If you’ve decided to sell your lake home, it’s important to understand what buyers do and don’t care about. Thinking like a buyer can help you sell your home quicker. Glenn Phillips, CEO of Lake Homes Realty, discusses five things buyers don’t care about, but many sellers think they do.
What Seller Paid: While the pricing history can be important, buyers don’t care what you paid for the house. Buyers are concerned with the current market, not about how much you need to get from your house.
Listed Price of Nearby Homes for Sale: The listing price of nearby houses doesn’t reflect their value. Many of those houses may be overpriced, especially if they’ve been on the market for a while. Buyers are more concerned with what the house is worth than the listing prices of nearby homes.
Seller’s Personal Effort: Patios, decks, and other features of the house can add value for some buyers. Oftentimes, sellers have emotional attachments to these features; however, buyers don’t always feel the same way. Buyers may want to remove those add-ons and see them only as an additional cost.
Outlier Sales at High Prices: Just because a nearby house sold for an irregularly high price doesn’t mean yours will too. Buyers understand the trend in prices of the pool of houses in the market, and most won’t pay that irregular price. Outliers generally aren’t repeatable, and buyers will buy at market price.
Taking Low Offers Personally: Buyers don’t make offers to offend you. Additionally, a low offer is still better than no offer. Not responding to low offers can cut off potentially interested buyers by leaving negotiation off the table.
As a seller or someone who’s thinking of selling your lake home, it’s important to think like the buyer. Considering what the buyer is looking for can help you sell your home quicker and maximize your potential profit. Visit lakehomes.com, where you can find agents who will help you navigate the home-selling process and who understand buyer’s wants and needs.
With the new year, many people are wondering how the prices for lake homes will change in 2024. The short answer is that they’ll stay about the same in most markets, only slightly increasing in some markets. Glenn Philips, CEO of Lake Homes Realty, explains how years of data on the lake home market back this up.
Limited (but improving) Inventory: 2022 brought historic lows in the lake home market. Even though the inventory has been growing since, it is still low when compared to nothing. Buyers still outnumber sellers, but the buying frenzy has passed. Additionally, informed buyers won’t bite on the trend of “phantom inventory,” or sellers who think they can still sell at peak prices.
Mortgage Rates (Not Really): Mortgage rates don’t play a big factor in lake real estate. Over half of the buyers in this market pay with cash. Even if they don’t pay with cash, they can afford the splurge of the extra interest rate.
Interested KNOWLEDEABLE Buyers: Buyers today are more informed than at any other time in history. This means that they won’t be tricked into paying unreasonable prices. Buyers who are interested and willing to wait until the right price shows up will move quickly to purchase it. This causes a backlog to form, with buyers waiting for sellers to bring down their prices to reasonable levels.
Global Unrest: Global unrest tends to increase interest in discretionary property. People want lake homes to escape the problems of the world. It happened during the COVID-19 pandemic, as people rushed to buy lake homes to escape and distance themselves.
As 2024 rolls in, expect to see steady prices in most markets for lake homes. There won’t be many major shakeups, such as a big explosion or crash. There might be slight increases in some markets, but prices will stay consistent across the board. Be sure to visit us at lakehomes.com, where you can find agents that are experts in lake property.
A new lake real estate report from the country’s largest lake-focused brokerage show listing prices in Texas are up over summer 2022. The new Lake Real Estate Market Report from Lake Homes Realty shows Texas’s total market at $8.27 billion, up from $4.31 billion in the summer of 2022. Lake Homes Realty operates in 34 states across the country.
The new quarterly lake real estate report from Lakehomes.com shows Lewisville Lake to be the second-largest market in the state of Texas. The specialized website just showcases properties that are lakefront, have a lake view or lake access so that agents can help clients from across the country search for dream lake properties. As of August 8, 2023, Lewisville Lake has 1,013 lake area properties listed, ranging from a $20,000 lot to a $6.95 million lake home. Over 100 of the properties were listed for over $1 million.
The average home price for listings around Grapevine Lake is $1.5 million, according to the Lake Market Real Estate Report. The average lot price is $1.3 million for the 27 lake area lots currently listed. This comes in likely due to a $23 million property covering 13 acres.
Boating is extremely popular on Lewisville Lake, as are its related activities, waterskiing, tubing, and wakeboarding. With 29,000 acres of pristine water, it is one of the largest lakes in northern Texas. Lewisville Lake appeals to lake home searchers from across the country. Among the hundreds of people searching the lake homes and lots in Texas in May 2023, the top Metro area looking on LakeHomes.com was Chicago, followed by Oklahoma City and Minneapolis. One in 37 American adults look at LakeHomes.com each year.
“We believe our agents’ intimate knowledge about their lake real estate markets, nuances of the lakes themselves, and their involvement in local lake life is paramount to our continued growth,” said Glenn S. Phillips, CEO and Chief Economic Analyst for Lake Homes “Which is why we’re happy to welcome Loretta Fadeley as a buyer’s agent in Texas. Loretta offers outstanding customer service in the Lewisville Lake and Grapevine Lake areas and is truly a specialist in that area,” he said.
About Loretta Fadeley
Particularly with her children, Loretta Fadeley has a lot of happy memories of Grapevine Lake. During their childhood, Loretta’s kids spent every weekend at the lake. They would go trekking, reading, skipping rocks, and swimming all day. With the goal for other families to have the same memories, Loretta is now selling on Grapevine Lake.
Loretta worked as a barista and roof inspector for ten years, so she is accustomed to helping customers and enjoys it. She takes delight in making sure her clients receive excellent treatment and receive what they paid for.
Loretta’s 14 years of living close to Grapevine Lake have contributed to her skills. But Loretta’s actual expertise on lakes comes from her grasp of what her clients require in their desired location. Whether living on the ocean or in a suburban location close to it, she understands and can relate to every need.
Kye, Loretta’s spouse, works as an agent with Lake Homes Realty. She has a daughter, a son, and a stepson. They all enjoy laughing, cooking, and creating memories in the kitchen.
Arkansas-based agent Holly Ming has moved her real estate license to Lake Homes Realty – the nation’s largest lake-focused real estate company.
With the brokerage, Ming will specialize in lake homes and land on and around Lake Norrell, Coronado Lake, Cortez Lake, Lake Desoto, Beaver Fork, Willow Beach, and Lakewood Lake.
Arkansas-based agent Holly Ming has moved her real estate license to Lake Homes Realty – the nation’s largest lake-focused real estate company.
With the brokerage, Ming will specialize in lake homes and land on and around Lake Norrell, Coronado Lake, Cortez Lake, Lake Desoto, Beaver Fork, Willow Beach, and Lakewood Lake.
About Holly Ming
Although Ming grew up among beaches in Southern California, she was drawn back to The Natural State as a teenager by her vivid recollections of lakes in Arkansas. Ming has spent more than 17 years living close to Lake Norrell with her family. Any kind of life by the water, in her opinion, is wonderful.
Ming remembers a great deal of things related to the water. She has hiked, fished, and/or tented at practically every lake in Arkansas! She has fond memories of going fishing at Spillway Dam with her father. Her husband’s proposal on Lake Norrell is also among her fondest memories!
Ming places the highest value on his interactions with clients. Ming is a people person with invaluable sales management expertise! “I love to see the smile on people’s faces when they find that perfect ‘something.’ I still look for those smiles and intuitively know when a buyer finds their home.”
Here are some of the top urban lakes in America that are perfect for city-goers:
Lake Washington – Seattle, WA
Lake Austin – Austin, Texas
Lake Pontchartrain – New Orleans, LA
Lake Erie – Cleveland, OH; Buffalo, NY; Detroit, MI
Fort Loudoun Lake – Knoxville, TN
Lakes offer the perfect place to escape life’s hustle and bustle. However, sometimes, people like to have the best of both worlds. That’s what urban lakes are for. An urban lake is an inland body of surface water surrounded by an urban environment and larger than a pond. Not only do they add to the aesthetic value of a region, but they also feature a lot of functionality by increasing biodiversity and providing local recreation.
Lake Washington is the second-largest natural lake in the state of Washington, covering almost 22,000 acres. This leaves plenty of room for boating and fishing. For those seeking a bit of exercise, visit the Burke-Gilman Trail. It stretches 20 miles from Shilshole Bay to the city of Bothell.
Lake Washington is east of Seattle, where there is plenty to do and see when you need a break from the water. The most notable attraction is the Space Needle, a 605-foot-tall landmark with an observation deck boasting some of the city’s best views. If you’re scared of heights, try checking out the Seattle Center Monorail, the Museum of Pop Culture, or the Seattle Aquarium. Regardless of what you like to do in the city, Lake Washington is always there for a leisurely afternoon.
Lake Austin comprises nearly 2,000 acres, and its banks are mostly privately owned. This limits bank fishing, but you can find access at four points and two public boat ramps. Since Lake Austin allows motorized boats, it has become a popular place to rent one for the day. Pontoons are the most popular, and you’ll often see boaters tubing or waterskiing behind.
As you can tell by the name, the lake is northwest of Austin, Texas. Located in the state’s capital, it offers so much for residents to do. There are a lot of museums, parks, and tourist sites, but there are also many local places to visit. Try local coffee at Mozart’s Coffee Roasters or barbeque cuisine at The County Line. Tourist or not, Lake Austin welcomes you with all its nearby amenities.
The legendary city of New Orleans is a never-ending party! All of the rumors are true. You can listen to some jazz at the House of Blues, grab a cocktail at Arnaud’s French 75 Bar, or take a stroll down the famous Bourbon Street if you’re more adventurous. What the rumors don’t mention is that the infamous area also features family-friendly activities like eating a snack at the French Market, taking a trolley ride, or having a picnic in Audubon Park. Whether you party it up or take it slow, Lake Pontchartrain is close for a nice and easy boat ride.
Lake Pontchartrain has a misleading name, as it’s actually an estuary. Lake Pontchartrain spans 403,000 acres and is more than 40 miles wide. It is home to abundant wildlife and provides a significant source of the region’s economic development. Residents and visitors can boat, fish, swim, waterski, or relax near the shore and watch a beautiful Louisiana sunset.
Lake Erie – Buffalo, New York; Cleveland, Ohio; Detroit, Michigan
Lake Erie is the fourth largest Great Lake and the thirteenth largest lake in the world, covering more than six million acres. It touches four states and two countries, America and Canada. It is shallow, making it the warmest of the Great Lakes and perfect for swimming in the right season.
Lake Erie is connected to three urban cities: Buffalo, New York; Cleveland, Ohio; and Detroit, Michigan. This means there are endless options for city-goers near the water and in the heart of the city. Buffalo is an excellent place for history lovers. Visit Theodore Roosevelt’s Inaugural Site, the Buffalo History Museum, or the Buffalo City Hall Observation Deck.
If you’re an on-the-go person, Cleveland might be the perfect city for you. It offers nights at the Cleveland Orchestra, days at the Cedar Point Amusement Park, and weekends at a Cleveland Browns game. Then there’s Detroit, which provides the best of both worlds! You can visit the Henry Ford Museum of American Innovation, see a game at Ford Field, or take the kids to the LEGOLAND Discovery Center. No matter what city you reside in, the mighty Lake Erie is there for some much-needed getaway time.
Fort Loudoun Lake is swarming with activities. It is nestled right outside Knoxville, Tennessee, and features 14,600 acres of water for recreational fun. Fort Loudoun is part of the Upper Tennessee River and is best known by anglers as the perfect place to catch bass or catfish.
Knoxville is likely most well-known for being the home of the University of Tennessee. As a powerhouse in the Southeastern Conference, UT hosts fabulous game days. Tailgaters have a unique tradition of pregaming from their boats in the Tennessee River, connected to Fort Loudoun. Football fan or not, Knoxville has plenty to offer, and with Fort Loudoun Lake so close, it’s a superb blend of urban and lake life.
Urban lakes are a utopia of combining the idyllic water with the rush of city life. City-goers will love having the option of relaxation without compromising the culture that comes with a big city. Regardless of what region of the nation you’re in, you can find an urban lake near you to have the best of both worlds.
Boating and fishing are popular choices, given the lake’s vast size of almost 22,000 acres. For those seeking some exercise, the Burke-Gilman Trail is a 20-mile trail leading from Shilshole Bay to Bothell.
Lake Pontchartrain, though named a lake, is actually an estuary spanning 403,000 acres and over 40 miles wide. It is a significant source of economic development for the region and is home to diverse wildlife. Visitors and residents can enjoy various activities such as boating, fishing, swimming, waterskiing, or simply relaxing by the shore to admire the stunning Louisiana sunsets.
Lake Erie is the fourth largest of the Great Lakes and is known for being the warmest due to its shallowness. This warmth makes it an excellent spot for swimming during the right season. Lake Erie connects three urban cities: Buffalo in New York, Cleveland in Ohio, and Detroit in Michigan. Each city offers a unique blend of attractions and activities.
Fort Loudoun Lake, located just outside of Knoxville, Tennessee, covers 14,600 acres of water, offering a plethora of recreational activities. Anglers particularly love this lake as it is renowned for its abundance of bass and catfish, making it a prime spot for fishing enthusiasts. Additionally, Fort Loudoun is part of the Upper Tennessee River, and its proximity to Knoxville makes it an ideal location for boat-based tailgating during University of Tennessee football game days.
A new lake real estate report from the country’s largest lake-focused brokerage shows listing prices in Tennessee are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Tennessee’s total market at $2.3 billion, up from $1.8 billion in the summer of 2022,” said Heather Boldizsar, a new agent with Lake Homes Realty, who focuses on Tims Ford Lake in Tennessee. Lake Homes Realty operates in 34 states across the country.
“The new quarterly lake real estate report from Lakehomes.com shows Tims Ford Lake to be the seventh largest market in the state of Tennessee,” said Boldizsar. “The specialized website just showcases properties that are lakefront, have a lake view, or have lake access, so we can help clients from across the country search for dream lake properties.” As of August 9, 2023, Tims Ford Lake has 278 lake area properties listed, ranging from a $25,000 lot to a $5.4 million lake home. “Twenty-nine of the properties were listed for over $1 million,” said Boldizsar.
The average home price for listings around Tims Ford Lake is $687,068, according to the Lake Market Real Estate Report. The average lot price is $220,273 for the 97 lake area lots currently listed.
“Tims Ford Lake is located in Franklin County, Tennessee. It has a shoreline of almost 250 miles and occupies an area of 7,745 acres,” said Boldizsar. “With almost 7,800 acres of pristine water, it is a great place to come and fish, canoe, or take a slow boat ride. Tims Ford Lake appeals to lake home seekers from across the country. Among the hundreds of people searching for lake homes and lots in Tennessee in May 2023, the top metro area looking on LakeHomes.com was Chicago, followed by Atlanta, Georgia, Washington, D.C., Nashville, Tennessee, and Huntsville, Alabama,” said Boldizsar. “The national reach offered by LakeHomes.com works really well with my local expertise along Tims Ford Lake and the surrounding area,” said Boldizsar. One in 37 American adults looks at LakeHomes.com each year.
“We believe our agents’ intimate knowledge about their lake real estate markets, nuances of the lakes themselves, and their involvement in local lake life is paramount to our continued growth,” said Glenn S. Phillips, CEO and Chief Economic Analyst for Lake Homes “Heather offers outstanding customer service in the Tims Ford Lake areas and is truly a specialist in that area,” he said.
About Heather Boldizar
Heather Boldizsar‘s affinity for lakes began in her childhood, when she lived just a stone’s throw away from one. Today, she resides right by the serene shores of Tim’s Ford Lake, where she dedicates herself to assisting others in realizing their dreams of owning lakefront properties.
With more than nine years of boating experience on Tim’s Ford Lake, Heather possesses an intimate familiarity with the lake’s intricacies. Her firsthand experience in securing TVA dock permits, understanding shoreline setbacks, and mastering the unique details of Tim’s Ford equips her to guide her clients comprehensively through the process of selecting the perfect lake property.
Having previously worked as a medical device representative, Heather has shifted her focus to a new aspiration: helping other families achieve their goal of owning lakefront properties. “Lake homes bring so much joy to a family, and being a part of that milestone is truly an honor,” Heather says.
A new lake real estate report from the country’s largest lake-focused brokerage show listing prices in Oklahoma are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Oklahoma’s total market at $786 million, up from $592 million in the summer of 2022,” said Kim Hoog, a new agent with Lake Homes Realty, who focuses on Tenkiller Lake in Oklahoma. Lake Homes Realty operates in 34 states across the country.
“The new quarterly lake real estate report from Lakehomes.com shows Tenkiller Lake to be the ninth largest market in the state of Oklahoma,” said Hoog. “The specialized website just showcases properties that are lakefront, have a lake view or lake access so we can help clients from across the country search for dream lake properties.” As of July 3, 2023, Tenkiller Lake has 118 lake area properties listed, ranging from a $5,000 lot to a $659,000 lake home.
The average home price for listings around Tenkiller Lake is $285,128, according to the Lake Market Real Estate Report. The average lot price is $76,959 for the 76 lake area lots currently listed.
“Boating is extremely popular on Tenkiller Lake, as are its related activities, waterskiing, tubing, and wakeboarding,” said Hoog. “With almost 13,000 acres of pristine water, it ventures into the foothills of the Ozark Mountains. Tenkiller Lake appeals to lake home searchers from across the country. Among the hundreds of people searching the lake homes and lots in Oklahoma in May 2023, the top Metro area looking on LakeHomes.com was Dallas, Texas, followed by Wichita, Kansas, and Chicago,” said Hoog. “ The national reach offered by LakeHomes.com works really well with my local expertise along Tenkiller Lake and the surrounding area,” said Hoog. One in 37 American adults look at LakeHomes.com each year.
“We believe our agents’ intimate knowledge about their lake real estate markets, nuances of the lakes themselves, and their involvement in local lake life is paramount to our continued growth,” said Glenn S. Phillips, CEO and Chief Economic Analyst for Lake Homes “Kim offers outstanding customer service in the Tenkiller Lake areas and is truly a specialist in that area,” he said.
About Kim Hoog
Kim Hoog is currently living her dream by selling properties on the lake where she spent her childhood. A resident of Gore, Oklahoma, for nearly three decades, she proudly calls it her home. Kim is deeply engaged in the community, having raised her children there, and her strong ties and experiences make her a true expert on Tenkiller Lake.
Having previously worked as a contractor for the U.S. Department of Energy, Kim has transitioned her dedication to real estate. With thirty years of living near the lake, she possesses an intimate knowledge of the area. Kim wholeheartedly believes that Tenkiller Lake is one of Oklahoma’s most pristine gems, and she eagerly anticipates every opportunity to showcase its beauty.
“My number one passion is helping others, which is initially what attracted me the most to real estate,” Kim says. “I enjoy the relationships I get to cultivate with my clients. I love meeting new people and helping them along their journey to finding a new home.”
If you’re seeking an authentic autumn experience, a fall foliage boat cruise is one of the most exhilarating ways to take in the breathtaking bejeweled landscape. After all, lakes and rivers are Mother Nature’s mirrors, and the reflections of the colorful foliage on the water’s surface amplify the beauty and tranquility that comes with the season. Additionally, many of the lakes and rivers featuring boat cruises are renowned for their charming communities, local cultural flavors, and outdoor recreational opportunities, all of which are especially appealing when the first nip of fall is in the air.
For a quick list of some of the top leaf-peeping regions, check out these fall foliage boat cruises and river cruise destinations. Many of these locales offer various boat cruises, so be sure to check your area for updated options and schedules to help you plan your fall foliage adventures on the water.
Spectacular Lake Winnipesaukee, New Hampshire’s largest lake, transforms into a brilliant scenic spectacle in the fall. Savor an afternoon boat cruise across these colorful lake waters to take in the area’s charming islands, wooded landscapes, and vibrant homes dotting the shoreline. An idyllic lake voyage offers an intimate and enchanting encounter with fall foliage like no other.
One such cruise offered by Champlain Tours will take you on an extraordinary journey to witness the very best of Lake Winnipesaukee’s stunning autumn beauty. The itinerary includes luxurious motor coach transportation from Northern Vermont to Weirs Beach in Laconia, NH, where you will board the Motor Ship Mount Washington. Additionally, you will enjoy a buffet lunch onboard before landing at America’s oldest summer resort in Wolfeboro, New Hampshire. Guests will have time to disembark and experience this quaint setting before heading back home. For other tour options, visit Lake Winnipesaukee Boat Tours.
If you’ve ever dreamed of exploring the territory that was once Mark Twain’s muse, then a Mississippi River cruise gives you a perfect opportunity. The grand river’s upper reaches stretch north into a scenic countryside that is still as vibrantly untamed as it was during the writer’s lifetime. Today, the mighty Mississippi still flows vigorously with rivercraft, offering stunning adventures for those who embark on these historic waters.
Passengers can take in all the scenic beauty of the landscapes and quaint small towns dotting the river bends from the Deep South to the Midwest. American Queen Voyages offers an array of cruising options, including a luxurious nine-day sojourn through the Upper Mississippi. The itinerary features Mark Twain’s beloved Hannibal, Missouri, and winds all the way up to Red Wing, Minnesota, one of National Geographic’s most historic places. Visit American Queen Voyages for cruise destinations, dates, and booking information.
Nestled between New York and Vermont, the gorgeous Lake Champlain is renowned for its vibrant fall foliage and picturesque landscapes. A cruise on these majestic waters offers passengers awe-inspiring views of the Green Mountains and the Adirondacks, all ablaze with stunning autumn colors.
Visit Spirit of Ethan Allen to book one of their excellent tours, from scenic narrated cruises and lunch on the lake cruises to breathtaking sunset and dinner cruises.
Hudson River, NY
Free Bear Mountain State Park, New York, USA image, public domain CC0 photo.
Glide across the Hudson River while enjoying the vibrant fall scenery against a backdrop of rolling hills, quaint towns, charming lighthouses, and iconic landmarks. This Classic Harbor Line‘s NYC Fall Foliage Cruise takes you north up the river during a 2.5-hour journey aboard the luxury yacht Manhattan.
Breathe in the crisp autumn air as you drift past the George Washington Bridge, the Cloisters, the Palisades, the Little Red Light House, and the Tappan Zee Bridge.
Relax and sip on a soothing hot beverage as you take in this extraordinary and majestic seasonal cruise. For a 3.5-hour journey, you can hop aboard Classic Harbor Line’s Schooner Adirondack and enjoy a Grand Palisades Fall Foliage Sail. When it comes to rich fall foliage, the Hudson River’s brilliant display rivals that of the New England region, offering a breathtaking experience to both native New Yorkers and visitors alike.
Discover the sublime beauty of Lake Superior from Pictured Rocks National Lakeshore, nestled along Michigan’s Upper Peninsula. Pictured Rocks Cruises offers a menu of three different tours that allow guests an intimate view of East Channel Lighthouse on Grand Island, Miners Castle, Lovers Leap, and other impressive landmarks. In addition, the Pictured Rocks Park area boasts beautiful natural dunes, beaches, stunning waterfalls, sea caves, and remarkable sandstone cliffs with spectacular mineral stain formations along the rock face. Incredibly vibrant in autumn, the crystal-clear waters of Lake Superior offer a pristine backdrop for its forested shoreline rich with jewel-tone hues.
Located in northwest Montana, Flathead Lake is surrounded by the majestic Rocky Mountains and offers stunning vistas of fall foliage against the backdrop of snow-capped peaks. Flathead Lake Boat Tours offers various excursions to suit every taste, from Morning and Evening Tours to a scenic Bay Cruise that features photograph-worthy views of the lake, surrounding bays, and Narrow Islands. Each extraordinary cruise takes you through serene waters, providing a peaceful and picturesque journey. Along the way, tour guides will give a fascinating history of the area and the ecological environment. So, prepare for an unforgettable journey where you can reconnect with Mother Nature’s vast beauty.
From the water to the mountains, Coeur d’Alene Lake is stunning in any season—especially in fall. The autumnal lake palette presents incredible hues, from vivid golds and reds to sage green and steel blue. With the season’s arrival, the sunsets illuminate the lake with magical glowing orange and purple displays.
So, now is the time to partake in an exhilarating boat cruise across the sparkling waters of Northwest Lake Coeur d’Alene. Offering daily adventures, Lake Coeur D’Alene Cruises boasts climate-controlled boats featuring double decks for sightseeing, indoor and outdoor options, experienced captains, and hospitable crews. Enjoy an intriguing mix of local history, scenery, and wildlife that delivers an unforgettable experience. From all of us at Lake Homes Realty, happy leaf peeping on the colorful autumn waters—and cheers to the lake life!
If you’re thinking of selling your lake home, you’ll have to broaden your marketing. Glenn Phillips, CEO of Lake Homes Realty, gives reasons to market to a broader audience.
Out-of-State Buyers: Agents who have had the most success selling lake homes are the ones who market to out-of-state buyers. When choosing an agent, consider if they will be able to tell you how many buyers in other states are shopping your lake. With more realistic buyers, you have better opportunities for more return on investment when you sell.
Specific Lake Might Not Matter: While some buyers may be committed to one lake, there are many who look at several lakes in multiple states when buying a lake home. This should affect where you are marketing and how you are pricing houses. You should price competitively for multiple markets, not just your own.
Local Marketing = Limited Marketing: Most buyers come from the web, so you should have a broad market reach. Putting out signs and listing in a local MLS are beneficial to a point, but limit your pool of buyers.
Web Portals Are Crowded: Big web portals that list many types of property are crowded with people looking for all types of houses, not just lake houses. This causes buyers who want to specifically look for lake homes to sift through the other types of property. Listing on a niche website that specializes in lake property puts you ahead of the listings on big web portals.
Agents and sellers must think broadly when selling lake property. Utilizing these strategies, sellers can maximize their return on investment with their lake home. Connect with an agent at lakehomes.com if you’re looking to sell your lake home to a broad market.
