Why Now Is the Right Time to Sell Your Vacant Land Near the Lake: A Guide for Landowners

Are you the owner of a vacant land lot near a lake that you’ve been holding on to for years? If so, you might be wondering whether now is the right time to sell. With the current state of the real estate market and increasing demand for lakefront properties, the answer is a resounding “yes!”

Here are a few reasons why you should consider selling your vacant land lot near the lake now, and why you should contact Peake Real Estate Investors to help you do just that:

  1. High Demand for Lakefront Properties

With the pandemic forcing many people to work remotely, the demand for lakefront properties has surged. Many people are looking for a change of scenery and a place to escape to, and lakefront properties offer just that. By selling your vacant land lot now, you can take advantage of the high demand and potentially fetch a higher price than you would have a few years ago.

  1. Limited Supply of Lakefront Properties

While the demand for lakefront properties is high, the supply is limited. There are only so many lakefront properties available, which makes them highly sought after. By selling your vacant land lot near the lake now, you can take advantage of the limited supply and potentially attract more interested buyers.

  1. Low Interest Rates

The current real estate market is experiencing historically low interest rates, which means that more people can afford to buy properties. This is great news for landowners who are looking to sell their vacant land lots near the lake, as it means that more people will be able to afford to buy them.

  1. Peake Real Estate Investors Can Help You Maximize Your Profits

If you’re ready to sell your vacant land lot near the lake, Peake Real Estate Investors can help you do just that. Our team of experienced real estate professionals can help you navigate the selling process and ensure that you get the best possible price for your property. We’ll work with you to develop a marketing strategy that targets interested buyers and showcases the unique features of your property. With our help, you can sell your vacant land lot quickly and efficiently, maximizing your profits in the process.

In conclusion, now is the right time to sell your vacant land lot near the lake. With the high demand for lakefront properties, limited supply, low interest rates, and the help of Peake Real Estate Investors, you can get the best possible price for your property and move on to your next adventure. Contact us today to learn more about how we can help you sell your vacant land lot near the lake.

5 Challenges of Owning Vacant Land Near Water: What You Need to Know

If you’re considering investing in vacant land lots, you may be drawn to the idea of owning a piece of land near water. After all, waterfront property can be highly desirable and valuable. However, owning vacant land near water comes with its own set of unique challenges and difficulties.

  1. Environmental regulations

Land near water is often subject to a range of environmental regulations that can make development and use more complicated. These regulations may include restrictions on building near water, limitations on how close to the shoreline you can build, and requirements for preserving wetlands or other sensitive ecosystems.

  1. Flooding and erosion

Vacant land near water is also vulnerable to flooding and erosion, which can be costly to manage and mitigate. Rising water levels or storm surges can damage or destroy buildings and infrastructure, while erosion can slowly eat away at the shoreline and destabilize the land.

  1. Maintenance and upkeep

Vacant land near water requires regular maintenance and upkeep to ensure it stays in good condition. This may include mowing grass, removing debris, and controlling invasive plant species. You may also need to install erosion control measures or repair damage caused by storms or flooding.

  1. Insurance costs

Insurance costs for vacant land near water can be higher than for other types of property. This is because the property is at a higher risk of flooding or other natural disasters, which can result in costly repairs or even total loss of the property.

  1. Access and utilities

Finally, vacant land near water may be more difficult to access and connect to utilities like water and electricity. This can make it more challenging to develop or use the land, and may also add to the cost of ownership.

In conclusion, while owning vacant land near water can be a desirable investment, it also comes with its own set of challenges and difficulties. Before investing in waterfront property, it’s important to consider these factors and make sure you’re prepared to manage the unique risks and responsibilities that come with owning land near water.

Consider selling your vacant lot that’s near water if you want to avoid running into these difficulties or don’t have the time to manage them any more. We at Peake Real Estate Investors are ready to make you an offer on your lot today.