The Ghost of William Penn Affects Today's Real Estate Transactions

By
Real Estate Agent with Patterson-Schwartz Real Estate
https://activerain.com/droplet/HVd

 

When William Penn was granted sole proprietorship  by Charles II of England of an area almost as big as England itself in 1681, this real estate transaction became one of the most significant documents in the early colonial history of North America.

And talk about advertising--over a period of 3 years, 8 promotional pamphlets appeared, 3 being translated into a foreign language and one being translated into 3 languages.  How would you like your listings to be so widely translated and promoted in an age before electronic communication?

 

1687 DE map

Penn sold over a half-million acres in the first year, but counting on Quaker honesty was not his most brilliant idea. In issuing deeds, metes and bounds were not specified, and purchasers could select their locations. As a result, with the help of a dishonest deputy named Charles Ashcombe, nearly every regulation Penn had laid down for field work was breached.

 The surveys, both authorized and not, almost invariably granted more acreage than authorized. When informed of the mess he was making, Penn, in effect, said, “Bad, boy, stop doing that.” And then he returned to England.  Thomas Holme, Penn’s honest  surveyor general, was left to untangle the mess and deal with an uncooperative Ashcombe.

The attached map, which I found in the Winterthur Portfolio 6 in an article by Walter Klinefelter, used information gathered by Holme. North is to the right, and the northernmost part of Delaware is to the left. Note that Delaware was called the "lower three counties of Pennsylvania" at this time.

Now, I work in both Delaware and Pennsylvania, and it is interesting that banks require a survey in Delaware, but not in Pennsylvania.  I wonder if this is part of William Penn's legacy.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Just for Fun
Location:
Delaware New Castle County Wilmington
Groups:
Delaware Valley Region
Chester County, PA
Heritage Properties, Historic Sites and Antiques .
Give Back
Tags:
historic real estate
real estate in pa
real estate in de
william penns legacy
thomas holme

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,018,216
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

That is a bigger problem than I have seen in my business or the offices.

Sep 18, 2012 09:38 AM #1
Rainmaker
595,388
Carolyn Roland-Historic Homes For Sale In Delaware and S. Chester County PA
Patterson-Schwartz Real Estate - Wilmington, DE
Carolyn Roland, GRI, CRS

Tim--Things haven't changed that much in 300 years. Someone is always trying to get something for nothing.

Sep 18, 2012 10:59 AM #2
Rainmaker
724,201
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Carolyn-Your historic houses certainly seem like an interesting niche and probably you have some fun making discoveries. But the title work for that must really be a nightmare.

Sep 18, 2012 02:05 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
595,388

Carolyn Roland-Historic Homes For Sale In Delaware and S. Chester County PA

Carolyn Roland, GRI, CRS
Carolyn: Tell me more about buying or selling older homes.
*
*
*
*
Spam prevention

Additional Information