Archive for the 'Real Estate Tips' Category

Lake Martin Waterfront Lot Pricing: An In-Depth Study, Part 2

What do you know about Lake Martin waterfront lot pricing?  In the city, it can be feasible to value a lot using multiple pricing methods, but at Lake Martin, it’s a whole different ball game.  I’ve been telling buyers this for years based on anecdotal evidence, but now I have studied the Lake Martin MLS sales numbers and can back up my claim that the Comparable Sales method is the Lake Martin way to go.

Clichés are so… well ….. cliché. Part of the reason I started my real estate blog way back in 2007 was to examine, and publicize, what is really going on with Lake Martin real estate. I don’t claim to be the only voice for Lake Martin real estate, but I do hope to be a clear voice of the truth, looking past clichés, assumptions, agent puffery, and hocus pocus. Pretty is as pretty does around here. One of the biggest clichés or assumptions I constantly address with my buyers and sellers is how to accurately value a Lake Martin lot. Hence the need for this in-depth study.

In the first post I introduced three possible methods for valuing a lot:  Comparable Sales, Price Per Waterfront Foot, and Price Per Foot/Acre.  Hopefully I’ve already persuaded you that the Price Per Waterfront Foot method does not work as a primary method in the Lake Martin market.  If not, click here to read Part I.  Now I move to the Price Per Foot or Acre method . . .

Method 2:  Price Per Square Foot / Acre

Most consumers do not start their price valuation method with the size of a lot, but I do hear it as a way to justify one lot over another. Curious, I used the same tests of the scatter plot and correlation coefficient to test the relationship of the size of lots to eventual sales price. The result was pretty telling:

Once again, the scatter plot reveals how unrelated the two variables are. If they were dependent, we would expect to see results tightly formulated in a line pattern.  Instead, it is loose.

 Similarly, the correlation coefficient is telling. For square footage or acreage to sales price, it is -0.02. That’s right, it is almost zero. That tells us that the overall area of a lot is even less of a primary driver in sales price as is waterfront footage.  In fact, to return to another cliché, we can say that the size of a lot on Lake Martin has about as much to do with its sales price as the price of tea in China.

Price per acre or square foot is so unrelated, I can’t even recommend it as a secondary adjustment.

In the third (and final) post in this series, I’m going to walk you through the more accurate Comparable Sales method of valuing a waterfront lot.  It, too, will be heavy on the nerd factor, but somebody’s got to crunch the numbers in order to speak real estate truth.  Thanks for hanging in with me – I hope this is time well spent.

If you want to talk Lake Martin real estate – any topic, not just lot values – I’d love for you to give me a call 334 221 5862, or click here to contact me.

Links to Related Material:

Lake Martin Waterfront Lot Pricing: An In-Depth Study Part 1
Lake Martin Waterfront Lot Pricing: An In-Depth Study Part 3

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Lake Martin Waterfront Lot Pricing: An In-Depth Study Part 1

2013 was a remarkable year for lot sales at Lake Martin.

Lake Martin Lot SalesI want my readers to be the savviest Lake Martin real estate audience around.  That’s why I don’t hesitate to throw numbers and charts and graphs at you, and I’m about to get really geeky on you in this three part series about waterfront lot pricing. I also am a firm believer in NOT HORDING my information. Some agents think I am crazy for publicizing my analysis of the Lake Martin market, saying that I should use it to “force” people to call me directly. But, I think, gone are the days when real estate agents hold all of the cards when it comes to information. Say nothing, and the public flocks to irresponsibly incorrect sites like Zillow and Trulia. Much better to put the real, hyper local Lake Martin real estate information out there and try and earn the trust of people that way. Sure, I risk people using my analysis without ever calling me, but that’s the breaks, kiddo.

The following is the result of three months of research that I did for a seller client. I feel it’s so useful, I can’t help but share it here on my blog.

So I ask, “How much do you know about pricing Lake Martin waterfront lots?”  You are about to know more.

Sixty-five waterfront lots sold from January 1, 2013 to December 2, 2013.1  This is a remarkable number, considering that in all of 2012, only thirty-eight lots were sold. Similarly, in 2011, all of the agents in the Lake Martin MLS combined to sell thirty-nine waterfront lots.

In 2013, this brokerage, Lake Martin Voice Realty, was blessed to be listing agency for many of these lots.  I had hours of conversation with potential buyers about Lake Martin waterfront lots in general, and heard many theories about how lots should be priced.  The method I’ve always promoted is the comparable sales method because lots at the lake can vary wildly, by many different factors – view, water depth, feet of shoreline, steeply sloping, flat, in a neighborhood, outside a development, etc.

There are two other valuation methods that I often hear referenced in conversations with buyers – Price Per Waterfront Foot and Price Per Square Foot or Acre.   While these methods might prove helpful in other markets, for other reasons, I don’t think they’re reliable here.

So am I right, or am I just blowing hot air?  The best way I know to find out is to crunch the numbers, and with a very large pool of comparable sales from which to draw in 2013, it was a great time to dig deep into our MLS sales data and find out.

Where Did I Get My Data?

I took a look at the waterfront lots in the Lake Martin Multiple Listing Service that had sold from January 1, 2013 to December 2, 2013. Sixty-five lots had sold. I deemed this to be a large enough sample pool as it is about double the lots sold in each of 2012 and 2011.  I looked up each lot’s sales price, waterfront footage, and overall acreage.  In the cases where the listing agent did not disclose the waterfront footage, I looked it up on the respective County Tax Assessors’ databases online. I disclose my sources not to claim that the measurements of waterfront footage will be perfect, but to let you know I think they will be close enough for this calculation.  Then I charted this information on scatter plots to see if I could find any clear associations.

Three Ways to Price Lake Martin Waterfront Lots

I’m breaking the findings of this study into three blog posts.  I want to walk you through all three methods in order to debunk the Price Per Waterfront Foot and Price Per Square Foot or Acre as useful on Lake Martin.  Understanding what doesn’t work can help us understand the market as a whole.  The first method we’re going to look at is the Price Per Waterfront Foot.

Price Per Waterfront Foot – Price Per Waterfront Foot is a statistic that is frequently thrown around as rule of thumb. When talking to people about lot valuations, quite often it is quoted as a lead in to another point, such as, “I know that lake lots sell for about $1,000 a waterfront foot, but…” What’s curious is that people almost always say $1,000 a foot. Sometimes you hear $2,000 a foot, but not often. It is also curious that this number hasn’t changed in about ten years. One would think that if it had any merit, the baseline would fluctuate with the different market phases that we have experienced since then.

A glance at this plot shows no clear association with any price per waterfront foot:

OK.  That was pretty easy.  Now I’m going to get more nerdy.

In addition to the eyeball test above, I also looked at the correlation coefficient. A correlation coefficient is “a statistical measure of the degree to which changes to the value of one variable predict change to the value of another.” In our case, it is a measure of the degree of how much a change in the amount of feet at the waterfront will affect the change in a lot’s sales price.  In other words, this will put a number on how reliable a predictor a lot’s waterfront footage is for its sales price.

 A perfect correlation coefficient in a direct relationship is +1. Conversely, a perfect correlation coefficient in an inverse relationship is -1. No relationship would result in zero.  Therefore, the closer the number is to zero, the more useless it will be to help us price lots, in this case.

Since we are measuring waterfront footage to sales price, we would expect a +1 since the hypothesis is that as a lot’s waterfront footage increases, so does its sales price. 

The result was as ambiguous as the scatter plot. The correlation coefficient of waterfront footage to sales price is 0.47 which is judged to be only a moderate correlation, not worthy of the first step in a valuation method.

I think it’s safe to say – based on the actual MLS sales numbers – that the Price Per Waterfront Footage method is not a reliable primary method for valuing a Lake Martin waterfront lot.  So what about Price Per Square Foot/Acre?  Could that method work reliably at the lake?  Stay tuned for Part 2 of this study and I’ll discuss just that.

And if you’re interested in seeing the actual MLS data – the appendices, if you will – for my study, contact me here or give me a call and I’ll send you a copy.  334  221 5862.

Links to More Lake Martin Market Reports:

Lake Martin Waterfront Lot Pricing: An In-Depth Study Part 2
Lake Martin Waterfront Lot Pricing: An In-Depth Study Part 3

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Days On Market Vs. Winter Anonymity

lake martin seller vs winterThis time of year at Lake Martin creates a question for some sellers in the real estate market.  That question centers around whether or not they should keep their waterfront home, condo, or lot on the market through the winter.

Lake Martin is a seasonal, second home market in a rural community. Most of our real estate sales happen between February and November. Currently, the lake level is drawn down ten feet in the winter. It gets chilly.

So is it worth it to keep your property on the market through the winter? Or should you, as a seller, take it off of the market and let it rest, only to be reborn in spring? The tradeoff seems to come down to Days On Market vs. Anonymity. That is, if you truly want to sell your Lake Martin home, what is worse, having a higher Days on Market in the spring, or not being on the market at all during the winter?

I think it’s better to be on the market. That way your waterfront property is in the Lake Martin MLS, all other agents know about it, and your listing agent can legally advertise it. Otherwise no one knows it’s for sale.

But on this issue, as with many others, I wanted to test to see if I was a lone dissenter. I recently wrote about the subject in my monthly column for Lake Magazine. In order to get some perspective, I interviewed fellow Lake Martin agents Becky Haynie of Lake Martin Realty, Carl Hopson of RealtySouth Lake Martin, and John Christenberry of Lake Martin Voice Realty.

They agreed with me, and gave some great examples. Here’s a link to the article on Lake Magazine’s website:

Why Stay On The Market Through Winter?

I guess I am biased since they agreed with me, but I think they are great points.

If you are considering selling your waterfront home, lot, condo, or acreage on Lake Martin, we would love to help you. Please hit the “Contact Us” button below or call at 334 221 5862.

 

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Quadcoptering Over Emerald Shores, Lake Martin

Searching “Lots for Sale” on the Lake Martin MLS can be a little dull.  Sure, it’s exciting to see an awesome waterfront home that commands a spectacular view of the lake.  It’s not so easy to capture the essence of a lot in a photograph – usually you just see a lot of trees.  A lot of realtors barely bother, and I get that.  But it is frustrating to not have better info on the MLS.

There are still a few Emerald Shores watrerfront lots left for sale, and there are three in particular that I wanted to showcase today.  I took my quadcopter and my GoPro camera to these lots last week to see if it could capture images that would make these lots come to life for buyers – in a way that a still picture just can’t do.

Keep in mind that I’m still a novice pilot, and the last quadcopter video you saw from me involved a crash into a pine tree at Anchor Bay Marina.  I’ve been practicing, and I learned not to fly in the wind the  day of my wreck. When I was at Emerald Shores last week, the day started out pretty calm, but by the time I had everything ready, the wind kicked up and limited my range. So these videos are short and sweet, but crash-free.  You really can tell a lot more about a lot from the air:

MLS #13-333 Lot 34, Emerald Shores:

MLS #13-322 Lot 19, Emerald Shores:

MLS #13-320 Lot 17, Emerald Shores:

Now that the weather has cooled off and buyers are shopping for Christmas presents more than lake homes, I have a chance to reflect on the year – the real estate year, that is.  During this year’s reflection, I am pondering an exciting statistic that has to do with waterfront lots:

Sales of waterfront lots on Lake Martin almost doubled in 2013.

That is huge.  In 2011 and 2012, 39 and 38  lots were sold, respectively.  Through December 2, 2013, sixty five lots have sold.  That is dramatic.  This month I’ve been putting together research on Lake Martin lot sales and pricing, and I actually have a lot of data to sift through.  All you fellow math nerds hold tight –  I’ll make the results of this research available soon.  All that to say, lot sales are on my brain.  What do these strong sales numbers tell us about the Lake Martin real estate market as a whole?  I’ll put in my two cents shortly.

Where are all these lots that have been bought and sold?  Emerald Shores on the east side of Lake Martin is a great example.  Lake Martin Voice Realty listed 29 lots for sale in this deeded development in March of this year.  As of today, eighteen have sold, two are pending, and only nine remain.  

As I get better at piloting, I’m hoping to bring more aerial videos of waterfront property to the Lake Martin community.  Since this is predominantly a second home market, most buyers are searching for homes online.  The more quality information I can supply about a property, the better chances you have of making a great investment decision.

If you’re a buyer interested in Lake Martin real estate – lots, homes, condos, whatever – give me a call and let me work to get you the most and best information out there.

If you own waterfront property at Lake Martin, and are thinking about selling, let me put the most comprehensive marketing package together for your property, so we can match you up with the most motivated buyers.  Chances are, yours will show great by the air!

I’d love to be your Realtor.  You can reach me at (334) 221-5862 or [email protected]

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Keep It Simple: A Great Cabin Gets Better

When my clients, Kane and Emily, found this Lake Martin cabin last summer, they liked the whole package.  The home felt like a lake house, the lot was flat and wooded, there was plenty of shoreline.  It wasn’t too much house or too much lot.  It was just right.

And they knew that with a little tweaking, just a little renovation, it could be even better.  It could become “theirs.”

They’ve allowed me to share their before and after pictures of the remodel of their Lake Martin home. These photos show that simple changes like removing carpet can have a big impact.  New sod and covered entry can make a home look new.  Take a look and see how they made a difference by making smart changes during the renovation project.

Outside:

Lake Martin Cabin Redo

BEFORE – The street side entrance

Great Lake Martin Cabin Redo

AFTER – a covered entrance and new landscaping

The new porch on the street side of the home is not a huge addition, but adds a more welcoming (and sheltered) spot to enter the home.  The lake side of the home is similar – small additions were made, building on what was already good about the lot.  The docks and sea wall were already there, and so was the hammock between the trees.  But adding new landscaping, a sandy beach area and a fire pit, makes this yard even more liveable, and really personalized to their needs:

Home from the water before

BEFORE – A view of the home from the dock.

Great Lake Martin Cabin Redo

AFTER – New sod and landscaping, plus a sandy beach.

Great Lake Martin Cabin Redo

AFTER: Sandy beach where a boat ramp once was.

Great Lake Martin Cabin Redo

AFTER: The view from the screened porch.

Inside:  The Kitchen and Dining Area

Inside, the changes of the redo were simple, but with great effect as well.  The floor plan remains the same, the kitchen and baths have not been radically altered.  But small changes like removing carpet make a big difference:

Great Lake Martin Cabin Redo

BEFORE: The kitchen/eating area.

Great Lake Martin Cabin Redo

BEFORE: Another view of the kitchen area.

Great Lake Martin Cabin Redo

AFTER: No more blue carpet. New lighting.

Great Lake Martin Cabin Redo

AFTER: The floors lighten the room.

Great Lake Martin Cabin Redo

AFTER: The eating area gets new lighting.

The Living Room

Here’s the living room – it was already in good shape.  Let’s face it, in a second home like this on Lake Martin, you’re likely to spend a lot of your time hanging out. Kane and Emily realized this, and moved the TV over the fireplace and brought in their own the furniture:

Great Lake Martin Cabin Redo

BEFORE

Great Lake Martin Cabin Redo

BEFORE

Great Cabin Redo

AFTER

Great Lake Martin Cabin Redo

AFTER – The TV was moved over the fireplace.

Great Lake Martin Cabin Redo

AFTER

The Master Bedroom

And finally, they removed the carpet in the lakeside master suite and it makes a huge difference!  I really had to look twice at the pictures to make sure this was the same room:

Great Lake Martin Cabin Redo

BEFORE – Carpeted master suite.

Great Lake Martin Cabin Redo

BEFORE – Door and window looking to the water.

Great Lake Martin Cabin Redo

AFTER – Wood floors instead of carpet in the master bedroom.

Simple Cabin Renovation Lake Martin

AFTER – This looks like a new room.

Kane and Emily started out with a great cabin. As a matter of fact, I liked it so much, I showed it to my wife and my dad a couple of years before this. So from ground zero, they had a really nice Lake Martin home. But, by calling this a “simple” renovation, I run the risk of minimizing the amount of thought, effort and resources the new homeowners put into this transformation – perhaps I should say “smart” renovation instead.  Kane and Emily didn’t go overboard.  Instead they played up their cabin’s strengths.  This is what I mean by “smart” and I think they hit a home run!

If you’re looking for a cute cabin with good bones, but you just can’t see past the orange shag carpet and faux paneled walls, give me a call 334  221 5862 or email me here.  Let’s talk about your dream home, let’s discuss what is really essential in a good Lake Martin home  investment (the dirt, the view, the waterfront) and what things can be changed or overlooked for the time being (the choice of counter material, the screened porch that could be bigger).  I’d love to help and I’d love to be your Lake Martin real estate agent.

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Extreme Sea Wall Repair Part 3: Completion

It’s time for the final reveal.  Much like an Extreme Makeover Home episode, Henderson and Coker Contractors have resurrected a Lake Martin seawall that was a complete fail.  This was no minor seawall fail.  This was a seawall that had fallen over into the lake and taken a lot of earth with it – and dirt is dollars in waterfront real estate.  They allowed me to tag along and film the stages of construction, and now that the water is down for the winter months, I can show you the new seawall from the ground on up.

This time of year is great for inspecting and repairing Lake Martin sea walls.  As you can see from the video below, there’s a lot more to a seawall than the few feet that are exposed during the summer months.  This is a project for the pros.  The dirt beneath your lake home is the most valuable part of your lake investment, so make sure you protect it with a strong, well built sea wall.

Did you know that sea wall inspections are not typically part of the home buying inspection process?  Buyers should contact a sea wall professional and have a separate inspection completed if they are concerned about the condition of a lake home’s seawall.

I can’t inspect your seawall, but I can help you with Lake Martin real estate. If you’re thinking about buying or selling a Lake Martin home, give me a call and let’s talk about all the factors to consider when buying or selling.  I’d love to be your realtor. (334) 221-5862

For Parts 1 and 2 of this series, click on the links below:

Extreme Seawall Failure on Lake Martin: Part 1

Extreme Seawall Failure on Lake Martin Part 2: Rebuilding

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Awesome Home Pics By ReMax Around The Lake

We here at Lake Martin Voice Realty are professional real estate agents, and know good marketing when we see it. We try to be the best, but we don’t mind admitting when we see our fellow Lake Martin agents doing something awesome. Everyone should take a look at the incredible aerial photos posted on Facebook by Toni Adcock of ReMax Around the Lake. Really, this is groundbreaking. If you are reading this post from other spots around the nation, I ask you, are agents in your town going this far? Are they trying this hard? I am telling you, this is impressive:

 lake martin quadcopter shot

Toni’s husband Phil Adcock took these pictures using a GoPro Camera, mounted on a DJI Phantom quadcopter. Technical assistance and photography consulting was given by Matt Adcock of Del Sol Photography. Toni is the listing agent of 116 Hilyer Road. To contact Toni about this home, go to her website or call her at 256-234-1327.

aerial shot of lake martin by quadcopter

I am even more impressed by this because I also own a Phantom quadcopter and have been experimenting on flying it for real estate photography and videography. I need a lot more practice with mine before I am ready for the bigtime, as you can see by this wreck I had.

lake martin by air

I am convinced that using tools like the Phantom quadcopter will usher in a new level of marketing in real estate. I was inspired several months ago by seeing what some commercial agents are doing with it, and I thought it would be a natural fit for Lake Martin, thus my experimentation. Kudos to Toni and Phil for having the talent and the hard work to get it to a point that it is useful. That kind of dedication is rare in this industry and I think it is so cool to be in a place like Lake Martin where we have so many talented agents that are thinking of creative ways to help out their sellers.

Well done Toni, Phil, Matt, and ReMax Around The Lake!!!!

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Secrets of Lake Martin Brokers

Lake Martin real estate broker secretsI love the Wall Street Journal. Reading it is one of my favorite pasttimes. They have a regular section now called “Mansions” that covers real estate. On a recent Friday I was intrigued by a front page tease that read “Secrets of Top Brokers.” Naturally, as a real estate broker here at Lake Martin, I wanted in on the secrets. I flipped to page M1 and found the article, penned by Lauren Schuker Blum, titled “The Battle For the Big Deal.”

I was immediately disappointed.

The article was about the competitive nature of getting high priced listings in places like Malibu, LA, etc. It’s bottom line was that these ultra cool brokers have to battle hard to win a $40 million listing. They throw lavish parties and have in-house computer nerds to cultivate top secret databases of high rollers. Wow.

Don’t get me wrong, the article was well written and had plenty of pretty pictures. But the usability of these secrets by the average agent or even the average home seller is absolutely zero. (Who is going to spend $10,000 on a VIP house party?)

I guess I should not expect a practical article from a section of the WSJ called “Mansions.” I also can’t blame them for splashing flashy home pictures (I call it house porn) to catch the eye and entertain. I can’t help but wonder, though, what would happen if the WSJ would ask one of their talented writers, perhaps Ms. Blum, to turn their eye to the not so extraordinary. Sure, it’s easy to think of crazy ways to promote a home when Presidents have slept there and your potential commission is in the millions. What are the secrets of brokers or agents who actually sell normal homes?

Lake Martin Real Estate Secrets

I can tell you that there are no secrets for the Lake Martin real estate market, or anywhere else for that matter. If you want to sell a waterfront home, lot, or condo, you must pay attention to what I call the Holy Trinity of Real Estate:

  1. Pricing – You absolutely must price your home correctly. Yes, the market here at Lake Martin has rebounded since its low in 2008. But I don’t think we have evidence of price increases. Check my market reports and see if you agree. As a Lake Martin seller, you must price your home within 5% or 10% of what the market likes, or it will sit there. Buyers expect deals, research extensively, and can walk away. “I will price mine a little high. You can’t go up but you can always come down” you might say. I say – you can’t come down if you don’t get an offer. You won’t get an offer if you are priced too high to begin with.
  2. Marketing – You or your agent must market your Lake Martin home aggressively. A sign in the yard won’t do it anymore. Three fuzzy pictures in the MLS? Please. You have to have a full court press of well done pictures, full motion video, scads of backup information, just to stay in the conversation. You have to have a supercharged website to break through the noise and get found. In online marketing today, pretty is as pretty does. If people can’t Google it and find it, it might as well not exist. The old realtor trick of putting scant info out there so the buyer will call the agent and the agent will “sell them” on the home – is dead. Here is a modern truth – NO ONE WANTS TO TALK TO REAL ESTATE AGENTS – including me. They only call the agent on the last resort. Buyers research and research online so they don’t have to ask the agent, whom they perceive is cheesy and just out to say whatever. As an agent, I must realize that and earn trust by putting as much info online as possible. Another truth – put the marketing focus on the property. Not the agent.
  3. Staging – Staging is getting your home looking good to sell. Clean it up. Paint. Replace the rotten wood. Declutter. Depersonalize. Get all that junk out of the way that detracts from the view. People are here for Lake Martin. Don’t distract from that with petty repairable.

Are you considering selling your Lake Martin home, lot, condo, or some other property? We would love the chance to talk to you about it. We can get it done. We have the knowledge and experience to price it accurately. No other agency on Lake Martin, no matter how big, can even come close to our online marketing. The huge amount of traffic to this website are facts, not idle boasts. We can also help you stage your home to sell.

How to get started? Request a Comparable Market Analysis here or email us at info at lakemartinvoice dot com. Or call me at 334 221 5862!

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What’s Cheaper Than A Foreclosure?

Lake Martin is like most real estate markets, I guess, in that every buyer loves foreclosures. I don’t blame them. The thought of a buying a waterfront home or lot that is a heck of a deal because it’s a foreclosure is enticing.

But is it always true? Are all good deals on Lake Martin necessarily foreclosures? And are all Lake Martin foreclosures good deals? No.

The other day I was on the phone with a buyer from Florida that signed up for my waterfront foreclosure list. He was interested in looking at just about anything in his price range: lots, condos, homes, whatever. One of the foreclosures he asked to see was a condo in the Crowne Pointe condo complex, which is located off of Highway 50, kind of by Chuck’s Marina, in the Blue Creek area of Lake Martin. When I saw the price they were asking for the foreclosed condo, I thought, whoa!

Here’s a Condo That’s Cheaper than a Foreclosure

This particular condo I found was a three bed, three bath unit in Crowne Pointe that is listed for $289,000. Disclosure: it is a foreclosure, and is not my listing.

However, I was quick to let him know that I have this condo listed in Crowne Pointe, also a three bed and three bath, for $265,000. If you are interested, please click here for more information. It’s an awesome condo with its own deeded boat slip, a gigantic view, and two owners’ pools for funzies.

Yes, you read that correctly. My (civilian owned, regular seller) condo is priced $24,000 less than the foreclosure. That’s almost a 10% price difference. Why on earth would the foreclosure be listed higher than a regular sale? Who knows. Every case is different. Often, the banks must try higher prices due to the foreclosure proceeding. Sometimes banks are too big to spend a lot of time studying the market. Anyway, how would you like to be the guy bragging that he got a good deal on a foreclosure in Crowne Pointe, only to realize you paid about $24,000 too much?

This leads me to a few rules of thumb to remember:

Lake Martin Foreclosure Rules Of Thumb

  1. Just because it’s a foreclosure doesn’t automatically mean it’s the lowest priced option. See above for a glaring example.
  2. Just because it’s a foreclosure, and even if you think it’s priced well, it doesn’t automatically mean it’s a good deal. You will still need to do your due diligence to see if it makes sense relative to the rest of the market on Lake Martin.
  3. Just because it’s a foreclosure, doesn’t mean its legal woes are over. Lake Martin is located in Alabama, and here we have rights of rescission and other issues that could affect your purchase decision, to say nothing of possible property condition concerns.

If you’re interested in a waterfront Foreclosure on Lake Martin, great. Click here for my list. But be warned – getting a great deal isn’t as easy as going down the list like you were at Home Depot. I can help you learn about the market and help you focus your search so that you know a good buy when you see it. Don’t worry, the seller pays the commission, so it doesn’t cost you a dime to let me help you.

And if the Crowne Pointe condo I mentioned is still around, I would love to sell it to you!

Just contact us on this page, or at info at lakemartinvoice dot come, or John Coley at 334 221 5862 or John Christenberry at 334 398 0762.

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New Waterfront Listings on Lake Martin

If you are interested in waterfront homes, lots, or condos for sale on Lake Martin, you might like the latest feature of LakeMartinVoice.com.

I have added a new feature called “New Listings On Lake Martin.” See the right hand column of my blog, just below the top. There is a little plugin there that brings you the very newest homes, lots and condos on the market here at Lake Martin. In some real estate markets, this is called a “Hot Sheet.” So I guess I could have called it the Lake Martin Hot Sheet. Nevertheless, it’s a quick way to check what’s new on the market here at Lake Martin.

Newest Lake Martin Real Estate Listings

My goal is to have absolutely, positively, the best website and tools for searching the Lake Martin real estate market. I feel very blessed that this site continues to be number one in traffic, usage, and most Google searches for Lake Martin property. I will continue to tinker and experiment with new features like this to try and stay number one. If you have any suggestions or ways I can improve, please email at info at lakemartinvoice.com.

FAQ about New Listings On Lake Martin

  1. Are these only your listings? No, this list comes from the Lake Martin MLS, so that includes every single agent on Lake Martin, every single brokerage. It doesn’t matter who has it listed, I can help you with it.
  2. How often is it updated? It pulls about the last seven days of new listings from the Lake Martin MLS. So, if you haven’t checked it in about a week, you may have missed some. You may want to click here to search the Lake Martin MLS to see everything.
  3. What if I want more info on a home? Just click on its thumbnail and a new page, with that listing’s complete info will appear.
  4. What if I request info through your site, or give feedback by clicking a smiley face? The system will ask you to register by giving your name and email address. That’s so I can have a way to reach you and answer your request. Don’t worry, your info only comes to me.
  5. What is your spam policy? Don’t worry, I hate spam more than you do. In fact, I spend a lot of time and money to keep my site as virus and spam free as possible. I work way too hard to gain your trust to then turn around and spam you.
  6. Is this list waterfront property only on Lake Martin? Yes, this is a search that looks at three fields in the Lake Martin MLS: Waterfront = Yes, Lake Name = Lake Martin, and Age = < 7 Days. If you click on the Property Search button under the main picture, it will show you every single active listing in our MLS, waterfront or not. To view waterfront only on that page, click on the waterfront field and select “Yes.”

If you see anything you like, or want to talk Lake Martin real estate in general, I’d love to talk to you.  Give me a call at (334) 221-5862, email me at [email protected], or click here to contact me.  Thanks!

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