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Archive for June, 2011

Want to Buy a Lake House? Question Your Agent About His/Her Search Habits BEFORE Hiring

In an ideal world I would receive a phone call or email from a lakefront buyer prospect and after some discussion I would have enough information to do a basic MLS search. A search that includes geographic area, home size, bedrooms, basement, bathrooms… and sometimes a specific lake. I am finding that desiring a specific lake (or excluding a specific lake) is not uncommon. I have had buyers recently who will only look at homes on Woodhull Lake or Deer Lake. A couple who weren’t demanding Lake Oakland, but Lake Oakland was their first choice.

And back in the lala land of my ideal world I would search for homes and use the search field “water name” to include or exclude specific lakes. The problem is many home listings in my market area- North Oakland, Lapeer and Genesee Counties– is that many of the listings don’t have the “water name” search field filled in.

One of the Lake Oakland buyers stole the house he bought. I have saved searches that I check daily and one of those searches is for Clarkston and Waterford lakefront active listings. His home came up in one of these more generic searches and we looked at it immediately. We got our offer in quickly and didn’t have to deal with a multiple offer situation. The listing didn’t specify which lake it was on.

I have the same search set up for Lake Orion, Oxford, Addison, Lapeer, Metamora, White Lake areas among others. When I get in front of the computer in the morning I check my email then go to the MLS and check for any listing updates in a dozen or so saved searches. It takes about a half hour and I consider it part of my job to know the inventory.

I just listed a home on Clear Lake in Oxford MI and while looking at the sold comparables I chose 9 that sold over the past year and a half. Since it is a lakefront, and prices in Oxford have pretty much stabilized, I like to include summer sales. Of the 9 homes 5 left the “water name” search field blank and 2 didn’t bother to utilize the “all sports lake” search field. Would those homes have sold for more if the listings were complete?

Most lakefront homes are selling within 2 months when priced properly- so within 60 days of listing or within 60 days from their last price reduction. Often times they are selling within the first week. When a great listing hits the market you need to react quickly and if your agent isn’t on top of their market you could lose out. I will go so far to say you will probably lose out on just about every “great deal” because you are only being exposed to the completely filled out listings or half of an already low inventory. And from the example above it looks like about half the listings in the MLS are incomplete.

Please don’t hesitate to call me if you are considering buying a lakefront home in North Oakland, Lapeer or Genesee Counties.

Lake Information

Lakefront Homes for Sale

For Buyers

Is the Appraisal for Your Protection?

Seller Concessions for Dummies

How NOT to Buy a House

What is the Difference Between Deposit and Down Payment?

Jackie Hawley
Keller Williams Realty, Clarkston
Cell: (248)736-6407

Jackie@JackieHawley.com

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Just Sold! 8944 Stonegate, Clarkston MI- 5 Days on the Market Highest Price in Stonegate Sub!

stonegate clarkston mi home sales clarkston mi real estatePrestigious Stonegate is an upscale Clarkston neighborhood conveniently located off Dixie Highway about 5 minutes from I-75. Large lots, mature trees, Clarkston schools.

We listed 8944 Stonegate toward the end of a week and had come to terms by the end of the first weekend! A sweet 4 bedroom home built in 1996 on a 1 acre landscaped yard backing to a common area sold for $330,000 or $114.78/square foot.

Prices in Stonegatehave ranged from $225,000-$220,000 in the paststonegate clarkston mi home sales clarkston mi real estate year and a half. There is currently 1 home pending with an asking price of $329,000 and 2 homes for sale with asking prices of $324,900 and $340,000.

If you have a 4 bedroom home in the Clarkston school district and are thinking of selling, please don’t hesitate to contact me about selling. The last 3 homes I listed in the Clarkston schools that had 4 bedrooms all sold within 5 days and all sold for top dollar.

If you are considering buying a 4 bedroom home in theClarkston area you need to find a good agent (me) who checks the inventory daily. Inventory is low and the good listings don’t last long. 2 of the 3 listings I mentioned above that sold so quickly had multiple offers.

For Sellers

For Buyers

Search the MLS 

 

Jackie Hawley
Keller Williams Realty, Clarkston
cell: (248)736-6407

Jackie@JackieHawley.com

www.MiRelocation.com

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