Tuesday, August 21, 2012

4 Tips for Buying a Deep Creek Lake Home this Fall

As summer comes to a close on Deep Creek Lake, our team of Deep Creek Lake Real Estate agents here at Coldwell Banker Deep Creek Realty is looking forward to what the fall has to offer.  While many vacation spots around the country tend to peak in the summer months, Deep Creek Lake is unique in that it offers year round appeal.

During the cooler fall days, residents and vacationers alike enjoy hiking in the crisp fall air, taking scenic drives to view the vibrant colors of the changing leaves, local festivities and much more!  In fact, buying a home in the fall on Deep Creek Lake is an ideal time as you can look forward to being settled in front of a cozy fireplace with stunning views of Deep Creek Lake just out your window.

If you are interested in buying a second home or permanent residence on Deep Creek Lake this fall; we gathered up four tips that can help the home buying process run smoothly and quickly.  You’ll be enjoying your Deep Creek Lake home just in time for the beautiful fall season!

1.  Make a Strategic Offer and Save Cash at Closing- Shaping a solid offer in the fall requires some skill. While sellers may be more willing to respond to lower offers, you don't want to completely turn them off with bids way below their asking prices. Your Deep Creek Lake Real Estate agent will help you make an offer and navigate the tricky negotiating process to get a great deal.

Once your offer has been accepted, you can save even more cash at closing by asking your lender about seller concessions. Also called seller contributions, this is an agreement in which the seller pays part or all of your closing costs. Seller concessions typically range from 2 to 9 percent of the purchase price; the specific amount your seller can contribute depends on what type of loan you get and how much you borrow from the lender.

2.  Look for Fall Maintenance Issues- Shopping for a home in the fall gives you the opportunity to look for red flags that may not be noticeable during other seasons. For instance, when touring a Deep Creek Lake home, take a look at its gutters and downspouts. If they're overflowing with leaves, you know the seller hasn't taken the time to clean them. If they're not keeping up with their gutters, what other home maintenance items have they overlooked?

3.  Explore New Construction- If you're looking for a bargain on a brand-new home, house hunting during the fall is the way to go. Builders usually start discounting their inventory or offering incentives around September to sell as many homes as possible before the end of the year. When spring rolls around, prices on these homes go back up as demand rises, so take advantage of them while you can.

4.  Find Motivated Sellers- While some Deep Creek Lake sellers are just testing the market, others are on a deadline to close a deal before the holidays. If you're looking for a bargain, you definitely want to work with homeowners who need to sell fast, as they may be willing to come down in price to make a quick sale. Your Deep Creek Lake Real Estate agent can find these motivated sellers, by looking for homes that have been on the market for a long time or have had price reductions.

Now is a great time to begin your Deep Creek Lake home search as you consider jumping ahead of other fall buyers.  We would be happy to talk with you to discuss your real estate needs and can show you some of the stunning homes currently on the Deep Creek Lake Real Estate market.  There are a wide variety of homes and price points from which to choose so you’re sure to find one that fits your needs exactly!

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

2 comments:

  1. Wow! That house is really cool and very relaxing, living in this kind of place is too much amazing. How I wish I can buy a house in that kind of location. I am thankful for sharing those tips, we may use it if ever we will buy that kind of house here. Hope there's a kind of houses for sale here in the Philippines.

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  2. I am agree with Kirstz that this house is very cool and relaxing. I wish I can live there, I am also glad to know those tips before buying this kind of house. Thanks, it's really helpful.

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