Best Time To Buy

Posted at 1:47 PM, Mar. 2, 2008

by...Leisel Caldwell

Prospective buyers ask me all the time, "When is the best time of the year to buy a home on Lake Wedowee?" The answer becomes obvious when considering supply and demand. A limited number of lake-front properties are available or will ever become available. Of those for sale and an even more limited number meet the needs of the prospective buyer. When is the right time to buy? As soon as you find the home you desire. The one that fits your lifestyle may come along only once in a lifetime

The Media's focus on nation-wide foreclosure rates and tightening mortgage requirements has lead to some prospective buyers hesitancy to buy because of what they refer to as "current market conditions." Some are less confident in their ability to get financing on second homes and lake lots. Contrary to common perception, many buyers are enjoying better mortgage options and rates than ever before, and they have more properties to choose from. The national downturn and the hesitancy for some prospective buyers, presents a perfect buying opportunity for smart investors.

Lower pool offers buyers greater insight

While some buyers may complain about low lake levels, it is really good to see lake homes and lots when the lake is down. It provides buyers with an unrestricted view of the property and the lay of the lake. Is a dock placed far enough out in the water? Is a quiet and peaceful cove affected by drought? Is the new beach, revealed by the low water level, gently sloped, perfect for children? How does the lake front compare community by community? Observing property at lower water levels provides purchasers with an exceptional opportunity to see what is otherwise easily overlooked in a quick tour of the lake and home.

I cannot remember a better time to buy real estate on Lake Wedowee, taking advantage of choice, opportunity,and special insight, during this prime real estate buying time. If you are currently looking for Lake Wedowee real estate please give Kelly or me a call. We will work very hard to find you the perfect lake front property.