So a couple of weeks ago, out of the blue, someone calls me and they are interested in the land. I said talk to J, thinking he would never agree.
To my surprised, my brother called me and we had a nice conversation. He said he wanted his friend who owns a RE company to check the contract out. I agreed. He then called me and said that his friend talked to the lawyer. They knew the company and said they were legit. He then said that his friend was on vacation and would be getting back next week. He said we would probably know more on Tuesday (today). He said chances of it going through are 60/40. I don’t know where he gets his percentages from. A big factor in all of this is that the company needs an answer by Friday or the deal is off.
J asked me to call everyone else and to see what they thought. Everybody felt like selling the land was a good idea. The price offered is 325,000 which divided by 5 is 65,000. So maybe that would not pay for a POH bracelet, but it’s a lot of money to me. This is embarrassing, but Jen and I are really in debt, and this would pay off all of it, plus we were going to delead the house. Jen had talked to her boss about switching to the weekend program so that we she could make more money when I was in law school. Once she heard about this however, she thought perhaps she wouldn’t have to do that.
So anyway, Tuesday comes, and my little brother emails me to ask what’s happening. I don’t know. So I called J and get his voice mail. Now remember, we are waiting for his friend that he insisted that we used.
J doesn’t call back. So I call on my work phone knowing that he wouldn’t recognize the number. He picks right up. I asked what’s happening with the land. He says he doesn’t know. I asked him what the game plan was.
And he says, “You sound like your counting on this. I don’t like that. You should just forget about it.”
I say, “I know it might fall through but I would be lying if I didn’t say I am excited.”
He says, “Just forget about it. I don’t even know about this. I would say it isn’t even 60/40.”
I said fine and we hung up.
Now everyone has agreed to sell. The only thing holding us back now is his consent, and whatever is happening with the realtor. Honestly, I think the reason why he is wavering is because he has to be in complete control. It would have been much smarter for me to pretend not to care, but I am not the Buddha. I was excited.
Now, I am trying to decide what to do. This is exactly the reason why I didn’t want to be on the deed. Complicating everything is that my dad is very sick and we stand to inherit more land. There is also a healthy annuity that we will receive. So, a part of me really feels like if this falls through, for my own sanity, I should just ask my brothers and sisters to sign the Termination of Joint Tenancy. A part of me even wants to ask my dad to take me out of the will. However, my dad has been so incoherent lately, I am not sure if he wouldn’t even understand what I am saying.
Another part of me wonders if I am not robbing my son of some of his inheritance. It’s not easy to accumulate wealth, and I essentially would be forfeiting mine except for the annuity. But then again, I wonder if there aren’t more important things than money to leave your kids.
So what do you guys think? What would you do?