Archive for the 'Information' Category

Canandaigua Lake Statistics

As you can see by looking at the charts below, the housing crisis barely affected sales on Canandaigua Lake.  And how wonderful for sellers to be looking at an average sale price above $700,000. Of course to support those prices, you have absolutely lovely homes and lakefronts.  Some of the most gorgeous home on the Finger Lakes will be found on Canandaigua Lake. 

 If you are interested in purchasing a great vacation home on Canandaigua Lake, give Ray Leone or myself a call.  If you are around the lake, you may even see us out and about showing homes.   Canandaigua is not called the “Chosen Spot” for nothing.  It is a place you have to see and experience.

Information brought to you by Mary St.George, Associate Broker, Wine Trail Properties, 315-719-8377  – Remember you can find many stats like this on our website – if there is other information you need, just contact us.

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Severe Storm Rips Through Seneca Falls

After a memorable, enjoyable and absolutely pleasant weekend, parts of New York were hit with damaging storms and possibly tornadoes.  Fr some of the pictures captured by one of the local broadcasters for Finger Lakes News .com click on the link  ( storm pictures ).  Severe storm warning were scrolling across TV screens and the weatherman predicted the potential for damaging winds and hail.Penn Yan was only witness to thunder and heavy downpours, but many areas were not as fortunate.  Roads into and around Seneca Falls were closed after trees took down power lines and blocked roads.  Parents tried for what seemed like forever to find the status of their children.  The Red Cross set up an emergency shelter, but fortunately after two hours it was determined the need was not there.  That was great news.  Most damage even though it looked bad did not displace anyone.

The rain was much-needed but not to the extent of todays delivery.  Let’s hope we can go back to some more wonderful weather like we experienced over the weekend and say thanks that there were no injuries reported from the storm.

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Canandaigua Boat Launch Finally Reopens !

[youtube width=”450″ height=”364″]http://www.youtube.com/watch?v=cEsfhP77MSQ[/youtube]

The long-awaited opening has arrived.  Fisherman and boaters could not be happier.  For those that did not know it was closed. it was a long ride down to the Naples area to launch their boats and if their boat was too large, many took the drive over to Keuka Lake to launch their boats.

As witnessed in this video courtesy of WHEC, the launch was quite busy for the Memorial Day weekend.

It will cost you $7.00 dollars to launch your boat. Wishing you lots of fun on Canandaigua Lake this summer.

 

This information brought to you by Mary St. George, Associate Broker, Wine Trail Properties, 315-719-8377

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Six Mile Creek Vineyard

[youtube width=”450″ height=”364″]http://www.youtube.com/watch?v=MGECvyYwDu8&feature=player_embedded#![/youtube]

What a gorgeous setting and a very informative owner and winemaker.  Besides making award-winning wines in the Finger Lakes, Six Mile Creek also distills their own Vodka, Gin and Limoncello .  Watch this video and get a feel for the business and the area.  They are located in the Cayuga Lake area and would love for you to stop by.  If you are not into wines, try out their distilled beverages. You may be pleasantly surprised !

Everything started with a trip overseas and a property being for sale across the road. If you have a passion for starting a business in the Finger Lakes and you are looking for the perfect property, give me a call and I will make it happen.

There are some great properties on the market and know of a few that would be available to the right person.

 

This information brought to you by Mary St. George, Associate Broker, , 315-719-8377

 

 

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Keuka Lake – Multiple Offers ?

Yes, multiple offers are back, and it’s a sign that the market is warming up.  As either a buyer or seller, I have a few recommendations for you.

How To Handle a Bidding War  – A Few Tips 
Sellers:

• The highest offer isn’t always the best offer.You want to take a look at the contingencies in the contract.  They could cause delays and more costs.

• Make your decision quickly.

• Do not decide to start looking for more than your asking price, the bidding can stop at any time and leave you with no offers.

• Always be mindful that you do need a buyer, so keep their interest in mind.

Buyers:

• Start with your best offer. A lowball offer will put you out of the running immediately – offer your best fair offer.

• Earnest money can make a difference. Increase your earnest money deposit to show the seller you are serious about closing and will not back out of the transaction.

• Pre-approval is a must in any market, and more so in a hot market. A mortgage pre-approval (or proof of funds for cash buyers) is a necessity.

 • Find out what’s important to the seller. Ask your broker to find out the seller’s hot buttons in the transaction. Is the seller set to move ?  Are they looking at purchasing another home once they find a buyer for their current home?  Maybe they’re willing to accept a slightly lower price for a fast closing or an “as-is” contract.

• Sometimes you will want to waive contingencies. Depending on the condition of the home, your finances and/or the state of your local market, it may make sense to waive certain contingencies, such as a home inspection or mortgage financing. Waiving contingencies is something you really want to think out. 

As I was putting together this blog, one of my Keuka Lake property listings became fodder for a bidding war.  It came out of  left field and caught me by surprise. It has been quite awhile since I have seen this type of market.  It is actually very difficult for the seller to make a decision with multiple offers, especially when they know the parties . Staying professional and reminding your seller of their objectives will help them make the best decision for their needs.

 Contact me anytime, and remember I always appreciate your referrals.

This information brought to you by Mary St.George, Associate Broker, Wine Trail Properties, 315-719-8377

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