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Don't Forget to Turn Off your Water

by Jay Hufnagel
I’ve been praying for rain and higher water levels. Maybe I should have been more specific. I should have added the location of where we needed the water.
 
Who would of thought that a little $3.00 pipe on the back of our upstairs toilet could cause the type of damage we experienced over the 4th of July weekend. What was planned to be a beautiful escape to our lake cabin turned out to be a nightmare when we got home.
 
My brother Andy and I stayed at the lake on Monday to golf at the Chickasaw Point Trails Golf Course. On the 5th hole, after hitting the best tee shot of my life, my cell phone rang. It was my wife Chris, out of breath, asking “how do you shut the water off”. She had just opened the door of our home back in Georgia and found that water and ceiling material was falling from everywhere. After a couple failed attempts to direct her to the water shut off, she called the fire department, and they eventually arrived and shut off the water and electricity.
 
Now, it’s a couple weeks later. We’ve had to move out of our home, most of the rooms in our house have been demolished, dryers are still running where tile had to be pulled up, and the prospects of moving back in is probably three months out.
 
Thank God for Orlando and Nelson Ojeda from Full Circle Restoration. They came in and provided a complete restoration plan that will have us back to normal (whatever that is) in a short amount of time. 
 
So why am I telling you all this? Many of my loyal blog readers have similar life styles that we do. You work all week and then escape to your lake, mountain home or maybe the relatives. Here’s a suggestion that could save you thousands …… “turn off the water before you leave”. After talking to people that have experienced similar catastrophes, it’s surprising how many homeowners turn off their water (at the street) before they leave for extended periods of time. I wish we would have, and you can bet “we will in the future”.
 
“Nobody’s buying lake property, the lake level is at record lows, the economy is terrible and will get worst, lending guidelines are too tight, we’re not at the bottom yet” …. these, and other statements, we’re hearing everyday. But, as you can see below, not everyone is listening. There are still deals to be had. Buyers are few and far between, but those that are realizing their dream of owning their own “little slice of heaven” are doing so at great prices.
 
Here are statistics of the Second Quarter and Year-to-date “waterfront” activity on Lake Lanier. This list does not include condos and townhouses. (source: FMLS and does not include FSBO and non FMLS listings):
 
                                                                           2nd Quarter         Yr-to-Date
 
Homes Sold                                                              29                       55  
                                        
            Average Days on the Market                         58                    81
            Average List Price                                      $599,170       $666,147  
            Average Sale Price                                       555,434         603,416  
            Sale vs. List Price                                             92.7%              90.5%
 
            Current Active Listings                                               428                
            Current Homes Pending (under contract)                13
 
Waterfront Lots Sold                                                 1                       2
 
            Average Days on the Market –                         24                    101
            Average List Price –                                    $450,000         $350,000
            Average Sale Price -                                      425,000          312,500
            Sale vs. List Price –                                          94.4%              89.3%
 
            Current Active Listings -                                               217
            Current Lots Pending (under contract) -                       0
 
  
 
If you’d like to receive an actual list of the homes/lots that have sold, please email Jay Hufnagel, Keller Williams Realty, Lake and Home Group, at sayjay@bellsouth.net.
 
The time to buy lake property is now ….”they’re not making any more of it”.   
 
By: Jay Hufnagel, 770-757-2799, just “Say Jay” for Real Estate
When you hear someone say “nobody’s buying lake property” that’s not quite true. As you can see by the figures below, there are still deals to be had. Buyers are few and far between, but those that are realizing their dream of owning their own “little slice of heaven” are doing so at great prices.
 
Here are statistics of the Second Quarter and Year-to-date “waterfront” activity on Lake Hartwell. Does not include condos or townhomes. (source: SC Western Upstate MLS and does not include FSBO and non Upstate MLS listings):
 
                                                                                 2nd Quarter        YTD
 
Homes Sold                                                                20                   35
  
            Average Days on the Market                       125                  125
            Average List Price                                      $500,350       $476,362  
            Average Sale Price                                      457,841         443,237  
            Sale vs. List Price                                          91.5%              93.1%
 
            Current Active Listings                                               322                
            Current Homes Pending (under contract) -             7
 
Waterfront Lots Sold *                                               8                     19
            Average Days on the Market                        146                  159
            Average List Price                                       $215,850         $264,984
            Average Sale Price                                       199,937          239,236
            Sale vs. List Price                                           92.6%              90.1%
 
            Current Active Listings                                                240
            Current Lots Pending (under contract)                       0
 
   * - one high priced multiple lot sale is excluded
 
If you’d like to receive an actual list of the homes/lots that have sold, please email Jay Hufnagel, Keller Williams Realty, at sayjay@bellsouth.net.
 
The time to buy lake property is now ….”they’re not making any more of it”.   
 

Displaying blog entries 1-3 of 3

Contact Information

Lake and Home Group
Keller Williams Realty
4878 Manhattan Dr.
Buford GA 30518
GA: 770-757-2799
SC: 864-287-7530
Fax: 770-504-5509