"Trying" To Sell Lake Wedowee Real Estate

Posted at 10:13 AM, Jun. 19, 2008

by: Kelly Caldwell

Have you looked at real estate in Wedowee lately? Well, let me tell you there is a lot to choose from. I looked on www.ezmls.com today and there are more than 600 listings being advertised for sale in Wedowee. I would be willing to bet more than 95 percent of those are considered lake property in some shape, form or fashion.

It seems like everyone is "trying" to sell their lake property. Now, granted some of those listings are off-water properties in waterfront areas, but good gracious that's a lot.

"Trying" is failing with honor according to a real estate guru I met at a conference in Las Vegas last year and that is exactly what is going on here. People are trying to sell property, but the prices are so high buyers aren't looking.

This isn't the fast and furious market of three years ago when seller's could name their price and a bidding war would happen. THIS IS A BUYER'S MARKET PEOPLE!!!!! Which means, if you want to sell you have to price accordingly. Most of the properties have been listed for more than a year (some two or three) and nine times out of 10 the list price hasn't adjusted.

What does this tell me? Somebody is stubborn... Not sure if its the agent, the seller or a combination of both, but one things is for sure, someone is going to get real if they want to sell any REAL ESTATE on Lake Wedowee.

While I was on the website, I looked up sold listings. The thing that amazed me was there were only 19 properties to sell this year compared to 74 properties for the same time frame a year ago. Every day a comparable sale expires and proving the worth will continue to get harder. Banks are tightening their purse strings and appraisals are getting the fine-tooth comb treatment.

So, I am sure the buyers out there are wondering what all this means to you. Well, to be honest, this lake is yours for the taking. It is time to hook up with a great "Buyer's" agent and challenge these prices. If you are ready, willing and able you might just find a great deal.

A buyer's agent is an agent that represents YOU. She is your advocate in the transaction and will fight for you every step of the way. She will also be knowledgeable about the listings on the market as well as what has sold. She will also keep you up to date on the market conditions as they change.

One thing my mom and I are going to start is the "Leisel and Kelly Hot Properties List" which can be emailed directly to you. It will contain the properties we think are the best deals currently on the market and properties that may be worth challenging.

Click here to sign up and receive Leisel & Kelly's Hot Property List