The Winni Waterfront Report August, 2018
There were 25 waterfront homes sold on Lake Winnipesaukee in August. The average sales price came in at $1,351,600 and the median price point was an even $1 million.
The entry level sale was at the Hole in The Wall at 35 Little Bear Island in Tuftonboro. This Hole in the Wall is not where Butch Cassidy and the Sundance Kid hid out, but rather a narrow stretch of water between Little Bear and Devens and Cow Island. It still is a good place to hide out though and I bet the new owner might be doing that right now. This five room, two bedroom, 1,075 square foot cottage was built in 1962 and sits on a 2.58 acre lot with 100’ of frontage. It’s a typical vintage cottage with rustic features including lots of pine walls, bead board, vaulted ceilings, loft area, wood stove, fieldstone fireplace, a screened porch and a deck running the length of the house. There’s also an large 18’ wide deck the the water’s edge for docking. This property was listed last year at $350,000 and was reduced to $290,000. This year it was reintroduced at $295,000 and sold for $280,000. The total time on the market was 294 days.
The median price sale was on Smith Cove at 9 Davis Rd in Gilford. This contemporary cape was built in 2003 and has 2,700 square feet of living space with three bedrooms and two and a half baths. The main level has a gourmet kitchen with stainless appliances, center island and hardwood floors that continue through the dining and into the living room which features cathedral ceilings and a hearth with a gas stove. French doors lead out to a large lakeside porch. There is a first floor master and two bedrooms up. The second floor also features a large family room perfect for those rainy days. The house sits on a .32 acre level lot with a sandy beach and permanent dock. There are great lake and mountain views and plenty to watch with all the activity in Smith Cove. This property was listed at $949,900 and went under agreement in just five days at an even million. That tells you how nice it really is!
The highest sale for the month was at 520 Edgewater Drive on Governor’s Island in Gilford. This home was built in 1999 and has 11,120 square feet of living space, six bedrooms, six full baths and four half baths. Obviously, this home has everything one would expect in a waterfront estate including a fabulous kitchen, formal dining room, living and family rooms, four fireplaces, a conservatory, hobby room, spa, a home theater and even a room with a computerized golf game! There’s a carriage house with guest quarters and a five car garage. The 2.82 acre lot is impeccably landscaped with lawns, rock walls, lakeside patio, and mature plantings. It has 290 feet of frontage with a breakwater, fifty foot dock, boat lift, and a beach. This property was first offered in March of 2016 for $9,950,000, relisted in December 2016 for $8,950,000, and then this year at $7,995,000 and brought a buyer at an even $5 million. Yup, just about half of where they started! Total time on market was 690 days.
There were three sales on Winnisquam in August. A three bedroom, two bath, 1,899 square foot contemporary home built in 2000 on a 1.09 acre lot with 264’ of frontage at 133 Leighton Ave South in Laconia. It was listed at $630,000 and sold for $615,000 after just seven days on the market.
A 1986 vintage, 3,689 square foot, four bedroom, three and a half bath home on a .93 acre level lot with 150’ of sandy frontage and a 50’ dock at 15 Sands Terrace in Laconia. This property was listed at $1.1 million sold for $1.09 million in 15 days. I bet it is nice!
The third sale was also in Laconia at 25 Eastman Shore Drive. This home was constructed in 2015 and has 1,964 square feet of living, three bedrooms, two baths, a gourmet kitchen with Thermador stainless appliances, granite countertops, first floor master suite, hardwood and tile floors, and a bunk house. The house sits on a .86 acre level lot with 171’ of frontage, a sandy beach, and like the other two sales has those desirable westerly views. It was listed at $1,199,900 and sold for $1.25 million in 8 days. So, as you can see, nice properties are selling quickly if the price is right!
Data compiled using the NEREN MLS system
What’s a FROG?
There were 868 single family residential homes listed for sale as of September 1, 1008 in the Belknap County communities plus Moultonborough, Tuftonboro, and Wolfeboro. The average asking price was $695,562 and the much more palatable median price was $349,999. This inventory level represents a seven month supply of homes on the market.
The Lakes Region Professional Porch Sitters Chapter 603 met for its annual Labor Day Porch Sitting Invitational at the home of Megan Bowman. She is one of those Millennial Real Estate agents who is great at digital on- line marketing and communications. She writes and speaks fluently in text abbreviations making her an ideal agent to work with younger buyers and sellers that prefer to communicate though non-verbal methods. Verbal communications among this group of consumers is rare and to the untrained ear, mostly ambiguous.
Little Stevie Prestone, Dirk Davenport, Rollie Rollins, Bubba Gunther, and Travis D. Coletrain and I arrived at her porch at the appointed time. Another Millennial Real Estate Agent, Ainsley Grantham, was already there and deep into a real estate discussion about a failed septic system, radon remediation, and what kind of paint Ainsley should use on a project. Sometimes the millennial text acronyms battled with our everyday real estate acronyms providing a bit of a jumbled dialog.
“You can use LOL, but not OOL,” Megan was telling Ainsley . Looking confused, Ainsley replied, “What the heck are you talking about? You can Laugh Out Loud, but you are not Out Of Luck?”
“No, no, you can use Latex Over Latex but not Oil Over Latex,” Megan clarified. She watches a lot of HGTV.
Megan greeted us and started to show us around her home. “This is our EIK with SS apliances, here’s the LR with Cath clg and FFgas, here’s the FDR, and we have a FM RM for the FAM down in the LLW/O. The MSTR is over here and there are two BR’s down that way.”
She abruptly turned to Bubba and said “You wanna the FROG??” To which Bubba said “See the what?” And, Megan goes “My FROG… the Finished Room is Over My Garage!”
On our way back down to the SCRND PRCH, Ainsley points and says “ICYMI, there’s the HB.” To which Dirk responds, “ICBM’s?” “No, No, Dirk!” Ainsley responds, “In Case You Missed It, there’s the bathroom!”
We took our seats on the SCRND PRCH which overlooked the YD and provided long distance MTN views. Rollie helped Ainsley and Megan get some Porch Crawler Beverages…now known as PCB’s (not the toxic kind)…and we opened the meeting with a discussion about Labor Day.
Travis enlightened us to the history of the establishment of Labor Day and how it was intended to celebrate American workers. It has now morphed into a three day holiday weekend marking the end of the summer season in the Lakes Region and the retreat of the hoards of vacationers (and home buyers) back down I-93. That means real estate does slow down a bit this time of year! Megan was amazed that the holiday has nothing to do with childbirth.
“But, FWIW,” he continued, “as that old Buffalo Springfield song goes, there is something happening here…we can get back to normal and work the EXP and FSBO listings. We can work on our DM campaigns and update our CRM programs. We can improve our HDR skills. We can get our CBR or GRI certification! There is no end to the acronyms we can exploit!”
“SMN!” yells Little Stevie Prestone!
“OMG, what does that mean?” asked Ainsley.
“Shoot Me Now, I think?” I replied.
And, just for the non agents reading this: EXP = Expired Listings, FSBO= For Sale By Owner Listings, DM= Direct Mail, CRM= Customer Relationship Management, HDR= High Dynamic Range Photography, CBR= Certified Buyer Representative, and GRI= Graduate, Realtor® Institute. TGIF…
Data compiled using the NEREN MLS system.
South Down and Long Bay Sales Report – July 2018
There was only one sale in South Down and one in Long Bay in July 2018. Must have been the heat?
A 1,600 square foot, three bedroom, two and a half bath unit at 6 Independence Way in Colonial Hills was listed at $209,000 and sold for $184,250 after only 18 days on the market. There wasn’t a lot of info about the unit on the MLS but it said it was in move-in ready condition and has a one car garage!
The other sale was at 64 Long Bay Drive. This custom built home has 4,200 square feet of space with five bedrooms including a first and second floor suite and four baths. The hose has been recently updated and features hardwood and tile floors throughout, new quartz counter tops in the kitchen and baths, stainless steel appliances, a gas fireplace, new HVAC system, whole house generated and a three car heated garage. This home was listed at $629,900, was reduced to $599,900 and sold for $575,000 after 169 days on the market.
Data compiled using the NEREN MLS system
The Dog’s House
It seems we have made it through the dog days of summer once again! The humidity has dissipated so my dogs will actually go outside in the yard for a while to play. That reminds me that there are really only two kinds of buyers for any house. There are buyers with dogs and buyers without dogs. It is just that simple.
According to the 2018 National Pet Owner Survey about 60.2 million families own a dog…or two. They say the average is like 1.6 dogs per family. Not all of these families own a home, but one statistic is that homes owners are three times more likely to have a dog than someone that rents…so a lot of home buyers have dogs!
I just put a home under agreement with a couple that have two dogs. Their first and foremost concerns were where they could put a fence for the pups and where could they walk them. They are arranging to get the fence installed before they move in. Of course, some other extraneous stuff mattered, like whether they really liked the house and the neighborhood, but if they could not have had a fence and could not walk the dogs safely they would definitely not have put an offer in on that property.
Most home buyers with dogs, or should I say dog lovers buying a home will put their furry little buddies’ needs ahead of their own. They aren’t looking for a home with a dog house out in the back yard. They are looking for a house they can “share” with their best friend. Safety is a big concern for dog owners. No one wants their pooch flattened by a semi-truck rolling by. I have never had that concern with cat owners…I guess they just go get another cat.
My wife and I have purchased four homes in the past 28 years in the Lakes Region. We also have purchased what seems like a couple miles of fencing along the way to keep the critters from exploring where they are not supposed to be. We always have had Dobies and it seemed like if we took them outside the fenced area they would slyly watch you to see when you were not looking directly at them and then they would bolt into the bushes and be gone. They are fast. Hence, the fence. Now we have Boxers, but they seem to stick closer to home..
Anyway, buyers with dogs look for properties that provide good outdoor space for their pups. Another thing that is important is easy egress to the fenced area. You don’t want your Lhasa Apso going down twenty steps off the porch in a snowstorm to do her business. That is just not acceptable. Besides, you might go sliding down those icy steps yourself. And, as with our human aging population, consideration should be given the senior canine in the home. Ranches are preferred or you might need to install a doggie elevator.
The house you purchase for your pup should have lots of windows. Preferably ones that go low to the floor so he or she can look outside to make sure no illegal alien critters are in the yard or that the oil delivery guy is only doing what he is supposed to be doing out there. We do not have a single clean window in our house…nose prints on every one of them. They are impossible to keep clean but that is just life in the dog’s house.
If you plan on having lots of puppies, tile or hard wood floors are preferred over wall to wall carpet. Accidents do happen a lot at first. A wood stove should be mandatory as dogs love the heat in the winter and will curl up for hours. And, a custom built-in feeding station would be perfect.
The MLS system does not make it easy to find a good dog house. Sure, you can denote “fence dog” or “fence invisible” in the system. But there ought to be criteria like “ideal dog property” or “barking welcome” or “dog friendly interior.” And, with 60.2 million families owning dogs, how come there isn’t a website like Realtordog.com or Zillowtails.com to make life easier?
There were 151 single family residential homes sold in July 2018 in the communities covered by this Lakes Region Real Estate Market Report. The average sales price was $399,345 and the median price point was $261,000. I wonder how may dogs have new yards to explore??
Data compiled using the NEREN MLS system.
Winni Waterfront Report – July 2018
There were eighteen waterfront sales on Lake Winnipesaukee in July of 2018. The average sales price came in at $1,156,253 and the median sales price stood at $1,067,032. That brings us to seventy one sales at an average price of $1,183,335 in the first seven months of this year.
The lowest priced sale was in Alton at 90 East Side Drive. This property consists of a 1940’s vintage, three bedroom, one bath home on a .5 acre lot across the street from Winnipesaukee and .01 acre lot with a L-shaped dock on the lake. This 1,327 square foot home has nice original features like hardwood floors and woodwork, wainscoting, and a living room with a wood burning fireplace. There are great views of the lake from the enclosed front porch and deck. You can’t miss any of the action in Alton Bay from here. The property was listed for $399,000 and sold for $350,000 after 18 days on the market.
The median price representative this month was at 312 Redding Lane in Moultonborough. This 952 square foot, four room, two bedroom home sits on a level 1.5 acre lot with a two car garage, 150’ of frontage, two docks, a sandy beach, and western exposure. Not a lot of info was given in the MLS but it does say it was transferred with a life estate. The property was listed previously in 2009 but sold this year for $1,009,065 without being put in the MLS system.
The highest sale for this month was at 81 Timber Lane in Wolfeboro. This 6,200 square foot Adirondack home was built in 2011 to exacting standards and has that true lake home feel with natural woodwork, wainscoting, hardwood floors, exposed beams, and wood ceilings. It has four bedrooms including the sumptuous first floor master suite and four and a half baths. The open floor plan of the main level features a two story great room with a towering field stone fireplace, dining room, and a chef’s kitchen with granite counter tops, center island, and stainless appliances. There’s plenty of entertaining space with a second level recreation room and a lower level family room. The wrap around deck has glass railings for unobstructed views of the lake from inside and outside the home. This home sits on a .57 acre lot with 101’ of frontage, a perched beach, and dock. The home sold at the full price of $1,995,000 after just four days on the market!
There were three sales in Winnisquam in July. A recently renovated, 1958 vintage, 1,066 square foot, three bedroom two bath ranch style home on a .49 acre lot with 102’ of frontage at 340 Leighton Ave North in Laconia found a new owner. This property was listed at $625,000 and sold for $570,000 after 21 days on the market.
Just up the road at 91 Collins Brook Rd in Meredith a 2,144 square foot, four bedroom, three and a half bath home built in 1981 also changed hands. This inviting home has three levels of living plus apartment space above the detached two car garage. It sits on a .66 acre lot with 230 feet of frontage, a perched beach, and deep water docking. This home was listed at $759,900 and sold for $738,000 in just 8 days! It must have been nice!
The largest sale on Winnisquam was at 51-2 Cogswell Rd in Sanbornton. This home is a 1,446 square foot, three bed, one and a half bath cottage built in 1978 just ten feet from the lake. You can’t do that anymore! If there isn’t enough room for everyone in the cottage there is a bunkhouse with two beds and a bath. The house sits on a three ace lot with 163 feet of frontage. The property was offered at $975,000 and sold for an even $900,000 in 17 days!
Data compiled using the NEREN MLS system.
The Real Estate Detective
As of the first of August, there were 863 single family homes for sale in the communities of Belknap County plus Moultonborough, Tuftonboro, and Wolfeboro. The average asking price was $712,535 and the median price point was $372,000. This inventory level represents a seven month supply of homes on the market.
I found that it was a great honor and privilege to be asked to interview Philip Marlowe about his long and successful career as a private eye and his new job in “retirement” as a real estate detective.
RS: “Mr. Marlowe, thank you for taking the time to chat today. You are obviously very famous to the older generations but most millennials may never have heard of you. Can you tell us a little about your early career?”
PM: “Sure, sure. But there ain’t much to tell. No visible scars. Hair dark brown, some gray. Eyes brown. Height six feet, one half inch. Weight about one ninety. Name Philip Marlowe. Occupation private detective. I was always near broke and always taking on jobs that got me into jams like looking for missing people who usually would turn up dead or they’d be murdering someone else. I got sick of getting beat up and shot at so I moved East, retired, and took this part time gig as an agent in the NAR, the National Association of Realtors®…I actually thought I was joining the NRA but I have always been a little dyslexic… or maybe it was the bourbon. I started my own company called the Real Estate Detective Agency…pretty catchy, right?”
RS: “It is pretty easy to understand what you did as a private eye. I guess everyone has seen a few movies based on your life like “The Big Sleep,” “The Long Goodbye,” or “Farewell, My Lovely.” How does your work as a private eye translate into the world of real estate?”
PM: “Well, that’s kind of a mystery, too, ain’t it? But it works! You see being a private eye and a real estate agent are pretty similar when you get right down to it. I always worked for little or nothing until I solved the case or found the missing person. In real estate you don’t get paid until you sell something. A private dick might think he works for himself, but he really is working for his clients’ best interest at all times…at least if he is professional about it. Same goes for a real estate agent. The big thing is you gotta understand people…you gotta separate the bull from the fact and figure out what they really want.”
RS: “Real estate is all about people, finding what they really want and delivering it! So, you have been a private dick for a long, long time. I bet you’ve seen a lot of changes and improvements in how things are done and in technology over the years, right?”
PM: “Sure, sure. Back then, I needed a drink, I needed a lot of life insurance, I needed a vacation, I needed a home in the country. What I had was a coat, a hat and a gun. I put them on and went out of the room. But today, their ain’t no phone booths anymore. You gotta have a cell phone, a computer, but it still helps to have a gun.”
RS: “I bet some of your observation skills as a private dick come in handy in the real estate game, right?
PM: “Sure does, you really gotta pay attention and not be fooled by the looks of something. For instance, I drove in to look at this house the other day and from thirty feet away she looked like a lot of class. From ten feet away she looked like something made up to be seen from thirty feet away.”
RS: “You said that once in one of your movies about a woman didn’t you?”
PM: “Sure did, but I was standing forty feet away at the time. There is always a dame. Some days I feel like playing it smooth. Some days I feel like playing it like a waffle iron.”
RS: “Tell me, what’s your newest listing like?”
PM: “The house itself was not so much. It was smaller than Buckingham Palace, rather gray for California, and probably had fewer windows than the Chrysler Building.”
RS: “Do you have any advice for new real estate detectives just getting started?”
PM: “Sure, there is no trap so deadly as the trap you set for yourself. And remember, ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it.”
RS: “That’s pretty astute advice from someone 115 years old! How long do you intend to stay in the business?”
PM: “To say goodbye is to die a little…so I could be doing this a long, long time”
Just to be clear…Quotes in black italics are from the books by Raymond Chandler. Check out the movies based on the novels, you might learn something, kid!
Data compiled using the NEREN MLS system .
Photo via Pexels
Simple DIY Projects That Will Increase Your Home’s Value and Attract Buyers
Calculate How Much You Can Spend on Repairs
Before spending money on any home repairs, find out how much your home is worth as-is. There are many websites online that will help you come up with your home’s estimated market value. You can also talk to your real estate agent and ask them to run a comparative market analysis to find similar, nearby properties that sold recently. Take a look at the listing price of other properties in your area and make sure you can match their competition.
Once you know what your home is worth, estimate how much value you can add by making repairs. For example, replacing the siding on your home typically recoups 92.8 percent of its cost when you sell. Similarly, minor kitchen remodels also tend to have a high ROI.
Increase Your Curb Appeal
According to Inman, improving the exterior of your house is one of the most important things you can do before selling. First, give your trim pieces and front door a fresh coat of paint. You can touch up your outdoor lighting fixtures with fresh spray paint or replace them completely. The hardware around your entrance, such as the knocker, door handle, mailbox and house numbers can all be updated to give the house a polished look.
Next, get rid of junk and yard equipment cluttering your lawn. Pack away kids’ toys and any other personal belongings. See how much difference a simple pressure wash makes to your porch, pathways and driveway. Finally, update your landscaping with new plants and mulch.
Update Your Kitchen
Instead of remodeling your entire kitchen, focus on a few easier fixes that will instantly make your home appear updated and well-maintained. If you have wood cabinets, sand them down and paint them in a light neutral color. Then, replace old knobs and handles with new, modern hardware. If you have extra time, you could replace your backsplash with a new, stylish design.
Paint Your Walls
Paint is one inexpensive tool that does wonders for a home’s value. According to Forbes, the color that you choose to paint your rooms can have a huge impact on the types of offers you get. For example, houses sell for as much as $5,440 more than expected with rooms painted in light blue and gray shades. Avoid dark paint colors and try to keep everything neutral. Homes with white bathrooms also tend to sell for less than expected.
Replace Carpets with Low-Maintenance Floors
Old, stained, and musty-smelling carpets are one of the biggest turn-offs for sellers. Buyers will make a lower offer if they have to replace the carpet themselves. In fact, most homebuyers don’t want carpet at all, even if it’s new. Hard flooring is always in demand, and even expected, by homebuyers. But, hardwood floors can be expensive and are difficult to install. Look for durable and low-maintenance laminate flooring in a wood look for a cheaper, DIY option.
Update Your Lighting
Dark homes feel smaller, uninviting and dated. One of the most low-effort fixes you can make to increase your home’s value is to update your dated lighting fixtures and add super-bright LED bulbs. Bedside lamps and desk lamps will help make dark areas look more inviting. Under-cabinet lighting will draw attention to beautiful countertops and backsplash. Finally, try using mirrors and light-colored accessories to further brighten up your rooms.
Though all of these fixes can be done yourself, don’t be afraid to ask for advice from a professional home designer or contractor. Importantly, stay safe when you’re tackling any home repairs by making sure you have the right tools for the job. Soon, you’ll see how these simple fixes can help you attract more traffic to your listed home and get higher offers than you expected.
Guest Blog provided by Erin Reyonolds, The DIY Mama. Read her blog at DIYMAMA.net
South Down – Long Bay Sales Report June 2018
The entry level sale of the month was at 20 Golf View in Golf Village. This typical 1,611 square foot, three bed, two bath unit was in nice condition and is located close to the pool. It features a first floor master, a kitchen with granite counter tops, a gas fireplace, and a screened porch. It was offered at $279,900 and closed at $276,500 after 103 days on the market.
A nice single family home at 5 Hemlock Circle in South Down which was originally offered at $459,000 and subsequently was reduced to $442,000 traded hands at $419,000 after 130 days on the market. This turnkey home was built in 1994 and has 2,340 square feet of space, three bedrooms, and three baths. It has some great features including a kitchen/dining room with stainless steel appliances, soapstone counter tops, beamed ceilings, wide pine floors, and a fireplace. Upstairs is a great master suite with updated bath and two guest rooms. The home sits on a .62 acre lot and it has a two car detached garage for the toys! Just a great property!
The highest sale for the month was at 8 Crane Circle in the Beach Club. This 2,876 square foot, five bedroom, three and a half bath open concept unit is pretty sweet! The open concept kitchen/dining/living area features granite counter tops, stainless steel appliances, cathedral ceilings, wood fireplace, and lots of natural light! The walkout lower level has a large den/playroom and two guest rooms. The property was listed at $525,000 and sold at $515,000 in five days. I guess someone though it was pretty nice!
Data compiled using the NEREN mls system.
Real Estate Mess Kit
Ok, so the Lakes Region Professional Porch Sitters Chapter 603 met the other week during that muggy hot-spell and the home of John “Leadbelly” Goode. He has a fantastic porch and there was actually just a little bit of a breeze to make it bearable. What made it more comfortable was that Leadbelly had found this new Porch Rocker beverage down at Case and Keg and was showing it off to Little Stevie Prestone, Dirk Davenport, Rollie Rollins, Bubba Gunther, and Travis D. Coletrain when I arrived.
Leadbelly says, “This is great! It takes all the guess work outta making Porch Crawlers! All you gotta do is add a little high test and some ice! It’s like a porch crawler starter kit!” Dirk pipes up, “I like kits. They make things easy and they have instructions so you can’t mess up! I used to build model cars and airplanes from kits when I was a kid!” Rollie Rollins chimed in, “I had an erector kit when I was little!” To which Bubba says, “You dumbass, that’s an erector ‘set’ not a ‘kit!’ Just like it’s a chemistry ‘set’…there’s no such thing as a chemistry ‘kit!’” It never fails; when you get real estate agents in the same room something will be debated.
“Well, when it comes to houses,” I said, “Sears used to make house kits that were pretty popular back in the day! You know they would send the whole house on a truck with instructions and you’d put it together. They were pretty nice. Maybe if they still made them they might not have to close all their stores. I guess they couldn’t sell enough of those tool kits? Actually, I think you can call them tool sets also, so sometimes it is interchangeable?”
Little Stevie Prestone added, “You know companies are still making do-it-yourself home kits today. There are a lot of log home companies that produce log home kits for people and they are pretty good! There’s even a company right here in NH in Warner called Shelter Kit that produces timber frame cabin, home, and barn kits. I was looking at their website the other day. It is shelterkit.com and it looks like a pretty good way to have someone save some money if they are handy.” Stevie whips out his new iPad (he’s trying to keep up with the times!) and goes on, “They have been in business over 48 years and their website says they provide all ‘the materials to build a complete, weather tight shell, including the frame, siding, sheathing, hardware, roofing and sub floors. Our house kits do not include windows and doors as part of the base price. Our kits are pre-cut and pre-drilled, making them easy to assemble, in 3 to 15 days for many models. All materials are selected for quality and ease of assembly and fit, with the weight of each piece limited to what two individuals can handle.’”
“Let me see that,” says Bubba, “it says that the cost per square foot is anywhere from $28 to $49 per square foot!” “Yes,” Stevie says, “but remember that’s for just the shell…no doors, windows, insulation, cabinetry, foundation, wiring, well, septic, or anything else! But, it could be a good way to save a lot of money if you are a little handy! You’d have to sit down with those folks and figure out the details!”
“I like mess kits!” said Dirk.
“Yeah, you are always thinking of food!” I replied, “We should invent a Real Estate Mess Kit for buyers and sellers to help them out when they get into a real estate mess! Many times those messes come up near the end of the transaction and can be over stupid little things!”
“What would you put in it?” asked Leadbelly.
“Well, I said. You could put in a calculator, compass, a paint brush, and some Kleenex. And, I would throw in a St Joseph statue for the sellers! But I would also include a bunch of money in the kit as money is usually the one thing that will clear up a real estate mess.”
“Good idea, how much?” asks Leadbelly.
“I am thinking there would be three levels; Bronze $1,000, Silver at $5,000, and Gold at $10,000. I’d put the money and other things in a five gallon bucket and sell it to the buyer or seller for the amount of money in the bucket! They’d get all the other great stuff for free!”
“Well, that’s a pretty dumb idea,” Rollie says, “You are gonna sell a real estate mess kit to someone for $5,000 and give them $5,000 back and a calculator? What good does that do?”
“I think that if you get them to understand right up front that a real estate mess can usually be solved with just little bit of money and if they have it in their mind that it is available in their Real Estate Mess Kit things could go a lot smoother… it is all about positioning!”
Still thinking about eating, Dirk says “What about calling it a Real Estate Survival Kit and we put food in the bucket instead of money?”
There were 152 residential homes sales in June in the Lakes Region communities covered by this report. The average sales price was $400,132 and the median price point was $275,000. This brings the total number of sales through June 30 of this year to 598 at an average sales price of $363,000. That compares to 653 sales for the first six months of 2017 at an average of $351,689!
Compiled using the NEREN MLS system.