What is an ethical advantage?
An ethical advantage involves "Knowledge" and "Experience." It is knowing what characteristics of a property to apply to gauge value, both present and future. It is about creating a partnership with an agent who is both skilled and ethical. I am going to discuss the primary attributes that should be sought out in a listing if you are looking for a second home that is ready to use and enjoy. For the investor or buyer who seeks to buy low, make upgrades, then possibly resell I will also comment on how a negative might be turned into a positive. Knowledge is also an essential tool in choosing and developing a productive trust relationship with a broker or agent. Combining knowledge and experience will give you an unfair ethical advantage over other buyers and choosing the agent or broker who is ethical, skilled, and experienced will lead to the best choice at the best price. It is an unfair advantage because most buyers won't take the time in preparation.
First, a couple facts about Lake Sinclair property. Unlike many lakes, our water level remains fairly constant. The lake normally is at its low point in the morning, then slowly rises about 18 inches throughout the day. In the middle of the night water is pumped from Lake Sinclair into Lake Oconee, dropping the level back 18 inches. The lake has 417 miles of coast line, which is daunting enough, but to actually search the coastline for properties entails driving thousands of miles. The lake itself covers 15,330 acres and is the cleanest lake in Georgia. Do not confuse clean with clarity, they are not normally related. It is the natural aspects of a lake that determine clarity, and the pollutants that affect cleanliness. There is a point where cleanliness can affect clarity, but with continued proper management and care that will not become a factor in Lake Sinclair real estate.
Water depth - Three feet of water depth will accommodate most boats used on Lake Sinclair, and should be a part of your consideration. Knowing that the lake fluctuates 18 inches each day means that we need a way to determine what the low water depth is. If you are measuring the water at the dock of a home for sale on Lake Sinclair, take a moment and look at the nearby seawalls. You can tell by the discoloration on the seawall where the high water mark is. For example: If the high water mark is 12 inches above the waterline then you can judge the low water level to be 6 inches less than the current level. Using either a tape measure or a stick check the water depth. In our example, if the water depth was 4 feet, we would subtract 6 inches and know that at low water this property has 3 1/2 feet of boatable water. Many agents when listing property simply ask the owner what the water depth is, and owners, obviously wanting to sell their property, sometimes tend to give the depth at high water or an average. Remember 3 feet at low water means it is boatable anytime of day. On the other hand, if you are buying for personal use and know you will only be using a pontoon or small fishing boat, a little less depth may mean paying a lot less to get what you need. Investors should also look at these low water properties because if they are good dredging candidates, the value can be increased dramatically. Determining whether the property is a good candidate involves many factors, and I will be happy to assist in this determination.
Levelness - All usable lots slope to the lake, but the degree of slope affects value. For example, I used to tell customers that a property has a fifty feet drop from the house to the lake, but many people didn't relate to that description. Fifty feet equal 5 stories, meaning that when you get to your boat and realize that you forgot something, it's 5 flights of stairs to go back and get the forgotten item. For many of us "Baby Boomers" we can refer to these as "memory exercise" properties, because after a few times of forgetting something, we make a concerted effort to improve our memory. For the younger crowd or the exercise conscious these properties can often be bought for less. For the investor or those desiring to build, planning a basement in the construction can turn a negative into a positive. A basement can often be less expensive way to gain substantial living space, and the cost is offset by the lowered cost of the higher sloped lot.
Location - Properties located near the Hwy. 441 corridor, the main road from Eatonton to Milledgeville, are more expensive because they are close to shopping and have shorter commute times for locals going to work, which means you are competing more with those retiring here and those living and working here, not just weekenders. The natural facets of supply and demand subsequently drive the prices of these Lake Sinclair Homes up in price. Another location consideration is driving time from your primary residence. Statistically, if a weekender's commute is less than one-and-a-half hours they will use the weekender almost twice as often as those who must commute more than an hour-and-a-half. Another related trade off to consider is "East" or "West" of Hwy. 441. The water on the East side tends to be a bit more clear with larger expanses of water, while the property on the West side, for many especially those commuting from South Atlanta or Macon vicinities, makes for a much shorter commute. For investors, at this time, I would shy away from properties located in Hancock County, unless it is a great buy or your investment goal is long term. Most of our buyers come from the Atlanta side, and as there are currently no bridges crossing the lake, the commute is an additional 45 minutes to an hour. The commute requires going south past the lake, through Milledgeville, then back up to the lake's southeast side.
Additional Factors - There are many more additional factors that affect individual properties for both weekenders and investors such as understanding the difference between buyers now and those of the future as prices increase, understanding all the factors associated and affecting appreciation, tax mill rates of Putnam, Baldwin, and Hancock Counties, and how to compare the true values involving the three different types of ownership of Lake Sinclair Real Estate, to name a few, and I will work hard to help you understand these factors when you partner with me in finding Lake Sinclair, GA real estate.
Here are some of the steps I will take to find your perfect Georgia lake property:
Determine Your Wants and Needs
This is the single most important step. By asking you a series of questions I will establish what you are looking for. My goal is to not waste your time by looking at lake homes in Georgia that are not in your price range or homes that don't meet you needs. Throughout the buying process I will maintain your confidentiality and represent your best interests.
We will use every available method to locate Lake Sinclair realty that matches your search parameters. This will include Lake Sinclair properties listed with our office, those offered through other real estate companies, and unlisted properties. We will disclose all known facts about the property that are likely to affect your decision. When we find the home that meets your criteria, I will assist you in writing an offer and act as a liaison between you and the seller.