Tag: lake real estate advice

Whiteboard Topics: How to Price Your Lake House

Posted on Camille Smith

When it comes time to sell your lake home, how do you price it appropriately?

Glenn S. Phillips, Lake Homes Realty’s CEO, answers this question in today’s Whiteboard Wednesday video.

To get the most money you can for your property, Glenn recommends asking yourself four questions:

  1. Are you thinking about the current market value rather than the amount you invested?
  2. Is your home priced to be THE best value in your area?
  3. Is your house picture-perfect and move-in ready? 
  4. Would you buy it at that price?

Ultimately, if your lake home isn’t priced appropriately for the current market, it will “sit rather than sell.”

Connect with a Lake Homes agent to help find the best price for your home, and sell it soon! 

Whiteboard Topics: Three Questions to Ask Your Real Estate Agent

Posted on Camille Smith

Lake Homes Realty CEO, Glenn S. Phillips, reveals two unspoken real estate secrets–  not all real estate agents are equally skilled, and many use the same formula when listing a home. With a special property like a lake house, how do you determine which agents can successfully sell your home?

Glenn recommends interviewing potential agents and asking three questions: What else will you do to sell my home? Who do you know? and Can you name 15 areas where people are shopping at my lake? The best lake home agents will feature your property on highly-targeted websites, have connections with multiple lake-focused agents, and have expertise in several lake areas. 

Whiteboard Topics: 5 Reasons to Choose Lake Homes Realty

Posted on Linda Thach

How do you maximize your opportunity to sell your lake home? When it comes to selling, here’s the real goal: you want to maximize the odds that you will get the maximum price the market will bear in a timeframe that is suitable for you. Here are five ways Lake Homes Realty can help you sell your lake property.

  1. Maximize exposure
  2. Pricing guidance
  3. Lake real estate expertise
  4. Unique network
  5. Buyers from across the country

As mentioned in the video, the Lake Real Estate Market Report contains unique multi-state market information about lake homes and land, including lakefront property, lake access property, lake view property, and near-lake property.

Free to the public, the market report can help lake home and land buyers and sellers better understand their local market, and how it relates to other similar competing markets. Download it HERE.

Whiteboard Topics: Can You Find a Good Deal on a Lake Home?

Posted on Camille Smith

During the pandemic, many buyers are anticipating finding a “good deal” on a lake house. However, Glenn Phillips, Lake Homes CEO, gives us three reasons why this is not likely. Foreclosures are rare due to majority cash transactions, and the new stimulus laws protect against foreclosures. Further, lake homes are currently in high demand as popular social distancing destinations. Besides the rare possibility of AirBnb and VRBO owners selling their properties due to less travel, you’re unlikely to find a good deal right now. That said, if you’re ready to buy, contact one of our lake agents with local expertise at to help you out. 

Whiteboard Topics: 5 Reasons It’s a Good Time to Sell Your Lake Home

Posted on Camille Smith

During the pandemic, many lake homeowners are concerned about their investment. If you aren’t using your lake home anymore, is now the right time to sell? Glenn Phillips, Lake Homes CEO, answers this question. Due to the market’s price peak, high buyer demand, limited appropriately priced inventory, and low mortgage rates, now is actually one of the best times to sell a lake home. To explore your options in selling your property, connect with one of our Lake Homes agents. With both local market expertise and a national presence, we’re here to help. 

Whiteboard Topics: Lake Home Selling Myths

Posted on Camille Smith

Lake Homes Realty CEO, Glenn Phillips, discusses five myths about selling a lake home. While there are many similarities between selling a lake home and a primary residential home, there are key differences. For lake homes, these include the higher percentage of out of town buyers, the impracticality of open houses, unusual aspects that break automated valuation systems, and buyers’ value shifts from opulence to practicality. If you’re considering selling a lake home, find a lake agent who understands these unique traits of the market.

Whiteboard Topics: Is It a Good Time to Sell a Lake Home?

Posted on Linda Thach

With COVID-19 on lake homeowner’s minds, many are wondering if now is a good time to sell their property. Lake Homes CEO Glenn Phillips outlines five reasons why now is a good time to do so.

During these times, sellable and appropriately priced homes are selling fast, and prices are stable. For buyers looking to mortgage their home, they are attracted to the historically low interest rates.

Finally, there’s a high demand for lakefront property, and the market peak has continued to rise. If you’re exploring the idea of selling your lake real estate, keep in mind that the process is often slow and hiring a lake expert agent will facilitate the process with their expert knowledge.

Would you like to learn more about selling your lake property? Here is a FREE downloadable guide:

Home Not Selling? The Two REAL Reasons WhyDOWNLOAD NOW 

Whiteboard Topics: Types of Buyers During COVID-19 Pandemic

Posted on Linda Thach

COVID-19’s impact on many businesses has brought on significant changes to rules and regulations that can be seen on a global scale. The real estate industry is also having to change to meet the needs of its buyers during these times of uncertainty.

In this video, Glenn Phillips, CEO of Lake Homes Realty, discusses the types of buyers you’ll find in the present COVID-19 marketplace. Learn how to navigate the delicate new economics of real estate in this exploration of buyers.

For more industry news, click HERE.