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

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  • Deferred maintenance and the home inspection contingency.

    I note that one of my posts on the home inspection contingency is closing in on 10,000 views (Google loves it for some reason), so I decided to “google” the term “home inspection contingency” and see what other folks had to say about the topic.  And what I read (and I didn’t agree with everything I read) gave me ...
    Posted to Vince's Northwoods Notes (Weblog) by 600127 on March 4, 2011
  • 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 contract failed because the hopeful buyer could not sell his present ...
    Posted to Vince's Northwoods Notes (Weblog) by 600127 on February 28, 2011
  • 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 to give up an object than they would be willing to pay to acquire it -- is called ...
    Posted to Vince's Northwoods Notes (Weblog) by 600127 on February 5, 2011
  • The home inspection contingency, Part III - a case study.

    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.  Apparently a large number of people are doing online searches ...
    Posted to Vince's Northwoods Notes (Weblog) by 600127 on December 16, 2009
  • In 2009, single women represent 21% of home buyers.

    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 broad to very precise relating to today's homebuyers and home sellers and their ...
    Posted to Vince's Northwoods Notes (Weblog) by 600127 on December 1, 2009
  • He sells real estate, so he is a realtor, right?

    In my case, yes. But all consumers may not understand that not all real estate sales agents and brokers are REALTORS (all capital letters; it's a registered trademark.) Here in Wisconsin, for one to practice real estate, he/she must be credentialed by the Department of Regulation and Licensing to do so. To obtain the credential, this normally ...
    Posted to Vince's Northwoods Notes (Weblog) by 600127 on December 23, 2008