You are moving where? From one extreme to another.

By
Managing Real Estate Broker with Flexit Realty "Flexible Home Selling Solutions"

A friend of my wife's called with some big news...they are moving.  The live hundreds of miles away and will continue to live hundreds of miles away in the other direction after they move.

The friend was all excited about the impending move.  Probably no different than any of us when we have purchased.  This is going to be their retirement condo on the water.  My wife an I have lived in this same town nearly 12 years ago.  We know the area and the condos where they purchased a unit.

This happens to be a resort community.  They visited the community in the off season.  They purchased in the off season as well, do they have a surprise coming!

Doing your homework is not just for kids in school.  That old phase should be on the tip of every buyer and sellers tongue.  The friend of my wife and her husband committed the biggest sin of all...not knowing the market or where they were buying. 

They found a great deal....I wonder why?  They bought a condo with a view of the marina...right across the street with their balcony overlooking the public marina.  That was one of the selling features for them.  OK, let's consider this is a public marina...transient boats, party boaters, drinkers, fun loving boaters.  So if you are a party animal you might really enjoy this spot. They are not...so this is the first thing they are going to hate! This will get old fast!  Every week you will have a new crop of boaters ready to have fun. 

The town was quiet and everyone was friendly...of course there was no one there!  In the summer months the population swells from Mayberry to Chicago....anyway that is what the locals say.  The average population is about 15,000 and from Memorial Day to Labor Day the average is 70-100,000 as cottages are opened, hotels fill up and the marina has boats coming and going.  There is also a cruise ship that docks twice a day morning and night.  Horns blow, engines pump out the smells of the big desiel turbines that power the ship.  They are going to like the smell of desiel in their condo all summer long.

This is kind of like buying next to an airport on the day the planes were grounded!

Their new life of quiet and peaceful is going to be shattered this weekend and will continue through Labor Day!

How do you spell Oops!

Doing your homework using an agent will save you money, time and mistakes.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
Realtors®
Michigan Realtors
Tags:
how do you sayoops i bought the wrong house

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
717,706
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

This is sooooo true. My mother had a friend who purchased in Nantucket. But they were only there DURING THE SEASON.  They ended up bored to tears during the winter months and had to move - again.

May 24, 2008 02:05 PM #1
Rainer
41,980
Greg Hampton
Re/Max Around The Mountains - Blue Ridge, GA
North Georgia Mountain Property,Blue Rid

In Blue Ridge , Georgia, It is kind of like that,but not so extreme. Customers never ask that question. It is not an issue, yet.

May 24, 2008 02:08 PM #2
Rainmaker
141,171
Linda Lipscomb
Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN
731-695-1118, Lexington TN Homes

Gary, great post.

Most buyers think they can find the perfect property without any help.

Maybe they can find the great buy.....but they should find out why it's a good buy.

May 24, 2008 02:27 PM #3
Rainmaker
1,074,014
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Ruthmarie, sometimes things are to good to be true for a reason!  Thanks for the comments Ruthmarie.

May 25, 2008 11:49 AM #4
Rainer
139,927
Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL

I think it's true of any property you buy...resort community or not. Buyers need to take the time to drive the area in the daytime, at night, on weekends and during the week. Some surprises are fun...others are not! Good post.

May 27, 2008 01:49 PM #5
Rainmaker
113,203
Jane Wallace
HomeSmart Cherry Creek - Denver, CO
CRS | SRES, Denver Real Estate

Sounds like Spring Lake... I call it Pleasantville but the boaters do make some noise but that's the fun part of resort living

May 28, 2008 08:11 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,074,014

Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375

Real Estate Services You can Trust!
Ask me a question
*
*
*
*
Spam prevention

Additional Information