Tag: lake activities

Whiteboard Topics: How Weak Real Estate Agents Fool Consumers

Posted on Zac Parnell

Buying or selling a home typically means you’re going to be working with a real estate agent. You might look and look, trying to find the best one. You also might decide to use somebody that you know in the business. When it all boils down, the best thing to do is to choose someone who knows what they’re doing. These strong real estate agents know how to keep on top of everything and not lead you astray. Today, Glenn Phillips, CEO of Lake Homes Realty, discusses how a weaker agent might not be the best fit. 

  1. Years in Real Estate: Someone who has many years in this business might boast about it. While this doesn’t inherently mean they’re not good, it means you need to look at what took place during those years. Were they effective with the market in those years? Or changed things up to ensure success? All these points take precedence over a certain number of years.
  2. High Number of Listings: If they have a high number, that can mean that they are moving transactions. However, some agents have a ton of listings that end up not going anywhere; they simply stay stagnant. 
  3. Number of Certifications: Certifications can play a huge part in becoming a great agent. But those certifications alone aren’t that meaningful if transactions and experiences aren’t there along with them. Being able to apply the certification knowledge comes into play in distinguishing between two types of agents.
  4. Number of Websites: You can have your home listed on many different sites. What it really comes down to, however, is if the website is getting a lot of traffic. More people see your listing on a website like LakeHomes.com as opposed to your home being listed on 10 low-traffic sites.
  5. Office Location: A buyer would much rather see a property as opposed to an office. The typical buyer is much more likely to find a property online and not need to come into an office. At the end of the day, having a physical location doesn’t really move the needle.
  6. Number of Brokerage Agents: Your listing will be put on the Multiple Listing Service (MLS). Agents within that market who have buyers interested will want to bring them to view that property. Having agents at the same brokerage doesn’t really matter when it comes down to it.
  7. Commission % Versus Net $: The biggest thing you need to know is how much you will net in cash when it comes down to selling it. 

These 7 tips can be intersectional in the way that a great agent can have them but still perform well. The thing you need to watch out for is if the agent is using these things to cover lower execution. If you’re looking for a great agent that can help you sell or buy a property, check out LakeHomes.com. There are many agents who would love to help out!

Whiteboard Topics: Is It A Good Time To Buy Or Sell A Lake Home In 2024?

Posted on Zac Parnell

Have you been pondering the idea of buying a lake home? Maybe you’re considering selling the one you currently have. You also might be thinking to yourself, is it even a good time to do either of these things? Lucky for you, Glenn Phillips, Lake Homes Realty’s CEO, discusses whether it’s the right time to buy or sell. 

  1. “Hot”… but Not Exactly: The demand for a lake home is still there. Buyers are continually on the hunt for the property they’ve been dreaming of. On the other end of things, not many transactions are taking place. However, the transaction flow is on the rise. 
  2. FOR SALE Inventory Increasing: There are plenty of properties for sale at the current time. The issue with it is phantom inventory
  3. “Phantom” Inventory: This essentially means there is a property where the seller has overpriced it. Not only is it overpriced, but the buyer can realize the property’s pricing isn’t what it should be. This leads to properties just sitting there and not having a transaction happen. When the property is set at a reasonable price, it moves through the market quickly.
  4. Seller Tip: Do Not Overprice: From a selling point of view, it is a good time to sell. The caveat to that is making sure you know how to properly price your lake home. A good way to ensure this is by contacting one of our lake experts at LakeHomes.com.
  5. Buyer Tip: Patience and Diligence: Making sure you take your time and pay attention to everything going on can help with the buying process. Don’t check in every 2 months or give up after one search. 

If you’re planning to sell, there are always buyers looking, and vice versa. The thing you have to remember is that it is dependent on what your goal is. If you’re selling, remember to not overprice your home, which can ultimately lead to making less in the long run. When it comes to buying, you have to stay on top of it and have patience; it will get you a long way.

Pet-Friendly Plants for Your Lake Home Garden

Posted on Oscar Gipson

Estimated reading time: 3 minutes

Photo Courtesy of Martha Stewart

Your lake home is your oasis—a place of relaxation, recreation, and connection with nature. But what if you share your slice of paradise with furry (or feathered) friends? Don’t worry, pet parents! You can still cultivate a beautiful garden without compromising your pet’s safety. Here’s a guide to creating a vibrant, pet-friendly haven filled with gorgeous greenery.

Blooming Beauties

Photo Courtesy of Love Your Dog
  • Petunias: These cheerful annuals come in a rainbow of colors and are non-toxic to cats and dogs. They thrive in full sun and require minimal maintenance, making them perfect for busy lake house weekends.
  • Marigolds: Not only do these bright blooms deter pesky insects, but they are also non-toxic to your furry companions. Look for dwarf varieties that thrive in containers or garden borders.
  • Snapdragons: These unique and vibrant flowers come in various shapes and sizes; luckily, they pose no threat to your pets. Enjoy their cheerful presence throughout the summer months.

Leafy Delights

Photo Courtesy of Gardener’s Path
  • Spider Plants: These easy-to-care-for beauties are non-toxic and love hanging planters, making them perfect for adding greenery to your porch or balcony.
  • Boston Ferns: Known for their elegant, cascading fronds, Boston Ferns add a touch of lushness to any space. Easy to care for and requiring low light, this fern variety makes for a perfect addition to your indoor or outdoor space.
  • Maidenhair Ferns: These delicate ferns add a touch of whimsy to your garden and are safe for cats and dogs. However, they prefer shaded areas with high humidity, so consider placing them in pots on your covered porch.

Edible and Aromatic Herbs

Photo Courtesy of Wikimedia Commons
  • Rosemary: This fragrant herb adds flavor to your culinary creations and is non-toxic to pets. Grow it in a raised bed or a pot on your deck for easy access and a delightful aroma.
  • Basil: Although a member of the mint family, unlike mint, basil is non-toxic to cats and dogs. One of the most common culinary herbs, basil is versatile and easy to grow. This herb thrives in an outdoor garden as well as indoors.
  • Thyme: This versatile herb is safe for pets and adds a delightful flavor to grilled meats and vegetables. Plant it in a sunny garden or use a hanging pot for easy access.

Remember to ensure the safety of your beloved pets by closely supervising their outdoor activities. If you’re uncertain about the potential risks of a particular plant, seek advice from your veterinarian. Keep in mind that even seemingly harmless plants can lead to digestive issues if consumed excessively. Prioritize your pet’s well-being by thoroughly researching and confirming the suitability of any plant variety before incorporating it into your pet-friendly garden.

Whiteboard Topics: 6 Ways To Protect Yourself From Lake Real Estate Scams

Posted on Zac Parnell

Anyone who has gone through the home-buying process knows it can be tricky. Just like scammers in everyday life, there are real estate scams that many people might fall victim to. Luckily, Lake Homes Realty’s CEO, Glenn Phillips, walks through 6 different ways to protect yourself from these scams. Find out some of the best strategies below or reach out to one of our lake agents at https://www.lakehomes.com/ for more guidance!

  1. Never Buy Without Title Insurance: Right now, there are people who list different properties on the market, yet they don’t even own the property. 
  2. “Check In” on your property (Including Lots!): For a large group of people, their lake home isn’t their main home. Essentially, the home is just sitting there. They realize nobody is there, especially with lots, and then somebody will try and list it.
  3. Verbally Confirm All Payment Instructions: Always plan to do this, especially if you are issuing the money. All real estate types are big targets for email hacking and phone calls. These hackers are reaching out in ways where they suggest payment should be sent to another place.
  4. Do Your Due Diligence: You need to make sure you know everything about the property. From the survey to the condition, make sure people aren’t taking advantage of you.
  5. Be Wary of Haste: If someone is hurrying you in a way that doesn’t seem genuine or feels right, double-check everything. If haste prevents you from verifying things, that is a sign.
  6. Confirm Funds Have Cleared: Make sure your funds, especially with earnest money, are clearing. Your real estate agent can usually provide help with this to ensure everything goes accordingly.

Don’t let the fear of scams hinder your real estate endeavors. Yes, real estate is more likely targeted due to the higher amount of funds, but there are precautions to be taken. Protecting your money and protecting yourself are the two things to remember when it comes to avoiding real estate scams.

What is Fly Fishing?

Posted on Oscar Gipson

Estimated reading time: 4 minutes

Photo Courtesy of Montana Angler

Fly fishing is a timeless angling technique that has captivated enthusiasts for centuries. Unlike traditional methods that rely on weighted lures to cast lines, fly fishing employs lightweight artificial flies made of feathers, fur, and synthetic materials. This unique approach requires anglers to delicately present the fly, mimicking the natural movements of insects on the water’s surface. Fly fishing is not just a sport; it’s an art form that demands patience, skill, and an understanding of aquatic ecosystems.

The Essence of Fly Fishing

Photo Courtesy of LOOP Tackle

At its core, fly fishing is about more than just the catch; it’s about immersing oneself in nature and embracing the serenity of the great outdoors. Whether wading through a pristine river or casting from the banks of a tranquil lake, fly fishing offers an unparalleled opportunity to connect with the natural world. The rhythmic motion of casting, the soothing sound of water flowing over rocks, and the anticipation of a strike create a sense of tranquility and mindfulness that is unmatched in any other outdoor pursuit.

The Craft of Fly Tying

Photo Courtesy of Old Town Canoe – Johnson Outdoors

Central to the art of fly fishing is the craft of fly tying. Fly tying is the process of creating artificial flies that imitate the appearance and behavior of natural insects and baitfish. Anglers meticulously select materials such as feathers, fur, and synthetic fibers to craft lifelike imitations that entice fish to strike. Tying is not only a practical skill but also a creative pursuit that allows anglers to experiment with different patterns and designs, customizing them to suit specific conditions and imitating the prey species that fish are feeding on.

Beyond its practical application, fly tying serves as a form of artistic expression for many anglers, who take pride in crafting intricate patterns and mastering the techniques of this ancient art. Whether tying classic patterns passed down through generations or inventing new creations inspired by nature, the tying process is a deeply rewarding aspect of the fly-fishing experience.

The Thrill of the Catch

Photo by Ljubisa Pokrajac

While the catch is undoubtedly exciting, the true thrill of fly fishing lies in the process itself. Whether casting dry flies to lure in trout on a summer evening or drifting nymphs through fast-flowing riffles, each scenario presents its own set of challenges and rewards. From reading the water and understanding fish behavior to selecting the right fly and executing the perfect cast, fly fishing offers a constant opportunity for growth and learning. It’s a sport that encourages anglers to push their boundaries, hone their skills, and embrace the joy of the chase.

Fly fishing is not just a hobby; it’s a lifestyle that fosters a deep appreciation for nature and a sense of camaraderie among fellow anglers. Whether you’re a seasoned veteran or a novice angler, this activity offers endless opportunities for adventure, discovery, and connection with the natural world. So grab your gear, head to the water, and let the magic of fly fishing take you on a journey you’ll never forget.

Whiteboard Topics: What Are 5 Common Mistakes Made By Agents At The Lake?

Posted on Zac Parnell

When it comes to real estate, mistakes will happen on occasion. Even the most seasoned agents may make a mistake. At the end of the day, it’s human nature and not something to be too upset about. Luckily, Lake Homes Realty’s CEO, Glenn Phillips, has outlined the 5 most common mistakes and how to stay clear of them.

  1. Agreeing to Overprice a Lake Home: As a seller, it is normal to want to maximize the amount you get from the home. However, this can typically cause the property to sit on the market longer and, inevitably, sell for less money. 
  2. Missing Phone Calls: Sometimes being busy can get to you or you might find yourself in an area where the cell service isn’t that good. This results in missed opportunities for the client to get to work with you and vice versa. 
  3. Only Marketing Listed Property Locally: When promoting the property locally, you’re typically going to be promoting to people who already own a lake home. Oftentimes, the ones looking are not local and can even be from out of state. Only marketing locally will result in a loss of visibility for potential out-of-state buyers.
  4. Not Thinking Long-Term: Simply worrying about the next new buyer leaves room for forgetting about your current buyers. These other buyers might just take longer to complete a transaction. While it is good to always think about new buyers, don’t forget about the long-term ones.
  5. Lacking Lake Expertise: The higher price points of lake properties are very enticing, but lacking the knowledge can backfire. Everything from water regulations to how you get to the properties, and even pricing and value. Expertise always matters.

In the future, knowing about these common mistakes can really change the game when it comes to selling lake properties. There are always ways to improve on this knowledge and even learn more when it comes to avoidable mistakes. Visiting LakeHomes.com is always a helpful tool and a great way to learn more!

Whiteboard Topics: 4 Costly Mistakes Made By Lake Home Buyers

Posted on Chris Melton

Buying a lake home is an exciting process. However, getting caught up in the excitement often leads to costly mistakes. Glen Phillips, CEO of Lake Homes Realty, discusses 4 costly mistakes made by lake home buyers.

  1. Lack of Due Diligence: Conflict between buyers and sellers often arises, even after the sale, due to a lack of information. Here are a few tips to avoid this conflict:
    • Home Inspection: Think of home inspections as an insurance expense. Homes, especially lake homes, have issues as they age. A home inspection is less expensive than finding issues after you purchase the home.
    • Survey: As property ages and people move in and out of the property, the question of who owns what gets complicated. Surveys solve this issue by clearly defining property lines and boundaries.
    • Geologic Report: If your lake home is close to water, water fluctuations might cause issues with the home. Geologic reports help determine if the property is stable.
    • Clear Title: Now more than ever, home buyers need title insurance. Title insurance guarantees that the person selling the property has legal rights to sell it. This protects you from scams by people selling property they don’t own.
    • HOA/POA Regulations: Homeowner and property owner associations determine what you can do on your property. These can change, so be sure to stay up-to-date on them.
    • Lake Regulations: Every lake has rules about how to use the lake. These rules include permitted watercraft, shoreline regulations, dock/pier construction, and more. Knowing these rules prevents surprise fines.
  2. Forgetting to Consider Maintenance: Lake home maintenance includes more than the house. If you own a waterfront house, you must also maintain your shoreline. This also includes docks or piers on your property.
  3. Failing to Research Insurance Costs: Lake homes often require additional insurance costs compared to typical property. For example, many lake homes require flood insurance.
  4. Agent is not a Lake Expert: Using a real estate agent focusing on lake property helps you save money. They ask questions that someone not familiar with lake property wouldn’t think to ask. They also know how to guide you through the process of lake real estate better than other agents.

While buying a lake home creates plenty of excitement, there’s also risk involved. Not being prepared leads to costly mistakes after the transaction. Visit lakehomes.com, where expert lake agents will guide you through the lake real estate process and help you avoid these mistakes.

Whiteboard Topics: 6 Expensive Mistakes Made by Lake Home Sellers

Posted on Chris Melton

When selling your lake home, you’ll want to avoid making certain mistakes. Glenn Phillips, CEO of Lake Homes Realty, discusses six mistakes made by lake home sellers.

  1. Failure to Truthfully Disclose: Truthfully disclosing information isn’t just a good idea; it’s the law. Failure to disclose known problems with the home leads to legal ramifications. When this happens, you not only have to fix the problems, but you also have to pay the attorneys.
  2. Overpricing: After overpricing a home, it sits on the market for a while. Then, after several price cuts, buyers make an offer lower than the cut price. These low offers lead you to miss out on money you could have made by appropriately pricing the home.
  3. Agent is not a Lake Expert: Lake homes have nuances that typical real estate doesn’t have. Automated systems and general agents often don’t factor in these nuances in pricing. These inaccurate pricings end up costing you money down the line.
  4. Picking Agent Based on Large Number of Listings: An agent with numerous listings that aren’t selling is a sign they might not be good at selling. Homes sitting on the market for extended periods lead to price cuts and ultimately less money for you.
  5. Refusing to Counter an Offer: A low offer is better than no offer. Countering allows you to explain why you’ve listed the house at the listing price and opens a conversation. Refusing to counteroffer will oftentimes end a sale before it even happens.
  6. Selling in 1 Day or 1 Weekend: Buyers for lake properties typically aren’t local. They can be 2 hours away or several states away. Looking at several offers before selling allows you to maximize your potential earnings.

If you’re looking to sell your lake home, you’ll want to avoid these costly mistakes. Not being diligent in the selling process leads to money left on the table as well as additional costs. Visit lakehomes.com, where you can find expert lake agents who will help you through the selling process.

Whiteboard Topics: Lake Home Buyers Need to Understand Speculative Sellers

Posted on Chris Melton

When looking to buy a lake home, buyers need to understand speculative sellers. Glenn Phillips, CEO of Lake Homes Realty, explains what speculative sellers are and why buyers should understand them.

  1. Two Types of Sellers: Understanding the differences between the two types of sellers affects how you negotiate pricing.
    • Motivated: Motivated sellers usually have a sense of timing. This means life circumstances push them to sell their house on time. For instance, this could be a change in family size, a new job, or some other life event.
    • Speculative: Speculative sellers appear more in discretionary property markets, such as lake homes. They aren’t motivated by their life circumstances. Instead, they test the market, aiming for a certain price.
  2. Speculative Sellers:
    • Overprice: Speculative sellers usually price above market trends. Because of this, the home stays on the market for extended periods of time. For example, this could be from 2-3 weeks to several months.
    • Lack Urgency: Oftentimes, speculative sellers set a listing price just to see what happens. This can make them unmotivated and slow to respond.
    • May Lack Market Understanding: Sometimes, the seller doesn’t know they’re being speculative. They may price their house at what similar houses sold for in the past without looking at current trends.
    • Emotionally Driven: Speculative sellers may not be all-in on selling their home. Additionally, they sometimes have attachments to aspects of the house that buyers don’t care about. The seller also attaches memories and emotions to the house the buyer doesn’t have.
    • Frustrated by “Low” Offers: After the home sits on the market for some time, sellers become impatient. This leads to frustration from “low” offers. These offers may even be appropriately priced for the market, but the seller expects a high price.

Engaging with speculative sellers as a buyer requires understanding. Keeping these tips in mind helps move the process along. Being patient, as well as providing market data to support your offers, may even help them understand your thinking. Be sure to visit lakehomes.com, where you can find agents who will help you understand speculative sellers.