All Real Estate Is Local? - 01/28/09 06:55 AM
The National Association of Realtors has been working diligently through national ads for several years to educate consumers that all real estate is local. They don’t think what is happening in one area of the country is happening everywhere. I absolutely agree but it is like second hand smoke, everyone is affected to one degree or another. With the ever deepening economic crisis crawling into every aspect of our lives and the reality that this is a global crisis of unprecedented proportion, I would rephrase the slogan and say all real estate is the same, but different. I was reading an … (0 comments)

Martha's Vineyard is Not a Declining Market - 01/19/09 02:17 PM
I was thinking about how this recession compares to the last one. The unemployment rate in Massachusetts was 9% in the early 90's, and today it is about 6%. We also had about three times as many properties on the market here on the Vineyard back in the early 90's.
If you are sitting on the fence, knowing in your heart that this is your chance of a lifetime to own property on Martha's Vineyard, but reluctant to get into the game because you think the market will go down more, you may be right. But you may regret it. If this is really … (0 comments)

REO’s: A Cautionary on Bank Own Property Purchases - 01/07/09 07:09 PM
Properties that have been repossessed through foreclosure by a lender are called REO's. REO stands for Real Estate Owned. If they are bank owned, why not call them BO's? I suppose it is obvious why not, although many of them stink. When buying REO properties there are some key differences to understand, as opposed to a traditional real estate purchase. First and foremost, you as a buyer have little or no ability to negotiate the price or terms with the seller. REO properties are sold "AS IS" and the seller is a financial institution with no emotional attachment to the property … (0 comments)

 
Pcf_3_7a_

Peter C. Fyler

West Tisbury, MA

More about me…

SplitRock Real Estate, LLC - Exclusive Buyer Agents

Office Phone: (508) 696-9009

Cell Phone: (508) 965-2726

Email Me

The purpose of my Blog is to highlight information and relevant articles that could be educational to anyone interested in Martha's Vineyard real estate. I may also include topics pertaining to Nantucket, Cape Cod and the greater Boston area real estate markets.


Links

Archives

RSS 2.0 Feed for this blog