Tips on Selling Vermont Lakefront Property
Return to BlogGet cash offer for your land today!
Ready for your next adventure? Fill in the contact form and get your cash offer.
By
Bart Waldon
Vermont – the Green Mountain State. Known for its stunning landscapes, maple syrup, and of course, its beautiful lakes. If you're lucky enough to own a slice of Vermont's lakefront paradise, you might be wondering how to sell it without pulling your hair out. Well, grab a cup of coffee (or maybe some Vermont craft beer), and let's dive into the world of selling lakefront property in this picturesque state.
First things first, let's talk numbers. According to the Vermont Department of Taxes, lakefront property values have been on a steady climb, jumping up about 15% in the last five years. Not too shabby, right? And get this – the Vermont Agency of Natural Resources says that about 8% of the state is covered in lakes and ponds. That's a whole lot of waterfront potential!
The Vermont Lakefront Scene: More Than Just Pretty Views
Now, before we get into the nitty-gritty of selling, let's chat about what makes Vermont's lakefront properties so special. We're talking over 800 lakes and ponds here, folks. From the massive Lake Champlain to the cozy Lake Willoughby, there's something for every water lover out there.
But here's the kicker – selling these gems isn't always a walk in the park (or a swim in the lake, if you will). Vermont's got its own quirks when it comes to real estate, and lakefront properties? They're in a league of their own.
Cracking the Code: Tips to Sell Your Lakefront Paradise
1. Timing Is Everything (But Not What You Think)
Sure, summer's great for showing off that sparkling water, but don't discount the other seasons. Imagine potential buyers seeing those fall colors reflected in the lake, or the cozy potential of a winter cabin by the water. Each season has its charm – use it to your advantage!
2. Price It Right (Without Losing Your Shirt)
Here's the deal – pricing lakefront property in Vermont can be trickier than navigating a canoe in choppy waters. The market can be as unpredictable as New England weather. Your best bet? Look at recent sales of similar properties, factor in your property's unique features, and maybe chat with a local real estate agent who knows lakefront properties like the back of their hand.
3. Flaunt What You've Got
Your property is unique – show it off! Is your shoreline longer than a country mile? Do you have the best bass fishing spot on the lake? Can you see three states from your deck? Whatever makes your place special, make sure potential buyers know about it.
4. Get Your Ducks in a Row with Environmental Stuff
Vermont takes its nature seriously (and thank goodness for that). Be ready to talk about things like shoreline protection laws, water quality, and septic systems. It might sound boring, but trust me, buyers will appreciate your know-how.
5. Picture Perfect
In the age of scrolling through online listings, great photos are worth their weight in gold (or maple syrup). Invest in some professional shots that show off your property in all its glory. And hey, while you're at it, why not throw in a virtual tour? It's great for out-of-state folks who can't just pop by for a quick look.
6. Spread the Word (Creatively)
Don't just stick a "For Sale" sign in the yard and call it a day. Get your property on specialty websites for lakefront buyers. Use social media to show off those stunning sunset views. Heck, partner with local tourism boards – you never know when a vacationer might decide to make their Vermont getaway permanent.
7. Be Ready to Haggle
Selling lakefront property often involves more back-and-forth than a tennis match. Be prepared to discuss things like whether the pontoon boat comes with the deal, or if you're willing to throw in that antique fishing gear collection.
8. Consider Calling in the Pros
Sure, you could go it alone, but sometimes it pays to have experts in your corner. Real estate agents who specialize in lakefront properties, lawyers who know Vermont's waterfront laws like the back of their hand, or even home stagers who can make your place look like a million bucks – they can all be worth their weight in gold.
9. Patience, Grasshopper
Here's the truth – selling lakefront property in Vermont isn't usually a quick process. It can take a year or two to find the right buyer. It's not a sprint; it's a marathon. Pace yourself and stay positive.
10. Think Outside the Box
If the traditional route isn't cutting it, or you need to sell faster than a fish can swim, consider alternatives. Companies like Land Boss (that's us, by the way) specialize in buying land directly. We offer cash purchases, often at a discount. It might not be for everyone, but for some folks, the speed and simplicity can be a lifesaver.
11. Talk Taxes (Without Putting People to Sleep)
Vermont's got its own quirks when it comes to taxing lakefront properties. Be ready to chat about property tax rates, potential capital gains taxes, and any special fees that come with lakefront living. It might not be the most exciting topic, but buyers will appreciate your honesty and knowledge.
12. Four Seasons of Fun
Sure, summer's great, but don't forget to talk up the year-round potential of your property. Ice fishing in winter, leaf-peeping in fall, wildlife watching in spring – paint a picture of a place that's amazing 365 days a year.
Final Thoughts
Selling lakefront property in Vermont is part science, part art, and maybe a little bit of magic. It takes planning, patience, and a good dose of local know-how. But with these tips in your back pocket, you're well on your way to finding the perfect buyer for your little slice of lakeside heaven.
Remember, whether you're navigating the traditional market or considering a quick sale to a land-buying company, the key is to stay informed, be prepared, and keep your cool. After all, you're selling more than just property – you're selling the Vermont lakefront dream. And trust me, for the right buyer, that's priceless.