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Closing Time
Oct. 7th, 2022 10:48 amI did not write about it here earlier because I did not want to jinx it, but I did tell some people in person about a big development here at Fernley House that we expect both simplifies and complicates our lives:
We bought the East Lot!
( The New, Improved View of Fernley House, as Seen from the Train )
As the photos should show, we were very concerned that anyone trying to develop that lot might build right up against our fence. That's always been less of a concern about the West Lot, because our house "faces" east, and all we'd do is probably try to raise our fence higher to maintain our privacy. So when the East Lot went up for sale, we started doing some figuring, and once we had a friend (who may or may not want to reveal their identity) offer to loan us the money above what we could raise from our own immediate resources, we put in an offer back in August.
( Then Things Got Interesting )
Late on Tuesday, we finally heard from the title company, who said that Lisa and I could come to their office and sign all of the necessary remaining documents for the title transfer, get the final amount we needed to pay including the closing fees and taxes, and get the wire-transfer information. As the title company's office is across the street from the Wigwam Casino-Restaurant and thus only above a five minute walk from our house, that was just fine with us.
On Wednesday afternoon, Lisa and I walked over to Stewart Title and signed the pile of papers. The closing fees and taxes were less bad than I feared (around $1,300). We went home and I initiated the wire transfer. This was much easier than when we bought Fernley House in 2011, when I needed to get a cashier's check, and when the Bank of America branch was very reluctant to generate it for me. I could do the wire transfer ($30 fee) online. The only minor hitch was that it was after that days cut-off time, so the money wouldn't go through until Thursday. I figured that meant we would close escrow possibly on Friday.
Somewhat to my surprise, the title company called me around mid-day Thursday and said the wire had completed and escrow had closed. I walked over to their office and collected the title papers. Later that day, the Realtor came by and took away the For Sale sign. (They never did put a Sale Pending sign on it, which also worried us at the time.) Lisa and I now own roughly 2.5 times as much land as we previously did: 0.41 acres (about 18,000 ft2) or 0.17 hectares (about 1,700 m2). A vast spread it is not; however, it probably about what we can maintain, and we now have defensible space that won't be turned into something looming over us and cutting off our view.
We bought the East Lot!
( The New, Improved View of Fernley House, as Seen from the Train )
As the photos should show, we were very concerned that anyone trying to develop that lot might build right up against our fence. That's always been less of a concern about the West Lot, because our house "faces" east, and all we'd do is probably try to raise our fence higher to maintain our privacy. So when the East Lot went up for sale, we started doing some figuring, and once we had a friend (who may or may not want to reveal their identity) offer to loan us the money above what we could raise from our own immediate resources, we put in an offer back in August.
( Then Things Got Interesting )
Late on Tuesday, we finally heard from the title company, who said that Lisa and I could come to their office and sign all of the necessary remaining documents for the title transfer, get the final amount we needed to pay including the closing fees and taxes, and get the wire-transfer information. As the title company's office is across the street from the Wigwam Casino-Restaurant and thus only above a five minute walk from our house, that was just fine with us.
On Wednesday afternoon, Lisa and I walked over to Stewart Title and signed the pile of papers. The closing fees and taxes were less bad than I feared (around $1,300). We went home and I initiated the wire transfer. This was much easier than when we bought Fernley House in 2011, when I needed to get a cashier's check, and when the Bank of America branch was very reluctant to generate it for me. I could do the wire transfer ($30 fee) online. The only minor hitch was that it was after that days cut-off time, so the money wouldn't go through until Thursday. I figured that meant we would close escrow possibly on Friday.
Somewhat to my surprise, the title company called me around mid-day Thursday and said the wire had completed and escrow had closed. I walked over to their office and collected the title papers. Later that day, the Realtor came by and took away the For Sale sign. (They never did put a Sale Pending sign on it, which also worried us at the time.) Lisa and I now own roughly 2.5 times as much land as we previously did: 0.41 acres (about 18,000 ft2) or 0.17 hectares (about 1,700 m2). A vast spread it is not; however, it probably about what we can maintain, and we now have defensible space that won't be turned into something looming over us and cutting off our view.
