Friday, February 19, 2016

Real Estate, 2

The other day we received an intriguing letter from someone on Atlanta's north side, offering to buy our place.

It was addressed to the late mother-in-law's "family," and made no mention of the fact (thank you Google) its sender is a realtor. It's intriguing for two reasons.

The first is that, of course, the first name on the deed is that of a recently deceased person. It's often safe to assume that whoever inherits a property from a deceased family member probably would like to make a quick and uncomplicated sale to disencumber the estate of such an illiquid asset. In our case that's an errant assumption, but this person wouldn't have any easy way of knowing that.

The second is that there have been rumblings about this immediate area due to a planned new road that would funnel even more traffic past our place. Developers have been hard at work accumulating properties in our particular corner of the neighborhood in anticipation of a potential growth boom when the new road is built -- in about 15 years. We think it's probably the prime mover in the contact we just received.

We're not ready to sell yet, but if the new road stays on track we are planning on being out of here long before the bulldozers roll. Unfortunately the likelihood of development means the things we liked about this place four years ago won't be effective selling points when we're ready to go. At least, not if we want to feel good about making the sale.

This particular contact feels a bit underhanded, since the only appearance of the word "realtor" in the letter gave an impression that the sender wasn't one. And of course the reason for interest in our property -- from so far away -- was never stated. We have a friend here who's a realtor who handled both our purchase of the home acres and our sale of our previous home. It's reasonable that we'd go with her when the time comes.

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