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Vince's Northwoods Notes blog is dedicated to providing market statistics, real estate news and listings, and community information relevant to Manitowish Waters and the surrounding communities of Northern Wisconsin.
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It is conventional wisdom these days that selling and buying real estate is all about price, but that is an over simplification -- the property in question must offer price with value , and though often confused with each other, price and value are not Read More...
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One of my posts on the home inspection contingency has received 1,458 views since written last August. I also covered the topic in May and December , but these posts, for whatever reason, have not been as popular. Apparently there is something about my Read More...
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On occasion one of the parties to a real estate transaction finds him/herself wondering "What comes next?" Or it might be "What comes after next?" From the beginning of a transaction to the end there is a certain flow to the process, Read More...
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As graphical representation of data for a post on my Northwoods real estate outlook for 2010 earlier this month, I charted 4th quarter closings of the sale of single family homes in the years 2006-2009. This chart represented closings throughout the entire Read More...
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It's time to make some predictions about how the real estate market will fare in Wisconsin's Northwoods in 2010. My crystal ball is just as murky as the ones belonging to all the other prognosticators, and my forecasts may be worth only what you Read More...
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My previous blog posts ( May 29th and August 3rd ) about the home inspection contingency and how it is constructed in the Wisconsin WB-11 Residential Offer to Purchase continue to receive beaucoup views, averaging about 7 per day for the last 6 months. Read More...
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Tuesday the sale of this home on Island Lake right here in Manitowish Waters closed. It originally went on the market back in 2005 with a list price of $1.8M. Four bedrooms, four baths, and 450 feet of sand frontage. A nice property, to be sure. The last Read More...
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Following up on my previous post, here are additional statistics form the National Association of REALTORS Profile of Home Buyers and Sellers 2009 : Forty-seven percent of recent home buyers were first-time buyers. The typical first-time buyer was 30 Read More...
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The National Association of REALTORS has just released the 2009 version of the association's annual Profile of Homebuyers and Sellers . One hundred and sixteen pages long, the report contains many interesting statistics and details ranging from very Read More...
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Earlier this year I wrote about how foreclosures are a rare occurence in Manitowish Waters and my reasons for thinking why this might be so. Well, two more notices of sheriff's sale were posted at the Community Center just this morning -- an off water Read More...
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Last Saturday fourteen properties that are/were part of a large estate on Rest Lake of the Manitowish chain were auctioned off. The foreclosure judgement in the amount of $4.6M was entered into last year; attempts to sell the property before and after Read More...
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Time to review what has sold in the last 12 months and see if we can glean anything useful from the information. First, let's look at the Manitowish chain. In the last 12 months, the sales of seven properties have closed; three lake lots and four Read More...
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The blog post on home inspections and the home inspection contingency that I posted on May 29th has been receiving a surprising number of views (for one of my blog posts, anyway). Apparently this is a real estate topic which generates a large number of Read More...
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As a real estate agent, I would never advise a buyer not to write a home inspection contingency in an offer to purchase contract. What I would do is advise the buyer that every house has defects. Some are readily observable; others are hidden. Some are Read More...
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There are two types of homes selling in today's buyer's market. Let's call them: The "Opportunity House", and The "Deal House" Before we get into 1. and 2. above, we first need to agree that today's real estate market Read More...
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