Boats For Sale:
water front/ water access |
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peter1234 
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Joined: February-03-2008 Location: United States Status: Offline Points: 2756 |
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 Topic: water front/ water accessPosted: January-22-2009 at 10:03pm |
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what is everyone seeing happening in their region? I got a sold list for lake ossipee the other day and some properties ( all water front ) went from 750,000 sold for 350 or so.. 450s went for 275+ are there areas in the country not affected?
.. Bruce if you see this I want to talk to you about long lake and sebago what are some of the rock bottom water access selling for ? or even auction prices? they seem to list at 175-- 259 Peter |
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former skylark owner now a formula but I cant let this place go
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Riley
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Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7946 |
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Posted: January-22-2009 at 10:37pm |
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Peter, call me at 207-842-9030.
Maine real estate listings can be found at mainelistings.com Towns on Sebago Lake are Sebago, Naples, Casco, Raymond, Windham, Standish, & Frye Island. Towns on Long Lake are Naples, Harrison, & Bridgton. I'm an appraiser, not a broker so I don't sell real estate. I'd be happy to answer any questions from members of CCF. |
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eric lavine
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Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
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Posted: January-23-2009 at 9:54am |
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how wouldve you liked to be one of the guy's that paid 750k for the same property
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"the things you own will start to own you"
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eric lavine
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Posted: January-23-2009 at 9:56am |
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I think the banks are coming up with new loans as we speak, it is a high interest negative equity loan, you can borrow up to 100 percent of your negative equity, the incentive with this loan is you dont have to pay it back lol, your tax dollars will
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"the things you own will start to own you"
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tullfooter
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Joined: March-02-2007 Location: White Lake, MI Status: Offline Points: 2225 |
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Posted: January-23-2009 at 11:14am |
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As many know, the Michigan market is terrible. I've seen many lake front properties going for half of what they were bought for 5 years ago. I bought my cottage this past July for less than the lot would have gone for three years ago. My neighbor's son just bought a house on a nearby lake for 150K, that was bought for 350K a few years back.
I know it's a scary time, but for someone who has wanted to get property on the water, and can somehow swing it without high risk, this is a good time to be looking for that sweet deal, and they are out there. I've seen houses and cottages in my area go for prices that I didn't believe until I checked. Steve |
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Play hard, life's not a trial run.
'85 BFN '90 BFN White Lake, Michigan |
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Riley
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Posted: January-23-2009 at 11:38am |
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This is the time to buy. But it's a heard mentality. Nobody buys until everyone buys and then prices go up. This happened back in the 1990's. I remember a broker friend of mine venting his frustration over prices being so much lower than they were in the 1980's and interest rates being extremely low, but there was no interest in lake front property. Nothing was selling. That was the time to buy. Only a few years earlier the thinking was, "God's not making any more water front property so we better hurry up an buy it no matter what it costs".
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eric lavine
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Posted: January-23-2009 at 11:40am |
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the old dollar aint worth what it used to be, thats why the Belgians purchased Budweiser, sorry Kris, not becasue of taste,
now the guy's with the money are sucking this stuff up, because it will in rebound 10 or so years, and your right Steve, if you can swing it, buy it....... |
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"the things you own will start to own you"
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75 stang
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Joined: August-11-2008 Location: northwest ohio Status: Offline Points: 475 |
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Posted: January-23-2009 at 1:33pm |
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And yet the great state of Indiana raised my tax value by almost 40 grand for 08 starting less than 6 months after I closed on it. I sent them a letter requesting backup for thier decision but was ignored. Im getting pretty good at filing disputes with the county auditors on industrial properties, i may have to try it over there as well.
I work part time as Mayor for the village and industrial real estate is my livelyhood. I am constantly fighting with the auditors office to match values to sale prices and current sales. When values go up they are eager to reappraise and get the gains but oh so slow to make adjustments in the other direction.... Im a little fired up over taxes right now... the county auditor just sent me a 15% increase on an old building we have with an automotive supplier in it... I tend to disagree with their opinion... |
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MI-nick
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Joined: January-12-2009 Location: Ypsilanti, MI Status: Offline Points: 809 |
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Posted: January-25-2009 at 1:08pm |
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i bought my lakefront house last year for 195K. the PO bought it in 2005 for 290K. and that was a year ago...definitely a good time to buy.
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As far as I can tell, I'm not quite sure...
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eric lavine
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Posted: January-25-2009 at 1:18pm |
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eric bought it in 2010 for 65k, lol
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"the things you own will start to own you"
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bkhallpass
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Posted: January-31-2009 at 3:13am |
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If you find any waterfront homes here in CA for 150K, let me know and I'll take 3.
4000 Sq foot water front homes in our community have dropped from about $1.5M to about $1.1 or $1.2. 2000 sq. ft homes were going for maype 800-900K and they probably dropped to the 600-700K range. BKH |
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Livin' the Dream
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The Lake
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Joined: May-13-2005 Location: Lk Winnebago MO Status: Offline Points: 1157 |
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Posted: January-31-2009 at 11:39pm |
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Home prices in the Kansas City are were down about 17 percent last I heard.
Chuck |
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eric lavine
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Posted: February-01-2009 at 11:17am |
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what about Dorothy's place?
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"the things you own will start to own you"
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peter1234
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Posted: February-01-2009 at 2:57pm |
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she's not in kansas anymore
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former skylark owner now a formula but I cant let this place go
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Riley
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Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7946 |
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Posted: February-02-2009 at 4:30pm |
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Rick Dolan, check out the 2nd post.
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