This past Saturday my better and half and I decided to take advantage of arguably the most beautiful back-to-back days of the year in terms of weather and went for a lengthy walk. While strolling past a neighbor’s house I noticed he was busy getting ready to stake a “For Sale by Owner” sign into the ground.
Selfishly this set off some minor internal alarms, since he owned what anyone would consider an older and decidedly smaller home, I knew instantly that anyone who bought it would immediately target the property for an immediate tear down and replace it with a much larger structure.
So, we got into a brief but lively conversation about his plans. His children were now grown and had moved out of state and he was growing weary of the seemingly endless New York winters (boy was I with him on that one). They had acquired a piece of property near Naples, Fla., on which they had planned to build their retirement villa.
But first, he had a laundry list of home improvement jobs that had to be completed. At the top of that itinerary was repaving his driveway, then painting several rooms as well as re-grouting his master bathroom.
Strangely I equated this “to-do” agenda with a CPA firm owner who decides its time to wind down and look for a successor firm providing his bench wasn’t deep enough to carry on internally. Almost always there’s work to be done to make a firm more attractive for a sale. Very few CPA firms I’ve seen could be classified as being in “move-in” condition.