Prices for lakefront and waterfront properties vary considerably. It is a common mistake for folks to study lakefront values by dollar per square foot, “average” selling price, or an estimate from an otherwise helpful internet property search site like Zillow. Waterfront property pricing is so strongly affected by factors that don’t necessarily relate to the house itself. Florida’s waterfront real estate values have been in decline just like other properties since the market peaked in 2005-6. Lakefront property values have definitely held up better than other types, but they were by no means insulated from the housing bubble.
A few factors that influence lake home values include:
Be wary of real estate agents who may tempt you by offering a high listing price just because your home is located on the water. There has to be a marketing strategy in place to back up that price. I cannot emphasize this enough — it’s absolutely crucial that your agent knows the nuances of selling waterfront property. Keep in mind that, if you need to sell your home quickly, it may be necessary to focus attention on making the necessary repairs to ensure proper staging, and the selling price may need to be set lower to attract potential buyers faster.
If you are thinking about listing your lakefront home for sale, please do not hesitate to contact me today. I will be happy to speak with you about our past and current experience selling Central Florida lakefront. I can also prepare a comparative market analysis tailored specifically to your needs and discuss marketing strategies that will ensure the best possible success in selling your home.
While it is probably not necessary to spend a lot of cash on a full remodeling job, do keep in mind that buyers may balk at a selling price if the home needs major work or a bunch of small repairs. It’s best to keep focused on the most immediate cost-effective and “do-able” improvements that will add value to your home.
Some of these basic improvements include:
As is with all home sales, the appearance and condition of a lakefront property are always important factors. Here are some important tips regarding preparing your home to be photographed and shown to potential buyers:
Buyers may want to have access to local government permits for any work that has been done on the property, especially regarding structures relating to the water frontage, such as docks, boathouses, septic tanks, etc. Any permits already in place add value to your home. If you are concerned with additional laws being enacted restricting waterfront construction, apply now for permits to ensure that value stays in your property in the event of a future sale.
"Mike helped us price our lakefront home extremely well, enabling us to sell for a great profit and in a very timely manner."
"Mike and his team are outstanding, dependable, honest and honorable. There is a chance he is part magician as well, because no one expected our house to sell so quickly or for the price we wanted!"
"We found a great home and closed on it quickly and easily. The process was good, the system worked, the details were attended to, and we are happy home owners. "
"Without hesitation, I can refer Mike as a true professional who will make the sale of your home his top priority."
"If you want someone you can trust and who will tell it to you straight, yet is also totally sympathetic to your concerns, give Mike a call."
"I can say with full confidence that Mike would treat anyone as well as he has me and my family."
Would you like to advertise your business to a targeted niche audience? The number of visitors to our site continues to grow rapidly, and our site visitors represent a very focused segment of consumers who enjoy the waterfront lifestyle, water sports, and the outdoors. Contact Mike Derenthal today at 321-662-8014 for further details.
Click on the following link to learn about the Derenthal Realty Family.