Archive for August, 2006

You might be from Minnesota if…

Thursday, August 31st, 2006

Just received this, thought I would share it with everyone…

You might be from Minnesota if…

If you’re proud that your state makes the national news 96 nights each Year, because International Falls is the coldest spot in the nation, you might live in Minnesota.

If your local Dairy Queen is closed from November through March, you might live in Minnesota.

If someone in a store offers you assistance, and they don’t work there, You might live in Minnesota.

If your dad’s suntan stops at a line curving around the middle of his forehead, you might live in Minnesota.

If you have worn shorts and a parka at the same time, you might live in Minnesota.

If your town has an equal number of bars and churches, you might live in Minnesota.

If you know how to say Wayzata, Mahtomedi, Edina, Shakopee ,Winton and Ely, you might live in Minnesota.

If you think that ketchup is a little too spicy, you might live in Minnesota.

“Vacation” means going up north past Virginia for the weekend.

You measure distance in hours.

You know several people who have hit deer more than once.

You can drive 65 mph through 2 feet of snow during a raging blizzard, without flinching.

You see people wearing hunting clothes at social events.

You install security lights on your house and garage and leave both unlocked.

You carry jumper cables in your car and your wife/girlfriend knows how
to use them.

There are 7 empty cars running in the parking lot at Zups Grocery Store at any given time.

You design your kid’s Halloween costume to fit over a snowsuit.

You consider Minneapolis exotic.

Your idea of creative landscaping is a statue of a deer next to your Blue spruce.

Down South to you means Iowa.

You actually understand these jokes, and you email a link to this post to all your Minnesota friends.

Aspen Colorado vs. Ely Minnesota

Wednesday, August 30th, 2006

Aspen vs. Ely

Ely Minnesota Ely, MN BWCAW

Today I am going to give you some speculative information about a little, isolated real estate market in Northern Minnesota. If you live or have lived in Minnesota, you are probably aware of this little village up north, if you live anywhere else in the country, you have probably not heard of Ely Minnesota.

Ely (pronounced Ee-lee) is a small town of about 3,700 people, which sits right on the edge of the Boundary Waters Canoe Area Wilderness. The BWCAW is the largest wilderness preserve east of the Rockies – with more than 1 million acres of pristine forests and waterways – the vast majority of the lakes and rivers in the BWCAW are paddle only – meaning no motorized watercraft are allowed. Like Aspen (population 5,800), Ely’s economy is based purely on tourism.

I have been to Aspen several times – in both the summer and winter months, and you can take my word – these are two very different places. As much as Aspen is about full-length fur coats (men & women) and designer ski boots, Ely is about birkenstock sandals and mukluk boots. But the last time I was in Ely (July ’06), I noticed something a little different about the town. There were a heck of a lot more real estate companies – and a heck of a lot more Mercedes Benz and BMW automobiles parked up and down the main street. I noticed a shift taking place in Ely.

Like Aspen, Ely is an oasis for those who love outdoor adventure, this small town in Northern Minnesota is and was home to National Geographic photographers, Wall Street Journal freelancers, and North Pole explorers. The main street (Sheridan St.) is becoming more and more upscale with new restaurants, coffee shops, galleries and boutiques springing up everywhere and spilling over to off-main street locations. Heck, when the only radio station in a town of 3,700 (WELY – End of the Road Radio) is owned by the infamous journalist and broadcaster Charles Kuralt (before he passed away), you know it must be a very special place. In Charles Kuralt’s America he said: “It’s hard to be a stranger there. If your name is Charles, everybody in Ely calls you Chuck.”

As a real estate speculator & pundit (and somewhat of an authority on the vacation home market), I do not feel I am going out on a limb when I predict that Ely Minnesota will soon become a nationally recognized, high-end destination. Excellent city planning (including an airport with a 5,600 ft. runway that is suitable for private jets, corporate charters, and eventually non-stop flights from anywhere in the country) has created an infrastructure that can handle the growth – it’s all there – and I am not the only one talking about it. The September 2006 edition of National Geographic’s Adventure Magazine calls Ely Minnesota an Outdoor Mecca and one of the 31 Best Places To Live. In the past, National Geographic named Ely Minnesota one of the 50 Places of a Lifetime (must see).

As the Ely lakeshore property market becomes less about walleye and more about wine cellars I recommend getting in while the getting is good.

Acknowledgement: I borrowed the “less about walleye and more about wine cellars” line from an article Gene Rebeck, senior editor of Twin Cities Business, wrote about LakePlace.com – thanks Gene!

More Ely & BWCAW Images (Click Here for 3,800 more)

Related Links: Ely land for sale, Ely Minnesota Resorts, Ely Minnesota Cabin Rentals, Ely Minnesota Lakeshore Property, Ely Minnesota Cabin

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Door County – Today’s Needle in a Haystack

Wednesday, August 30th, 2006

Door County Wisconsin

Today we are going to focus on Door County Wisconsin.  If you are searching for a cottage in Door County – be sure to use LakePlace.com to see virtually everything on the market.  Door County is a beautiful peninsula on Lake Michigan that was named one of the top 10 vacation areas in American by Money Magazine.  The Door County peninsula is made up of several villages including Sturgeon Bay, Egg Harbor, Fish Creek, Sister Bay, & others.  It is a spectacular area with so much to see and do.  If you are planning a trip to the area, check out the Door County vacation rentals – whether you are planning to buy, sell or rent - use LakePlace.com to research cottages in Door County WI!

NARdiGRAS – NAR Conference & Expo

Monday, August 28th, 2006

NAR Conference & Expo

Well, the 2006 National Association of Realtors Conference (New Orleans) is coming up in November and we are proud to announce that Wade Hanson of LakePlace.com has been asked to speak this year. Wade is LakePlace.com’s 29 year-old Broker & COO. Wade joined the LakePlace.com team this year, after growing and eventually selling one of Minnesota’s largest and most prestigious lakeshore brokerages (Wade was also LakePlace.com’s largest client for two years). Wade has been asked to give his “under 30″ perspective on today’s real estate industry. He is obviously a firm believer in technology – if you are going to be at the conference, be sure to attend this info packed session…it should be a lot of fun! See you there!

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Up North…Way Up North – Today’s Needle in a Haystack

Friday, August 25th, 2006

International Falls - Orr, MN area

Today I am going to focus on the Northern MN and when I say “Northern” – I mean “NORTHERN!”  I’m talking about International Falls, MN & Orr, MN.  There are many beautiful large bodies of water in this area including Crane Lake, Rainy Lake, Pelican Lake, and Lake Kabetogama (which has been featured on the Pine Needle Lawn in the past).

So if you are searching for International Falls lakeshore or Orr lakeshore property – be sure to use LakePlace.com!  We think we have the easiest-to-use lake property website on the Internet – and we hope you agree!  Happy lake home hunting! 

P.S. Even if you are not planning to buy in this area immediately – check out our Northern Minnesota cabin rentals and Northern MN Resorts.  Summer is almost over, so make sure you make the trip up north – you will be happy you did!

Take your daughter to work day!

Friday, August 25th, 2006

daughter

Well, Friday is here! Not that it means anything around here…but this is a special Friday. Today my 7 year old daughter Ashley is in the office with me. As I type this entry, she is doing a “rock star make-over” at PollyPocket.com (wow – I just found that a certain online casino owns the domain “polleypocket.com” and redirects you to their online gambling hall – that is pathetic.) Anyways, we are having fun working on our own projects – but I have found out that she is extremely fast at creating new “make-overs” and she insists on hearing my opinion before printing each one…so, I am also becoming an expert-level user at PollyPocket’s website.

Ashley is also a blogger – well, she will be when I get some time to help her figure everything out a little more. A while back we set up her own blog titled: French Immersion School (www.frenchimmersionschool.com). She plans on updating it daily this year as she starts her 3rd year (second grade) at L’Etoile du Nord. If you are not familiar with immersion schools – they are really awesome…If you have young children, keep an eye on Ashely’s blog to get a 2nd graders perspective! About Immersion schools – from the time your child walks in the doors for kindergarten – it is French (or Spanish or whatever) only. They speak no English during school hours – all subjects are taught in French. You would be amazed at how fast children pick up a second language. Ashely is already very close to fluent (after 1st grade), and the school tells us that she will speak with a native tongue by the time she graduates 6th grade (meaning that even the French born will not recognize an English accent.) Tests also show that children who learn a second language at an early age tend to “rise above” in all other areas (including English) of academics.

So, I’m done ranting and raving about my daughter. I have two more daughters (teenagers, and not interested in spending a summer day in dad’s office) who I think just as highly of, but I am afraid I will scare you away if I move on to there accomplishments…so I will save them for another day. I have to get back to dressing up rock stars at PollyPocket.com. Have a great weekend – Go Vikes!

Grand Rapids, MN – Today’s Needle in a Haystack

Thursday, August 24th, 2006

Grand Rapids, MN

Welcome to Grand Rapids, MN.  A great (and rapidly growing) city in Northern Minnesota lakes country.  Grand Rapids is located in the heart of Itasca county – which is home to more than 1,000 lakes and 1,000 miles of snowmobile and cross-country ski trails.  Some of the more popular lakes in the area include Pokegama Lake, Bowstring Lake, Wabana & Lake Winnie.  If you are thinking about purchasing Grand Rapids lakeshore property – you may want to check out the Deer River lake property market as well – Deer River is very close to Gr. Rapids and the markets are very much intermingled. 
We hope you find what you are looking for – if you have any questions, please do not hesitate to contact us!  Happy lake home hunting!

Siren & Spooner Wisconsin – Today’s Needle in a Haystack

Wednesday, August 23rd, 2006

Siren & Spooner area

Today I picked both Siren, WI & Spooner, WI as our Needle in a Haystack.  These are two great areas with plenty of water.  Check out LakePlace.com to browse virtually all of the Siren lakeshore property on the market as well as the entire Spooner lake property market.  If you find something you like, just let us know and we will set up a showing!  Happy lake home hunting! 

Lake Superior – The Northshore

Monday, August 21st, 2006

Lake Superior North Shore

My wife and I were stood up last week because of the beauty of the Northshore of Lake Superior…seriously. My aunt and uncle from Texas were in town last week for a convention. They decided to spend one day (the day before we were supposed to hang out) along the Northshore of Lake Superior. Well, they had so much fun up north, my aunt called and cancelled our dinner plans because they were just “too tired” and decided to take an earlier flight back. So what did they do? They visited the Split Rock Lighthouse, Gooseberry Falls, & Canal Park – all in one day (including a round-trip from Minneapolis). That is a lot to see in one day…especially if you are from Texas (everyone in the North knows that the South moves at a little slower pace).Â

Anyway, so what is my point? I guess my point is that the Northshore of Lake Superior is an extremely beautiful place. Once you visit it, you will know what I mean. LakePlace.com features a couple of great Lake Superior resorts, dozens of Lake Superior vacation rentals, and virtually every Lake Superior property on the market.  This is one of those special places that has to be on your “MUST SEE” list.

Carnival of Real Estate Blogs

Monday, August 21st, 2006

Carnival Worker

The Pine Needle Lawn is the happy host of this weeks (6th edition) Carnival of Real Estate Blogs. What is a blog carnival? Get the answer here. This carnival was started by the folks at the Zillow Blog to help bring the real estate blogging community together – and at LakePlace.com’s Pine Needle Lawn – we love the idea and enjoy participating.

As this weeks host of the carnival, it is our assignment to pick out the “top” posts submitted by real estate industry bloggers and select one as the “pick of the week.” We feel that all posts submitted deserve acknowledgement – so every submission that came in to us is listed below our pick of the week – in the order they were received…so step right up and enjoy the carnival!

Pick of the Week

Wenchypoo at the Frugal Wisdom blog gives us some great insight into saving energy and saving the planet. Not with a Prius or an E85 automobile – but with smart appliance shopping. Where is it written that a washer and dryer have to match? Read the Pick of the Week.

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Greg Swann from the BloodHoundBlog dropped two posts on us this week. In his first, the Bloodhound is barking up Zillow’s tree. Greg has some strong feelings about Zillow and Automated Valuation Models in general. Read the post. His second post focuses on the benefits that can be gained from out-working your peers – “You can be truly great at what you do and still people may forget about you. But treat them badly and they will remember you to their graves”…Read More.

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Marlow Harris at the 360 Digest discusses attorney David Barry and her take on the true intentions of his lawsuit(s) against the National Association of Realtors. Here it is.

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Jonathan J. Miller at the Matrix gives his insight into what should be done if an appraisal comes in a little on the light side. Do you scream at the appraiser? Do you get a second opinion? Get the answers here.

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Madeleine Kane @ the MadKane blog lists the top 26 ways to negotiate your way into “unthinkable debt” in a humerous post she calls the Hapless Home Buyer’s Guide.

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Keith at SkillzDesign blogged about a bathroom remodel experience this week. Sounds like there were a few problems. Read the post.

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“The Landlord” at Lording The Land gives a list of positives (depending on your outlook) about investing in the real estate market. If the list appeals to you, he says real estate may be the investment you are looking for. See it here.

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“Frugal” from My 1st Million at 33 gives us his (or her) take on bubbles in real estate and stock markets. He/she compares small cap, mid cap, and large cap stocks to small cap, mid cap, and large cap real estate markets. Read the post.

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Henry Abbot at True Gotham writes about “bubble sitting.” He says if you are thinking about trying to time the bottom of the market – he would not want to be in your shoes. View the Post.

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Glenn Roberts Jr. at the Inman Blog posted a short snippet about a flat-fee MLS listing company that is willing to barter with homesellers. Want to get your FSBO listed in the MLS? Just offer to paint this company’s walls and fix their toilet. Read More.

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Daniel Rothamel from the Charlottesville Area Real Estate Blog talks about a controversial subject (especially here in Minnesota) – using the term “MLS” in your website URL. This one hits home – LakePlace.com had to make some changes due to this rule. Get Daniel’s opinion.

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Niki Scevak at the Homethinking Blog posted some interesting data about the ratio of real estate agents per person in some pricey markets. The post is titled: A Realtor For Every Child.

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Rick over at Landlord Shmandlord gives us his answer to an “important question to ask yourself before purchasing an investment property in an unfamiliar town.” Click here to read.

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Stan Humphries, Director of Advanced Analytics at Zillow, blogged about a new report they released on second quarter real estate performance in five metro areas. Are prices going up or down? Find out zere.

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Jon Ernest at Spotlight Realty’s Blog is “PUMPED!!!” He just negotiated a purchase agreement for a condo conversion he will be starting once the “normal” contigencies are satisfied. This post is part 1 of a chronicle which will take us through the entire process.

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Joel Burslem at the Future of Real Estate Marketing has an interesting post titled Zillow Could End Up Replacing NAR. Joel says that when it comes to getting press, Zillow has it figured out. Read the post.

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Nina Smith at Queer Cents reviews a new book by Barbara Kavovit titled Invest In Your Nest. Sounds like Barbara’s nest is a mansion in the Hamptons and her tips go hand in hand with that lifestyle. Find out what Nina thought of the book.

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Dan Melson at Searchlight Crusade has an indepth post on range pricing vs. a single asking price. I have not seen range pricing in this part of the country, but it sounds like it is a common practice in San Diego. Read this interesting post.

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Mike Simonsen at the Altos Research Blog has some interesting insight and data relating to the “Re-listing Phenomenon.” It looks like it is becoming common place to reset the days-on-the-market counter in the MLS database. Read more about it.

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Rob at Pittsburgh Homes Daily blogs about something that is close to our hearts here in Minnesota – waterfront living. Rob’s article discusses a proposed 700 unit waterfront development in the cultural district of Pittsburgh. The plans are beautiful – read about it here.

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Anesia Springborn from The Landlord Blog asks the question – Should an investor get a real estate license? Read her post to find out what she thinks.

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Rudolph D. Bachraty III at the Sellsius Real Estate Blog wants to know what buyers and sellers think of Zillow vs. a traditional real estate agent when it comes to estimating the value of a home. Visit the Sellsius blog to take The Ultimate Zillow Poll.

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Cliff Jacobson from WebHomeUSABlog presents his opinions on the NAR President’s new “unbloglike” blog in a post titled Hail to the Chief. Read this post to find out what Cliff thinks about blocking comments and trackbacks on the official NAR Blog.

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Cameron H from LandBin.com offers up tips on searching for land for sale. LandBin features 50,000 Minnesota land and Wisconsin land listings.  Easily use the site to find virtually all available listings or visit the land sitemap for easy navigation.

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This concludes the 6th edition of the Carnival of Real Estate. I had a great time reading every post that came in (and diving much deeper into many of these blogs). There were some great posts, some great insight, and some great ideas. Next weeks carnival will be hosted at The Landlord Blog – be sure to check it out!

(Top: Carnival worker photo courtesy of Wade Wofford)