Predicting the habits of sellers tends to be a shot in the dark in today’s market, but it doesn’t hurt to give an educated guess. Lake Homes Realty’s CEO, Glenn Phillips, forecasts some expected trends from sellers in 2023.
- Already Selling: There are three types of sellers in this category. They typically range from casually invested, uninterested, and completely vested in the lake real estate market.
- “Steady as She Goes”
- Under-reactive
- Proactive
- New Sellers: This category also holds three types of sellers, most of which are proactive. What differs about them is the motivation behind selling their property.
- “Steady as She Goes”
- Proactive-Economic Concerns
- Proactive-Liquidate
From speculative to motivated, sellers come in all types, and understanding their patterns is key to buying or selling a lake home. Be sure to take these seller types into consideration before entering the lake homes market!