Tuesday, December 22, 2009

MOTIVATED SELLER, Mountain Village Farm B&B, Maine

This is Mountain Village Farm Bed and Breakfast, in Kingfield, Maine. Just 15 minutes to SKI Sugarloaf guests can enjoy a day on the slopes and come back to the lovely rural setting of this restored property. Ski or snowmobile from the inn's property, enjoy a bubbly soak in a jetted tub or relax in front of the wood burning living room fireplace. All 6 guest rooms have recently renovated private baths and are quite spacious and well appointed.

Quaint, comfortable nooks...

Beautiful mountain views from the 7 acre lot...

The large breakfast/great room/kitchen...

A classic cottage style guest room...

Wood burning fireplace in the guest living room...

Adorable geese, ducks, chickens (farm fresh chicken eggs) with lots of room in two huge barns for all sorts of farm animals...

And a small retail gallery for additional revenue streams.

This is a fantastic opportunity for a buyer to get into the business for a very good price while interest rates are still reasonably low. Contact me for more details.

Additional Property Photos on Flickr

Offered at $515,000 by a motivated seller.

Sunday, December 6, 2009

CRAIGNAIR INN is under contract!

A wonderful pair of aspiring innkeepers is now under contract to purchase the Craignair Inn in St. George across from Clark's Island, Maine. They will be taking over a very substantial business and well maintained property that's been welcoming guests since 1947.

The inn enjoys a beautiful and serene waterfront spot down a winding mid-coast peninsula, just 15 minutes to Rockland. A 40 seat restaurant in the main inn has been serving locals and guests for many years and the new innkeepers intend on keeping with tradition!

Saturday, December 5, 2009

NEW LISTING! The Lake House Bed and Breakfast and Restaurant in Waterford, Maine

Where the mountains meet the lakes...

Located just an hour from Portland in Waterford, Maine in the foothills of New England's White Mountains. Built in the 1790's, Lake House Bed and Breakfast is surrounded by white clapboard houses, all of which are listed on the National Registry of Historic Places. Enjoy the cry of the loons on Lake Keoka from the second floor porch. Savor the peacefulness of the surroundings while relaxing on the Waterford Village Common. The Lake House has evolved from tavern to gracious inn, one that is also renowned for its restaurant. Lake House has been featured in Bon Appetit, Downeast MagazineFood & Wine, Yankee Magazine, Travel & Leisure, Country Inns and Diversion. The large manicured lawn is a perfect spot for an outdoor wedding or event.

Features at a glance:
10 guest rooms: 7 rooms, 2 suites, 1 cottage. TV, WiFi, A/C, hardwood floors, some fireplaces and jetted tubs, two dining rooms, 1 formal, 1 more casual, 40 seat restaurant with spacious commercial kitchen, plenty of storage. Owners quarters offer 2 bedrooms, living room, spacious full bath. Buyers could use the detached cottage as owners quarters and convert the current owners quarters to a guest suite. This property offers options and plenty of space. There's a very large garage/storage area and a small shed. Just an hour from Portland, 20 minutes to Sunday River Ski Resort, two steps from Lake Keoke, snowmobile trails nearby and plenty to do and see in the area. A wonderful opportunity to own a beautiful idyllic New England Bed and Breakfast in the Western Lakes and Mountains region of the beautiful state of Maine.

Offered at $850,000 Flickr Property Photos

Contact me for more details.

Wednesday, December 2, 2009

Another reason to search for a property based on your available cash...

There are times when your agent might be aware of certain sellers who are willing to offer partial owner financing if they have to. So if you told your agent your price range is $700,000 - your agent should discuss with you what this means. In reality, this means you'd have to put down a minimum of 20-25% for a commercial loan. You might be thinking that you can put 10% down as you might on a residential loan. So your available cash might really be $70,000 but your agent thinks you will have at least $140,000. Big difference. So it's imperative to be honest with your agent and start with the cash you have on hand (or after your house sells) to put down on a property.

But don't get discouraged, yet. If your agent knows that there's a property on the market for $700,000 and the owner is willing to take back a second mortgage to bring you up to the required downpayment, you might have just found your property. Had you limited your search to the set dollar amount, you may not have been able to buy what you wanted. I've seen this time and time again. Using this method will best help you in the end.