If you’re considering selling your lake house, you might be wondering if now is the right time to do so. In today’s Whiteboard Wednesday video, Lake Homes Realty CEO, Glenn Phillips, gives 4 reasons why Summer 2020 is a great time to sell your lake home.
Lack of high competing prices
Ability to get ahead of the economic decline
Opportunities for short-term rentals
Regulation changes are continuing in lake markets
Looking ahead, it’s unlikely that you’ll get a better opportunity to sell than right now. Since lake property is more difficult to sell than other markets, now is the perfect time to take advantage of this window!
Check out what’s happening in your current market at Lakehomes.com.
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.
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.
Maximize exposure
Pricing guidance
Lake real estate expertise
Unique network
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.
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.
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.
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.
The proliferation of COVID-19 will most assuredly bring significant and permanent changes to businesses across the spectrum in the United States and worldwide. The real estate industry will also certainly change to meet the needs of customers everywhere. Even with restrictions on travel and free movement within communities, real estate transactions are still taking place. Both buyers and sellers are completing negotiations and closings in what is shaping up to be a busy spring period.
Here at Lake Homes Realty, we’ve taken steps to protect agents and customers as we negotiate the new environment in which we find ourselves. Glenn S. Phillips, CEO of Lake Homes Realty, says that “Safety is the number one challenge in conducting our business presently. We are doing everything in our power to support our clients safely and protect our agents.”
Safe Showings
Many buyers of lake real estate live in areas far removed from the lake markets in which they are searching for a home. LakeHomes.com, our highly trafficked website, is the perfect platform to allow potential buyers in markets across the country to shop for lake realty virtually anywhere in the company’s 29-state footprint.
Since there is often distance involved, our agents are offering virtual walkthrough services by using programs such as Facetime, WhatsApp and Zoom. Agents are spending significant time with clients to ensure all questions are answered and needs are met through the medium of mobile-based live video.
When physical showings are necessary, we’ve established a set of common-sense rules for conducting those showings. Agents will arrive early armed with disinfecting wipes or sprays, cleaning all doorknobs and light switches, then leaving the lights on and doors open to minimize touching while touring the homes.
Agents will ask that potential buyers minimize touching or sitting on the furniture. They will also request that the agent be alerted to any areas that need to be shown, which may not be easily accessible.
Seller Service Through Technology
Lake Homes Realty is a hybrid company, existing both digitally through LakeHomes.com and as a traditional brokerage with agents located in markets nationwide. Because of our unique position, we have resources for lake real estate that other brokerages do not.
We produce the Lake Homes Realty Lake Real Estate Market Report quarterly, but since these unprecedented circumstances began, we’re now updating the report data daily. These accelerated data reports provide our agents with the most up to date comparables with which establish dependable market pricing for sellers. No other brokerage has this tool.
As always, valuation services are free to sellers listing a home or property. Best of all, these services can take place virtually through a web conference or telephone meeting to minimize or eliminate face to face appointments.
Listing Power
With over 4 million highly qualified buyers visiting LakeHomes.com annually, expressly to shop for lake properties, there is no more powerful or safe partner for selling your lake real estate. We’ll develop those leads and virtually introduce your property to our qualified buyers. This incredible level of service supports sellers even in this challenging business climate.
Stay Informed
The COVID-19 virus is continuously pushing us all to be knowledgeable about the pandemic. Staying informed and being able to move nimbly under these market conditions is the key to success. Lake Homes Realty is the partner who wants to protect you and your interests in this difficult time.
Every once in a while, we come across a unique home design or regional fun fact that makes us take pause and dig a little deeper. It isn’t often, though, that we happen upon a place like Florida’s Lake Nona.
In a feature article for Worth magazine, author Helen Anne Travis highlighted what makes this little oasis unique. “With its innovative take on combining top-level healthcare, sports, technology and other amenities with residential planning,” Lake Nona offers “a futuristic vision of how people should live…”
Awe-inspiring. Groundbreaking. Ambitious. There are an almost endless array of adjectives that could be used to describe the lake community. But why not just let the facts do the talking?
A Greater Quality of Life
Located within Orlando city limits, Lake Nona is a 10,800-acre, master-designed community. Its raison d’etre is sustainable design, healthier lifestyles and an overall higher standard of living. The community became the first Iconic Cisco Smart + Connected Community in America in 2012. Major cultural hubs like London, Moscow and Barcelona also carry the distinction.
Lake Nona is also the first community in Florida to integrate gigabit fiber technology. Thanks to Dais, the development’s on-site technology company, residents can enjoy internet speeds that are 200 times faster than the average U.S. connection.
The technology is for more than just surfing the web and streaming videos, though. It allows for superior cellular coverage and provides Lake Nona’s Medical City the technological foundation it needs to run efficiently.
But the community has more to offer than just fancy tech. Forty percent of the 17-square-mile development is preserved green space, in keeping with Lake Nona’s theme of conservation and sustainable living. That means a garden, playground, park or pool on every corner.
And they can all be reached via the 44-mile web of walking and biking trails that connect the entire community. Don’t own a bike? Not a problem. The many grab-and-go free bike rental stations are another perk of a community that encourages active lifestyles.
There’s also the Sports and Performance district. Lake Nona not only pushes the envelope on what we know about sports science, but also advances athletic and personal performance with the help of professional athletes, researchers and trainers.
The community is actually the United States Tennis Association’s new Home of American Tennis.
Located in Lake Nona, the USTA’s National Campus houses 100 tennis courts, two separate divisions and the University of Central Florida’s tennis teams. That makes it the largest tennis facility in the country.
It’s hard to imagine how this futuristic suburb of Orlando fits so many things into 17 square miles. From multiple neighborhoods and state-of-the-art event venues to intensive hubs of research and technology, the amenities seem never-ending.
The Lake Nona Medical City is a 650-acre health and life sciences park and is Orlando’s premier location for research, education and medical care. The initial theory was placing healthcare and life science facilities in close proximity to each other will help accelerate innovation.
Over the years that theory would prove to be spot on. Lake Nona is now home to some of America’s leading research institutions, hospitals and universities.
The Medical City includes world-class facilities like the University of Central Florida’s Colleges of Nursing and Dental Medicine. Nemours Children’s Hospital, Samford-Burnham Medical Research Institute and the University of Florida Academic and Research Center are also included in the hub. And the Orlando Veteran’s Administration Medical Center is the first VA hospital built in the U.S. in more than 20 years.
This cluster of medical facilities and research institutions also plays a part in other community-wide educational projects.
The Lake Nona Education Initiative provides extensive learning opportunities at every level of education. Dubbed the Collaborative Learning Environment (CLE), this strategy was implemented by the Lake Nona Institute, a non-profit dedicated to health and wellness, education and sustainability.
All these ambitious projects bundled up into one city seems almost too good to be true. Coupled with the community’s thriving arts and culture scene and its location in one of the most popular cities in the world, Lake Nona is a spectacular place to settle down. And that’s not just our opinion.
While the development only makes up 10 percent of Orlando’s surface area, it accounted for 18 percent of the city’s growth between 2014 and 2016. It’s one of the fastest growing master-planned communities in the nation.
Beyond being just a great place to live, the community is a shining example of human potential. Lake Nona is unlike any lake community we’ve ever seen. And while it may be the first of its kind in America, we have a feeling it isn’t the last.
To check out homes and details about the Lake Nona community, click here.
