William Feela, Realtor, Whispering Pines Realty 651-674-5999 No.  (WHISPERING PINES REALTY)

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Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

This one is not in my wheel house, Bill. When it's something so different from what I normally do I share with a specialist in the discipline.

Feb 21, 2017 10:41 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

That is exciting - please keep us updated on this adventure. 

Feb 21, 2017 10:23 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

sounds like a time drain to me.... 

Feb 21, 2017 11:13 AM
Rainmaker
947,191
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I want one too! Now! 3:)This sounds so exciting and fun. Whatever County or municipality oversees it, get with them and ask them what you need to know. Also, you may need to get with the Army Corps of Engineers or whoever governs beyond the high-water mark (wherever ownership becomes non-private).

Feb 21, 2017 10:57 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

That's certainly something new. Don't take tips from HGTV's Island Life. Keep us posted. I would wonder about access for building?development, if that's the nterest. Perhaps there are different title and insurance issues?

Feb 21, 2017 12:22 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Shouldn't affect your deal much, of course acreages on islands often fluctuate, best to not mention exact acreages in any advertising.  But the legal description should be constant.

As far as utilities, lots of off grid alternatives available these days, I use many of them.

Feb 21, 2017 10:17 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've never done that, though I've wanted my own private island for many, many, many years.  Would love to read about your experience.

Feb 21, 2017 01:18 PM
Rainmaker
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Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes, like how are you going to do the survey?

Raparian rights?  Let's ask the Utah kids what they think.

Feb 21, 2017 12:27 PM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Islands are all well & good when things are right but when they're not two things to consider are the vessel that gets you to and from plus emergency planiing in case something wrong happens, floatplane, helicopter, etc. I have a little more than a decade dealing with island life part time. 

Feb 21, 2017 11:57 AM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Ingress/egress, aka access.  How do you get there?

Is there public use (boaters, etc.) whether recorded or unrecorded, that might create an easement by use?

Legal description, reviewed by Attorney or Title company.

County zoning department, building department.

Competent surveyor.

Feb 21, 2017 12:13 PM
Rainer
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Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

An entire island...how interesting.  I live on an island and own a piece but haven't had anyone ask abou buying one.  Please keep us posted.  I know I would not have the expertise to expand to that kind of sale.  

Feb 21, 2017 11:40 AM
Rainmaker
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I'm anxious to read your blog about the process and the result!

Feb 21, 2017 11:38 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Cool, should be a great learning experience.

Feb 21, 2017 11:06 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

William Feela You may want to check out Chris Krolow. He specializes in island listings and sales. Unless you have a means and the time to travel showings islands, I would refer it out.

Feb 21, 2017 10:34 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

William,

How fun to sell something like that.   Li Read in British Columbia may be of help to you, and I also think that Susan Emo would be another person that is savvy.   Wishing you all the best!

Feb 21, 2017 10:19 AM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

An exciting experience. Pleae report back to us with a blog post on your successfully completed sale.

Feb 21, 2017 10:19 AM
Rainmaker
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Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Being located a fair degree inland I have not had experience with selling an island... maybe someday and I'll be sure to touch base with you on your experiences William Feela 

Feb 08, 2018 07:47 PM
Rainmaker
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Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

You are way out of my league. Keep us posted daily and you'll have the largest following on AR.

Mar 23, 2017 06:29 AM
Rainer
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Cheryl Dukes . . . . . Intown Atlanta
Solid Source Realty, Inc. - Atlanta, GA

Are you licensed to sell an island? Seems like that falls out of the realm of conventional real estate. The services of a lawyer are recommended.

Mar 22, 2017 05:13 PM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

One issue I've seen is the rules and regulations about access to the property.

Feb 25, 2017 08:21 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck.

Feb 24, 2017 04:14 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Out of my scope of expertiese, but love the HGTV show about Island Purchasing.  Good luck.

Feb 23, 2017 10:52 AM
Rainer
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Michael Scruggs
UTR Texas-Realtors - Houston, TX
ABR, CNE, TAHS

Sounds adventureome!  I wish you the best!

Feb 22, 2017 11:30 AM
Rainmaker
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Vern Eaton
Askov, MN
Realtor 651-674-7449

Now this could be a really cool thing to own.   I am thinking of where to park cars when going to the island.

Feb 22, 2017 07:13 AM
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

wow seek out an expert

Feb 22, 2017 05:01 AM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Barbara Todaro nailed this one!

Feb 22, 2017 04:43 AM
Rainmaker
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Roy Kelley
Retired - Gaithersburg, MD

Blog about your solution.

Feb 22, 2017 04:11 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

William Feela - not sure of any islands around. Would love to learn more from you when you have done this, my friend.

Feb 21, 2017 09:46 PM
Rainmaker
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FN LN
Toronto, ON

Some issues will likely depend upon the jurisdiction where the island is located.

Feb 21, 2017 06:34 PM
Rainer
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Lorna Sherland
Success Power Broker - Newburgh, NY
Real Estate Broker serving Hudson Valley

William, I would find an agent who specializes in that kind of sale and oofer 50/50 commission split and learn from them.

Feb 21, 2017 06:16 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I'm not the client William Feela but I've certainly thought about it . Having lived half my life in the lakes area of MN it would be really cool in the summer but I'd be very concerned in the winter with snowmobilers when no one was home to guard the place.

Feb 21, 2017 05:37 PM
Rainmaker
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Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

I have an Island on the Potomac River for sale. 100% flood plain can not build on it , would be for recreational purposes only : hunting , fishing camping...etc

Feb 21, 2017 05:28 PM
Ambassador
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have no experience other than selling homes with islands in the kitchen. 

Feb 21, 2017 05:26 PM
Rainmaker
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

How cool!  Probably geological studies as tides and waves can cause serious erosion issues.

Feb 21, 2017 04:57 PM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow a island, that would be a first for me.

 

Feb 21, 2017 03:22 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I always wanted my own island. The only time i seem to have my own is when i paint myself into my own island and cant get out

Feb 21, 2017 02:54 PM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

Years ago I tripped over a buyer  that claimed to want to buy an island and money was no problem...until I seriously asked for a retainer fee...then he stopped communicating.

The first thing that I did learn was that no one regulates anything on an island...you are basically on your own, with no rules.  The second thing that I learned is that I never want to sell anyone an island as I am not smart enough.

Eve

Feb 21, 2017 02:33 PM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 The first thing I will do is qualify him and ask lender for their opinion....

Is this an islet in US midwest, Texas, Hawaii, Pacific?

 

Feb 21, 2017 02:14 PM
Rainer
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Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Drinking water most important, can't fix if you don't have potable water. Having a tanker boat bring in water to tanks would be costly. How long has the island been there? Volcanic activity? floods? hurricanes? what other disasters to plan around? No public services? Maintain own roads, docs, sewage, and cell tower. Solar and propane generators,  septic system, how clean is ground and underground water, prior uses (is diesel stored there is propane stored there what do those tanks look like do they leak?) , neighboring properties do they allow you to dock? Moorings? License to tie off to moorings? County / state use regulations? Will they have access to coast guard or neighboring fire departments for emergency services? Weather year round? Depth of dock which determines how large a boat you can dock?  Just to name a few...

Feb 21, 2017 02:09 PM
Ambassador
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Where the heck is the island in MN?  That sounds like a really fun place to buy and vacation on.  I've never sold an island so do keep us in the loop so we can learn from you.

Feb 21, 2017 01:28 PM
Rainmaker
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Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Send it out as a referral to the experts in your area who have closed transactions on island. You want your clients to have the best representation.

Feb 21, 2017 01:03 PM
Rainmaker
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Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I would refer that one out but ask if I could be a part of it just for the experience. Sounds like fun but I would not want to do it on my own..-Kasey

Feb 21, 2017 11:29 AM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

A learning curve for both you and your client...

Feb 21, 2017 10:56 AM
Rainmaker
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Jack Lewitz
Exit Strategy Realty - Evanston, IL

Make sure you tell them to budget putting up a wall around the island

Feb 21, 2017 10:27 AM
Rainmaker
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Sounds like something that will be expensive and involve attorneys.

Feb 21, 2017 10:20 AM