Living life at the lake is something a lot of people love or want to experience. While this is true, you might be seeing more and more people selling their lake properties. Why is this? There are a few reasons why lake homeowners are selling. Glenn Phillips, CEO of Lake Homes Realty, has the answer to this question.
Age-Related: Owning a lake property can become something that involves a lot of maintenance and upkeep. At a certain point in life, you might not want to fool with those things anymore. That’s not to say you didn’t enjoy and get the most out of the lake home.
Life-Style Changes: You might have had the lake home when the kids were younger, and now some of the family has moved away. Lifestyle changes can even lead to interest changes. Many life events or changes can alter the amount of time you spend at the lake compared to how much you once did.
Financial Opportunity: If you’re looking for time to get a good return on your investment, selling might be something that is being considered. This point is usually a more practical one in comparison. However, at the end of the day, if it’s something you’re wanting to do, now’s a great time to do so.
If you’re thinking of selling or it’s been on your mind, consider where you might fall in terms of these 3 points. More than likely, it will be one, if not multiple. Like always, the lake market experts at LakeHomes.com are willing to help and give advice. Reach out to one of them today.
As the 2024 Summer Olympics commences in a few days, why watch when you and your loved ones can join in on the excitement? While not everyone can travel to Paris, you can bring the Olympic games to your own lake! With a bit of creativity and organization, you can transform your lake into a hub of thrilling activities. Here’s a guide to hosting your lakefront Olympics, featuring games and activities that guests can enjoy both on and around the water.
Start your Lake Olympics with a community kickoff that captures the essence of the games. Gather family, friends, and neighbors for an opening ceremony with music, dance, and even a symbolic lighting of a homemade Olympic torch. This inclusive start sets the stage for a day of fun competition inspired by the grandeur of the 2024 Paris Olympics.
Let’s first design a diverse lineup of events that will keep everyone entertained. From traditional Olympic sports to quirky lake-themed games, there’s something for everyone to enjoy. Here are some fun ideas to get you started:
Paddleboard Relay Races – In the spirit of the upcoming Paris Olympics, divide participants into teams and have them race across the lake on paddleboards. This fun and challenging event tests balance and teamwork, guaranteeing lots of laughter and excitement.
Floating Obstacle Course – Create a floating obstacle course using inflatable platforms, buoys, and floating hoops. Participants navigate the course, jumping, climbing, and swimming their way to the finish line, reminiscent of an Olympic adventure challenge.
Water Polo – Set up a water polo match in a section of the lake. Teams compete to score goals by throwing a ball into the opposing team’s net, emulating the fast-paced and exciting nature of Olympic water polo.
Open Water Swimming Race – Establish a designated swimming course in the lake for an open water race. Swimmers compete over a set distance, showcasing their endurance and speed.
Rowing Regatta – Host a rowing regatta with teams competing in traditional rowing boats. This event captures the essence of Olympic rowing, emphasizing teamwork, strength, and synchronization.
Water Bucket Relay – Organize a water bucket relay where teams race to fill a larger container using smaller buckets. Participants run to the water, fill their buckets, and then race back to pour the water into their team’s container. The team that fills their container first wins. This event combines speed, teamwork, and a refreshing splash, making it a perfect addition to your Lake Olympics.
Tug-of-War – Get teams together for a classic tug-of-war challenge. This simple yet exhilarating game is a great way to foster team spirit and camaraderie among participants, much like the team sports in Paris.
Volleyball – Set up a net on the sand and host a thrilling beach volleyball tournament. Teams compete in matches, showcasing their skills in serving, spiking, and diving for the ball. With the beautiful lake as a backdrop, participants and spectators alike can enjoy the excitement and energy of this classic sport.
Flag Football – Create a field on the lake for a lively game of flag football. Teams compete to score touchdowns by pulling the flags from their opponents’ belts instead of tackling. This fast-paced, non-contact sport is perfect for the sandy shoreline and encourages teamwork, strategy, and friendly competition.
Water Balloon Dodgeball – Set up a dodgeball game using water balloons. Participants must avoid being hit while trying to eliminate their opponents, adding a refreshing twist to the traditional game.
Hosting the Olympics at your lake is a fantastic way to bring your community together for a day of fun, fitness, and unforgettable experiences. With these engaging activities and a positive, upbeat atmosphere, your Lake Olympics will be a highlight for everyone involved. Let the games begin and let your lake shine as brightly as the lights of Paris!
The band TLC says in their famous song “Don’t go chasing waterfalls.” But as lake lovers, we simply can’t help seeking out these natural wonders. One of the best parts about living near nature is discovering breathtaking sights. However, traveling to Niagara Falls in New York is unnecessary to witness incredible falling waters. No matter what region of the country you live in, there’s an impressive waterfall on a lake near you. Check out the best waterfalls near lakes with listings on Lake Homes Realty!
Located on the Cumberland River, which flows into Lake Cumberland, these falls are one of the top destinations for hikers in the south. It’s no wonder why, as Cumberland Falls is the largest waterfall in the state of Kentucky. On its 125-foot curtain, water tumbles 68 feet into the river. Its impressive size helped it earn the title “Niagara of the South.” But that’s not the only special quality of these falls. The Cumberland Falls are famous for producing lunar rainbows or “moonbows.” In this rare phenomenon, a rainbow is formed by the sun’s light reflecting off the moon’s surface. The moonbow at Cumberland Falls is one of two predictable moonbows in the world.
Near Lake Superior in Michigan, Tahquamenon Falls is the second most voluminous waterfall in the eastern U.S., behind only Niagara Falls. Every second, 50,000 gallons of water plunge 50 feet into the river. However, despite its size and power, the falls’ most noticeable quality might actually be its color. Since the river drains from cedar swamps, the tannis gives off a brown hue, hence the fall’s nickname, “Root Beer Falls.” As one of the country’s best waterfalls, it certainly deserves a visit. Further, this waterfall isn’t frozen in the winter, so you can enjoy it year-round!
You don’t want to be caught standing on the edge of Whitewater Falls. It towers more than 400 feet, making it the tallest waterfall east of Mississippi. The incredible view is even better in autumn when changing leaves outline the cascading falls. Located on the Whitewater River which flows into Lake Jocassee, South Carolina, this waterfall is surrounded by plenty of mountains and hiking trails such as the Foothills Trail to explore.
Many people vacation in Pennsylvania’s Poconos Mountains for the skiing, hiking, and scenic views. These mountains are also home to one of the country’s best waterfalls, Bushkill Falls. This series of eight total waterfalls is secluded in the forest, accessible by hiking trails and bridges. While you’re there, take a trip to the nearby Delaware River, home of George Washington’s iconic Revolutionary War crossing.
In addition to being the subject of a well-known Alan Jackson song, the Chattahoochee River in Georgia is also home to this impressive waterfall. Wedged in the middle of the Chattahoochee-Oconee National Forest, Anna Ruby Falls is surrounded by several hiking trails so you can enjoy a full day of nature on your way to the falls. One trail, Lion’s Eye Trail, has signs marked in braille for those with visual impairments. If you’re looking for a lake home near Chattahoochee, check out Lake Lanier and West Point Lake. From there, you can easily make day trips to this gorgeous forest.
Which of the best waterfalls on our lakes are you most likely to visit?
Are you selling your lake home anytime soon? If so, you may be thinking about the different costs that could go into it. One specific thing is different compensations for agents. More specifically, buyer agent compensation. Should you just offer it? Glenn Phillips, CEO of Lake Homes Realty, offers insight into this topic.
It Depends: Buyer agent compensation isn’t something that is required. At the end of the day, it comes down to whether you feel like you should offer it. However, you have to think about it because there are situations where you might want to, and in some cases, you might not.
What Is Your Goal In Selling? You want to get the most money you can, but there should be more thought put into that. Something you really should strive for is getting the maximum number of buyers who are capable of paying for the price you’re looking for.
3 Groups of Buyers: A) Can Pay Their Agent – These are typically the buyers who will be paying cash for the house. Many of these buyers are comfortable paying for services and have usually signed the Buyer’s Agent Agreement. B) Can Not (or Will Not) Pay Their Agent – This group usually doesn’t have the means to pay that compensation. They often expect the seller to compensate in some form or fashion. C) Can and Will Pay a Portion – They might pay a little bit or they might end up paying a lot. This group will typically be seen doing the most negotiating.
Suggested Goal: Best Net $: The end goal should be what will ultimately net you the best return on your investment (your lake home). Something that can play into this is pricing accordingly. Expanding your pool of buyers might also be a factor.
If you’re planning on selling your property soon and need assistance, don’t hesitate. Reach out to one of our lake expert agents at LakeHomes.com. They are always willing to help and can answer any questions you still might have!
You’ve decided to finally buy that lake home you’ve always wanted. The only issue is that you don’t know how to go about it. How do you navigate this market? What goes into buying a lake home? Well, now there is no need to stress over these issues. Lake Homes Realty’s CEO, Glenn Phillips, goes over how you can buy a lake home like a pro!
Investor or “I Want What I Want”: What is your mindset going into the buying process? If you’re thinking like an investor, you’re more likely to think of things like ROI. Thinking as an investor or in the sense of making money will bring in different values during buying. On the other end, you might have an idea of exactly what you want. These 2 different spectrums are ways that you can approach this financial aspect of buying.
Know Your “Number”: Before going into anything, you should know what you’re willing to spend. Being comfortable knowing what number you’re wanting to spend will help alleviate future issues. People who buy off emotion or do not give a lot of thought can lead to feelings of regret.
Use a Lake Expert Agent: Having an agent who knows the market, the area, the lake, etc. is more valuable than you know. These agents know the nuances of the lake homes in their area. If you don’t already have a lake expert agent, check out someone from LakeHomes.com. They are some of the best out there and would love to help!
Do the Due Diligence: Things such as getting surveys and home inspections—all these things you might think you can pass on, you can’t. Not doing your due diligence can lead to mistakes, issues, and a plethora of other unwanted things.
Keep Options Open: You’re allowed things you won’t budge on. However, you need to keep the options open because something could come up.
Buying a lake home like a pro doesn’t need to be a stressful or difficult task. The biggest thing to remember is these 5 points. If you follow these, it will make your experience play out a lot smoother. Don’t forget to check out the list of agents at LakeHomes.com/agents who are ready to help you!
The lake real estate market is an interesting one. Unlike your typical market for real estate, this market is more niche. You also might be wondering if it is a market for sellers or buyers. Questions like these are very typical when it comes to this market specifically. Luckily, Lake Homes Realty’s CEO, Glenn Phillips, has the answer to this question.
Seller’s Market: Command Higher Prices – Typically, a seller’s market means that the seller can command this higher price. When this occurs, there is usually limited inventory and a high volume of buyers. With this type of market, the seller has more of an advantage.
Buyer’s Market: More Options – Opposite of the seller’s market, the buyer’s market has fewer people looking. During this time, a lot of sellers are wanting to appeal to the buyer. When this type of market happens, the buyer has the ability to offer a lower price with more options.
Pricing: Supply and Demand – The main factor in determining which market we’re in comes down to supply and demand. Is there a higher number of houses with fewer buyers, or less inventory and more buyers? In more recent years, there has been a decline in inventory. This was around the Covid-19 years, which created a seller’s market. Things have begun to change due to less demand. That’s not to say it isn’t still there; it’s just not like the frenzy that it once was.
Increase in Inventory (Sort of) – In the past couple of months, there has been an increase in lake real estate and primary residential real estate.
“Phantom” Inventory – There are still sellers today who think we’re in a strong seller’s market. This has caused them to overprice their homes, leading to the homes sitting on the market.
“Stalemate” Market – We’re not technically in one market or the other, more so this “stalemate” market. This ultimately means there’s an equilibrium between supply and demand.
It all boils down to: which market are we still in? Truth be told, neither. We’re in an area where the sellers can have a little bit of an advantage if they price their homes appropriately. If you’re still curious about the market or have other real estate questions, head over to LakeHomes.com. You’re bound to find an agent in your area who is happy to help out.
When dealing with buying a lake home, you might hear the term “escalation clause”. If you’re familiar with this term, you might be wondering if it is a good or bad thing. Even if it is something you’ve never heard of before, finding out what it means can benefit you in the future. Lake Homes Realty’s CEO, Glenn Phillips, discusses what this is and whether an escalation clause is something good or something bad.
Escalation Clause: Automatic Price Increase Formula: This was something that was very popular during Covid-19 and, in particular, frenzy buying. Basically, people were wanting to make an offer and that be it. They were not willing to go through the hoops of making a second offer. Simplified more, you would make your offer and if someone came in with a higher one, you’d understand yours would jump up some amount.
Keeps Offer Amount Competitive: Due to these different escalation clauses for properties, it was more of a competitive area. Instead of the one amount being out there, it was almost a stair-stepping increase between offers.
Less Popular: Since Covid-19, these clauses aren’t as popular. One reason in particular is that it is becoming too much for the sellers and their agents to manage. Sellers got to a point where they wanted people to make their best offer. Now, sellers will ask buyers to “give us your highest and best offer”.
More to Offer Than Money: Oftentimes, escalation clauses can overshadow some of the other things that could potentially be offered. Things such as an additional property (a boat, furniture, etc.) or a different contribution of closing costs, etc.
Varies By Local Market: These clauses all vary depending on the market. Utilizing a lake agent, like one at LakeHomes.com, would be beneficial. The agents understand their markets and the things that go into them, such as inflation rates.
Before going into the buying process and expecting things to flow a certain direction, reach out to a lake expert for more help. They are always willing to give advice and information when needed.
Summer is synonymous with sunshine, laughter, and cooling off in refreshing waters. And what better way to enjoy a day at the lake than lounging on a comfy float? But with so many options available, it can be tough to know where to begin. This article will be your lifesaver, guiding you through the top lake floats of 2024. We’ll cover a variety of styles and functionalities to suit your needs, whether you’re a party animal seeking a floating island paradise or a tranquility enthusiast yearning for a solo chill zone.
The Chillaxer’s Oasis: Intex River Run 1 Inflatable Water Float
For those seeking a classic no-frills float experience, the Intex River Run 1 reigns supreme. This inflatable tube offers a spacious circular design with a mesh bottom for cool comfort, perfect for kicking back and soaking up the sun. It boasts a cup holder for keeping your favorite beverage close at hand, and multiple air chambers for added safety. Plus, with its affordable price tag, the Intex River Run 1 is easy on the wallet.
If luxurious relaxation is your priority, then the Big Joe Captain’s Pool Float is your captain to tranquility. This plush throne boasts a built-in cup holder, oversized backrest, and armrests, ensuring you stay comfortable for hours on end. The durable construction and UV protection guarantee long-lasting enjoyment, while the inflatable design makes for one of the best lake floats on the market.
Island Hopping: Ozark Trail Big 6-Person Inflatable Island
Craving a floating fiesta with a group of friends or family? The Ozark Trail Big 6-Person Inflatable Island is your answer to unforgettable lake adventures. This inflatable behemoth offers ample lounging space for up to six adults, making it ideal for group gatherings or family outings. Equipped with eight cup holders and a built-in cooler, you can keep drinks and snacks ready for your crew. For added comfort, it features two extra-wide pillow backrests and a mesh area for dipping your toes in the water. Easy to maneuver thanks to the swim-up platform and heavy-duty handles, the Ozark Trail Big 6-Person Inflatable Island joins the ranks of the best lake floats, ensuring a touch of comfort and convenience on your next aquatic escapade.
Serenity Seeker’s Sanctuary: Bote Inflatable Hangout Water Hammock
For those seeking a dose of tranquility on the water, the Bote Inflatable Hangout Water Hammock is your ultimate escape pod. Imagine gently rocking on the waves with a captivating book in hand. This hammock-style float allows you to comfortably stretch out and soak up the sun, with a headrest for added comfort. The durable, water-resistant construction ensures you can drift along without worry, while the inflatable design makes for easy transport. Escape the noise and find your zen with the Bote Inflatable Hangout Water Hammock.
So there you have it! From classic tubes to luxurious lounges and social party islands, we’ve explored a variety of the best lake floats for 2024. Whether you’re seeking a solo escape, a romantic rendezvous, or a fun-filled family outing, there’s a perfect float out there to elevate your lakeside experience. So grab your sunscreen, inflate your floatie of choice, and get ready to make a splash this summer with one of these amazing best lake floats!
Most people have probably heard of the TV show Shark Tank. However, you might not realize that selling lake property is more similar to that show than you know. When you think about it, the people who go on the show are entrepreneurs. This can almost be said for somebody selling a lake home. You have a product, your home, that you’re trying to get the “sharks”, the buyers, to invest in. Glenn Phillips, CEO of Lake Homes Realty, discusses 5 points about what this might look like.
“Addressable Market” (Who is Your Customer?): You’re not selling to everyone when it comes to your lake home. You have a specific demographic that is realistically looking at your home. These are the people who are interested in making that investment/purchase of your home.
How Do You Market (Reach Your Customer)?: Here at LakeHomes.com, there is market reach to people in your area and those who are states away. Agents at Lake Homes Realty can present you with this data and show you that the customers you’re reaching are likely outside of your local area.
What is Your Value Proposition? What is the reason behind your home being at this price point? Oftentimes, consumers who visit Lake Homes Realty are searching around different lakes so pricing is an important factor to stay competitive.
What Makes You Different? You need to have something that differentiates you from other sellers. Going back to Shark Tank, all the products are different. You also need to think beyond your personal home values. Most buyers aren’t looking into how you personalized the property.
Is Different Desirable? You can have eccentric aspects to your property, but this can be a negative to consumers. Not all the things you like always have a positive value.
Overall, selling a lake home can have these similarities with the people who make their way onto Shark Tank. When it comes down to it, making sure you remember these 5 key tips can make or break it. Don’t hesitate to reach out to a lake agent at LakeHomes.com for more help!
