Sue Paige

Here we are towards the end of the year and more news comes to us stating more homes might be coming onto the market due to mortgages being upsidedown.

According to Fitch in the DSNEWS.com media there is an article worth viewing. Fitch reports 2/3 of borrowers are underwater. I want to say I believe Fitch is based out of California.

" A new monthly report from Fitch Ratings, Fitch RMBS Performance Metrics, estimated that approximately 60% of the remaining performing borrowers from 2006-2007 vintage securities owe more on their mortgages than the homes are worth. That negative home equity is preventing sustained improvement in US mortgage performance."Persistent unemployment problems continue to play into these statistics for people being able to remain in their homes. Fitch previously said in its " Global Economic Outlook" report that national unemployment will likely continue rising, peaking around 10.3% mid 2010.

Fitch continues to talk about the prices will continue to decline about 10% nationally in the next year. Gains this year according to Fitch were via modifications, liquidations, and moratoriums in some major markets.

"Even though modification efforts and an extension of th First Time Home Buyer tax credit may help, increased liquidations from growing distressed inventory will likely cause a further price decline."

Here in Maine where I am located we don't have the increased distressed properties such as other states, but this all continues to have an impact wherever you might hang your hat. I find it imperative for an agent to have an understanding of what is happening in the market in their home area along with general knowledge of outside their market. People continue to ask for " that great deal" They are far and few is my general thoughts. Most of our distressed properties have some damage from minor to major needs.

When it comes to wanting to know where to put some of your money and get a good ROI then land, waterfront, water access property might be the way to go. The Sebago Lake region boasts over 45 miles of boating and coves to relax in.There are great places to enjoy kayaking, canoeing, or a quiet sailing adventure. If you would rather go water skiing, wakeboarding there are great areas to enjoy those activities.

You might want to just relax, sip your favorite drink, listen to the loons, watch what is happening on the water, write that book, or rest.

For whatever reason you would like to get away and enjoy a special time away from the daily hustle then come to Maine and find out why so many others have found Sebago Lake and its' surrounding lakes is the answer to stress free living.

Susan Paige
ERA Today Realty
207-693-6500 ext. 222 ask for sue paige
cell: 207-749-5459
susan.paige@era.com

I thought I would just share some thoughts here since I don't have a thought for a blog this week. I have been wracking my brain for an idea and it drew a blank.

I think the problem is there are still snow storms happening and I am thinking Spring. I have listed some land and will be listing more land in a few weeks. The problem is the buyers need snow shoes to walk it, or skis. Where is Spring.

I have a listing I just sold and all the photos show snow, but under that snow is a beautiful perenial garden. Where is Spring?

I went to a book club meeting and the parking lot was enclosed by huge piles of snow. There weren't all the available spots to park available. Where is Spring?

So, I sit here and think of my business plan and how it is working for me. One listing prospect a week is my goal. It's happening. Today I was worried I wouldn't meet my goal but I received two calls for listing appointments. ONe is land and one is a big home. The land? Under the snow. Where is Spring?

Do you think if I dress for Spring it will come sooner? I don't see geese coming back. The ice fishing is in full swing. Ice isn't melting. Where is Spring?

Well, I have gone on long enough for you to see I am ready to see a robin land in my yard and to hear a loon land in the water out front. It's pretty with all the snow and the fun is still there to be had. Snow mobiles cruise the lake and the mountains, the moose travel along trails in the woods, and the mail still gets delivered. I guess I can wait a few more weeks.

While I wait I will make sure to let people know I am here and that the buyers are starting to act on the advantages real estate is bringing to them. Investors are beginning to show more enthusiasm. Sellers are starting to think what will make their home stand out more than their competition. I love marketing and believe with all that is available on the internet we should all have a great come back.

Best of luck to all who wish to meet their goals.

Here it is!! The place to check out!!!!

770 Roosevelt Trail, Naples, Me. 207-693-5332. tikibar@roadrunner.com

Steve Kirk has owned the Tiki Bar & Grill in Naples, Me. for the past three years and has brought it to a local mecca of entertainment. Steve is involved in the Naples local events and this coming Naples winterfest along with Hannaford's fishing derby which is supporting United Way. This will be taking place the weekend of Feb.14th. There will be all kinds of events going on around the lakes to see and be a part of.

The Tiki Bar & Grill will be hosting a party on Saturday, Feb.14th. There will be special foods,beverages,prizes, and other fun things to be had. The save sebago cove raffle drawing will be held during the party. For more information regarding the Winterfest and the party call Matt at: 207-577-3788.

The Tiki Bar and Grill has a new website being launched where you will be able to find information on their menu and entertainment schedules. Some of the entertainment venues brought in to the restaurant are: Rock, Blues, Jazz, Country, and Reggae music. That site is : www.naplestikibar.com

This restaurant is a family oriented restaurant with a tropical theme situated in the heartland of the lakes region with great views. When I say Views!!!!!! You can sit at a table looking out over Brandy Pond which connects to both Long Lake and Sebago Lake. You might see a beautiful sail boat glide by while having your meal. The menu prices range from $5.99 to $18.99. Specialty drinks range from $6.00 to $10.00. There will be a different menu for the summer crowd. Some of the items to choose from are: Turkey Club, Tiki Burger, Chili Dogs, Baked Haddock, Crab Cake Platter, Chicken Parmesan, Steak Tiops, and much more.

The Tiki Bar and Grill also will cater to those who need to plan an event in the area. Their upstairs open area with its' own views and deck is a great place for your meeting or wedding. Steve can help you plan your event so it will be the success you wish it to be.

Don't hesitate to contact him for more information.

Steve Kirk has been married for 20 years and has four children. Two of his children are an integral part of his business. His daughter Kayla is a waitress there and his son, JT works in the kitchen, at the bar, or at the door. It is a family affair.

Give the Tiki Bar & Grill the opportunity to entertain you and your family or date. Let Steve know you found him on this blog.

About the author: Susan Paige is a real estate agent for ERA Today Realty, l ocated on the causeway in Naples. Susan.paige@era.com. She is there for your real estate needs and information regarding what is happening in Naples, Me.

We need to be aware of snow and the weight it has. When snow accumulates and during this winter withour freezes we need to make sure to take care and not let ice build up. It can get under the eaves and then you might find having insulation getting wet and a pricey fix.

So, please take care. There are plenty of people out there who will be happy to remove the snow for you and they are insured. Accidents do happen. We had a couple of folks last year and fall off roofs.

If you are in my neck of the woods I can give you names of those who can help you take care of your home. Let me know if you need that help.

Take care and enjoy the rest of our winter.

Stay safe