News Articles

Created: 2011-12-02 11:33:12
After many years of offering a general Real Estate service to the people in Sharbot Lake and surrounding area, Lake District Realty chose to become a specialized company, a ‘boutique’ company if you will, The Waterfront Company™; we list and market waterfront properties in the Land O’ Lakes region. By making this adjustment it has allowed us to broaden our coverage of the area lakes, focus our marketing, keep up-to-date with the market and provide professional advice to clients & customers looking to sell or buy waterfront properties. We chose not to list or sell waterfront properties in the winter, there are no advantages to Sellers or Buyers!

One of the key elements when purchasing a waterfront property is – the waterfront! Quality of shoreline is the key feature of a waterfront property; the quality of waterfront plays a big role on the value and the functionality of the property. Is it deep? Is it weedy? Is there a sandy beach? The months where the lakes are frozen leave the Buyers guessing at what they may be purchasing. Cottages are very beautiful in the winter and offer lots of fun winter activities and, is a great way to build family memories. But when buying a cottage most of us perceive that experience as standing on the dock watching the sun glisten off the water, paddling or boating on the lake, seeing the loons and feeling those warm rays of the sun. With good reason, in winter, many Buyers will and should come back to view the property when the ice has left - thus leaving the property listed for the entire winter season! Have you ever heard the term ‘Stale Listing’? If a listing sits on the market for too long, it becomes what is referred to in the industry as ‘stale’; it becomes less attractive to Buyers and Agents. Questions begin to arise such as “Why has this property been sitting on the market for so long; what’s wrong with it?” Even though the reason is a logical one - waterfront properties very rarely sell in the winter. So, the end result is that Sellers obtain less than fair market value and Buyers miss out on looking at properties that would actually fit their needs!