Island property prices

codeman671 · 02-21-2020, 03:33 PM

Quote:

Originally Posted by MAXUM

If I had an agent that tried to pull a stunt like that - I'd first sever that relationship real fast. The is no point to even using an agent if they are playing both sides of the deal anyways, they are "supposed" to be a neutral party. So zero value add - unless they will take half the commission. Of course that defeats the purpose.

Sounds like we are all talking about the same person....

Woody38 · 02-21-2020, 04:34 PM

Back when we lived on Cape Cod there was an agent who had a buyer and didn't actually list the property. The buyer came and offered full price and the seller cancelled the listing. Seller turned around and increased the price considerably. I do believe vest pocket listings became illegal after this. As a broker I have seen almost every kind of trickery imaginable. Some people find it impossible to conduct themselves honestly.

_____________________________________________

I am a retired workaholic and continuing aquaholic

MAXUM · 02-21-2020, 05:07 PM

Quote:

Originally Posted by codeman671

Sounds like we are all talking about the same person....

We most certainly are! I'll just leave it at that......

CaptT820 · 02-24-2020, 11:18 AM

Quote:

Originally Posted by MAXUM

We most certainly are! I'll just leave it at that......

I just had a similar experience with our last transaction involving "that agent".
We had a handshake deal with the owner of the property if he ever sold it. He told the agent to tell us that he had an agreement before the property went public.
The agent never said anything to us, and the property actually made it to the market.
Once we told the seller what was going on he took the listing off the MLS and fired the agent. Extremely shady and unethical behavior by the agent.

Thankfully we got the property.

tbonies · 02-25-2020, 11:53 AM

Quote:

Originally Posted by CaptT820

I just had a similar experience with our last transaction involving "that agent".
We had a handshake deal with the owner of the property if he ever sold it. He told the agent to tell us that he had an agreement before the property went public.
The agent never said anything to us, and the property actually made it to the market.
Once we told the seller what was going on he took the listing off the MLS and fired the agent. Extremely shady and unethical behavior by the agent.

Thankfully we got the property.

So if you had a handshake deal, why did he use an agent? For some reason, it feels like we are only hearing part of the story..

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Formula260SS · 02-25-2020, 01:17 PM

Quote:

Originally Posted by tbonies

So if you had a handshake deal, why did he use an agent? For some reason, it feels like we are only hearing part of the story..

Sent from my iPhone using Winnipesaukee Forum mobile app

Isn't there three sides to every story?....

CaptT820 · 02-26-2020, 11:53 AM

We started discussions with him back in August, there was difficulty with communication due to distance and technology, so at some point he felt like we were taking too long to get back to him (two parties involved in the purchase), so he hired an agent with the contingency to still be able to deal directly with us. In the end it all worked out, even though the agent supposedly had a phantom 3rd party interested in the property at the last minute which confused her seller. More shady tactics.

Hope this clears it up.

Biggd · 02-26-2020, 03:15 PM

Island properties are going to increase in value this spring as everyone is going to want to be isolated from the coronavirus.

MAXUM · 02-26-2020, 05:54 PM

I would be very disappointed to find myself quarantined on Bear Island for the entire summer.

Wifi-1 · 02-26-2020, 09:28 PM

Quote:

Originally Posted by MAXUM

I would be very disappointed to find myself quarantined on Bear Island for the entire summer.

True, but you have an alternative, something others might not have.

Biggd · 02-27-2020, 10:05 AM

Quote:

Originally Posted by Wifi-1

True, but you have an alternative, something others might not have.

I think he was being sarcastic with that comment.

jazzman · 02-28-2020, 11:08 AM

I always though the islands might be a good way to survive the zombies. Food, water, isolation.... Good until the guy with the ar-15 shows up and takes it from me.

WinnisquamZ · 02-28-2020, 11:42 AM

Quote:

Originally Posted by jazzman

I always though the islands might be a good way to survive the zombies. Food, water, isolation.... Good until the guy with the ar-15 shows up and takes it from me.

You live on a island in NH. Should you not have your own AR-15?

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Descant · 02-28-2020, 12:01 PM

Quote:

Originally Posted by WinnisquamZ

You live on a island in NH. Should you not have your own AR-15?

Awww. Now everybody knows.

BTW, NH RSA's prohibit the "discharge of firearms" on Lake Winnipesaukee islands. It appears potato launchers and RPG's are OK.

MAXUM · 02-28-2020, 12:25 PM

Quote:

Originally Posted by Descant

Awww. Now everybody knows.

BTW, NH RSA's prohibit the "discharge of firearms" on Lake Winnipesaukee islands. It appears potato launchers and RPG's are OK.

Can you provide this RSA?

There are rules in regards to discharging firearms in relation to permanently occupied dwellings, and rules that prohibit hunting on islands but I have not seen anything that prohibits target shooting. Just curious to see as I cannot find anything that says as much.

TheTimeTraveler · 02-28-2020, 01:16 PM

Opinion: If the Corona Virus takes serious hold in this Country then I can envision the stock market to fall further which will likely "weaken" Real Estate values (especially the higher end of the market).

The Corona Virus death rate is hovering a bit above 2% at this point.

Off the Real Estate topic: The Corona Virus is affecting sales of Corona Beer (per a recent news article). Hard to believe, but true. It will be interesting to see if the brewery of Corona Beer will be able to survive this situation.......

lakershaker · 02-28-2020, 01:36 PM

Quote:

Originally Posted by Descant

Awww. Now everybody knows.

BTW, NH RSA's prohibit the "discharge of firearms" on Lake Winnipesaukee islands. It appears potato launchers and RPG's are OK.

Actually, I think the prohibition is on hunting deer and bear on islands (with either firearms or archery) with the exception of Long and Governors Islands in Winni. Hunting turkey's are ok, and when I was speaking with a Conservation Officer in the past he was saying he's always wanted to turkey hunt on a specific island but hasn't had the chance yet.

rsmlp · 02-28-2020, 04:52 PM

The way the stock market is going, island prices could be lower soon. Bond market signaling recession.

codeman671 · 02-29-2020, 12:25 AM

Quote:

Originally Posted by Descant

Awww. Now everybody knows.

BTW, NH RSA's prohibit the "discharge of firearms" on Lake Winnipesaukee islands. It appears potato launchers and RPG's are OK.

If potato launchers were not allowed I would have been in a lot of trouble...

Tip- clear pvc barrels rock!

steve-on-mark · 02-29-2020, 09:17 AM

Quote:

Originally Posted by codeman671

If potato launchers were not allowed I would have been in a lot of trouble...

Tip- clear pvc barrels rock!

If you could come up with a stepson launcher, I'd be forever grateful!

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Juiced06GTO · 02-29-2020, 10:10 AM

Quote:

Originally Posted by CaptT820

I just had a similar experience with our last transaction involving "that agent".
We had a handshake deal with the owner of the property if he ever sold it. He told the agent to tell us that he had an agreement before the property went public.
The agent never said anything to us, and the property actually made it to the market.
Once we told the seller what was going on he took the listing off the MLS and fired the agent. Extremely shady and unethical behavior by the agent.

Thankfully we got the property.

Would someone PM the name of said agent so I know who to avoid when I start looking! Thanks!!

JEEPONLY · 02-29-2020, 12:57 PM

If you live in the area, you know who Randy Parker is- regularly praised as the #1 real estate agent around. I have no doubts that he is very good at what he does.

However...
Every time his company sells in my area, I get a nice, formal notice (with pictures) stating how great that transaction went, and how he (the company) can enhance my (future) experience- always with a personal offer for a free appraisal of my property.

I finally took him up on his offer (you know how they send out the postcard with the offer)?! I even spoke to him on the phone.

He told me that he lived nearby and could stop at the property even if no one was around.

Time went by- no response. So I called.

Turned out he decided not to comply.

Really, my point is, no matter how great you think (know) who your people are, the onus is still on you to do your homework.

MAXUM · 02-29-2020, 02:48 PM

Quote:

Originally Posted by Juiced06GTO

Would someone PM the name of said agent so I know who to avoid when I start looking! Thanks!!

PM sent to you.

Woody38 · 02-29-2020, 04:03 PM

What one needs to understand is that real estate agents do not do appraisals.
They do market assessments based on what previous sales dictate. There is a difference. If an appraisal is desired there are people who actually do appraisals. They do not do these for free. Usually well worth the money.

_________________________________

I am a retired workaholic and continuing aquaholic

Mr. V · 02-29-2020, 04:24 PM

Quote:

Originally Posted by Woody38

What one needs to understand is that real estate agents do not do appraisals.
They do market assessments based on what previous sales dictate. There is a difference. If an appraisal is desired there are people who actually do appraisals. They do not do these for free. Usually well worth the money.

A comparative market analysis by a realtor is of zero value in a court case.

Courts require reports / testimony from a trained, licensed specialist, a real estate appraiser.

02-21-2020, 04:34 PM	#2
Woody38 Senior Member Join Date: May 2016 Posts: 583 Thanks: 46 Thanked 110 Times in 81 Posts	Vest Pocket Listing Back when we lived on Cape Cod there was an agent who had a buyer and didn't actually list the property. The buyer came and offered full price and the seller cancelled the listing. Seller turned around and increased the price considerably. I do believe vest pocket listings became illegal after this. As a broker I have seen almost every kind of trickery imaginable. Some people find it impossible to conduct themselves honestly. _____________________________________________ I am a retired workaholic and continuing aquaholic

02-26-2020, 11:53 AM	#7
CaptT820 Senior Member Join Date: Mar 2012 Posts: 122 Thanks: 86 Thanked 46 Times in 27 Posts	Agent We started discussions with him back in August, there was difficulty with communication due to distance and technology, so at some point he felt like we were taking too long to get back to him (two parties involved in the purchase), so he hired an agent with the contingency to still be able to deal directly with us. In the end it all worked out, even though the agent supposedly had a phantom 3rd party interested in the property at the last minute which confused her seller. More shady tactics. Hope this clears it up.

02-26-2020, 03:15 PM	#8
Biggd Senior Member Join Date: Nov 2016 Location: Waltham Ma./Meredith NH Posts: 4,255 Thanks: 2,303 Thanked 1,229 Times in 787 Posts	Island properties are going to increase in value this spring as everyone is going to want to be isolated from the coronavirus. Last edited by Biggd; 02-26-2020 at 06:51 PM.

02-28-2020, 04:52 PM	#18
rsmlp Senior Member Join Date: May 2005 Posts: 495 Thanks: 5 Thanked 169 Times in 87 Posts	island prices The way the stock market is going, island prices could be lower soon. Bond market signaling recession.

02-29-2020, 12:57 PM	#22
JEEPONLY Deceased Member Join Date: Nov 2014 Posts: 701 Thanks: 360 Thanked 179 Times in 141 Posts	Tread Lightly If you live in the area, you know who Randy Parker is- regularly praised as the #1 real estate agent around. I have no doubts that he is very good at what he does. However... Every time his company sells in my area, I get a nice, formal notice (with pictures) stating how great that transaction went, and how he (the company) can enhance my (future) experience- always with a personal offer for a free appraisal of my property. I finally took him up on his offer (you know how they send out the postcard with the offer)?! I even spoke to him on the phone. He told me that he lived nearby and could stop at the property even if no one was around. Time went by- no response. So I called. Turned out he decided not to comply. Really, my point is, no matter how great you think (know) who your people are, the onus is still on you to do your homework.

The Following User Says Thank You to codeman671 For This Useful Post:
LFODMatt (02-25-2020)

02-26-2020, 05:54 PM	#9
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 246 Thanked 1,942 Times in 802 Posts	I would be very disappointed to find myself quarantined on Bear Island for the entire summer.

The Following 3 Users Say Thank You to MAXUM For This Useful Post:
Biggd (02-26-2020), ishoot308 (02-27-2020), Top-Water (02-26-2020)

02-28-2020, 11:08 AM	#12
jazzman Senior Member Join Date: Jul 2011 Location: Mont Vernon NH & Big Barndoor Island Posts: 323 Thanks: 4 Thanked 184 Times in 62 Posts	I always though the islands might be a good way to survive the zombies. Food, water, isolation.... Good until the guy with the ar-15 shows up and takes it from me.

02-28-2020, 01:16 PM	#16
TheTimeTraveler Senior Member Join Date: Aug 2015 Posts: 926 Thanks: 296 Thanked 299 Times in 185 Posts	Opinion: If the Corona Virus takes serious hold in this Country then I can envision the stock market to fall further which will likely "weaken" Real Estate values (especially the higher end of the market). The Corona Virus death rate is hovering a bit above 2% at this point. Off the Real Estate topic: The Corona Virus is affecting sales of Corona Beer (per a recent news article). Hard to believe, but true. It will be interesting to see if the brewery of Corona Beer will be able to survive this situation.......

The Following User Says Thank You to steve-on-mark For This Useful Post:
codeman671 (02-29-2020)

02-29-2020, 04:03 PM	#24
Woody38 Senior Member Join Date: May 2016 Posts: 583 Thanks: 46 Thanked 110 Times in 81 Posts	Appraisal What one needs to understand is that real estate agents do not do appraisals. They do market assessments based on what previous sales dictate. There is a difference. If an appraisal is desired there are people who actually do appraisals. They do not do these for free. Usually well worth the money. _________________________________ I am a retired workaholic and continuing aquaholic