Tag: lake real estate advice

Whiteboard Topics: 4 Reasons To Sell A Lake Home This Winter

Posted on Kamari House
Contrary to popular belief, selling your lake home this winter is a great financial move. Lake Homes Realty’s CEO, Glenn S. Phillips, shares why you need to sell before this winter is over.
 
  1. Market Strength (For Now): The market is still at a peak, but this trend could slow down in the coming future. This may be the best time to get the best return on your home.
  2. Buyers are NOT Seasonal: Serious buyers are looking for properties all year-round. Leaving your home from the market during the winter will make it stand out.
  3. Relocation Patterns: There has been an increase in buyers moving from their home states. These buyers are eager to leave now, but this may not last in the coming years.
  4. Coming Interest Rate Changes: Increasing interest rates will inevitably slow down the housing market, so it’s essential to sell your home before buyers get scared away.
Take advantage of the strong housing market this winter before it shifts in the opposite direction. There is no telling exactly when the market will slow down, so you need to be ahead of it!

Whiteboard Topics: 4 Reasons Your Agent Should Not Have A Local Office

Posted on Kamari House
Having a home office isn’t as big of an advantage for real estate agents as it once was. Lake Homes Realty’s CEO, Glenn Phillip, explains why your potential agent should not have an office.
  1. Office Cost vs. Service Capabilities: Money is being invested in an office space, and not reinvested in efforts to help agents buy/sell a home.
  2. Reasons Change: Before the digital age, offices were necessary for running the business. Now, all important documents/information can be stored on computers, phones, etc.
  3. Lake Home Buyers are Rarely Local: Potential buyers are not limited to the local community. Most of the time they will come from all across the nation.
  4. Value of Time: Stopping by the office before touring homes can feel like an unnecessary detour, especially for out-of-town buyers.
Having an office is outdated for a real estate agent. Having one takes investment efforts away from buying/ selling homes and can become a waste of time!

Whiteboard Topics: 4 Killer Fails in Hiring a Lake Real Estate Agent

Posted on Kamari House
Hiring a real estate agent can be tricky when you don’t know what to look out for. Lake Homes Realty’s CEO, Glenn Phillips, gives four mistakes to look out for when hiring an agent!
  1. Generalist: It’s imperative to look for a specialist when hiring a real estate agent because a generalist may or may not understand the nuances of buying/selling lake homes.
  2. Friendship First: Friendships are important but you must remember that when purchasing a lake home, it’s about business. Again, a specialist would be more beneficial to you.
  3. Family First: We always want to help our family when we can but if they are not experienced enough in lake real estate, it can hurt you in the long run.
  4. Only Thinking Local: There are potential buyers across the nation, not just in local areas. An agent who only focuses on the surrounding area will hinder your opportunities.
Choosing the right real estate agent should be one of the first things on your list when buying or selling your lake home. Remember, this is a business and making the best decision for you, despite the circumstances, is the most important thing!

Whiteboard Topics: 5 Keys to the Fall Lake Home Market

Posted on Linda Thach

The incoming fall season inspires change in the current lake homes market. Lake Homes Realty’s CEO, Glenn Phillips, gives five keys to follow in order to keep up with this fall lake homes real estate market!

  1. Price Growth Peaking: The acceleration in price growth is finally coming to a plateau now that the summer rush is over.
  2. Mortgage Rates MIGHT Matter: Mortgage rates could be a hedge against inflation. Paying off a mortgage with a lower interest rate than inflation rate may be an option.
  3. Inventory to Remain Low: Inventory will most likely remain in low supply, meaning there still won’t be many homes coming to the market.
  4. “Less” Competition: The competitive edge of today’s market will begin to subside, especially because people are losing the extra time they gained in the midst of Covid.
  5. Long Distance Buyers Remain: These buyers should be taken into account when selling, and it’s important to have an agent who can tap into this pool of buyers.

The change in season doesn’t stop the lake homes real estate market, but it does have an effect on it! It’s crucial to stay on top of this shifting market, whether you’re buying or selling a lake home. 

Whiteboard Topics: 3 Reasons Why Fall and Winter Are a Great Time to Buy a Lake Home

Posted on Kamari House

Now that fall is officially here and winter is approaching,  Lake Homes Realty’s CEO, Glenn Phillips, explains why now is the best time to purchase your dream lake home!

1. Summer Enthusiasm Has Faded: Now that summer has ended, the initial wave of enthusiasm has worn off. This will prompt more homeowners to list their lake homes.

2. Winter Water Levels: You’ll get insight into the water levels of the lake during the fall and winter seasons. Seeing it firsthand can make all the difference.

3. What is Open Year-Round: You can see how active this lake is during the fall/winter seasons. Are shops and restaurants still open? Are events still happening?

Although the fall/winter is typically considered the ‘off-season’ for lake homes, it may be the perfect time to buy one. Visualizing your dream lake home setting in every season can help you make the right purchase!

Whiteboard Topics: 5 Surprising Reasons Some Real Estate Agents Discount Commission

Posted on Kamari House
If something sounds too good to be true, there’s usually a reason behind it. This week, Lake Homes Realty’s CEO, Glenn Phillips, breaks down 5 shocking reasons real estate agents discount their commission!
  1. Relying on the Market: The current market is hot, so the agent will rely on it to sell your lake home instead of their services.
  2. Reduced Effort:  Sometimes, agents will stop putting in as much effort as before. This is also because of the hot real estate market.
  3. Buyer Bait: Some agents will use your listed lake home as bait to draw in potential buyers to build upon their clientele.
  4. Planning to Double-Side: The listing agent has plans to represent both the seller and buyer during the transaction. These deals don’t typically end in the seller’s favor.
  5. Starvation: There are more licensed real estate agents than homes to sell. This can cause agents to discount their commission in hopes of making a sale at all.
Before listing your lake home with an agent, be sure their intentions are geared in your favor! A discount in commission isn’t worth subpar service in this hot real estate market.

Whiteboard Topics: 3 Advantages Sellers Get From Hiring a Lake Homes Real Estate Agent

Posted on Linda Thach

Lake Homes Realty’s CEO, Glenn Phillips, gives 3 of the advantages of hiring one of our Lake Homes Realty agents to sell your lake home!

1. National Market Reach: The Lake Homes website is visited by millions of people nationally, which increases your potential buyer pool.

2. Featured on LakeHomes.com: When listed by one of our sellers, your lake home will be one of the first options shown to our site visitors who are interested in your lake.

3. Full Pipeline of Buyers: Buyers tend to take up to two years before purchasing a lake home. With our buyer management technology, our agents are able to stay in touch with all of them.

When selling your lake home, you want to ensure your property will sell in this hot real estate market. The best way to do that is hiring a Lake Homes Realty agent, because of their skill and access to our resources!

Whiteboard Topics: Buying a Lake Home? Do Your Homework First!

Posted on Linda Thach
Lake Homes Realty’s CEO, Glenn Phillips, gives 5 need-to-know tips before purchasing your first lake home. These tips will help you save money and help you understand what to expect when living on specific lakes!
 
1. Shoreline Requirements: These requirements vary by lake areas which can, in turn, determine certain limitations such as what you can build, removal of vegetation, etc.
 
2. Dock Requirements: Some lakes have specific requirements concerning the addition/alteration of docks to your lake home, so do not assume anything goes.
 
3. Water Level: Understand how the water levels change on your lake because it can determine the height of your dock, the time of year/day you fish, etc.
 
4. Water Quality: Knowing the quality of lake water, clarity, for example, can give you clear expectations of how it’ll appear year-round.
 
5. Lifestyle: Determine the type of lifestyle you’d like to live on the lake, whether quiet or active, as it will help you decide which lake and where on the lake to buy property.
 
Doing your homework before purchasing your dream lake home is essential! It’s better to understand what to expect before making such a big commitment.

Whiteboard Topics: 4 Reasons Why Inflation Matters to Lake Home Real Estate

Posted on Linda Thach
Lake Homes Realty’s CEO, Glenn Philips, explains why inflation has such a big impact on real estate as a whole, and why you need to understand how it affects lake real estate if you’re interested in purchasing/selling a lake home.
  1. Mortgage Interest Rates: The combination of low mortgage interest rates and a steady increase of inflation may affect buyers who typically pay cash for lake homes
  2. Stock $ Impact: Lake home owners are usually also investors, and depending on how inflation is affecting stock value, this could influence whether they keep or sell their homes.
  3. Influence of Headlines: The buzz generated from worlds like inflation can have an impact on how potential lake home buyers/sellers participate in the real estate market.
  4. Investment Value: Real estate is usually a good way to hold investments, so purchasing lake homes as your second home is a viable option.
Knowing how big of an influence inflation can have on lake real estate will help you navigate this market when buying your dream lake home!