Summer Season Is Over! Let The Fall Little Lakes Deals Begin!
Real Estate on the Little Lakes of the Finger Lakes have been very intriguing this summer. In late spring, inventory increased dramatically. This relatively large inventory combined with this ongoing sluggish economy pushed prices downward. Right now, you can find 13 properties UNDER $200K on Conesus Lake and 12 under 200K on Honeoye Lake!! Every Realtor will always say "Now is a great time to buy." You have to admit, with those price points and the Real Estate "off season" approaching, this seems to be very true.
It would be certainly understandable to find many sellers testing the market to see what kind of interest they could find, if they desired to simply liquidate an asset. However I am finding that many homes for sale are the result of financial necessity. In many of these situations, the property needs to be sold and all offers are considered. However if these don't sell before winter arrives many will be taken off the market until next spring and possibly re-marketed then. At that time, who knows what the market conditions will be?
For those seriously interested in a Lake Property investment, now does seem to be clearly a great time to buy. Most Realtors will be working very hard to bring in any offers on these properties before they expire off the market and/or their sellers get into deeper financial despair maintaining the property and potentially assuming another years worth of taxes. This autumn, all the sales cliches apply: Better "Act Now" before it's too late - Never been a better time to buy - All offers considered...