Tag Archives: Coldwell Banker Lakes

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!

How to Insulate a Garage Door

This great article will help you get that garage ready for winter.  An easy project to help keep the cold from getting into the indoor spaces.

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Open House Anyone? by Kathleen Adams, Canadian Lakes Homes

OPEN HOUSE…Houle from water2OR NO OPEN HOUSE?

A lot of clients ask about hosting an open house.  Actually, it is what we do every day.  Once your home is on the market – we are hosting an open house for anyone interested in seeing the home – anytime.

There was a time when an open house drove traffic to the area and more people came to see a home.  Today, unless you are in a highly populated area, an open house may not work the same.

Today’s buyer is using a Real Estate Agent most of the time in their home search.  The second most popular tool the buyer is using is yard signs – believe it or not!  People still like to drive around neighborhoods and look for homes for sale.  The mobile marketing tools and open house statistics for 2013 were real near the same – which was a surprise to me.    Most of the buyers I work with have used either a Realtor or Internet Searches to find homes.

Home Buyer Statistics:*

  • First time home buyers:  38%
  • Repeat buyers median age: 52
  • Median Age of first-time home buyers: 31
  • Information sources used in home search:
    • Real Estate Agent 89%
    • Yard Sign 51%
    • Mobile or Tablet Website Application 45%
    • Open House 45%
    • Mobile or Tablet Search Engine
    • Print Newspaper Advertisement 23%

*Source:  National Association of Realtors Guide to Quick Real Estate Statistics for REALTORS®

The great debate continues – open house or not?  My experience – even when heavy advertising has been done – is that they have been poorly received.  Most of the time if we get one person at an open house we celebrate.

If you really want to sell it – drive more traffic to your home by having a quality product in a great location with a fair price.  That’s it!  If you are missing one of the main elements, make up for it with one of the other.  For instance, if your home is not in a great neighborhood, perhaps a lower price would do the trick.  In the National Association of Realtor’s 2013 Community Preference Survey, 78% of home buyers responded that neighborhood quality is more important than size of home.  If you are in a great neighborhood, make sure the home shows well by keeping it maintained in and out.  And do not overlook the pricing – overpricing can be deadly.  Check out the neighborhood and what the sales have been.  Make sure you are not pricing yourself too high and missing a buyer.

For more information and tips on buying or selling a home visit my website or contact me!  Happy shopping and selling

CONTACT KATHY – CLICK HERE!