On Tuesday, December 29, my buyers finally closed on 121 Creek Road - a fabulous 70-acre farm in Pohatcong. The property in Warren County NJ (the Route 78 corridor) consists of an 1800's main home, a barn and a smaller guest cottage. The sale price was $765000.
When I first showed 121 Creek Road in March or April, the list price was $950,000. My buyers' first offer on this Warren County NJ farm for sale was not accepted. In July, I requested and was granted a meeting with the executrix and her 2 listing agents to try to creatively find a meeting of the minds. No such luck.
Despite several interim price reductions, the seller and my buyers were not on the same page. In August, one of the listing agents called me to ask if my buyers were still interested. The seller's bottom line, however, was somewhat less attractive to my buyers at that time. No movement.
Eventually, my buyers opted to make one more stab at this farm in Warren County NJ. We went Under Contract in early October. Lots of problems between then and closing, including septic and well issues. I was able to keep my buyers motivated and with the help of their attorney, we worked through all the unpleasantness! The walkthrough on December 28 disclosed several more problems, ones that were only resolved at the closing table the next morning. (Yes, a sleepless night for many - with my buyers deciding not to even attend the closing.)
I don't know if the husband will ever wear the quilted overalls on which I embroidered his first initial but he sure had a good laugh over my closing gift to him! He and his wife have already begun work on 121 Creek Road, Pohatcong, Warren County NJ!
Copyright © 2009, Irene Kennedy, all rights reserved. This blog post represents Irene's personal musings.
Considering selling a home or looking to buy a property - farm or otherwise? Benefit from creative marketing, top negotiating skills and vast real estate knowledge by contacting Irene via the data to the right.
Great gift idea - overalls for the farm. Great job done for your buyers by hanging in there by their side.
Great way to end the year. And an excellent start to the new year. Enjoy and wishing you the best!
Cindy,
The overalls amused me too, especially as he probably has never owned a pair in his life! Thanks for your pat on the back.
Gary - It IS a very nice wrap up for 2009. All the best to you and yours in the New Year, my friend!
Irene - It certainly sounds like this was one of those transaction where you absolutely earned every dime of your commission! Happy New Year!
Andrea - There were moments I felt like I earned the other folks' commission too. A very Happy New Year right back at ya!
Irene, great end to 2009 and a great job on your part! I hear you, on sometimes feeling like you earned other folks' commissions too. I'd laugh if it wasn't so true, so many times! Happy New Year!
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Laura - Thanks for stopping by. All the best in the coming year. Who knows, maybe we will succeed in a referral or 2!
Congrats on a great sale to end the year Irene ! love it !!
Wishing you all the very best for 2010 :o)
Irene Congratulations That home is certainly destined to be returned to its' former glory
Sheldon - Thanks ever so much. All the best to your and your family as well. See you at RainCamp in a few days!
Karen - Happy New Year to you and yours! I plan to post more on this home, given the owners are very dear friends.
Irene,
Pohatcong is a beautiful area of the beautiful Garden State! Congratulations on sticking with it and making the transaction work for everyone. You earned every nickel.
Mike in Tucson
Mike,
It is a really lovely spot! A trout-stocked creek runs through the front of the property.
Irene, what a beautiful old farm house! I was wondering what they were going to grow there - plants? Animals? Both? Hope I see you next week in NY!
At the moment, Pat, the new owner isn't going to add to the farming. A neighbor cultivates about 20 acres; that arrangement keeps the farm-assessed tax rate.
You're one of those I intend to "hunt down" at RainCamp!