2018 Finger Lakes Market Report – Q3

Courtesy of your Lakefront Specialists

The latest results from the Quarter 3 Lakefront Real Estate Report indicate that while it is still a sellers’ market, lakefront buyers are becoming much more selective in finding a home at the right price. Those not utilizing their lake homes couldn’t have been more thrilled with the decrease in inventory with their homes selling at 30% higher than in 2017. However, the rise in prices have shifted buyers to look at other lake markets in order stay within budget. Below our Lakefront Specialist highlight some of the trends they have seen this past quarter and what this means for those considering selling their lake home.

 2018 Finger Lakes Market Report, Quarter Three (July-September).

 

Significant increase in Average Sale Prices noted, while the overall number of lakefront homes sold has declined, YOY.

With a considerable increase in average sale prices (30%), YOY, the Finger Lakes real estate market continues to thrive as we approach November. Skaneateles Lake topped the charts with a massive 38% increase in average sale price YOY, but sold only half the number of homes as in 2017. Keuka (31%), Canandaigua (23%) and Conesus (15%) experienced noticeable increases as well and maintain their position has highly coveted regions for potential buyers.

 

A word from our Lakefront Specialists:

“Overall, listings are still selling quickly and for near asking price if they are priced properly from the beginning. According to local agents that show our properties, buyers are moving toward Seneca and Cayuga as an alternative to paying the high taxes of Canandaigua and Keuka. That is not to say that there are no buyers for these lakes, the properties on Keuka Lake this quarter sold quickly, and many of the higher priced homes sold on this lake.  The higher end market on Seneca was very slow. Nothing sold higher than $625,000 this year.  This tells us, combined with realtor input, that the buyers looking for a deal have moved to Seneca and Cayuga.  No matter what lake, the market is still solid and could remain this way if the weather continues to cooperate.  Anyone looking to sell on any of the lakes still have opportunity for a sale this year.” – Cynthia Emerling, Listing Specialist/Broker Associate

“There is a lot of activity with buyers looking on Cayuga and Seneca, realizing that these two lakes offer the best value for your money. Actual offers/sales have been slow with people taking their time in making decisions. Inventory on the Finger Lakes has been increasing, offering buyers more choices within certain price ranges. The Finger Lakes region continues to be a very sound and reliable real estate investment with appreciation growing every year.”   – Dave Lucchesi, Buyer’s Specialist

 

Timing and Selling Your Home

As noted by Emerling, seasonality has a large impact on lakefront sales. Like most markets, buyer interest in the Finger Lakes takes off in the spring, peaks late summer/early fall and drops off in the winter. As a region renowned for its favorably mild summers, aesthetic fall seasons, and then leaping into such severe winters, it makes sense that our market responds in a correlative manner.

If you are considering listing your home in the post-peak season to circumvent the stiff competition of summertime sales, we recommend utilizing the end-of-fall, beginning-of-winter timeline (October to December) before snowstorms and inclement weather sullies an out-of-state buyers perception of the Finger Lakes.

Not to mention, in terms of the Average Sale Price, the market is at all-time high today. With fewer homes on the market to compete with, and a significant increase in sale prices across the Finger Lakes, it’s a lucrative time to be a seller.

Finger Lakes Premier Properties specializes in lakefront living across the region. Our dedicated Lakefront Listing Specialists who know and understand the unique attributes of each lake’s market. Whether your home is on Canandaigua or Owasco, our Listing Specialists know your market, towns, and watersheds, and will help you understand when will be the best time to sell your home.

If you are interested in an overview of the National Real Estate Market, click here (national stats), and when you are ready to list your home, or purchase a new one, give us a call at 888-599-4810 or email Sales@FLPPlake.com.

 

 

 

Q2 market data indicates the time to sell is Now!

With a substantial increase in average sale prices across the Finger Lakes, the real estate market continues to thrive as we approach peak season.

Keuka Lake topped the charts with a whopping 44% increase in average sale price YOY. Honeoye (16%), Canandaigua (5%) and Cayuga (4%) experienced noticeable increases as well.

One likely cause for the increase on the smaller markets like Honeoye Lake could involve the actions of local government. Those familiar with the area understand the issues Honeoye has had with its waterfront – yup, the dreaded blue algae. To combat the issue, local governments have funded efforts to construct man-made vernal pools around the lake, absorbing the excess of nutrients before the sediment reaches Honeoye. These actions provide hope to prospective homeowners looking for the lake lifestyle at a smaller price tag than the larger lakes in the region.

 

                                     2018 Finger Lakes Market Report, Quarter Two (April-June)

 

Sale prices up, DOM down… but this ideal sales window may be fleeting.

As an on-the-fence seller, you may be thinking, “Why should I sell now?” As average sale prices continue to rise and the average days on market continues to fall, it’s tempting to wait and see how ‘hot’ the market can get.

However, with mortgage rates expected to rise significantly at the end of Q3 (October), the current volume of interested buyers may shrink.

Seasonality also plays an important role. Like most markets, buyer interest in the Finger Lakes takes off in the spring, peaks late summer/early fall and drops off in the winter. As a region renowned for its favorably mild summers, aesthetic fall seasons, and then leaping into such severe winters, it makes sense that our market responds in a correlative manner.

Bottom line: if you are not prepared to sell, hold on to your asset. Finish those home repairs/updates to maximize your property value. The value of your lakefront home will not depreciate. But if you have contemplated selling, it is important that you recognize the advantages of listing now.

 

 

A Word from our Lakefront Specialists:

“The market continues to be strong for anyone selling between the prices of $200 – $600K. The upper end buyers are just entering the market now and we are beginning to see activity on those homes as well. Very strong market overall for anyone even considering selling their lakefront home.”

Cynthia Emerling                                                             Listing Specialist / Broker Associate                                  Finger Lakes Premier Properties

 

“The buyer’s market is strong with many interested buyers from out of state, most notably from Pennsylvania, New Jersey, and California. The Finger Lakes Region is exploding with tourism. The growing wine and beer industry is bringing the region to the pinnacle of personal and investment opportunities.”

David Lucchesi                                                                Buyer’s Specialist                                                                  Finger Lakes Premier Properties

 

Finger Lakes Premier Properties is positioned with Lakefront Listing Specialists who know and understand the differences in each lake’s market. Whether your home is on Canandaigua or all the way over on Owasco, our Listing Specialists know your market, towns, and watersheds, and will help you understand when the best time to list your home will be.

When you are ready to list your home, or purchase a new one, give us a call at 888-847-9331 or email Sales@FLPPlake.com.

Hot Seller’s Market in the Finger Lakes!

It doesn’t take a senior statistician to identify a hot seller’s market in the Finger Lakes.

The first quarter showed ideal conditions for lakefront homeowners looking to sell their home this year. Between the increase in total sales volume, average sale price, and overall quantity of lakefront homes sold, this is a seller’s utopia.

Complete 2018 Lakefront Sales Report: Quarter One

In addition, the reduction in the average days spent on the market demonstrates the high demand of buyers looking for waterfront homes. With mortgage rates expected to rise significantly in Q3 and Q4, the manifestation of what realtors refer to as ‘buyer’s panic,’ where potential buyers fear they will be priced out if they don’t purchase a home soon, may be a causal agent in this noteworthy decline.

In effect, the Finger Lakes is starting to see pocket listings, where agents tell their friends or officemates about a listing so it can be sold without ever hitting the general market. This strategy has worked exceptionally in Q1 as we’ve seen the Days on Market average plummet from 160 days last year to 102 days in 2018.

In terms of surprising dips in market success, Seneca Lake requires some examination. This dip is unexpected as a continuous rise in sales for Q1 has been reported on Seneca the last couple of years, peaking last year with a 160% increase in overall inventory sold. However, this year only 5 homes have sold as there are only 8 active listings currently on the entire lakefront. The shortage of inventory is so prominent, we’ve had to redirect buyer inquiries, specifically for Seneca Lake, to other lakeside homes. In other words, if you’re an ‘on-the-fence’ homeowner on Seneca Lake, now is the time to list as high buyer demand and low inventory foster a dormant seller’s market.

Finger Lakes Premier Properties is positioned with Lakefront Listing Specialists who know and understand the differences in each lake’s market. Whether your home is on Canandaigua or over on Owasco, our Listing Specialists know your market, towns, and watersheds, and will help you understand when the best time to list your home will be.

If you are interested in an overview of the National Real Estate Market, click here, and when you are ready to list your home, or purchase a new one, give us a call at 888-599-4810 or email Sales@FLPPlake.com.

 

Home Staging: The Art of Dressing a House for Success

Last week we posted the article, Maximizing Your Property’s Potential with 3 Simple Steps (insert bitlink for Facebook) which gave specific examples of what to clean and repair to ready your home for sale. If you haven’t read the previous editorial, we highly recommend viewing this piece beforehand as it segues into the home staging process.

Unlike hardcore cleaning and maintenance projects which act as a direct reflection of the home, home staging is about illusions. It’s how David Blaine would sell a house. Staging is an art form that makes your house look bigger, brighter, cleaner, warmer, more inviting and, best of all, makes home buyers want to buy it. Immediately!

 

Essentials for Professional Home Staging

Professional stagers are highly skilled artists. They possess the skills of a top-level designer and can create a theatrical backdrop that entreats all five senses.

But before getting into the coordination of specific rooms, here are some of the simplest ways you can begin staging today:

Arrange scattered pieces of furniture in an appealing grouping (known as a vignette).

Showcase a lavish usage of soft fabrics such as silk, lamb’s wool, and satin.

Display unusual knickknacks in units of 1, 3 or 5 (more on odd-number pairings below).

Drape window casings with simple lines.

Add distinctive elements to shelving, bookcases and fireplace mantels, which draw attention to prearranged areas.

At Finger Lakes Premier Properties, our staff of trained professionals follow a strict system of procedures and inspections to ensure that each property is prepared for rent or sale. Instead of describing to you the techniques for proper home staging, check out some of our examples below!

 

Staging Techniques at FLPP:

FLPP Vacation Rental: Hidden Treasure 

It’s pretty simple: Abide by the rule of threes. Things arranged in odd numbers are more appealing, memorable, and prevalent than even-numbered groupings. Three, in general, seems to be the magic number, but 5, 7, or 9 work nicely as well.

 

Active FLPP Real Estate Listing: 59 Brook Hollow Drive

Active FLPP Real Estate Listing: 59 Brook Hollow Drive

Use what you have: If you have a game room, set it up and make it appealing. Kitchen? Setup a lovely dining area. Not only does this emphasize a family atmosphere paramount for winning over a buyer’s sentiments, it can help distract viewers from less attractive amenities.

 

The Kitchen: Heart of the Home

Without staging, your home will probably remain on the market for many months, particularly for the kitchen, what professional stagers refer to as the “heart of the home.”

Here are a few tips to really make your kitchen space sparkle:

Apply orange oil to cabinets, renewing them to their original luster.

Arrange colorful and fun cookbooks on the countertops.

As mentioned in the prior section, elegantly style the table as if dinner was on the way.

Put out live plants or large bowls of fruit such as polished apples or oranges.

Active FLPP Real Estate Listing: 170 W Bayard

 

An Overlooked ‘Make or Break:’ The Bathroom

Yup. Everyone knows what transpires here on a daily basis… but how well you can cloak the acknowledged use of this room can make or break the buyer’s perception of the home. In short, bathrooms should look open, airy and delightful. Obviously, a deep clean is the first step for any bathroom as mentioned in our previous blog, but after that, you’ll want to use some serious dressing techniques to enhance the illusion.

One of the leading tricks is to add baskets filled with spa treatments such as:

Towels, tied with ribbons.

Scented soaps.

Creamy lotions.

Lavish bath rugs.

Moisturizing & facial jars.

Create a theme: A beach theme is a common hit for a bathroom, but make sure to think creatively to avoid something that’s just run-of-the-mill.

FLPP Vacation Rental: Five Gates 

 

How Much Does a Hired Hand Cost?

We get it, there is a lot in terms of preparation. For families with full-time jobs and kids, the research, strategizing, shopping, and application may not be feasible.

If you’re looking to outsource, prices vary depending on where you live and the local demand for professional home staging. Lakefront and coastal areas where home staging has been prevalent for years commands a higher price point; fees generally range from $500 to $5,000 or more, depending on square footage and the number of rooms.

Instead of outsourcing, we would recommend listing with a Real Estate team like Finger Lakes Premier Properties (FLPP). When you agree to list with our team of lakefront sales specialists, we will stage your home FOR FREE.

And not only will FLPP help revamp your home for sale, every remodeling effort is carefully prepared through the lens of a prospective buyer; this is the perk of utilizing an all-in-one company.

 

In 2017, FLPP flattened the industry average of days listed on market by 80%. To make ensure all our client’s needs are consistently met in this fashion, FLPP has recently brought on a Marketing Real Estate Coordinator. The resource will help the real estate team capture new homes with aerial footage and apply 3D virtual technology, getting more people to tour homes and sell faster.

To learn more about our property management services, visit FLPP’s webpage here

If you’re already past that step and ready to roll, contact our real estate team today at (844) 277-5709 ext 2.

 

Maximizing Your Property’s Potential with 3 Simple Steps

Every seller wants their home to sell quickly and for top dollar but believe a professional overhaul is needed to maximize their listing price. Because of this uncertainty, sellers often feel overwhelmed and don’t do anything before listing their home.

Spoiler: You don’t need a comprehensive overhaul… instead, its careful preparation and regular upkeep that sends home buyers scurrying for their checkbooks. Without further ado, here are the steps to prepare that irresistible, and highly marketable home:

 

1a) Dissociate Yourself with the Home

First and foremost, you have to distance yourself from the house. Yes, learning how to let go is difficult, but in order to capitalize on the most possible gains, you must say to yourself, “This is not my home; it is a house – a product to be sold no differently than a bushel of apples.”

 

1b) Objectify

The first step in disassociating yourself is to pack up those personal photographs and family heirlooms. You want buyers to imagine their own photos and mementos on the walls. The heart of the buy is constructed in the buyer’s mind, but these personal sentiments will not emerge if your personal belongings are sprawled all over the home. Simply put, you don’t want the mind of buyers to linger on who was living there; you want buyers to say, “I can see myself living here.”

 

2a) Minor Repairs

In some seller’s markets, you can sell a home in its current state without much objection. In normal markets or buyer’s markets, repairs can win or lose a sale.

So let’s looks at the essentials:

Replace cracked floor or counter tiles.

Patch holes in the walls.

Fix leaky faucets.

Amend jarring kitchen drawers.

Replace burned-out light bulbs.

Consider painting your walls neutral colors (You’re looking to attract the masses, not the exotic).

 

2b) Housekeeping

Cleaning your home should go beyond the usual weekly or day-to-day cleaning job. Like the maintenance work, this could take all day to complete so allocate your time appropriately. Consider doing a deep clean of each room including:

Wash windows inside and out.

Vacuum daily.

Wax floors.

Dust furniture, ceiling fan blades and light fixtures.

Bleach dingy grout.

Remove cobwebs.

Re-caulk showers, sinks, and tubs.

Polish chrome mirrors and faucets.

Clean out the refrigerator.

Replace worn rugs.

Hang up fresh towels.

Rent a pressure washer and spray down sidewalks and exterior.

Bathroom towels look marvelous affixed with ribbon and bows.

Click here to view our professional housekeeping checklist!

 

3a) Don’t Assume Anywhere is Sacred

Buyers are… let’s say, curious. They will open closet and cabinet doors to examine every crack and crevice they’re drawn to. Think of the message it sends if miscellaneous supplies and are jam-packed in storage closets, cupboards, sheds, and garages; the buyer will instantly lose faith in you as an owner, and perhaps the home altogether. This is a huge commitment on their part. You need to be just as vigilant in preparing the home as they are with examining it.

 

3b) Input Equals Output

Even if you’re not a neat person, create the illusion: alphabetize spice jars, turn coffee cup handles the same way, hang shirts together (buttoned and facing the same direction), and line up shoes. This may sound extra and unnecessary, but buyer’s (and all human beings) cannot help but pick up on their immediate surroundings. Remember, the financially-sound Zestimate only gets them in the door, the image you create makes the buy.

 

We Get It, You Have a Life

If you work a full-time job or have similar daily obligations, tackling some of the easier projects on your own and outsourcing the rest to a company with maintenance and housekeeping packages may be worth the investment. In particular, consider a real estate company like Finger Lakes Premier Properties (FLPP) that not only have full-time maintenance and housekeeping staff to suit client’s needs any time of year. Not only will FLPP help revamp your home, every remodeling effort is carefully prepared through the lens of a prospective buyer; this is the perk of utilizing an all-in-one company.

 

Once again, if you’re feeling ambitious and want to tackle these projects on your own, hit up a couple YouTube videos and have at it! But if you need a little help, consider outsourcing some of the more tedious tasks to a specialist like FLPP.

To learn more about our property management services, visit FLPP’s webpage here

If you’re already past that step and ready to roll, contact our real estate team today at (844) 277-5709.

 

Climbing Mortgage Rates DO NOT Lead to Falling Home Prices

If you’ve been following the general housing market through media unspecialized in Real Estate, you’ve probably been cued to the concerns of rising mortgage rates. Obviously, at first glance, a ghastly outlook fits the bill. But statistics do not support these gut instincts, and an examination of the housing market over the last twenty years shows a different story for sellers and buyers alike.

While a rise in rates means a cut in the demand for homes, there is an associated cut in the supply of homes from the link between the selling and buying decisions. As both supply and demand move collectively in this way, they have counterbalancing effects on price – lower demand decreases price and lower supply increases price.

Freddie Mac, a government-sponsored enterprise specialized in secondary markets for mortgages, also recognizes the general public’s confusion regarding mortgage rates in their 2018 market overview:

“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

Considering the current strength of the market, fused with the history we have on climbing mortgage rates unhampering market success, the aroma of sale is in the air.

And whether you are a move-up buyer or first-timer, the water is warm.

Jump In.

For a free marketing assessment of your home,
Call (877) 549-3702!

 

Lack of Inventory Pushing Listing Prices Higher, Says CoreLogic’s Chief Economist

Great news sellers.

As indicated by CoreLogic’s Chief Economist, Dr. Frank Nothaft, home prices have appreciated by nearly 7% year-over-year from December 2016 to December 2017. (CoreLogic Home Price Index).

This marks the fifth month in a row with at least a 6.9% upsurge, says Nothaft, who provides insight to the substantial increase:

“The number of homes for sale has remained very low. Job growth lowered the unemployment rate to 4.1 percent by year’s end, the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective homebuyers. The net result of rising demand and limited for-sale inventory is a continued appreciation in home prices.”

This is a thrilling update for owners who have gained nearly $15,000 in equity, on average, for their homes over the last year (CoreLogic equity statistics). Owners on the fence whether or not to sell will be delighted to see that they will have loftier profit margins to support a down payment on their dream home.

On the flip side, as we near the busy spring season for Finger Lakes real estate, there is still confidence for buyers as mortgage rates remain low compared to recent periods. The study also predicts that home price appreciation will slow slightly, rising by 4.3% by this time next year.

So the bottom line: If you are looking to enter the housing market, as either a buyer or a seller, schedule a meeting with a local real estate agency like Finger Lakes Premier Properties who can explain exactly what’s going on in your neighborhood and discuss your options… today!

Finger Lakes Premier Properties (FLPP) has the largest selection of Finger Lakes vacation rentals and lakefront homes for sale in the region. Our properties are all waterfront homes and range from cozy cottages and cabins to luxury vacation homes for sale and rent.

In 2017, FLPP flattened the industry average of days listed on market by 80%. To make ensure all our client’s needs are consistently met in this fashion, FLPP has recently brought on a Marketing Real Estate Coordinator. The resource will help the real estate team capture new homes with aerial footage and apply 3D virtual technology, getting more people to tour homes and sell faster.

The resources are here, the market is your oyster. What are you waiting for?

 

Finger Lakes Real Estate Team Flattens Average Days on Market by 80% in 2017

The 2017 Finger Lakes Yearly Real Estate report has shown great promise for the clients of Finger Lakes Premier Properties.

Just look at the industry average listing days on market versus FLPP’s:

Average: 86 days — FLPP: 18 days — That’s 80% quicker than the market average!

“It looks like 2017 was quite a year. While many of the lakefronts saw a decrease in the number of homes sold, looking at days on the market can tell us the complete story.”

– Cynthia Emerling, Real Estate Sales Manager at Finger Lakes Premier Properties

2017 YOY Real Estate Report across the FLX

 

Indeed, while the overall lakefront homes sold has decreased across the FLX, FLPP’s service and efficiency for its clients, has not.

 

To Emerling, this is much more important than the overall amount of homes sold:

“The client is our first priority. The listings will come as the market shifts, but without satisfied clients, we won’t acquire new ones when that hot time hits.”

Coupled with 100% Customer Satisfaction recorded the previous year, the FLPP team is quite pleased with how their customer relations efforts have aligned with the industries emphasis on client satisfaction.

 

Emerling also explains the ostensibly negative sales statistics as instead, missed opportunity:

“The market is not down because of disinterested buyers, it is down because there are not enough homeowners wanting to sell this year. In the process, owners are seeing the full price or more on offers coming in on their homes,” Emerling Concludes.

 

So while the smaller market may be a potential downside to real estate companies in terms of overall listings, it is a huge advantage for owners that do decide to sell.

For more data on why you should list your home now, visit our listings blog here

 

In addition, to make sure all client’s needs are met, FLPP has recently brought on a Marketing Real Estate Coordinator. The resource will help the real estate team capture new homes with aerial footage and apply 3D virtual technology, getting more people to tour homes and sell faster.

The resources are here, the market is your oyster. What are you waiting for?

To speak with our real estate department today, call now at   (877) 934-2845
Or click here
 to visit our real estate page!

 

 

Best time to sell a lakefront home?

 

Winter, statistics say.

Everybody knows that winter is the dead zone for real estate, right? At least that’s the commonly held belief. However, national statistical studies propose that’s not the case.

According to Redfin, real estate database and brokerage company, which closely examines home listings, time-on-market and sale price data from 2010 to the current market, winter can be a surprisingly profitable time to list, shop, negotiate and buy.

The studies established that if owners want to sell for more than the asking price, listing in December, January, February and March gives you a better chance, on average, than if you list any time from June through November – the so-called ‘peak selling season.’

Not convinced? Just take a peek at the data gathered by Redfin during the first few years of the study (view the full article by Redfin here)

 

Season Likelihood of Selling within 6 Months Average Sale-to-List Price Ratio Average Days on Market
Winter
(Dec. 21 – March 21)
65% -2.3% 26
Average of Non-Winter Seasons 56% -3.5% 33
Spring
(March 22 – June 21)
56% -3.5% 32
Summer
(June 22 – Sept. 20)
55% -3.6% 32
Fall
(Sept. 21 – Dec. 20)
57% -3.5% 34

 

Graphic Provided by Christin Camacho at Redfin

The years of data collected by Redfin directly opposes the widespread sentiment that selling a house during the winter months is more challenging. In fact, the opposite trend can be seen with a near 10% greater likelihood of a quick sell, 1.2% greater Sale-to-List Ratio, and less days averaged on the market.

Now, some New Yorkers might reject this data, citing the harsh seasonal climate as a deterrent for buyers. However, the benefit of selling a home in winter holds just as true for those with unforgiving winters (cough cough, the Finger Lakes of NY State). In each of the 19 markets analyzed in Redfin’s report, including Boston, Chicago and New York, home sellers were better off listing their homes in the winter than during any other season.

Look, you have to consider the market. Since personal sentiments shape individuals perceptions, some sellers pull their unsold houses off the market during the winter, hoping for better results in the spring. By doing so, they leave a smaller inventory of active listings — diminishing the competition amongst sellers who list in January and February.

When it comes down to brass tax, real estate does not hibernate from December to April. An upwards of 5 million homes are resold annually in the U.S., and many of them are listed and sold during the winter months with ease due to the perception of a poor winter market… in turn, this perception and trendiness of listing during the green season has decreased the amount of listings and competition to the point where the winter market has proven statistical superiority in all three major areas of real estate: Selling within six months, Sale-to-List Price Ratio, and average days spent on the market.

Hmm… looks like winter is warmer for real estate than you might think.

Logically, as the next step, we would recommend listing with us at Finger Lakes Premier Properties (FLPP); our specialty of lakeside real estate is unmatched in the Finger Lakes. In fact, one of FLPP’s central focus areas this past year was to reduce the amount of days listings spent on market. FLPP achieved this goal, slashing the Average Days Spent on Market by 30% from 2016-2017.

If you are interested in more information on listing or buying a lakefront home, please contact us at 844-832-1294, or email us at sales@FLPPlake.com.

 

Real Estate Success Converts to a New Vacation Rental

By: Zakary Klick

Penn Yan, NY – A local property recently sold by the Finger Lakes Premier Properties (FLPP) Real Estate department will be re-entering the market as a Vacation Rental this summer.

FLPP was able to list, market and sell this striking Seneca Lake home, their second sale this year on Shingle Point Road. The new homeowners of this lakeside cottage have worked with FLPP with purchasing and now listing the home as a vacation rental.

The twofold package of offering vacation rental management and real estate sales to potential buyers has become an obvious partnership for many investment buyers in the Finger Lakes.

In fact, after the transaction this past fall, FLPP employees have been working full tilt to ready the property for this summer’s peak season – obtaining quality photos and drone footage, producing a virtual tour, and priming the maintenance and housekeeping staff for the new addition. The company is happy to share that the property can now be viewed on YouTube via drone, virtually toured here, and reserved on their webpage here.

Cynthia Emerling, the Real Estate Sales Manager credited with the Shingle Point property sale, has been a licensed Associate Broker since 1993. She started with Finger Lakes Premier Properties in 2012, and has brought her passion for quality service with her. The department received 100% satisfaction ratings from their clients and customers in 2016, and has been working to ensure that same repute can be delivered as they reach the end of the 2017 marking period.

If you are interested in more information on owning a lakefront home for personal use or as an investment, contact FLPP at 888-599-4810, or email them at sales@FLPPlake.com.