On Track
Everything is on track for a closing next Friday. The only outstanding issue is insurance. I've contacted an insurance agent in Mt. Jackson because he handles commercial and residential insurance. He is still working on finding the right policy, so I'm getting a little apprehensive because I have to have the policy by the 7th! I’ve already contacted the utilities.
Unfortunately, the housing market here in NY is slowing down a lot. Our house has been on the market for the past 8 weeks. We had a lot of interest before August 15th, but not much since. Our agent said that the last part of August would be slow but that it should pick up after Labor Day. So far, I haven’t seen it pick back up.
What does this mean? Well, it means that I’ll have the building but can’t start renovations until this house is sold. Banks are very leery of loans to start up restaurants. Hopefully, things will turn around in the NY real estate market soon. If they don’t, I can still cover the cost of owning two buildings at once. I just prefer not to.
Also, I need to get a power of attorney for my better half. Today she just found out that she has a big meeting on Friday next week so she can’t be at the closing.
Not much else is new. I’m going to visit my sister in Massachusetts this weekend. She’s been in her new house for over a year and I still haven’t been there.
Unfortunately, the housing market here in NY is slowing down a lot. Our house has been on the market for the past 8 weeks. We had a lot of interest before August 15th, but not much since. Our agent said that the last part of August would be slow but that it should pick up after Labor Day. So far, I haven’t seen it pick back up.
What does this mean? Well, it means that I’ll have the building but can’t start renovations until this house is sold. Banks are very leery of loans to start up restaurants. Hopefully, things will turn around in the NY real estate market soon. If they don’t, I can still cover the cost of owning two buildings at once. I just prefer not to.
Also, I need to get a power of attorney for my better half. Today she just found out that she has a big meeting on Friday next week so she can’t be at the closing.
Not much else is new. I’m going to visit my sister in Massachusetts this weekend. She’s been in her new house for over a year and I still haven’t been there.
I hope the house gets sold soon. We'll be happy to have you closer to us.
Posted by
Sonia |
2:59 PM