Selling The Farm
When it came time to sell the farm, I went to Karl Norwood of Norwood Realty. The first thing you noticed about Karl, who’s now 74 or 75 years old and probably thinking about retirement, is that he had a handshake that was so firm that I would call it a death grip. I put the sale of the farm in his hands.
I think you could say I was sick at the time from too much cocaine. He got me a price of $27,000 an acre on 10 acres with 325 feet of frontage on a four-lane highway. I had to take that money and buy a house in Hollis. It cost the whole $270,000 for a house that flooded with 8 inches of water on two occasions in 17 years. It was the cheapest kind of nice house on the market in Hollis at the time. The planes told me long after the sale that I was not the only victim of Karl Norwood’s greed.
Then, two beautiful flat pieces of land with no stones, 17 feet to groundwater, were available. I got a million dollars for about 20 acres. With five acres of the farm that I held onto until eight years later, I entered into a land lease that pays me almost $30,000 a month for 65 years. At the end of 65 years, I get back the land and the buildings on it.
My favorite realtor that I did two real estate transactions with was Nancy Hubert, retired, who had an office on the Milford Oval.