Tag Archives: buyer’s guide

Is It a Seller’s Market Yet? by Kathleen Adams, Canadian Lakes Homes

Well, we see the tides changing.  We are coming into a seller’s market in Canadian Lakes.  While it is still at the transition point, we see less inventory and more multiple offers.  All signs lead to the beginnings of a seller’s market.

Caution – don’t overprice your home just yet.  It is going to take a bit of time for all of this to digest.  Remember just a few short years ago, sellers would not believe that the market prices were going “that low”.  Well they did – and they were – we just didn’t want to believe it.  It took time for sellers to get on the right track and lower their prices.  We will most likely see this happening the other way around now.  Buyers will not believe that prices are truly going up and they will not be able to buy a home without a bidding war.  So, make it count – that first offer that is.  Make it good so that you are the best in the bunch trying to buy that home!  Success will be with those that truly know what the market is doing.

Yes indeed – we are coming into a seller’s market!

See my current inventory – click here!

Winter Home Buying. by Kathleen Adams, Canadian Lakes Homes Blog

Winter home buying can be perplexing for both buyer and seller, especially in the north.  When the weather turns and temperatures are freezing the ground, the snow is up to your knees, and it is not fun to tramp through the elements to shop for homes, it can be trying.

Working in a climate that brings snow, cold temperatures and homes that are seasonal, it has many challenges for the Realtor, the buyer and the seller.  But, working through the challenges can be rewarding.

Sellers often think that there are no buyers in the winter and take their homes off the market.  This is simply not true, there is always someone looking for a home.   Seller on the market through winter may just be rewarded with a buyer.

When we had little kids and took them to the mountains to ski, we always advised them to dress in layers and take extra gloves.  You can always strip down if you get too hot, we would tell them.  This is the same advice I have for buyers looking in snowy northern Michigan for homes.  Buyers are often coming from climates that are not as severe and are met with a surprise when they have to trudge through snow knee deep and look at a home with little to no heat.  Be prepared for all things when looking at homes in the winter months.  Bring boots, hats, gloves, etc.

Sellers find another challenge when they actually have an offer presented to them in the winter.  If it is a summer home, they are often out of town during the winter months and need to deal with things from a distance.  Their home may be winterized and they will now need to deal with opening it up for inspections and then re-winterizing it until closing.  They may not want people coming through the home with snow.  They may not want to have the driveway plowed and add an additional expense.

Seller can work with their Realtor to handle snow plowing and to protect their homes.

I find that buyers generally flexible when it comes to inspections.  Trying to coordinate things to avoid de-winterizing more than once, etc. can be done.  Depend on the Realtor to make sure things get done to eliminate extra costs.

Buyers sometime take a risk buying in the winter.  For instance, a waterfront home be a risky buy because you really cannot see what the waterfront is like.  The Realtor should be able to come up with photos from the seller to rest assure the buyer as to the condition of the waterfront.  Another challenge is inspections of the well and septic systems.  This can not always be done in the winter.  If the septic inspector cannot break ground to access the system, inspection has to be postponed or waived.  A seller that has records of all septic inspections can be helpful.  These records sometimes serve the purpose for the buyer.  Keep those systems in good condition with regular checkups and keep the records handy.

These are just a few examples of winter challenges when buying or selling a home.  They are not monumental, but a bit more work versus summer season selling.  It can be done if the seller, buyer and Realtor all work as a team to – get it sold!

 

 

November Newsletter

The November newsletter is out!  Here is an excerpt from this month: 

New things are going on around Canadian Lakes this fall –

Sadly, the Blue Cow is leaving their management of the Mayfair Restaurant at the end of October.  The Mayfair Restaurant will be looking for a new restaurant group to take over by spring.  We still have Tullymore, The Blue Lake Tavern, The Sweet Shop Mancino’s Pizza and Grinders and Antlers Restaurant serving food and drink!  Visit one of these restaurants for a great meal. 

Homes sales were good this year. There were 79 homes sold this year with an average size of 1,500 sf and an average sales price of $135,000. Highest priced home sold was $377,500. We are seeing a lot of waterfront buyers. Gone away are the golf course buyers. I am not sure what is going on with that! The National Association of Realtors reports that today’s buyer is looking for urban living! Well, we have just as much to offer here at Canadian Lakes with golf, fitness, restaurants, tennis, walking and biking paths and more.

Other Lake Front Areas

Sales around the lakes were favorable this year. Fifty nine homes sold with waterfront with 1,475 average square feet and $205,620 average sales price. The highest priced home sold was $1,375,000 on the Tri-Lakes. Here are the sold stats around the lakes:

Here are the sold stats around the lakes:

LAKE HOMES

SOLD

AVG.

PRICE

AVG.

SIZE

DAYS ON MKT.
Horsehead 8 $203,125 1332sf 158
Lake Mecosta 3 $779,333 3264sf 245
Blue Lake 3 $246,000 1375sf 164
School Section 5 $171,400 1434sf 117
Round Lake 4 158,100 1171sf 229
Chippewa 4 $96,625 917sf 143

Contact Kathy for all of your Real Estate needs!

If you would like a copy of my complete November Newsletter – email me!

Summer is Here! by Kathleen Adams, Canadian Lakes Homes Blog

Summer is here!  People are starting to come to the area for the summer lake season and golf season.  It is good to see the town all abuzz!  Don’t forget to visit me at Coldwell Banker Lakes and get a map of the area while you are here.  I have other information on homes available, our new summer brochure and information on what is going on in Canadian Lakes and the surrounding area.  Many great homes are available on all-sports lakes around the area as well as great deals in Canadian Lakes.  Let me know what you are looking for and I will do all I can to help you out!

See our homes here:

Canadian Lakes Homes For Sale – Area Homes for Sale

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ISLAND COUT HOME FOR SALE!  SEE ME FOR MORE INFORMATION AT WWW.CANADIANLAKESHOMES.COM

HAPPY SUMMER EVERYONE!

‘Tis the Season

http://www.youtube.com/watch?v=XWaagvWm7tM

‘Tis the season for buyers looking for a new home!

Contrary to popular belief, there are buyers looking for homes during the winter months.  This is the time of year that many sellers either lower their price or take the home off the market for the winter.  This leads to low inventory.  That make it nice for sellers who are sticking with it for the winter.  They have a better chance of selling their home.  So if you are looking for a home this winter, you know you have a motivated seller – get out there and make a deal!

Buyers look here for current home deals!

Color Tour at Canadian Lakes – Kathleen Adams – Canadian Lakes Homes Blog

Wow!  Beautiful color is everywhere in Canadian Lakes.  The colors are vivid this year.  We expect the color will last a couple of weeks yet.  Take a drive to see Canadian Lakes and the beautiful colors.  While you are at it, stop by and see me at Coldwell Banker to get our latest deals.  It’s a great time to buy a home!  Click the photo for more information on homes at Canadian Lakes:

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Hot Deals, by Kathleen Adams, Canadian Lakes Homes Blog

Hot deals on lake front property will be out there. Just look around and see what is still on the market and if they are willing to make a deal.  Now is the time, Labor Day weekend marks the  end of summer for many lakefront homeowners.  Most people are done using their cottage this weekend.  They are getting the kids back to school.  The retirees are getting ready to go back to their winter homes.  Generally if the home has not sold by now, they are reducing prices.  If they haven’t reduced prices, they will be ready to negotiate something to get it sold.  So, check out the hot deals, summer may not be over just yet!

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VISIT www.canadianlakeshomes.com to see homes for sale.