Mansfield, MA, November 11, 2014 --(PR.com
)-- Determining a lake home’s value has been a real challenge in the real estate industry. For Realtor’s who do not specialize in this particular niche, the market values they provide to sellers can vary by up to 30%. This is particularly frustrating for home sellers who are trying to get maximum value but not out-price the market.
Additionally, there are some popular websites which provide Automated Valuation Models, or “AVMs”, that can normally be a valuable tool for buyers & sellers. But they are notoriously inaccurate for certain types of homes, especially lakefront. AVM’s cannot account for all the variables that accompany unique locations, especially the details of the lake itself. Studies have shown they are consistently off by 10% to 50%.
Looking to provide a better solution, Lakefront Living Realty, LLC created a lakefront market value calculation tool called the CalcuLAKEr©. In addition to some basic factors about the home, it asks questions regarding the lake itself such as recreational activities, lake size, water quality, aquatic weeds, and lakeside location. The market value is adjusted up or down based on these lakefront qualifications.
The tool was developed around the Massachusetts lakefront market and tested with hundreds of recent lakefront sales. And although the tool will eventually be tailored to a national audience, the creators encourage giving it a try in any market.
“We found our calculations to be accurate for nearly 90% of all lakefront homes,” said Scott Freerksen, Owner/Broker of Lakefront Living Realty, LLC, “We’re thrilled to be able to provide buyers and sellers a considerably more accurate lake home valuation tool than what is available on-line today.”
The CalcuLAKEr© tool is free to use and can be found on the Broker’s popular lakefront property website, www.LakefrontLiving.com
. The site currently displays over $1.2 Billion in direct lakefront inventory (1400+ direct lakefront homes and land). Buyers can find everything from $100,000 lakefront summer camps to $20,000,000 luxury waterfront dream properties.
About Lakefront Living Realty, LLC
Based in Mansfield, Massachusetts, Lakefront Living Realty, LLC is a full service real estate brokerage specializing solely on the purchase and sale of direct lakefront property in New England. Owner Scott Freerksen “The Lake Guy,” a Real Estate Broker and Realtor, founded Lakefrontliving.com in 2003 as way to passionately unite buyers and sellers of direct New England lakefront property. For complete information, visit LakefrontLiving.com, call Scott at 508-377-7167 or e-mail at firstname.lastname@example.org.