cp fishingWe’ve looked at a few ski areas recently (namely Aspen and Taos), but as the temperatures warm and ski season begins to wrap up, it’s time to return closer to home and talk about the really important stuff: bass fishing! (more…)

MangumFrontofHouse

This home is just so beautiful, so one-of-a-kind, I’m a bit at a loss for words. Built in 1914 by a prominent Commerce family, the John T. Knight home is a fully renovated masterpiece of charm and elegance. Mr. Knight was a big shot in this little town, serving as both the banker and the grocer, and the home is reflective of his Edwardian-era status.

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Value and a pretty darn good view — beachfront or mountain — that’s what people generally want when they seek second home real estate. After all, that’s the whole point of buying a second home, getting out of Dodge and enjoying peace, quiet and nature. But one thing has changed since the real estate bubble burst: folks want smaller second homes. (Do you blame them? Give me a one-vacuum-cleaner home on the range.) Two to three bedrooms max, creative living space, multi-function rooms. According to the E360’s 2nd Home Trend Report,  45% of homeowners believe this year — maybe 2011, also — is the best time to buy a second home. No brain-killer here: timing, cheap interest rates, close-out pre-foreclosure sales; property characteristics, location, and price were the major preferences or influencing factors.

God, I hope they didn’t pay someone to dig up this earth-shattering news. Cut the consultants, just chop the price.Because guess what, the buyers are out there on the fence:

“More impressively, of the remaining 54% who indicated that now would not be a good time to buy 79% indicated that they would be likely or very likely to purchase in the next 2 years. Martin says “this is a strong indication that demand will continue to grow over the next two years and will strengthen the second home market”.

Why do second home buyers buy homes? 46% for lifestyle and leisure, 41% for investing, 11% for retirement. Maybe it’s only 11% for retirement because so few of us will be able to retire.  They really don’t want much space. One trend I saw at a lovely East Texas shared ownership and conservation development called Cross Pines Ranch was the porch dining room — second home buyers love large kitchens with eating areas but skip building a formal dining room. The large, screened-in porch can be a second dining or living area, especially if there is an outdoor fireplace. Screened-in means not air conditioned and heated which means, non-taxable square footage.