We Hope We've Sold the Ventura Building
This afternoon we are supposed to go to Atascadero to close the escrow on our commercial property (two buildings, one lot) in Ventura, California. We have written before here about one of our trips we took to manage it and although Ventura is a beautiful place, we rarely have the chance to see anything there not in the vicinity of the building. The past article shows the photos of the shops that were there on that trip so you can get an idea of what the building looks like. In back of the commerical building, with a courtyard in between them, is a two-story duplex. The photo at the top here shows a cropped version of the building front. The other photo shows the commercial building with its neighbors.
Although the property was a good investment when we bought it and has certainly had a better return on money invested than that money would have made in the bank or maybe in the stock market, managing it now that we've moved three hours away from it has been a pain. The necessary trips are getting harder and harder on my husband, and on me when I go with him, as we grow older. Neither of us knows how much longer we will live and I know I don't want to have to ever manage it my myself. So we put it on the market last year and for months we've been haggling with the buyer, chasing paper, making trips to see that things are inspected and any problems are fixed, etc.
We've made the repairs we knew we'd have to make even if we kept the building, the most recent being an expensive sewer line replacement. The buyer finally got a loan last week, and today we are supposed to sign the papers to close escrow. I still don't believe everything will go smoothly, since we never did find that piece of paper from the title insurance company from when we bought the building. I'm trying to think positive thoughts, but I won't believe the deal has closed until the money is in the bank. This escrow was supposed to close on August 31.
I hope this won't be another wasted trip, since I really don't want to ride in the car again today. At least my doctor's orders have prevented our having to go to Santa Barbara to sign as we usually have to do. The escrow people are coming to one of their offices in our area. I'm very thankful for that. The short trip home on Saturday was quite hard on me and I'm still feeling the effects of it.
When I get home, I'll let you know what happened.
Pictures and content are original and may not be used without permission, B. Radisavljevic, Copyright 2014, All Rights Reserved
Image Credit » I took the photo and edited it.