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Advice from Walker Realty about Buying a Lake House
- 2023/07/06
- 再生時間： 46 分
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Episode 25: Welcome to Lake Life with Molley and Chad! In today’s episode, we’re joined by Amy Walker and Sherri West from Walker Realty in Columbia, Kentucky. They discuss importance of having experience and education when planning to start your lake life experience. The two real estate agents advise the couple about locations, boat storage, budgeting for second homes, the importance of speaking to an accountant in order to have realistic expectations and the reasons to consider the maintenance of two homes. Work with a Realtor When it comes to finding the perfect second home, working with a realtor is essential. Realtors (like Amy Walker) have experience and education in the field, and can provide invaluable advice to those looking for a second home. Sherri West has been in the real estate business for 20 years, making her the perfect fit for guiding people through the process of finding a second home. She explained that it is important to have realistic expectations, and to start smaller and under budget. She also suggested that people consult with their accountant before beginning their search, in order to make sure they are financially prepared for the purchase. A realtor can help guide people through these considerations and provide advice on what to look for. In addition, a realtor can provide invaluable insight into the local area. They can provide information on the community, local businesses, and even the best places to eat. Realtors are also familiar with the local market and can provide valuable advice on the best time to buy or sell. Overall, working with a realtor is the best way to ensure a successful second home purchase. Use a Realtor to Protect Yourself Amy explains that it’s important to understand the legal implications of the purchase. Contracts for second home purchases can be complex and require a thorough understanding of the law. A realtor can provide the necessary guidance and assistance to make sure the contract is properly understood and followed. This can help protect buyers from potential legal issues down the road. Realtors also have a higher standard of ethics when it comes to helping buyers. They are obligated to provide all the information they can to help buyers make an informed decision. This includes providing honest advice about the pros and cons of a property and helping buyers find the best deal for their budget. Realtors can help buyers narrow down their search, provide advice on the best properties, and help buyers make an informed decision. Realtors can also provide assistance with the inspection process, ensuring that buyers are aware of any potential issues with the property. Another consideration is whether the community’s HOA will allow you to VRBO (commercially rent) your property, when you’re not using it. It would be a problem if you planned on the rental income to offset the mortgage payment and related expenses, only to find out the HOA doesn’t allow it or is overly restrictive. Finally, realtors can help buyers understand the local taxes and regulations that may affect their purchase. In conclusion, realtors have experience and can provide invaluable advice on the local area. Be Nice to the Corps One of the most important things to remember when purchasing a second home is to be nice to the Corps. The Corps of Engineers owns a certain amount of land near the lake, and they are responsible for the safety of the area. It is important to be respectful of their regulations and guidelines, as they are the ones who will ultimately decide if a private dock or other structures can be built on the property. It is also important to remember that most lakes in Kentucky do not have easy access to the water. While there are properties that are grandfathered in and have access, most people will need to build a ramp or zip line down to the water. It is also important to remember that clearing trees or other vegetation is not allowed and can result in hefty fines. By being aware of these considerations and regulations, people can make sure that their second home purchase is a success. Relationships are Key in Real Estate Relationships are key in real estate. This is something that Sherri and Amy, two real estate agents from Jamestown, Kentucky, know all too well. Walker Realty is over 50 years old and knows the surrounding communities very well. They’re part of those communities. Sherri was working at a newspaper when a friend who was also a broker suggested she try selling houses. Amy was a teacher for 29 and a half years before getting into real estate. In both cases, their friends saw something in them that made them perfect for the job. The relationships that Sherri and Amy have built with their clients have been invaluable. They have made lifelong friends and have been rewarded with repeat customers. Relationships are also essential for building trust. Sherri and Amy understand the importance of ...