Peter's Martha's Vineyard Real Estate Insights Blog

Real Estate Agent - SplitRock Real Estate, LLC - Exclusive Buyer Agents
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.
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, e...
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,...
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 unde...
There is one thing for sure, wishful thinking is not working.  Neither is the constant stream of anemic price reductions week after week. How about those incentives and broker bonuses? You know what I'm talking about; the three-year old Range Rover in the driveway, the 24' sailboat, a 60" LCD TV,...
What information do most consumers want to know about when visiting a real estate website?According to a survey released by the exclusive Buyer agency firm Accent Realty Group, here are the topics most searched by consumers:•1)     85.7% wanted the ability to search all homes in the area.•2)     ...
By Peter C. Fyler with editorial input from Jon Boyd, 2007 President, National Association of Exclusive Buyer's Agents© 2007 SplitRock Real Estate, LLCI'm an exclusive buyer agent on Martha's Vineyard and my job is representing buyers; that's it plain and simple.  I have no allegiance or responsi...
House hunting on Martha's Vineyard can be fun, and I make sure it is fun.  However, I find many buyers new to the market get caught up in things that are irrelevant while failing to consider what's really important. They may base their decision on a Japanese Maple tree in the front yard, the gree...
I found the following statistics compiled by the Harris Pollsters interesting. I am sure many real estate practitioners will disagree, but this is the public's perception. Harris Interactive conducted a random telephone survey of over 1000 consumers across the nation; fifty-two percent of those p...
In David Lereah's new book, "All Real Estate Is Local", he references the investment mistakes his Grandpa made by listening to the national news instead of paying attention to "local influences and activity" He goes on to say, "Whatever the national trends are with regard to real estate - whether...
I realize the Boston market is not Martha's Vineyard, so the demographic ingredient of people moving out of Massachusetts doesn't affect our market. However, I think you will find the speculative forecasts given by three diverse professionals -- an economist, an architect and a real estate broker...

Peter C. Fyler

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