T - Together
E - Everyone
A - Achieves
M - More
As an entry into this month's Craziest Transaction Challenge, I'm going to write about a transaction that was more interesting and educational than crazy. You decide if it is fact or fiction.
As many of you know, I started blogging before most people even knew what a blog is. I was fortunate to begin early. I was the first in Wenatchee to start a blog and the only one who consistently blogged even after others started. I blogged every day from September 2005 until I retired in November of 2011. My Google rankings were off the charts, holding 7 of the top 10 spots on Google for Wenatchee real estate.
One day I had HGTV call me investigating the possibility of doing a segment with homebuyers in Wenatchee. Nothing came of that. I also had Time Magazine call me in the mid-2000s when Wenatchee was rated the #1 appreciating real estate market in the entire nation. I think I might have gotten a mention in one of their publications but not sure about that.
The most interesting (even exciting) call I received, though, was from a Microsoft executive asking about land in Wenatchee. He and a group of friends were interested in buying a parcel of property to subdivide and build homes for themselves. There were 9 couples and they would use these as second homes until they retired. Essentially, they wanted to create a small neighborhood for themselves.
For those of you not familiar with the geography of where Wenatchee is located, Microsoft is located just 150 miles west of Wenatchee in Redmond, Washington. Wenatchee is a popular weekend get-a-way for many folks living on what we call the "wetside" of the state.
This call sent me looking for land. As it happened, there was a small subdivision that had just been developed in an area near the golf course where I play. There were 13 lots, which was a little bigger than what they wanted but I presented it to the "leader of the pack." To my surprise, he came over and looked at the property and said he thought it might work for them. He said the extra 4 lots could be perfect for a clubhouse for activities and events and play area for their kids. He went back to his friends and arranged for all of them to come over and discuss the possibilities. I rented a small bus and took them around to some of the land options available. The one with the 13 lots was most appealing since they wouldn't have to go through the long process of developing the subdivision.
This was turning out to be a very exciting venture but I was feeling overwhelmed with all the responsibilities of managing this large of a transaction for my out of area clients. I already had a pretty full plate managing my real estate and property management office.
So, I enlisted the help of a good friend who worked the development side of real estate for another company. We worked through all the details of our agreement and were off and running. We agreed he would take the lead from here on out and keep me in the loop throughout the process.
This story is already getting long so I won't go into the details. Although my friend took the lead once we got everyone signed up, he kept me in the loop throughout the process. We hired 3 different builders to work with to get the homes built and a different builder to do the clubhouse. With all the planning and details this project took nearly two years to complete.
Although the final commission check was issued in August, it turned out to be a very Merry Christmas that year.
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