Lake Sidney Lanier Homes Blog

If you're in the market for a Lake Lanier waterfront home, you may be wondering what kind of sales price to list price ratios you can expect. The good news is that Lake Lanier is a highly desirable area, with a strong real estate market, so you can generally expect to see healthy sales price to list price ratios.

What is a sales price to list price ratio? This is simply the ratio of the actual sales price of a home to its listing price. For example, if a home was listed at $500,000 and sold for $450,000, the sales price to list price ratio would be 90%.

According to recent data, the sales price to list price ratios for Lake Lanier waterfront homes during the past five years has been consistently strong. You can review our five-year summary in the chart and table in the following link.

Lake Lanier Waterfront Homes And What You Can Expect Of Sales Price Versus List Price Ratios!

Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please feel free to contact us directly at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at [email protected].

The numbers are in for Lake Lanier home sales for the month of February 2023! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  11

The highest home sale price was $2,489,000

The lowest home sale price was $600,000

The average home sold had four bedrooms, three bathrooms, and one-half bathrooms

Lake Lanier Waterfront Home Sales For November 2022!  Let's Check Sales Trends!

The numbers are in for Lake Lanier home sales for the month of November 2022! Here is a brief recap of the home sales as reported in our comparative market analysis that we will provide via SlideShare later in this article.

Lake Lanier waterfront homes sold:  19

The highest home sale price was $2,425,000

The lowest home sale price was $250,000

The average home sold had four bedrooms, three bathrooms, and one half bathrooms

Closing costs are 2-5 percent of the purchase price of a home, resulting in an average of $3,700 in fees for the paperwork required to buy a house. That’s a lot of money to come up with when you may have already put everything toward a down payment.

Some fees from mortgage lenders are required by federal law to be the same, and there isn’t much you can do to change these costs listed in a HUD settlement statement — origination, underwriting, administrative, and doc-preparation, among others. Other closing costs, however, can be negotiated. Here are some to check into:

Lender fees: All customers must legally be charged the same lender fees by a lender, so you can’t negotiate them. But you can shop around for a lender with low fees, as seen in their good faith estimates, which shouldn’t differ from the HUD statement.

Higher loan rate: If you’re willing to pay a higher loan rate, then lenders will discount the fees. Those can be added to the loan and are seen through a slightly higher monthly mortgage payment.

Title insurance: This type of insurance is required to protect the lender and you if there are undiscovered liens against the property. Shop around for lower title insurance or negotiate the fee.

Home insurance: Lenders require a home insurance policy, which can cost from $300 to $1,000 a year, depending on where you live and the type of home. Shop for an insurer that offers discounts for certain factors, such as having multiple policies, a new roof, or specific home improvements.

Negotiate with the seller: If you’re in a buyer’s market, ask a home seller to cover part of your closing costs. The worst that can happen is they say no.

Add costs to the loan: If none of these tactics work and you still have difficulty paying closing costs, ask your lender to add them to the loan. Instead of paying these costs all at once, you’ll be able to pay them over 30 years or however long your home loan is for; you won’t feel the financial pain as much over time.