{"id":17247,"date":"2021-11-24T15:45:21","date_gmt":"2021-11-24T15:45:21","guid":{"rendered":"https:\/\/lakehomes.com\/info\/?p=17247"},"modified":"2025-01-21T09:02:58","modified_gmt":"2025-01-21T15:02:58","slug":"whiteboard-topics-4-realities-of-selling-a-lake-home-you-overpaid","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-4-realities-of-selling-a-lake-home-you-overpaid","title":{"rendered":"Whiteboard Topics: 4 Realities of Selling A Lake Home You Overpaid"},"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 Realities of Selling A Lake Home You Overpaid\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/GxY-c7CmiQg?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 for an egregious price typically means you won\u2019t be able to sell it for quite as much. Lake Homes Realty\u2019s CEO, Glenn Phillips, explains why your lake home&#8217;s value is determined by the market, and not your own estimations.<\/div>\n<ol class=\"p-rich_text_list p-rich_text_list__ordered\" data-stringify-type=\"ordered-list\" data-indent=\"0\" data-border=\"false\" data-border-radius-top-cap=\"false\" data-border-radius-bottom-cap=\"false\">\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">The Market Rules:\u00a0<\/b>It\u2019s a real estate market. In other words, the market determines the worth of your lake home, no matter how much you paid for it.<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">Accept the Loss:\u00a0<\/b>You must accept the loss, and sell at market price. However, the time spent in your home should hopefully make up for the monetary loss.<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">Buyers Don\u2019t Care:\u00a0<\/b>No matter how much you\u2019ve put into purchasing your lake home, buyers don\u2019t care. They want to pay what the market says it\u2019s worth.<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">Time Matters:\u00a0<\/b>The market is always fluctuating, and it is currently at a peak. Now is a great time to sell your lake home for a price closer to your liking.<\/li>\n<\/ol>\n<div class=\"p-rich_text_section\">Don\u2019t fight against the market when selling your lake home. No matter how much you paid for it, the market will always determine its true worth!<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":40,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429,12063,3],"tags":[],"class_list":["post-17247","post","type-post","status-publish","format-standard","hentry","category-ceo-insights","category-for-sellers-advice_and_tips","category-advice_and_tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whiteboard Topics: 4 Realities of Selling A Lake Home You Overpaid<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-4-realities-of-selling-a-lake-home-you-overpaid\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whiteboard Topics: 4 Realities of Selling A Lake Home You Overpaid\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-4-realities-of-selling-a-lake-home-you-overpaid\" \/>\n<meta property=\"og:site_name\" content=\"Lake Homes Realty Articles and Info - 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