Friday, December 23, 2011

I've passed by Broker exam!!

Well, I did it! After a seven week, 45 hour course, I passed the exam required to obtain my Maine Broker's license!

What does this mean? In Maine, there are three levels of licenses, Sales Agent, Associate Broker and Broker. For me, it was a given to get my Broker license for the purpose of further education. What does it mean to you? Nothing other than I should be equipped with the knowledge and understanding of what it would take to run my own company, however I have no plan of doing such at this time! I took the class through Arthur Gary and highly recommend his school (and him personally as an instructor).

I just wanted to share this!

Monday, October 17, 2011

Look who's in the National Association of REALTORS September issue of REBAC!

The Real Estate Buyer's Agent Council (REBAC) interviewed me earlier this year on my personal niche marketing to the B&B industry. Thanks for the opportunity!

Saturday, September 17, 2011

Inn buyers...what are you waiting for?

This is a tough time to sell real estate these days, that goes without saying. And for inn/lodging buyers, it's tough to make that leap into the wonderful lifestyle business of innkeeping. But at what point are buyers out there going to feel they've waited out the down market out long enough and want to "buy" their own jobs? Now is the best time! Tourism in Maine seems to be strong and doing well in 2011; interest rates are still very good; why not buy a job that buys you a home, a lifestyle and several tax deductions? What are you waiting for? Talk to your broker and lender today and be in place before Spring 2012! Visit my website to view my listings.

Friday, August 26, 2011

New Listing! The Inn at Southwest, Southwest Harbor, Maine

Located on the popular tourist destination island of Mount Desert, The Inn at Southwest has been hosting guests for years. This Empire era Victorian offers incredible architectural details, spacious guest rooms and a village location that can't be beat. It's surrounded by Acadia National Park, the harbor and the shops, restaurants and marina in Southwest Harbor. The Inn at Southwest is open May through October and has a strong business with room to grow.

The owner's quarters is comprised of a 2 bedroom, 1 bath apartment with living room, full kitchen, laundry, plenty of storage and a private entrance.

Offered at $885,000, this is a solid business in a destination location and priced to sell. Visit my website for more details and photos.

Thursday, July 14, 2011

Looking for Seller Financing?

I have several clients willing to consider seller financing for a qualified buyer:

Along the Lake Cottages on Sibley Pond in Pittsfield
Brassua Lake Camps in Rockwood
Cafe 2 Restaurant in Southwest Harbor
Kismet Inn and Spa in Bath

Contact me for more details; click on pictures for a link to the listing page.

Monday, July 11, 2011

Substantial Price Reduction! 1802 House in Kennebunkport, Maine

This pristine property is now being offered at $1,350,000, a $100,000 price reduction as the seller is motivated. Priced well below what the seller paid and put into it, you have to see the property to appreciate it. Nice photographs do not do the property justice. The high end baths, fixtures and details of this property are just incredible. This is turnkey in every sense.

Contact me for more information or visit my website.

Thursday, June 23, 2011

Mid-Coast Maine's Times Record "Harpswell Inn Offers Relaxing Atmosphere"...

I have Google Alerts set up to notify me of happenings of my listings - just got this one today! Lots of questions and wonderful answers of a property rich in history and full of comfort, amenities and a view! For listing details, visit my website.

Friday, May 27, 2011

New Listing! Harbor Heights Condo in Southwest Harbor, Maine $335,000

Immaculate 2 bedroom 2 bath condo in Southwest Harbor, Maine. The building was originally built in 1920 but completely rebuilt in 2000. This unit is spacious and bright with hardwood floors, Berber style carpet and a deck overlooking the harbor. Great village location for access to everything - shops, restaurants, bike rental shop and the marina. Leave your car and go explore! 393 Main Street, #4. Visit my website for more details.

Thursday, May 26, 2011

NEW LISTING! Confidential B&B/Events Center 1 hour from Portland, $3,995,000

Extremely strong events and conference business with strong bed and breakfast income as well. Centrally located, on 31 private acres, large state of the art function center, Environmental Leader, alternative energy in place, commercial kitchen and laundry, bar and food service, and more. Disclosure with signed confidentiality agreement for qualified buyer. Contact me for details.

Monday, May 16, 2011

New Listing! Harpswell Inn at Lookout Point, Harpswell Maine

Beautiful, idyllic 12 room Maine inn down one of Maine's "finger" peninsulas, surrounded by water and beautifully landscaped grounds. Just minutes from Brunswick and close to Portland. $1,900,000 - visit my website for more details and photos.

Friday, May 13, 2011

NEW PRICE! Rockwood Cottages on Moosehead Lake $875,000

3.5 acres and 377 feet of water frontage on Moosehead Lake! 8 rustic cabins, owner's single family home and an unparalleled view of Mount Kineo. Visit my website for more details and photos.

Tuesday, April 19, 2011

NEW LISTING! Noble House Inn - $1,195,000

NOBLE HOUSE INN in the heart of the western lakes and mountains of Maine...

Situated on 4 partially wooded acres and across from Highland Lake, this inn offers 9 spacious guest rooms with private baths, a casual den with fireplace, formal living room with fireplace, formal dining room with fireplace, casual breakfast room glass-enclosed porch and a fabulous, new kitchen with granite and hardwood.

Very strong business year round yet offers room to grow.

Visit the listing on my website for more details.

Tuesday, March 22, 2011

New Price! Wilson Pond Camps, Greenville, Maine

Now offered at $1,650,000, Wilson Pond Camps offers a bit of rustic luxury in the North Maine woods in Greenville, just 5 minutes to Moosehead Lake on the quieter Lower Wilson Pond.

7 newly renovated cabins with pine interiors, full sized kitchens, 2 bedrooms, outdoor seating area and most with private docks. Owner's post and beam home with picture windows, 2 bedrooms, 1.5 baths, large open living room with woodstove, detached oversized 2 car garage, shed, woodshed, boat ramp, inventory of various boats, canoes, etc. This is as turnkey a business as they get. Ideal as a family compound as well. This is a must see to appreciate property!

Visit the listing on my website for more details.

NEW LISTING! Little River Lodge in Cutler Harbor, Maine

Little River Lodge sits across from Cutler Harbor, just 30 minutes to Machias and 30 minutes to Campobello Island. Guests had been staying at the bed and breakfast for decades up until December of 2008. Puffin trips to Machias Seal Island leave from the harbor and are popular in early summer.

There are 6 bedrooms, 4 baths on two levels plus a large partially finished attic with 2 bedrooms and 1 bath with additional unfinished space.

Offered at $324,000 - See more details on the listing page of my website:

Tuesday, March 15, 2011

BACK ON THE MARKET! Kismet Inn and Spa in Bath, Maine

Significantly reduced, this spectacular Queen Anne Victorian has been modernized from top to bottom. Turnkey in every sense. Spacious, bright, beautifully appointed, rich colors, fabrics, custom furnishings, large custom kitchen with granite, Travertine marble and hardwood floors (radiant), tile baths with radiant heat, custom Japanese style soaking tubs. This home offers customizations and spared no expense. 6 bedrooms, 6.5 baths, very large yoga/meditation room, situated across from the beautiful Library Park. This property IS a one of a kind, must see. Visit my website for more details.

Monday, March 14, 2011

NEW PRICE! $525,000 - Brassua Lake Camps in Rockwood, Maine

Wonderful all season camp with four fully equipped cabins with small kitchens, bath with shower, porches and a gorgeous view over Brassua Lake. Additional modular single family home with 2 bedrooms, 2 baths, living room, rec room, eat in kitchen and more. New float onsite and new doc drawings in place with LURC for future use. 16 acres bordering route 6/15 (perfect for commercial signage and access) and 530 feet of water frontage. Visit my website for more details.

Friday, March 11, 2011

Maine Banks ARE lending, at least the ones I'm working with...

I spoke to a client today and learned something a bit unsettling about a conversation that took place with an out of state business "counseling" agency. This client is looking for an inn with a good performing business like most of my clients are. They went to talk with this agency, who is an official SBA agency to help buyers obtain small business loans.

My client emailed: "Saw on your Twitter about banks and lending. Just wanted to pass along that we were told by the SBA down here that nobody is lending and that if we wanted to buy a lodging property that we would likely have to find private investors. Was very discouraging! So I think it is important for you to get the word out that banks are lending in Maine."

Yesterday someone (in Maine) mentioned to me that an agent told them that banks aren't lending. This is just not true. Banks are lending but they're being cautious on those businesses that are under performing, simple as that. The banks are NOT lending on potential, they are ARE looking at the bottom line and cash flow quite a bit more than the gross. I have taken many of my sellers' financial statements to my network of lenders to see what they could do based on the seller's current performance. And I am working with buyers and banks are lending.

It makes it difficult for Maine real estate agents to do their jobs when people, in or out of state, make incorrect assumptions.

If you're looking to buy a hospitality property in Maine, contact me and I'll put you in touch with lenders that I know are trying to put buyers into properties. Don't get discouraged, talk to a knowledgeable broker!