Tag: real estate

Whiteboard Topics: What Will 2024 Bring for Lake Home Prices?

Posted on Chris Melton

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.

Lake Homes Realty Adds New Agent Loretta Fadeley To Their Team On Lewisville Lake, Texas

Posted on Chris Melton
Courtesy of Union Park

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.

New Agent Holly Ming Joins the Lake Homes Realty Team Servicing Lake Norrell, AR

Posted on Chris Melton
Courtesy of Hot Springs Village, via Arkansas Tourism

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.”

Lake Homes Realty Adds Agent Stephanie Hall to Coldwater Lake, Michigan

Posted on Chris Melton
Courtesy of Waffle Farm

A new lake real estate report from the country’s largest lake-focused brokerage shows listing prices in Michigan are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Michigan’s total market at $2.19 billion, up from $2.02 billion in the summer of 2022,” said Stephanie Hall, a new agent with Lake Homes Realty, who focuses on Coldwater Lake, Palmer Lake, Baw Beese Lake, and more in Michigan.  Lake Homes Realty operates in 34 states across the country.

“LakeHomes.com 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,” said Hall. As of August 16, 2023, Coldwater Lake has 11 lake area properties listed, ranging from a $224,900 home to a $1.1 million lake home. “The average home price for listings around Coldwater Lake is $519,327, according to the Lake Market Real Estate Report,” said Hall.

“Boating is extremely popular on Lake Hartwell, as are its related activities, waterskiing, tubing, and wakeboarding,” said Hall.  “With just over 1,500 acres of pristine water, Coldwater Lake appeals to lake home searchers from across the country. Among the hundreds of people searching for lake homes and lots in Michigan in May 2023, the top metro area looking on LakeHomes.com was Chicago, followed by Washington, D.C., and Columbus, Ohio,” said Hall.  “The national reach offered by LakeHomes.com works really well with my local expertise along Coldwater Lake and the surrounding area,” said Hall.  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 “Stephanie offers outstanding customer service in the Coldwater Lake area and is truly a specialist in that area,” he said.

About Stephanie Hall

Serving others is something Stephanie Hall is well-versed in. She has six years of experience as a real estate agent. She has an amazing reputation, unending respect, and recognition for her commitment to safeguarding your interests, equity, and well-being while realizing your dreams.

Hall has more than just real estate experience. She has worked in company management concurrently for the past five years, and she currently owns and runs a sizable self-storage facility, many rental homes, and an agricultural farm in her community.

Her hometown is in southern Michigan. She spent decades creating invaluable memories here, and she now makes it her goal to help others create priceless memories of their own. Among the many lakes she services are Devils Lake, Baw Beese Lake, Coldwater Lake, Klinger Lake, Duck Lake, and countless others.

Hall is ready to assist you, whether your interests are in property, nearby activities, or living by a lake. Her top goal is to fully comprehend the needs and lifestyle preferences of her clientele. Witnessing her clients realize their own potential and achieve their goals brings her great satisfaction.

Hall collaborates closely with her local Branch County man, James, her fiancé. They have consistently astounded clients with their knowledge, skill, and proven execution while working nonstop for them in their remarkable team approach.

Communication and organization are the foundations of her success as a real estate agent. She guarantees that when you work with her, she will respond to your emails, demands, and texts as soon as possible, all while acting professionally and with unrestrained excitement. If you’re looking to buy or sell in Jackson, St. Joseph, Branch, Calhoun, Hillsdale, or Calhoun Counties, she looks forward to speaking with you!

Lake Real Estate Report Shows More Than $145.7 Million In Lake Area Properties Listed Around Tims Ford Lake, TN

Posted on Chris Melton
Courtesy of Golftime Magazine

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.

2023 Lake Homes Realty Summit

Posted on Chris Melton

Lake Homes Realty Celebrates 11th Annual National Agent Summit

October 10-12 marked the 11th annual National Agent Summit for Lake Homes Realty. Lake specialists from around the country traveled to Birmingham, Alabama for a week of learning and networking. Consistent marketing, advantages of building a team, industry news, and more were among the topics discussed in this year’s gathering. But the Summit, wasn’t all business, as many of the agents can attest to.

“Agents all across the country come together and not only collaborate with great ideas, but build a huge referral network … We have pretty fabulous fellowship at night, and we’re a group that likes to have a lot of fun and not take ourselves too seriously while we’re learning from each other,” agent Tiffany Hazelwood says about the National Agent Summit.

2023 also served as the first Summit with new sister brokerage, Beach Homes Realty. Lake Homes Realty welcomed the new agency, along with 6 of its 10 agents, to join in on the annual event. Together, Lake Homes Realty and Beach Homes Realty host the largest Summit to date, with over 200 agents in attendance. Additionally, over 80 awards were given out to agents during the event, including the agent of the year award.

Kristie Anderson From South Carolina Wins “Agent of the Year” at National Real Estate Summit

To determine the 2023 Splash Award winner, Lake Homes Realty agents were each ranked for performance in six key areas over a 12-month period, starting September 1, 2023, and ending August 31, 2023. Performance areas included the number of transaction sides closed, total transaction volume, net by side commission percentage of closed transactions, list side commission percentage of closed transactions, and percentage increase of year-over-year transaction volume.

“There was a minimum $3.5 million in transaction volume in order to be eligible for consideration for the Splash Award and Kristie far exceeded that amount,” Phillips explained, adding that the total volume represented the final sale price of a property, independent of agent splits or applicable commissions. “Our agents are the ‘special forces’ of the lake real estate niche. Their expertise and talents continue to impress us year after year, and this year’s Summit was the best yet because of all that they do.”

Kristie Anderson of South Carolina has been a finalist for Agent of the Year from Lake Homes Realty for multiple year and came home with the top prize – Splash Award. The Splash Award is given to the company’s overall top-performing agent/agent of the year. Anderson is a lake real estate specialist who was born and raised on Lake Marion, South Carolina, where she specializes in lake real estate. She also sells properties on Lake Moultrie, as well.

“We have wonderful lake real estate agents across the country and I am still in awe of the honor,” said Anderson. “I’m honored, surprised, and thankful for winning this year’s Splash Award because it recognizes my relationships I have with my clients,” she says. “My philosophy is to help guide clients through the process of selling or buy a lake property and offer them local lake expertise,” she says. “Life is a little sweeter waking up at the lake and I want to help clients find or sell wonderful lake homes. Living in the right lake home helps clients live a more relaxed and laidback lifestyle while enhancing their overall quality of life,” she added.

Other 2023 Nation Agent Summit Award Winners

To close out the 2023 National Agent Summit, a number of high-performing agents received awards for their success during 2022. Three categories of awards were given out, including the Aqua Award, Big Wave Award, and Splash Award.

Aqua Award Winners

Agents qualifying for the company’s Aqua Award have $3.5 million in revenue but not exceeding $10 million for the year include:

Aleace & Calvin Cappelle
Angella Lee
Barbara Park
Brian Kincaid, II
Brooke Edwards
Bruce Hull
Bruce Jones
Cereice Morris
Chris Johnson
Chris Morris
Chuck Goff
Cindy Anderson
Dakota Clavier
Daniel Burnside
Deb Groom
Debbie Eichhorst
Erica Vaughan
Gail Barnett
Greg Adams
Holly Blanchette
Jacki McCulloch
Jeff Titsworth
Jennifer Hill
Jerry Moomaw
Jill Baugus
Jill Botos
Jim Williams
John Dinos
Josh Grindle
Kye Fadeley
Lauren Streeter
Les Burleson
Lisa Parker
Mike Hardesty
Mike Stevens
Missy & Tim Fredrickson
Rachel Manhim
Rachelle McClard
Rebecca Brewer
Rick Murphy
Robin Cole
Sally Adams
Sonia Mendez
Terri Gates Mcilravy
Tiffany Hazelwood
Tim Beeson
Tommy Clark
Tonya Barker
Tracy Boyd
Trish Greer
Tyrone Miller
Wendy Schurgot

Big Wave Award Winners

Next, agents with $10 million in sales and up to, not including, $25 million for the year received the Big Wave Award. These agents are:

Angela VanHouten
Cat Thornton
Cindy Lanham
Deb Short Taylor
Doug Giesler
Glenn Fisher
Jo Lynn Miller
John Franklin
Johnny Wayne Hightower
Kristie Anderson
Linda Hanf
Melinda Edwards
Michael Murphy
Mike Goins
Nicole Anderson
Pam Bowman
Pam DeBlasio
Peggy Overstreet
Sandie & Freddie Hurley
Sheila Howell
Terry Norton
Tony Luna
Wally Cawthon

Alpha Award Winners

Then, agents with $25 million or more in sales were awarded the Alpha Award. These agents include:

Cindy Myrex
John Robert Elliott
Justin Dyar
Karen Packett
Ken Williams
Lisa Steele
Margaret Decker
Terri & Kyle Griner

Agent of the Year Finalists

Finally, select agents were nominated for agent of the year based on various criteria. These agents were:

Glenn Fisher
Jo Lynn Miller
Kristie Anderson
Lisa Steele
Peggy Overstreet
Sandie & Freddie Hurley
Sheila Howell
Terry & Sherrie Norton
Tony Luna
Wally Cawthon

Mark Shoda Joins Lake Homes Realty on Lake Lanier in GA

Posted on Chris Melton
Lake Lanier, GA

A new lake real estate report from the country’s largest lake-focused brokerage show listing prices in Georgia are up over summer 2022. “The new Lake Real Estate Market Report from Lake Homes Realty shows Georgia’s total market at $2.1 billion, up from $1.9 billion in the summer of 2022,” said Mark Shoda, a new agent with Lake Homes Realty, who focuses on Lake Lanier in Georgia.  Lake Homes Realty operates in 34 states across the country.

“The new quarterly lake real estate report from Lakehomes.com shows Lake Lanier to be the largest market in the state of Georgia,” said Shoda. “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 August 8, 2023, Lake Lanier has 733 lake area properties listed, ranging from a $15,000 lot to a $5.99 million lake home. “One hundred thirty-eight of the properties were listed for over $1 million,” said Shoda.

The average home price for listings around Lake Lanier is $929,389, according to the Lake Market Real Estate Report. The average lot price is $675,819 for the 229 lake area lots currently listed.

“Lake Lanier is one of the best boating spots in the country, and it opens the door for plenty of related activities such as waterskiing, tubing, and wakeboarding,” said Shoda.  “With 38,000 acres of pristine water, Lake Lanier appeals to lake home searchers from across the country. It remains at the top of Lake Home Realty’s Annual ‘Hot Lakes’ list. Among the hundreds of people searching the lake homes and lots on Lake Lanier in May 2023, the top Metro area looking on LakeHomes.com was Washington D.C. followed by New York City and Greenville, South Carolina,” said Shoda.  “ The national reach offered by LakeHomes.com works really well with my local expertise along Lake Lanier and the surrounding area,” said Shoda.  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 “Mark offers outstanding customer service in the Lake Lanier areas and is truly a specialist in that area,” he said.

About Mark Shoda

Mark Shoda is your ultimate expert in all matters concerning Lake Lanier. What sets Mark apart isn’t just his extensive experience in real estate, but also his firsthand understanding as a lakefront property owner. He doesn’t just talk the talk about lake life; he truly lives and breathes it.

With his wealth of experience in real estate transactions, Mark can offer invaluable insights on topics ranging from dock permits to property boundaries and more. Furthermore, he’s deeply ingrained in the Lanier community, having been a part of it for five years and cherishing the close bonds he’s formed.

For Mark, being a real estate agent is more than just a job; it’s a source of joy derived from helping others achieve their dreams. Whether you’re an existing homeowner or aspiring to become one, he’s genuinely excited to be a part of your journey and to safeguard your future endeavors.

Beyond his real estate passion, Mark’s heart belongs to his loved ones. He holds his fiancée in the highest regard, considering her the most amazing person he’s ever met, and he treasures the time spent with his parents and future in-laws. When he’s not busy assisting clients, you’ll find Mark indulging in his favorite pastimes, such as playing tennis, fervently supporting his favorite NFL team, or enjoying quality time on the water with his boat or jet ski.

Lake Homes Realty Adds Kim Hoog to Tenkiller Lake Area in Oklahoma

Posted on Chris Melton

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.”

Whiteboard Topics: Selling a Lake Home Requires Broader Marketing

Posted on Chris Melton

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.