Real Estate Information Archive


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Knowledge Reigns Supreme in Resort and Second-Home Marketplace

by Tom Stachler,ABR,CDPE - Group One Realty Team

Louis Price, a REALTOR® with Coldwell Banker in New Buffalo, Mich., has seen his business gravitate toward second homes over the last several years. Serving the Lake Michigan area, his client base trends toward second-home seekers from Chicago who are looking for homes by the lake.

That’s why when Price first learned about the Resort and Second-Home Property Specialist (RSPS) certification offered by the National Association of REALTORS®, he knew he needed to get it.

“When I found out about the certification, I thought, ‘the more knowledge I can get about second homes and resorts, the better off I’ll be, and the better I can serve my clients,'” says Price.

“It really brought me up to date on the thought process they go through and helped me better figure out how to deal with their needs,” says Price.During his class, he learned about the attitudes of second-home buyers, and the differences between those looking for investment properties and those looking to get away and relax.

With a better understanding of their mindset, Price believes he has better credibility with clients. Many are impressed that he’s furthering his knowledge and like that he’s an expert in the area.

A REALTOR® since 1983 and a multimillion-dollar producer many times over, Price feels it’s important to always improve his knowledge base. With less than 1 percent of real estate professionals having earned the designation nationally, Price often champions the certification, telling other agents why they should follow his lead.“I think it carries extra weight with buyers and sellers, but it also carries extra weight with other real estate professionals, because they know I have the experience in resorts and second homes, so if they bring me an offer, or I bring them an offer, they know I’m aware of what’s going on in the market,” says Price. “There’s a respect there.”

As a member of the National Resort and Second Home Real Estate Committee, his responsibilities include staying up to date and protecting the interests of property owners and real estate professionals when it comes to second homes and resort properties.

While he’s seen an increase in business lately, Price feels that his RSPS certification makes him a preferred choice for those looking for second homes and resort properties.“The big question from buyers is, ‘Will I be able to Rent this house out?’ Some people don’t want to live in a rental community, so having that knowledge and knowing what different associations are doing is important for success,” says Price.

“The second home and resort business has been on an upswing the last couple years,” concludes Price. “Prices are going up a bit, but it’s also been a very good time for buyers.”


Check out our Waterfront or Income properties link above under MLS listings for a list of places for sale.   Call Tom with any questions that you may have.  Tom Stachler is a licensed builder and broker working in Ann Arbor and the surrounding MIchigan market areas.  

Angelina Jolie's New Home Near Los Angeles

by Tom Stachler,ABR,CDPE - Group One Realty Team

Angelina Jolie Enters Escrow in Los Feliz


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What’s better than a little retail therapy after a big breakup? Real estate retail therapy. Post-split, actress/humanitarian Angelina Jolie recently dropped an epic $25 million on a sprawling Los Feliz estate once owned by iconic silver-screen director Cecil B. DeMille, who lived in the dramatic Home until his death in 1959.

Built in 1913, the 11,000 square foot home is located on DeMille Drive. The space has six bedrooms (the exact number of Jolie’s children), ten bathrooms, a pool house, poolside gym, private studio, library and charming rose gardens. Views from the home highlight the sparkling LA cityscape, the ocean, and the Griffith Park Observatory. The estate roosts on over two acres of land in the Laughlin Park community.

The home isn’t far from Brad Pitt’s historic Hollywood mansion, a space Jolie once occupied with Pitt and co. Behold its massive glory in the following array of photos.

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Sold for: $24,950,000

Displaying blog entries 1-2 of 2