Buying a lake community home in the winter

[FlyingScot]

Originally Posted by JilianBlue

Yeah, there is a chance we also dodged a bullet. This particular home has changed hands frequently - about once every 4 years since 2003 - so it gave us pause and we wanted to do a lot of research before making an offer. The shared well was something new to us too and it took us a while to locate the well agreement referenced in the deed. But the views were so nice! We're hoping to find another comparable home between now and the fall.

Every 5 sales in 20 years? You definitely dodged a bullet. Forget about the comment above (which I agreed with at the time) that everybody loves their lake house.

I'm with Think on the need for lots of homework in advance of even seeing the house--chance favors the prepared mind. Prepare to spend a year or more looking/researching, then pounce with a high and fast offer when "the one" comes into view.

We bought our last house in Mass after a 20 minute walk through, with a high above asking price bid, no inspection. Almost insane, but we just barely edged out two others, and it's been a great purchase. We were able to do this because we knew the neighborhood and the economics well enough that we could bank on it.