Tuesday, May 31, 2011

Real Estate Urban Legends: Mercedes in the Barn

In our office we have Tuesday Caravan. Caravan is that day that we set aside for everyone in the office to see each other's new listings before they are put into the Multiple Listing Service. There are lots of reasons for this but my favorite reason is looking for treasure. Now I don't mean real treasure like doubloons or pieces of eight but more realistic treasure like the mythical "Mercedes in the Barn". The "Mercedes in the Barn" is kind of a mix of legend and real estate porn stories ("I never thought it would happen to me but.....") where the unnamed real estate agent is doing a market analysis for the sweet little old lady and as they are walking around the barn notice that there is a locked door. "What is behind the locked door in barn?" the brokers asks.

"Oh, that is just my dead husband's old car. I kept meaning to sell it but I never got around to it." So the broker gets inside the barn and there finds a 1954 Mercedes 300sl with gull wing sitting on blocks and covered in dust. You can imagine the rest.


But of course this never happens. But sometimes something close happens. Today on Caravan I saw a 1930s Cadillac LaSalle in a garage (up on blocks after a long ago restoration attempt that stopped) and a 1970s Honda 550 Four just waiting to be restored. I didn't manage to get a picture of the LaSalle but I did manage a picture of the Honda. I wonder if I could work the bike into a commission split somehow? I have no idea what I would do with it but I want it.

Sunday, May 22, 2011

The Green Wisdom of our Forefathers (and foremothers)

Less than 100 years ago our great grandparents had a pretty good solution for getting by without being held hostage to the oil companies. They called it "Living in Town". It didn't require a huge sacrifice and in many cases they were  the envy of their friends who lived out of town on farms and for whom every trip to the store, the church, the bank or going out to eat would have been an event at best or an ordeal at its worst. People lived within a short distance of almost everything they needed to do on a daily basis. Work, library, church, doctor's office all within a short distance of home. And if you needed to go out of town on business you had the 1911 airport equivalent just across the bridge at the railway station. No metal detectors, no strip search, no lines. You waited on the platform for the train to stop and stepped into the rail coach you wanted to ride on. From Newcastle you could get to Portland, from Portland to Boston and from Boston to anywhere in the lower 48 that you wanted to go. O.k. it did take a bit of time (in 1876 it took the Transcontinental Express 83 hours from New York to San Francisco) but they didn't charge for an extra bag or two.
Now I am not advocating eliminating the internal combustion engine but maybe living close enough to those things that you need to do (or want to do) on a daily basis is a better way to thumb your nose at the Petro Speculators who keep bidding the price of a barrel of oil up every time they think the economy is starting to rebound. And what better way to do that than to live in a cozy little home that is just blocks from everything you could ever want to do in town like heading over to the Maine Coast Bookstore for the New York Times, coffee and free Wifi, go shopping for new sneakers at Reny's, or pick up a book at Skidompha, or sit at the counter at Waltz Pharmacy  Waltzfor a frappe and a hot dog with your friends? Later in the evening after you walk the dog around the neighborhood and say hello to your neighbors (Hello Mr. Bartley) you might want to take a stroll across the river with your sweetie, watch the reversing falls as the sun goes down and stop in at the Newcastle Publick House  for a burger and a beverage on the porch. And just think how much time you would save driving kids from practice to rehearsal to home! So stop talking about how much you hate paying $4 at the pump, ditch the 8 mpg Urban Assault Vehicle and buy a place in town. Like this home on River Road that was built by a (wind powered) sea captain for his wife and has waterfront.
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So listen to your ancestors, be Green and move back to town!

Friday, May 20, 2011

What the Rapture will mean for Real Estate Values

With the Rapture fast approaching many of my clients have been asking me what it will mean for the value of their property. My response for most of them has been that they shouldn't care because there are many mansions in our father's house  (John 14:12) and that they really shouldn't be concerned with such earthly trivia. On the other hand it got me thinking "How will I price my listings to reflect the changes in demand"? Well I'm not very concerned because since it is easier for a camel to get through the eye of a needle than a rich man to get into heaven most of my listings will still be appropriately priced. I will probably cancel the open houses I have scheduled for Saturday and Sunday since there will be empty cars careening all over the road and I just had the scratches buffed out of the Passat. So unless you are in the market for a well kept ranch next to the Church of the Nazarene I don't think there will be many deals to be had out there after Saturday. The one possibility that does exist for people looking for a deal is to convince those in a house that you really do covet that of course they are one of God's chosen and if they are leaving on Saturday for their date with destiny why wouldn't they want to sign their name to this Quit Claim Deed I just happen to have in my pocket? Just saying......

P.S. If you are pretty sure you are heading off to your ultimate reward could you leave me the keys to the BMW in the garage?

Tom Field