The 1980’s were dynamic and a lot of fun for many real estate professionals in the Lakes Region. The decade led off with a recession, high unemployment and business failures at their highest levels since 1932. The decade became known for its outrageous greed, with a lot of free and easy capital and higher doses of leverage. Leverage can magnify gains as well as losses. The result was the creation of one of the best buying opportunities I’ve seen in real estate or one of the worst real estate depressions in history.
If you’ve considered selling, it may be a great time to list your Lakes Region home, while prices are still up. They can’t stay that way forever.
To illustrate, I’ll share an amazing story I was told in the late 1980’s by Bryan, a young man with an amazing mullet, one that would have made Billy Ray Cyrus proud.
Laconia, NH- Tower Hill Cottages located at 220 Endicott Street North in Laconia NH has recently been sold to Richard Spinosa. The seller, Michael Croteau of MPC Hospitality did a great job operating the property over the years with a strong repeat business.
Have you driven by the Village Store lately?
The centerpiece of a small town’s culture has throughout history been a mercantile gathering spot: A place to catch up on the local news, gossip and tell tall fish tales while stocking up on daily provisions.
According to the New England Real Estate Network’s multiple listing service (MLS), 50 Lakes Region bungalows are for sale, under agreement or were sold within the last year. Okay, so that’s not exactly breaking news, but if you and I toured each of these properties that are collectively referred to as “bungalows,” you’d be astonished by how widely they vary.
A Realtor’s® job is to sell properties for and to clients. But in some cases houses sell people more than people sell houses. Your property is the product that either attracts or repels buyers. That means that in order to sell a home you’ve got to think like a buyer. Buyers will often see your home differently than you do.
For many individuals the thought of owning a lake home is a dream. For others it becomes a reality…a dream come true.
Interest rates are rising, but we are still in a low-interest rate environment. Here’s a breakdown on what this all means for homebuyers.
Inspiration from a story about a single mother from Little Rock, Arkansas, on overcoming seemingly impossible real estate challenges.
Be honest… is your home in need of some repairs? Because if you ever want or need to sell your property, the honest answer to that question may make the difference between sold and stuck.
A glimpse into the interesting history of the commercial real estate for sale at 56 Daniel Webster Hwy in Meredith, NH… and how the prime location and visibility of this property brings great opportunity.
Homebuyer beware: it’s a seller’s market in the Lake Region. You’ve got to shop smart or someone else could end up owning your dream home. Throughout 2017 and the first quarter of 2018, single family homes and condominiums in Laconia, Gilford, Meredith and Moultonborough, New Hampshire sold at the fastest median pace in over a decade.