Vince Hoehn of CENTURY 21 Pierce Realty LLC, Manitowish Waters, WI

February 2011 - Posts

• Why do some properties receive multiple offers, and so many others none?

  The sales of two of my listings closed today, and these properties have something else in common -- both received multiple offers. The home on North Farming Road has essentially been under contract during the entire one year term of the listing. The first Read More... Posted Monday, February 28, 2011 2:58 PM by Vince Hoehn | 0 Comments Filed under: Real Estate, Buyer Information, Seller Information

• Lake Tides newsletter -- check it out.

  Have you heard of the Lake Tides newsletter published quarterly by the Wisconsin Lakes Partnership? Subtitled The newsletter for people interested in Wisconsin lakes , it is, I believe, a collaborative effort of the University of Wisconsin - Extension Read More... Posted Saturday, February 26, 2011 1:11 PM by Vince Hoehn | 0 Comments Filed under: Community Information

• Pending Transactions

  I have transactions pending for two of my listings -- Lot 19 of Squirrel Lake Island in the Town of Minocqua, and a home on North Farming Rd in Arbor Vitae -- both to close later this month. Sale prices to be available after the closings. http://www.vincehoehn.com/Listing/ViewListingDetailsAuthenticated.aspx?ListingID=32851918&Preview=False&LastTabIndex=0&BackEmailID=-1&BackEmailTypeID=NONE Read More... Posted Saturday, February 12, 2011 3:18 PM by Vince Hoehn | 0 Comments Filed under: Buyer Information, Seller Information

• Are you guilty of attachment bias?

  Or as it may be more properly known, the endowment effect? The endowment effect is a theory of cognitive bias (flaw in judgement) first proposed by economist Richard Thaler. Thaler stated: "This pattern -- the fact that people often demand much more Read More... Posted Saturday, February 05, 2011 4:08 PM by Vince Hoehn | 0 Comments Filed under: Real Estate, Buyer Information, Seller Information

• Fourth Quarter Sales Stats Charts for Manitowish Waters and Surrounding Communities

  Yesterday I posted a line chart graphing 4th quarters closings in units by year of single family homes throughout the Greater Northwoods Multiple Listing Service. Today I am restricitng the geograhical area to the area that I generally work -- the towns Read More... Posted Saturday, February 05, 2011 12:26 PM by Vince Hoehn | 0 Comments Filed under: Market Conditions, Buyer Information, Seller Information, Market Statistics

• Bank rejects own offer.

  Here is a link to a story that is illustrative of the difficulties faced by real estate agents working with short sales and foreclosures and the buyers and sellers of same. These types of transactions do not make up a big part of my business (and before Read More... Posted Saturday, February 05, 2011 10:33 AM by Vince Hoehn | 0 Comments Filed under: Market Conditions, Buyer Information, Seller Information

• Fourth Quarter Sales Statistics Chart

  This took me a little by surprise -- using data from the Greater Northwoods Multiple Listing Service database, I charted closings of single family residential homes throughout the entire MLS for October, November, and December 2006 -2010. I created a Read More... Posted Friday, February 04, 2011 11:07 AM by Vince Hoehn | 0 Comments Filed under: Market Statistics

• A new Facebook community page for Manitowish Waters

  A couple of weeks back I decided to create a Facebook "community" page for Manitowish Waters -- a "company" page already exists called Manitowish Waters. Wisconsin -- but it wasn't quite what I had in mind. Nor the "city" Read More... Posted Wednesday, February 02, 2011 11:38 AM by Vince Hoehn | 0 Comments Filed under: Announcements, Community Information