As many of you have read in the newspaper or online, the real estate market has done a 180 in the last 15 months.  It has gone from sellers looking at multiple offers to buyers lowballing multiple properties attempting to get the best “deal”.  Well, if a “deal” is what you are after then now may be the best time to purchase lake property.  Summer has come and gone and many sellers do not want to carry their cabins another winter - so they are drastically reducing their prices. 

As a member of 19 different Multiple Listing Services in Minnesota and Wisconsin, I receive up to 50 emails per day with a subject like “motivated sellers” or “Sellers will look at all offers”.  Prices have been slashed as much as $150,000 and agents are anxious to move their inventory before winter. 

With interest rates the lowest they have been in six months, motivated sellers and motivated agents, now may be one of the best opportunities for a buyer to fulfill his or her dream of owning a lake home.