the showing came off.  It’s hard — each and every single time — not to get excited and optimistic and hopeful.  But nothing counts; at least nothing short of an offer to purchase.  And so we wait through the weekend, and who knows how long into the week, to see whether this will be the buyer for us.

Why write about this one?

That’s simple.  As a person goes through the home-selling process dealing with the timing of a sale is hard on anyone who isn’t lucky enough to sell in the first couple weeks.

There is a small house — I suspect it’s about, or even smaller than 1,000 sq ft.  — not far from us.  It’s a 1950’s property that has been on the market off and on again for at least 4 years.  Considering that I am often chronologically challenged it could be longer than that but I have little by way of a touchstone to assess the total time on the market.

The couple selling are in their late 80’s.  They moved out of the property well over 3 years ago.  They had it listed with multiple realtors; there were periods when the house wasn’t in the market; and there were periods when there was a For Sale By Owner sign out front.

Midweek cars arrived at the home, and began unpacking furniture, and bicycles, and plants.  The home has sold.  We have new neighbors (sort of — they aren’t that close).

I cannot imagine what that old couple thought about the time it was taking to sell their home.  They had been there 30-40 years.  They raised their family there.  I’m sure their retirement plans did not include waiting four years to free up the capital they had in that home.

Nor did we expect we’d be still in the process of selling our home at this point.  But the time has been well used by some of us.

Peg and I got out in Journey last year, we sort of took her for a shakedown trip.

We figured out what major changes we wanted to make to the coach.

Michael and Kathryn found the new-to-them old (100+ yrs old) building for his business, and they closed on it last year.

Their plan had been to utilize the entire building for business.

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The New Old Building

But over the last 3/4 year those plans had time to morph and new ideas took root.  Rather than rent part of the space to unreliable tenants someone floated the idea of using all the space themselves — converting part of the building into residential space.

But isn’t it wonderful to have a dream so big that other people think you are crazy?  Isn’t it wonderful to dare go places no one else you know is willing to venture?

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as it looked before taking ownership

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as it looks recently after much of the detritus has been removed.

Sometimes buildings don’t speak to us immediately.  Sometimes a building needs to know it’s fate is safe in the hands of the new owner before it will surrender up it’s secrets and tell you just what it wants to be. Once their building started talking it nearly scared the pants off them! Our daughter and Son-in-Law have a big job ahead of them.  The renovations to the old structure and making plans on how to retool the space for their future business and family needs are a job big enough that a lot of folks would never even try what our kids are up to.

There’s room for fear, there’s room for doubt, there’s room for city inspections and zoning worries.  They will face financial binds, they will learn to be more creative with their plans. But most of all they are building more of a life together.  After 20 years of marriage they are starting off on a new and exciting adventure.

The reason I bring all of this up at the moment is some of these things would not have happened if our house had sold right away.  Michael would have gone ahead with his first plan to utilize the entire building for business and he would have poured a lot of money into walls and renovations so that a tenant could use part of the building for their business and bring in some cashflow while Michael used the rest of the building.  All while continuing to pay real estate taxes and expenses on the home they own in Bay View.  And, had they decided to change plans in midstream — to decide at a later date to switch over to a mixed use building — then all those renovations would have been money down the drain.

It took time for the idea of tackling this huge project to percolate through their brains.  It took time to formulate workable plans for a mixed use building.  It all took time. Time they would not have had if our school sold quickly.

Sure, there have been days when Peggy and I wished our house would have sold the first week it was on the market.  It didn’t. We have had our days and night of frustration and impatience.  All the while that was going on in us, the kids had time to think.  Time they used very well it would seem.  We have lived with the ups of waiting for the next showing, and taking the buyers through the property (which the first couple buyers never even saw all of — because there was no one here to guide them through all 21 spaces) And after the showings we have lived with the downs or waiting, and waiting, and waiting.  We have had interested parties with no money; we have had lookey-loos; we have had snobs come through who never should have viewed the property in the first place — what they wanted clearly was not what we were selling. We have gone round and round on the real estate merry-go-round.  And while we were doing that our daughter and son-in-law had time to think and plan and dream big dreams.

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The Roof at the New-Old building

Isn’t it wonderful to have a dream so big that other people think you are crazy?  Isn’t it wonderful to dare go places no one else you know is willing to venture?

When we bought the school people thought we were crazy.  I guess crazy runs in the family.

I’m just happy our kids have the courage to dream big dreams and to step out on faith to make their dreams a reality.

Oh, I might have liked to be a former homeowner…but I’m glad that they have had the time to see the light at the end of their tunnel.

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