Tuesday, October 25, 2011

Avoid These Mistakes When Buying a Deep Creek Lake Home!

Buying a Deep Creek Lake home, whether as a permanent residence or vacation getaway is an exciting time!  If you’ve taken the time to visit Deep Creek Lake, it probably didn’t take you long to see why so many buy homes on this beautiful Maryland lake each year.
Here at Coldwell Banker Deep Creek Realty, we are always excited to meet those who are interested in finding their ideal Deep Creek Lake home and go above and beyond to ensure they’re settled into their new home as quickly as possible.  However, we also know that it can be really easy to get swept up in the excitement of it all and, if buyers aren’t careful, mistakes can be made along the way.
The Deep Creek Lake home buying process can run smoothly, and finding a trusted Deep Creek Lake Real Estate agent should be the first step!  If you’ve been considering buying a Deep Creek Lake home, we thought we’d highlight the top eight mistakes so that you can avoid any issues. 

Mistake #1: Waiting for the market to improve or not buying at all- No one can predict precisely where the market is going, so trying to time your Deep Creek Lake home purchase with the bottom of the market is risky. All the time you spend procrastinating on purchasing a home, you could be building equity, getting tax deductions and enjoying the many other benefits of homeownership!
Mistake #2: Making an offer without contingencies- Having a back-out plan is a must for smart home buying. If the home has an irresolvable flaw, it doesn't appraise for the purchase price, or your lender refuses to fund your loan, having contingencies on your contract gives you the right to cancel the transaction.
Mistake #3: Not reading the fine print- It’s smart to have your Deep Creek Lake Real Estate agent review all your paperwork and discuss it with you so you don’t get caught off guard at closing. There are a few documents and items that are truly critical, and you can request a copy of these in advance. This gives you time to review them and ask questions before closing.
Mistake #4: Forgoing a home inspection- Even if a home appears to be in perfect condition, it's a mistake to assume that it's actually problem-free. Even brand new homes can have defects, so getting a professional inspection before making the commitment to buy is crucial. Be sure to attend the inspection so the inspector can explain any issues.
Mistake #5: Falling for love at first sight- If you don't shop around the Deep Creek Lake Real Estate market and see what else is out there, you could miss out on a good deal or potentially regret your purchase. While you don't need to visit every home in the neighborhood, you should compare at least three homes before you make a decision to ensure that you're getting the right house at the right price.
Mistake #6: Buying a house you can't afford- It seems that our nation is learning its lesson in spending more than you can afford, and it’s no different in your Deep Creek Lake permanent residence or vacation home purchase. Just because you get approved for an larger loan than you expected; doesn’t mean you should buy a home at that price. Be wise in thinking through what you can actually afford and factor in any repairs or updates you plan on making in the property.
Mistake #7: Thinking short-term- The Deep Creek Lake home you buy should be a place that feels like home to you and your family, but it's important to remember that it's also a huge investment. When shopping for a home, it pays to think about resale down the road. Search for a home that has a vast appeal, and look for features that future buyers will want, such as a great kitchen and stunning Deep Creek Lake view.
Mistake #8: Not getting pre-approved before house hunting- Before you start house hunting, narrow down your price range by getting pre-approved. Shop for a Deep Creek Lake lender or mortgage broker you can trust. The mortgage pro will review your credit, income, assets and debts, and recommend a mortgage with monthly payments that fit your budget. Not only does this let you know how much house you can afford, it also lets sellers know that you're serious about buying.
These mistakes can be easily avoided and having an experienced Deep Creek Lake Real Estate agent by your side each step of the way will help!  If you have any questions about buying a Deep Creek Lake home or are ready to begin your home search, feel free to contact us today! 
Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, October 18, 2011

Enjoy Halloween Festivities Around Deep Creek Lake!

One of the things we, as the Coldwell Banker Deep Creek Realty Team, love about living and working on Deep Creek Lake is the ideal location and year round activities.  We’re sure many of you were able to enjoy this past week’s Autumn Glory Festival here in Garrett County, but if you weren’t able to make it to this fun annual event, don’t worry!  With Halloween just around the corner, many visitors and permanent residents of Deep Creek Lake are getting their costumes ready for yet another great event.
New Germany State Park is hosting a free Autumn Jubilee Festival next Saturday, October 29 and everyone is welcome to attend!  Gather family, Deep Creek Lake neighbors and friends and enjoy a scenic drive up to New Germany State Park.  
Everyone will find this fall day trip well worth it with the variety of fun activities taking place!  From 11am to 4pm take part in a hayride, spooky haunted house, making your own corn husk dolls and much more!  Children can compete in a Halloween Costume Contest at 1pm and view a woodworking demonstration at 2pm.  Live old-fashioned Appalachian mountain music will fill the night skies from 6:30-9:30pm and is a great ending to this fun filled day. 
All events will take place at the New Germany Lake House and Recreation Hall.  You’ll also be able to purchase local food and treats from Archie’s BBQ and Lakeside Creamery.  For more information on the Autumn Jubiliee Festival, feel free to contact 301-895-5453 or park-new-germany@dnr.state.md.us
Of course there’s always plenty to do around Deep Creek Lake whether it’s taking in the beautiful fall scenery on a nature walk around the lake or hiking through the Deep Creek State Park!  Our great location helps those who enjoy the outdoors get their fill of a number of Garrett County State Parks and nearby towns.  You’ll find that whether you prefer a quiet and relaxing getaway or a fun, activity filled life; Deep Creek Lake has it all!
If you don’t yet own a home on Deep Creek Lake, but are interested in vacationing or settling in permanently to this great community, please let us know!  Our team of experienced Deep Creek Lake Real Estate agents will be happy to show you around Deep Creek Lake and help you find a home that fits your needs, budget and lifestyle!
Feel free to contact us today to get started! 


Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

Tuesday, October 4, 2011

Sell Your Deep Creek Lake Home through Curb Appeal with These 4 Tips!

Last week I talked about preparing your Deep Creek Lake home for the cooler fall weather, and I hope those tips were helpful as you enjoy this beautiful season.  But, what does it look like to get your home ready to sell?  First impressions can go a long way, so focusing on your home’s curb appeal is a great start!
While there’s a great market for those interested in buying a permanent residence or vacation home on Deep Creek Lake, you want to be sure that your home is in great condition and that you attract buyers from the moment they see your home.  Of course if you’re putting your home on the Deep Creek Lake Real Estate market this fall, you’ll want to go ahead and walk through the home fall checklist to be sure it’s move in ready for the buyer.  But what are some of the additional things you can do to make your Deep Creek Lake home stand out from amongst the competition?  Here are four simple tips!
1. Come up with a concept for your landscape- You want your Deep Creek Lake home’s landscape to be deliberate and well cared for.  Whether you have a green thumb and an eye for detail, or you would like a professional’s opinion; the difference of investing in your landscape can be the added touch that pushes your home to the forefront.  The cost can remain low if you simply add a few plants along the walkway or use mulch or stone to give a more finished look.
2. Focus on the front door- Creating a deliberate entrance to your home will give people a welcoming feel.  Make sure the entry to your home is obvious. If your Deep Creek Lake home’s main entrance is at the side of the house, use a walkway or landscaping to direct people where they need to go.  Paint the door a bright color that compliments you home’s finish and placing a welcome mat out front will set the tone of a cheery and comfortable environment. Deep Creek Lake buyers will feel that they are arriving at a special place rather than being welcomed by a unimpressive entry.
3. Deal with the driveway- This is the first thing potential buyers will see as they approach your home on Deep Creek Lake. Whether your driveway is dirt or pavement, you don’t want the focus to be on this area.  You always want to draw the attention to the home.  To do this, make sure the driveway is free of clutter or anything that does not need to be there.  Lining the driveway with shrubs or creating a walkway leading up to the house will allow the buyer to focus on what matters and not be distracted by the driveway itself.

4. Pay attention to details
- Buyers may not be able to place their finger on what sets your Deep Creek Lake home apart from the competition; but those little details in the front of your home can make all the difference.  Things like brick steps or ceramic tiles that compliment the homes color will pull the look together.  Edging the lawn and colorful potted plants also add a nice touch that will draw buyers in.  If you own a lakefront property on Deep Creek Lake, make sure your dock is in good repair and add potted plants or a bench for a more personal feel.
If you are considering selling your Deep Creek Lake home this fall and have not yet found a Deep Creek Lake Real Estate agent, let me know!  As part of the Coldwell Banker Deep Creek Lake Realty team, I can assure you our experienced real estate agents will be a huge asset when it comes to getting your Deep Creek Lake home sold.  
We would love the opportunity to talk with you about your home selling timeline and help you walk through each step of the selling process!  Please feel free to contact us today to get started!
We look forward to hearing from you!

Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert