{"id":16401,"date":"2021-08-04T19:44:14","date_gmt":"2021-08-04T19:44:14","guid":{"rendered":"https:\/\/lakehomes.com\/info\/?p=16401"},"modified":"2025-01-21T09:05:11","modified_gmt":"2025-01-21T15:05:11","slug":"whiteboard-topics-4-signs-a-lake-home-is-grossly-overpriced","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-4-signs-a-lake-home-is-grossly-overpriced","title":{"rendered":"Whiteboard Topics: 4 Signs a Lake Home is Grossly Overpriced"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Whiteboard Topics: 4 Signs a Lake Home is Grossly Overpriced\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/34RfBAAYwmk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<div class=\"p-rich_text_section\">Buying a lake home can be stressful, especially in this seller\u2019s market, but it\u2019s important to know you\u2019re getting your dream lake home at a reasonable price. Lake Homes Realty\u2019s CEO, Glenn Phillips gives four signs a lake home is grossly overpriced.<\/div>\n<ol class=\"p-rich_text_list p-rich_text_list__ordered\" data-stringify-type=\"ordered-list\" data-indent=\"0\">\n<li data-stringify-indent=\"0\"><b data-stringify-type=\"bold\">Days-on-Market<\/b>: Lake homes don\u2019t spend too much time on the market, and when they do, it\u2019s an indicator of being unreasonably priced.<\/li>\n<li data-stringify-indent=\"0\"><b data-stringify-type=\"bold\">Big Appraisal Gap<\/b>: If the listing price and appraisal have a large gap between them, it\u2019s a clear sign the lake home is overpriced.\u00a0<\/li>\n<li data-stringify-indent=\"0\"><b data-stringify-type=\"bold\">Back on Market<\/b>: Sometimes, a lake home is back on the market after being listed as pending. This could be due to a buyer attempting to work with the exaggerated price, but realizing it would be a bad investment.<\/li>\n<li data-stringify-indent=\"0\"><b data-stringify-type=\"bold\">Massive Price Increase<\/b>: When reviewing the price history of a lake home, take note if there was an alarming increase and whether any renovation has been done to the home to validate said increase.<\/li>\n<\/ol>\n<div class=\"p-rich_text_section\">Never spend more than you have to on your dream lake home. You never have to settle for overpriced properties when you know all the signs to watch out for!<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":25,"featured_media":16402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429,12062,12063,3],"tags":[7311,153,10827,139,10090,16128,10869,149,138],"class_list":["post-16401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceo-insights","category-for-buyers-advice_and_tips","category-for-sellers-advice_and_tips","category-advice_and_tips","tag-home-sellers","tag-home-selling","tag-home-selling-tips","tag-lake-real-estate","tag-lake-real-estate-advice","tag-lake-real-estate-market","tag-lake-real-estate-tips","tag-real-estate-advice","tag-real-estate-tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO 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