by Hunter Croan
on Tuesday, October 31st, 2017 at 4:04pm.
Unique Valuations: It is often the case that the dirt a waterfront home sits on is worth as much, if not more than, the home itself. Understanding the value of the land based on location and desirability, as well as the extent of any waterfront improvements, can cause a substantial swing in the value of a property. It is most often the case that self-represented buyers, or those who are using a non-waterfront agent who don’t understand these details, will overpay for a property thinking they have “stolen” a home because of a percentage off the list price they negotiated. They may also take a pass on a potentially good investment for lack of the same understanding.
Knowledge of Floodplains and Floodways: How do you find out if a home lies in one or the other? What does it mean for your purchase? Will you have to carry flood insurance? What will it cost? What do you need in order to obtain a policy? We can help guide you through the basics, and when we do not have the answers we know exactly who to get you in touch with.
Uncovering Property History: One of the most common questions buyers ask when looking at a waterfront home is “Has it flooded?” While most would believe that the Sellers Disclosure would shed light on this subject, that is not always the reality. We use the resources at our disposal to help get you the most accurate information regarding the property’s history. We have caught sellers fibbing.
Marketability: Our ultimate goal is to help you identify a property that not only meets your need for personal enjoyment, but also has the best chances of appreciating as you are making memories. We want to be the team that helps you find a sound investment, even if that means talking you out of a sale now. We believe in forming lasting relationships so that you will trust us to help you sell whenever that time comes.
Please feel free to reach out to us to start your Lake House hunt today!