There is not a lot going down this week. However, we did put in a bid on a house being auctioned. We'll see if we are successful with that one. If not, no worries. The actual bid process doesn't start for a week or two, but we were able to arrange a "highest and best" number with the auctioneer, and we will see if we get it. We have notified our preferred real estate agent -just in case we are successful.
We have also slated the auction date for the Moncure land. The subdividing of the land is complete (see the earlier post) and the seven lots should be ready to rock and roll. We have set a minimum reserve on the land, now what that reserve pencils out to per parcel, and will not sell unless we can pull those numbers. Stay tuned on this one (post December 10th) for the autopsy. We will take an accounting of the life of this deal and try to extract some lessons from it.
State Street is slated to close with the buyer (us + our business partner in our local real estate franchise) for next week Monday. If you are coming into this blind, take a peek at the earlier posts for the daytime continuing saga of "As The State Street Turns."
We also are looking very long and hard at some opportunities in other states where we have lived -including Oregon, North Dakota and Minnesota. We lived in California and Boston, too, but we won't be playing there at this time. There seems to be some opportunity, but right now it is all lightweight talk under a steady gaze, because there are still more-that-enough opportunities right here in our own backyard. We are still sitting on three lots and will be looking to do a spec home at some point. None-the-less, it is good to be aware of other markets and what is going on. Speaking of which...
We will be spending some time in the Rotten Apple this week; NYC. We love New York in short little bursts. We have toyed with the idea of a pied-à-terre, but it is only toying with the idea at this point. One of our children is talking about NYU or Columbia for college. We are hoping for State, but hey, if the kid ends up there...
We are also looking at some math equations for a new business. This is only slightly or tangentially related to Box Bend. And we may have been mentioned this before, but if not, let's just say that the next endeavor, should it come to fruition, involves wild bears.
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