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.

 

 

 

 

 

Contact Madeline Island Realty about Madeline Island and Twin Cities Real Estate

Call us for Information on Homes & Real Estate For Sale in Bayfield Wisconsin

Eric Kodner, CRS

Real Estate Broker in Wisconsin & Minnesota

Madeline Island Realty (La Pointe. Wisconsin)

Wayzata Lakes Realty (Minneapolis & Saint Paul, MN)

Our Listings Appear on NorthstarMLS in Wisconsin & Minnesota

Phone or Text Message 612.670.2539

MadelineIsland@Gmail.com

 

 
This post has been included in Wisconsin Real Estate News Ashland County, WI Real Estate News La Pointe, WI Real Estate News
Post is included in group: WATERFRONT REAL ESTATE
Post is included in group: WaterFront Homes
Post is included in group: Waterfront Agents

4 Comments on SALE PENDING Signs Have a Way of Making the Phone Ring

MAR
11
2012
555,452 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

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

3:38am • #2
305,508 Points 14 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

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.

8:10am • #3
305,508 Points 14 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp

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

8:11am • #4

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Eric Kodner CRS, Madeline Island Realty, LaPointe, WI 54850 - Lake Superior

La Pointe, WI

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Madeline Island Realty - Eric Kodner Sells Madeline Island

Address: 809 Main Street, Box 553, LaPointe, WI, 54850

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933 Nebraska Row, LaPointe WI - Woods Manor Estate on Madeline Island


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$949,000
Single Family Home
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7 Bedrooms
2 Bathrooms
11 Partial Bathrooms
Interior: 6,430 sqft
Lot: 3.00 acre(s)
Location
933 Nebraska Row
LaPointe, WI 54850
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741 Main Street, LaPointe WI 54850


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$789,000
Single Family Home
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5 Bedrooms
3 Bathrooms
1 Partial Bathroom
Interior: 2,736 sqft
Lot: 4.50 acre(s)
Location
741 Main Street
LaPointe, WI 54850
USA

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483 Mondamin Trail, LaPointe, WI 54850 - Madeline Island Estate Home


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$749,000
Single Family Home
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5 Bedrooms
3 Bathrooms
4 Partial Bathrooms
Interior: 7,728 sqft
Lot: 1.05 acre(s)
Location
483 Mondamin Trail
LaPointe, WI 54850
USA

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769 Islewood Road, LaPointe WI 54850 - For Sale by Madeline Island Realty


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$435,000
Single Family Home
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3 Bedrooms
1 Bathroom
1 Partial Bathroom
Interior: 1,554 sqft
Lot: 3.20 acre(s)
Location
769 Islewood Road
La Pointe, WI 54850
USA

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2234 Benjamin Blvd, LaPointe WI 54850


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$275,000
Single Family Home
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2 Bedrooms
1 Bathroom
Interior: 1,300 sqft
Lot: 20.00 acre(s)
Location
2234 Benjamin Boulevard
LaPointe, WI 54850
USA

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864 Main St., LaPointe, WI - Madeline Island Commercial Opportunity


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$289,400
Single Family Home
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2 Bedrooms
2 Bathrooms
1 Partial Bathroom
Interior: 3,449 sqft
Lot: 0.25 acre(s)
Location
864 Main Street
LaPointe, WI 54850
USA

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723 South Shore Road, LaPointe, Wisconsin 54850 - Madeline Island - Lake Superior


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$329,000
Single Family Home
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2 Bedrooms
1 Bathroom
Interior: 1,388 sqft
Lot: 6.09 acre(s)
Location
723 South Shore Road
La Pointe, WI 54850
USA

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2650 North Shore Road, Madeline Island, LaPointe, Wisconsin 54850 - Ashland County


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$399,000
Single Family Home
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2 Bedrooms
1 Bathroom
Location
2650 North Shore Road
LaPointe, WI 54850
USA

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Jackson Meadow Lots for Sale in Marine on St. Croix, MN 55047


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$95,900
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Jackson Meadow Subdivision
Marine on St Croix, MN 55047
USA

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Stillwater MN Area New Home Construction Lots in Jackson Meadow - 2267 Jackson Circle, Marine on St Croix MN 55047


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$159,900
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Lot: 0.82 acre(s)
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2267 Jackson Circle
Marine on St Croix, MN 55047
USA

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Stillwater MN Area New Home Construction Lots in Jackson Meadow - 145 Egret Ln, Marine on St Croix MN 55047


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$95,900
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Lot: 0.28 acre(s)
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145 Egret Lane
Marine on St Croix, MN 55047
USA

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Stillwater MN Area New Home Construction Lots in Jackson Meadow - 167 Egret Ln, Marine on St Croix MN 55047


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$99,900
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Lot: 0.31 acre(s)
Location
167 Egret Lane
Marine on St Croix, MN 55047
USA

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Stillwater MN Area New Home Construction Lots in Jackson Meadow, 2561 Jackson Trail - Marine on St Croix MN 55047


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$225,000
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Lot: 1.28 acre(s)
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2561 Jackson Trail
Marine on St Croix, MN 55047
USA

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Stillwater MN Area New Home Construction Lots in Jackson Meadow - 182 Sandpiper Ln, Marine on St Croix, MN - Wayzata Lakes Realty


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$132,900
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Lot: 0.34 acre(s)
Location
168 Sandpiper Lane
Marine On St Croix, MN 55047
USA

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Stillwater MN New Construction Lots in Jackson Meadow - 2401 Jackson Trail, Marine on St Croix, MN 55047


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$159,900
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Lot: 0.55 acre(s)
Location
2401 Jackson Trail
Marine on Saint Croix, MN 55047
USA

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Wayzata Lakes Realty and Madeline Island Realty
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727 South Shore Road, LaPointe, Wisconsin 54850 - Madeline Island - Lake Superior


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$355,000
Single Family Home
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2 Bedrooms
2 Bathrooms
Interior: 1,398 sqft
Lot: 10.92 acre(s)
Location
727 South Shore Road
La Pointe, WI 54850
USA

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Eric M Kodner

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Wayzata Lakes Realty and Madeline Island Realty
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2647 North Shore Road, La Pointe WI 54850


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$160,000
Single Family Home
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4 Bedrooms
2 Bathrooms
Interior: 780 sqft
Lot: 3.83 acre(s)
Location
2647 North Shore Road
LaPointe, WI 54850
USA

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Eric M Kodner

Eric M Kodner

Wayzata Lakes Realty and Madeline Island Realty
(612) 670-2539
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951 Snow Place Lane, on Madeline Island - Hobby Farm With Acreage


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$198,800
Single Family Home
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3 Bedrooms
3 Bathrooms
Interior: 2,350 sqft
Lot: 21.34 acre(s)
Location
951 Snow Place Lane
LaPointe, WI 54850
USA

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Eric M Kodner

Eric M Kodner

Wayzata Lakes Realty and Madeline Island Realty
(612) 670-2539
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