SALE PENDING Signs Have a Way of Making the Phone Ring

By
Real Estate Broker/Owner with Madeline Island Realty 50317-90
http://actvra.in/wZS


SALE PENDING Signs Have a Way of Making the Phone Ring

 

I suppose it's a matter of human behavior that real estate buyers watch each other and they tend to move when they notice others are buying.  There's no shame in admitting that we are all influenced to some extent by what others are doing.

One of the things I've learned from over twelve years in real estate sales is that real estate markets go through drought spells.  When things are slow, it can seem like an agonizing wait before the market picks up again.  But once something sells, other would-be buyers take notice.

I received a phone call last week from a prospect who has been watching the Madeline Island real estate market for over a year now. She contacted me in mid-January about one of our listings, but I heard nothing further until last week, when she apparently discovered that someone had taken the plunge and submitted an offer on one of the homes she had been following.

 

2865 North Shore Road, LaPointe, WI - Sale Pending


Agents and brokers have a saying that goes something like, "sometimes a prospective buyer has to lose out on a home or two before they realize they need to make a move". I'd say that's especially true in a second home community, where the purchase of a vacation home is, for the most part, a discretionary purchase.

There's a moral to this story.  Don't wait until the home you've been dreaming about has gone off the radar.  The best way to avoid disappointment is to get serious and submit an offer.

 

 

 

 

 

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Topic:
Home Buying
Location:
Wisconsin Ashland County La Pointe
Groups:
WATERFRONT REAL ESTATE
WaterFront Homes
Waterfront Agents
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sale pending signs
madeline island real estate market

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Ambassador
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Michelle Carr-Crowe Just Call 408-252-8900 Luxury Homes in Top Silicon Valley Schools-San Jose, Cupertino, Saratoga & Palo Alto
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Eric, I think that goes back to 2-year-old days...kids only want a toy if and when someone else has it! Good post at SALE PENDING Signs Have a Way of Making the Phone Ring.

March 11, 2012 12:48 AM #1
Rainmaker
572,978
Phil Leng
Keller Williams Eastside Market Center - Kirkland, WA
Phil Leng Team - Residential Real Estate Experts &

Hi Eric,

So true!

I have known there is going to be a tipping point soon for real estate in our area.

It is happening now, with multiple offers and good homes priced well selling quickly.

Thanks for sharing

Phil

March 11, 2012 03:38 AM #2
Rainmaker
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Eric Kodner
Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes - Minnetonka, MN
Wayzata Lakes Realty: Twin Cities, Madeline Island

Michelle, it's human nature for prospects to sit and wait, wondering "if this property I like is so great, why hasn't someone else bought it?"  And then, when someone else does, those same prospects kick themselves for waiting to make their move.

March 11, 2012 08:10 AM #3
Rainmaker
332,294
Eric Kodner
Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes - Minnetonka, MN
Wayzata Lakes Realty: Twin Cities, Madeline Island

Phil, it really does seem like things are on the move again in most real estate markets.

March 11, 2012 08:11 AM #4
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Rainmaker
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Eric Kodner

CRS, Madeline Island Realty, LaPointe, WI 54850 -
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