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still_lynnski

Selling lakefront to widest market

still_lynnski
9 years ago

We have a 1600 square foot home on a private lakefront property in southern New England. The house is well-maintained, and the lake is beautiful. It's a small (~ mile) lake with a horsepower limit, so no jet skis or speedboats. Canoes, kayaks, and pontoon boats, ducks, eagles, herons. Good fishing (catch and release), lots of large-mouthed bass. Quiet and picturesque.

The town we are in has a lousy reputation. Schools are poor, and the downtown is unsavory. That said, there is a good hospital, an excellent supermarket, and other big box stores within 15 minutes. But the town itself is pretty trashy.

When we're ready to sell (summer of 2015 or 2016), what are the chances that we could sell to a much larger market than the local area? How would we prepare to sell to a large, not-necessarily local market?

Folks on the lake do NOT live here for the schools. Most houses on the lake are occupied year-round. A handful are weekend homes for people within an hour or two's drive. We are 2 hours from Boston, 3 hours from NYC, 20 minutes from the Massachusetts Turnpike. You have to drive 30-60 minutes to get an excellent restaurant meal or fancy coffee drink.

The town we're in means that estimated real estate prices are quite low. And there are very few waterfront homes for comps. My question is this: What can we do to plan and position ourselves to sell at the best (for us) price to a not-necessarily local buyer? We will want to sell within the next couple of years.

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