I’ve been watching an interesting show on PBS called “Market Warriors” which is about 4 antique buyers who are given challenges to buy and sell antiques. The four buyers are followed around and you can watch their different methods of haggling to get the best deal. The four have vastly different personalities and in any (continued…)
When you reach the bottom of the market there is a period of leveling off – it just doesn’t take off again like a rocket. But there are some signs to look for that’ll help signal where we are in that leveling. Based on statistics provided in the recent September 2012 Market Trends Update by (continued…)
There is reason for optimism in the market for sellers on Flathead Lake whose homes are valued under the 1 Million dollar mark. The following statistical analysis also might strike some motivation for buyers who have been on the fence to get a Flathead Lake home purchased because at the current rate of sales in (continued…)
On Echo Lake and Rogers Lake you’ll find properties for sale that have really low prices in comparison to other lakefront home. Why the huge difference? These are “State-Leased” properties. These is real estate where you don’t own the land, the State of Montana does. The purchase price is for only the improvements on the (continued…)
I just ran across a newsletter from a local lender that quoted research done by the National Association of Realtors (NAR) in 2012. It said that “Renters typically have a net worth of $4,000, while owners on average are worth about $160,000”. I’ve always believed that owning a home is like having a savings account (continued…)
Words of Wisdom: “Price your property high enough so that you can sleep at night, but not so high that buyers in the marketplace will feel that your property will be available for any length of time.”
How to interpret Buyer Feedback and Showing frequency: 1. If there are no, or a low amount of inquiries, and few or no showings, then the market (Buyers) have rejected the price. Pricing has missed the mark and is in need of a significant repositioning. We typically recommend a 10% change in order to shift (continued…)
Real estate appraiser, Jim Kelley, has compiled the January – July 2012 real estate market trends update. Highlights of the statistics show: The number of residences sold is up from same time last year. 553 in 2011, 733 in 2012 – a 32.5% increase. However, the median price of homes sold dropped 4.8% from $190,100 (continued…)
Hot off the presses is the recent news from RE/MAX that international house hunters can visit global.remax.com and find over 300,000 properties around the world. Most impressive is that the website can be seen in 33 languages and includes the all important currency converter! Anyone who has a home listed with a RE/MAX agent is (continued…)
Huckleberry season is alive and well this summer. I’ve had the pleasure of picking up on Crane Mountain and along the Hungry Horse Reservoir. Others pick up on Big Mountain along the trails to the summit. Later in August you can pick up in the Jewel Basin at the higher elevations. If you’re new (continued…)
Watching the market of Flathead Lake is recently like watching a Yo-Yo! The number of sales have gone up and down since the market took its downward turn toward the end of 2006. Most of us didn’t know there was something strange going on until sometime in 2008 when sales were just not that robust (continued…)
Large and small real estate investors looking for tax relief from capital gains take advantage of the tax code commonly knows as a 1031 exchange. If an investor sells property they pay tax. Taxes are paid on capital gain, not equity or profit. However, property that qualifies for preferential treatment under Internal Revenue Code §1031 (continued…)
With a lifetime of experience living here in Montana's Flathead Valley, we can answer any question you might have—we've got a ton of real estate expertise, but we can also help with the practical stuff too, like where the best fishing spots are, when ski season begins, and what to do if a moose wanders into your property.
Give us a call, or drop us a note, we'd love to introduce ourselves...
(406) 837-5531 | email: Scott, Diana, Kellie, Drew, or Dane
