Whether you call it caretaking or property management, it’s big business on the Vineyard, where many houses are used seasonally, part-time, or as rental investments.

Karla Araujo

Short sales, foreclosures, REOs. For tough economic times, the real estate industry nationwide has developed a jargon all its own. And while there hasn’t been a lot of press about distressed properties on the Island, they do exist and may provide opportunities for patient, discerning buyers. Here’s a closer look at the ins and outs of “unconventional” houses for sale.

A distressed property is real estate that is under foreclosure or impending foreclosure because of insufficient loan payments by the owner/debtor. All forms of distressed properties exist on the Island.

Karla Araujo

It might sound elementary, but a good look at a map is the best first step toward mastering the Island’s quirky geography.

Karla Araujo

The off-season on Martha’s Vineyard is often peppered with news of real estate transactions and speculation.

Karla Araujo

The word on the street regarding the Island’s current real estate sales market is “cautiously optimistic.” While we may not soon see a return to the boom times of five-plus years ago, Vineyard real estate professionals report that the market is definitely trending up.

“The market is healthy compared to 2009,” says Meg Bodnar, a sales associate at Tea Lane Associates of West Tisbury and Chilmark. In fact, she says, three of her last five sales transactions resulted in bidding wars.

Karla Araujo

The word on the street regarding the Island’s current real estate sales market is “cautiously optimistic.”

Karla Araujo

The devastating effects of the Norton Point opening on one couple’s home.

Tom Dunlop

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