If you are curious about old cabins around Lake Martin (some maybe from the 1950s as advertised above) you are not alone. Here’s a question one of my buyers emailed me the other day:
Q: We have been renting houses on Lake Martin for years. This past weekend we took a long boat ride looking around. We saw several old cabins that looked unused. Just curious as to if these ever go up for sale?
A: Thanks for the email. That’s a great question. I see old cabins around Lake Martin all the time, too. Most (99%) of the time there is a reason for it. Like, maybe it’s an old family cabin and they can’t decide what to do about it. I can’t blame them, because it is hard to give up on generations of memories!
Or maybe the person has decided to hold on to it in order to get more when they sell in the future, but doesn’t want to fix it up. I can’t blame homeowners like this, either. Historically, Lake Martin (like most waterfront real estate markets) has had very high appreciation over the long term.
Or, maybe the owner would sell it but they have a crazy high price in mind (this happens a lot). Honestly, I can’t relate to home owners like this. I know that your home is “one of a kind” – but people will compare to others. When buyers come to Lake Martin, they typically will walk through seven or eight homes per visit. This is after whittling down a list of twenty they found on the web.
My rule of thumb is, if they want to sell it, it would be on the market. These type of cabins get calls, emails, and letters from people all the time (mostly agents) that want to buy it. They are presented with many opportunities, so if you as a buyer contacted them, you will likely be joining a long list of interested parties.
A more likely scenario happens when home owners call me and ask what I think their Lake Martin property is worth. At least those folks are considering selling, but not always. With a second home market like Lake Martin, you’re dealing with buyers that don’t “Have” to buy, and sellers that don’t “Have” to sell. That makes it kind of unique.