NEW opportunity with this substantial price adjustment! When a seller says they are motivated, there can be many things that affect their decision to change the price to be more favorable to attract a buyer. $100,000 certainly is favorable to a buyer! The sellers, Tori and Robin, have owned James Place Inn since 2006 and […]
Price adjustment on this wonderful inn for sale in Freeport, Maine! Read More »
Old Orchard Beach Inn, just steps from the pier and miles of sandy beach. 17 guest rooms with private baths. Spacious common rooms, large front porch, fully sprinklered, paved parking lot for 20 cars, strong seasonal business. Offered at $1,495,000. Visit the listing page on my website for more details.
New listing in Old Orchard Beach, Maine! Read More »
An inn or bed and breakfast is a hybrid. Yes, it is a business that operates within a piece of real estate on a piece of land. But it is a commercial business with a residential component. So how does an appraiser go about valuing this hybrid business? It’s not always easy for the buyer
Going Concern Value – Inn Valuation Read More »
Now offered at $995,000, this is a beautiful Camden B&B with a view of the Penobscot Bay. Lovely and spacious owner’s quarters are done in the style and decor of the rest of the inn, so innkeepers feel just like the guests at the inn. Enjoy this seasonal business, water views, Camden lifestyle and a
New Price on a Camden Maine Inn! Read More »
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
Substantial Price Reduction! 1802 House in Kennebunkport, Maine Read More »
Individual cottages are increasingly popular for both travelers and buyers, particularly if they’ve got a water view or even better, access to the water. These two businesses offer a nice revenue for the price. Contact me today. I’m happy to do a pre-view for you if you’re out of town.
Two new listings in Bar Harbor, Maine – very popular “cottages” Read More »
It’s a frequently asked question by both buyers and sellers. Actually, add in appraisers and bankers as well. Everyone wants to know if there are buyers out there. The answer is absolutely, yes. However, the ratio of buyers in certain buyer pools has shifted during the economic slowdown. The following represents the bed and breakfast
What’s happening in the bed and breakfast brokerage market? Read More »
Talk about a brilliant marketing tool… ILoveInns.com has launched InnTouch.com – an iphone application which lets you to search for an inn wherever you are, allowing the phone to use your current location with one touch. This feature would certainly sway me to advertise my bed and breakfast or inn with them over some other
New iphone application for Bed & Breakfast seekers! Read More »
The foyer of the inn (above)This is the inn’s Den (above), with its incredibly beautiful Mahogany woodwork (large photo below). Handsome, yet the room remains bright, with a large bay window on the opposite side of the room.This is Guilford Bed and Breakfast. Restoration at its best. Owners have taken no shortcuts at this property;
May I interest you in a “hobby” Bed and Breakfast? Read More »
$45mil Freeport development underway…from MaineBiz February 24. Also in the works – a premier train station for Freeport to become a Transit Oriented Destination (TOD). Captain Briggs House offers a buyer a great opportunity while interest rates are historically low, while the area, and thus the potential of the area businesses continue to grow. Win-win
Good news for Captain Briggs House Bed and Breakfast listing in Freeport, Maine Read More »
The rates we have been seeing in hospitality lending in Maine for years have been relatively and historically low for commercial loans. However, they keep changing very quickly. Contact me to discuss current rates.
Not everyone who is a licensed real estate agent is a Realtor®?
A Realtor® is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country. Realtors® are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics. Some Realtors® are brokers, while some are associate brokers or sales agents. These are varying levels of education, licensing and often responsibilities.
And hospitality ‘Consultants’ or ‘Brokers’ who are not licensed in the state of Maine are not held to any standards the way we are here as licensed Realtors® in Maine, where consumer protection is paramount.
I am a REALTOR®, a real estate professional who has taken the extra step to belong to the National Association of REALTORS®. Through membership, I abide by a Code of Ethics and have gained expertise to help you navigate one of the most complicated and important transactions you’ll make in your lifetime.
