Tag: CEO Insights

Whiteboard Topics: How Do I Buy An Overpriced Lake Home?

Posted on Kamari House

Finding the home of your dreams with an egregiously high price tag can be discouraging. Lake Homes Realty’s CEO, Glenn Phillips, gives six factors to keep in mind when facing an overpriced home.

  1. Keep Options Open: Becoming fixated on a home can cause you to miss out on other opportunities. Keep an open mind for all potential properties.
  2. Patience: Good things come to those who wait. Although it can be challenging, remember to take your time during this process.  
  3. Listen…and Ask: Be mindful with your questioning, and actively listen to your realtor when they share information. Doing so will help you adapt to your seller’s needs.
  4. Bring Data: Collecting your own information in regards to the market will help you during the negotiation process. It can help determine a realistic price for a home, rather than relying on an inflated number a seller wishes to receive.
  5. Flexibility: If you find your dream home, you don’t have to be so rigid when negotiating. Decide what you’re willing to compromise on to get to a deal both parties are comfortable with.
  6. Be Ready to Walk: Becoming attached to a home can cause you to make rash decisions. When you’ve exhausted your capacity for compromise, be willing to walk away.

When entering the lake homes market, a hefty price tag can be disheartening, but you shouldn’t let it deter you from buying the home of your dreams. Stay prepared, and you will be able to negotiate your way to a manageable price!

Whiteboard Topics: Has The Lake Real Estate Market Shifted?

Posted on Kamari House

Nothing in this world is stagnant, and that includes the lake real estate market. Lake Homes Realty’s CEO, Glenn Phillips, gives four tell-tale signs that the market is shifting.

  1. Inventory Increases: There is an uptick of homes on the market, which has been a positive shift in available inventory.
  2. Days-on-Market: The average time a home spends on the market is beginning to increase. The longer homes sit on the market, the more time buyers have to evaluate their options. 
  3. Price Cuts: The combination of increased inventory and growing day-on-market is leading sellers to cut down their prices; a trend we haven’t seen in the past few years. 
  4. Surge of ‘Better Hurry’s’: In an attempt to maximize profit, surges of sellers are putting their homes on the market while it’s still in their favor. 

As the world around us changes, so will the real estate market. The best way to secure your investment is to recognize these signs and plan your buying/selling strategy around them.

Whiteboard Topics: 3 Ways To Help Your Real Estate Agent

Posted on Kamari House

When searching for your dream home, you must guide your agent in the right direction. Lake Homes Realty’s CEO, Glenn Phillips, shares three tips to help your real estate agent help you find your lake home.

  1. Know and Share Your Goal: Understanding your must-haves and dealbreakers before going into the home buying process is essential in effectively searching for your dream home.
  2. Be Real: Be honest with your agent about your price range from the beginning. This will ensure that time isn’t wasted on homes without potential.
  3. Say ‘No’: Now is not the time to relent on what you want. If you know a property is not for you, it’s ok to say ‘no’ and move on to homes with more promise.

How can you expect your agent to find the perfect home for you if you’re not thorough on what you want? Before you begin your journey, be sure to finalize what you want, be honest throughout the process, and don’t be afraid to say no!

Whiteboard Topics: Has The Lake Real Estate Market Peaked?

Posted on Kamari House

It can be difficult to determine if the market has reached its peak when you’re not familiar with real estate patterns. Lake Homes Realty’s CEO, Glenn Phillips, breaks down three factors that are affecting the market as we know it.

  1. Modern Increase in Inventory: There are several components that go into this, some of which include: the economy, buyer fatigue, and life post-pandemic. Searching for a home, in a market this intense, can become overwhelming, and the effects are starting to show themselves.
  2. Days-on-Market Up: Homes aren’t flying off the market as they once were. This is a clear indication that the frenzy is starting to slow down.
  3. Fewer Offers: The competition isn’t as fierce as it once was. Homes are no longer being flooded with offers as soon as they reach the market.

Although noticeable changes are being made, this isn’t to say we are in a bubble or about to crash. Now is still a great time to sell your lake home for a return on your investment. On the other hand, if you plan to buy, waiting a little longer may lead you to more opportunities.

Whiteboard Topics: Buying? 4 Advantages Of Hiring A Lake Homes Realty Agent

Posted on Kamari House

When buying a lake home, the average commercial real estate agent just won’t do. Lake Homes Realty’s CEO, Glenn Phillips, explains the benefits of working with Lake Homes agents who specialize in the lake real estate market.

  1. Market Expertise: Lake Homes Realty agents don’t just dabble in lake properties. They specialize in their local lake area, which is essential in understanding the complexities of lake real estate.
  2. Price Knowledge: Our agent’s knowledge isn’t limited to their lake area. They understand the pricing trends of lake properties around the nation, which will help you get the best deal on your dream home.
  3. National Network: If during your search you discover the lake you’ve chosen isn’t for you, our agents can connect you to another Lake Homes agent whose lake you may prefer.
  4. The Lake Real Estate Specialists: We are the lake real estate specialists, which means our agents know the market better than the average realtor. 

When choosing a realtor, it’s important to work with someone who knows the lake real estate market better than anyone else. When choosing a Lake Homes agent, you can rest assured that you’ll be working with the best of the best!

Whiteboard Topics: 7 Tips For Finding Your Dream Lake Home In 2022

Posted on Kamari House

The lake real estate market can be difficult to navigate when you don’t plan ahead. Lake Homes Realty’s CEO, Glenn Phillips, shares 7 tips to aid in the search for your dream lake home.

  1. Be Realistic: A home may not fit every criterion, but that doesn’t mean it’s not a solid choice. Don’t let your new lake home pass you by because of unrealistic expectations.
  2. List Your “Got to Haves”: Shifting your mindset to realistic expectations is essential, but it’s important to make a list of must-haves you refuse to compromise on. Think about what you truly cannot live without.
  3. List Your “Nice to Haves”: Creating a list of wants versus needs allows you to discover what you can compromise on. These bonus items can help you choose between similar homes.
  4. List of “Don’t Care”: Sorting out home characteristics you are indifferent to will help broaden your scope of available homes that fit your other criteria.
  5. List Your “Do Not Wants”: This list will help you determine which homes are automatic no so that you don’t waste time. This market is hot, and you don’t want to spend time on a home you would never buy.
  6. Focus: Pay close attention to the detailed lists you’ve created when searching for your dream lake home. This will ensure you narrow your focus to homes that have potential.
  7. Put Your Agent to Work: Now that you’ve developed these detailed lists, it’s time to put your lake real estate expert to work. You’ve built the perfect roadmap for them to follow while they search for your dream home.

Great things in life come from great planning. It can feel tedious breaking down all of your wants into detailed categories, but being thorough will ensure you find the home of your dreams!

Whiteboard Topics: Selling? 4 Advantages Of Hiring A Lake Homes Realty Agent

Posted on Kamari House

When selling your home, you want the best of the best on your side. Lake Homes Realty’s CEO, Glenn Phillips, explains why listing with a Lake Homes Agent is the number one option.

  1. More Buyers: Most agents are well-versed in their local market, but our agents have access to buyers around the country. Having a larger pool of buyers makes selling your home all the easier.
  2. Pricing Intel: Your competition doesn’t end with the home next door. Buyers are vetting lake locations across the nation, and our lake homes agents have the pricing intel to ensure your home has the advantage.
  3. Become a Featured Property: Listing with a Lake Homes Realty Agent is the only way for your property to be featured on the Lakehomes.com website. Your home will be given priority exposure to our target audience.
  4. National Network: Our real estate agents are an interconnected group that is committed to helping you buy/sell a home. If one agent cannot find a property for a buyer, they will refer them to another lake homes agent; one of which could be yours.

These are only a few advantages available to you when listing with a Lake Homes Realty Agent. When deciding to sell your lake home, it only makes sense to go with a lake expert!

Whiteboard Topics: 4 Dangers Of Buying A Lake Home “Sight Unseen”

Posted on Kamari House

The market is difficult to navigate right now, but that doesn’t mean you should jump on just any home you see available. Lake Homes Realty’s CEO, Glenn Phillips, breaks down the risks of buying a home ‘sight unseen’.

  1. Location Matters: Lake homes have specific qualities to look out for when it comes to location. You need to know things like the proximity to the lake and whether it’s a lake view, lakefront, or lake access property. 
  2. Photos Oversell: With the right photos, any home can look flawless. The only way to get a solid feel of what the home is like is to visit it in person.
  3. Lake Access: Depending on angles and lighting, the ‘lakefront’ home you were expecting could actually be water access. Variables like the season and time of day can also make determining this more difficult without seeing it in person.
  4. Contingency Games: Sellers are becoming more aware of the contingency games buyers may play because they are putting an offer on a home ‘sight unseen’. Participating in these games could lead to your offer being disregarded, or a home with problems you weren’t aware of.

It can seem impossible to secure a home when it feels like nothing stays on the market long enough for you to even consider it an option. However, the benefit of touring a home in person is worth the wait!

Whiteboard Topics: 3 Ways Russia is Impacting Real Estate

Posted on Kamari House

The war between Russia and Ukraine may be a good distance away, but it affects the American real estate market more than you think. Lake Homes Realty’s CEO, Glenn Phillips, shares how could affect your real estate transaction.

  1. Crisis Fatigue: From the pandemic to inflation to the war, all of these back-to-back crises can start to weigh on everyone. This can encourage buyers to buy more lake homes as a way to relax and ‘get away’ for a while. 
  2. Life is Short: With everything going on, people are realizing now more than ever that life is short. Why push off buying your dream lake home when the future is not always promised?
  3. Inflation: An overall rise in prices has been taking the country by storm, and the Russian/Ukraine war will only further expedite this. This could deter buyers from buying, and encourage sellers to sell in order to avoid unnecessary costs.

It can be jarring to know that something happening across the world can directly affect the lake real estate market right here in America. Staying informed will help you navigate the market as it adapts to fit in today’s world!