Lakefront Seller Guide Buyer Guide Vacation Home Southwest Michigan

Buying or Selling a Vacation Home in Southwest Michigan

You’ll find many useful Home Buyer’s Guides and Home Seller’s Guides online, most of which are intended for “First-Time” Home Buyers and Sellers, and delve deeply into the step-by-step details throughout the buying/selling process.

This series of articles, however, was written for those of you that have already “been there, done that” and are now considering either buying or selling a second-home or vacation-home in Southwest Michigan.

Part 1: The Motivations are Different for Second-Home Owners

One of the first things to understand is that the motivations of vacation-home owners are much different than those of primary-home owners:  Primary-home owners are typically motivated out of necessity: they need a home in a fairly small, local geographical area to live, commute to work, and send their children to schools.  In contrast, second-home owners are usually motivated more by desire: they don’t “need” a second home; they “want” a second home to get away, relax, and enjoy.  They will generally consider more diverse lakefront properties from a much larger geographical area.

Because of this, the process of both selling and buying a vacation home takes on a different dynamic:  The Sellers in many cases do not “need” to sell their vacation home, are in a financial position to hold it indefinitely, and have the ability & mindset to use & enjoy it in the meantime.  In addition, they are often receiving significant weekly rental income that supports the mortgage (if any) and the local property taxes.  The Buyers, in a similar position, do not “need” to buy a vacation home before school starts, to begin a new job, or for regular day-to-day housing needs.  They often take their time looking for the right place, sometimes taking months or even years, before making an offer to purchase.

Whether you’re selling or buying a vacation-home, a good first step is to begin looking at real estate listings of lakefront or waterfront properties for sale in the lakefront communities that appeal to you.  By simply browsing the listings at your own pace, you will get a good sense/feel for the pricing, style, and availability of homes in a given market.

A great place to start is at our Lakefront Communities Map!

You’ll find an uncluttered map layout of the lakefront communities and resort destinations along the Lake Michigan coast in Southwest Michigan (including Holland MISaugatuck MIDouglas MISouth Haven MI, Covert MILe Lac Appelle… The Lake is CallingColoma MIPaw Paw Lake MIWatervliet MISister LakesBenton Harbor MIHarbor Shores MISt. Joseph MIStevensville MIFeatured Properties SW MichiganBerrien Springs MIBridgman MISawyer MILakeside MIUnion Pier MINew Buffalo MIGrand Beach MI, aka “Harbor Country MI”).

Click Here to Read Part 2: Knowing What You Want

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Summary
Buying or Selling a Vacation Home
Article Name
Buying or Selling a Vacation Home
Description
You'll find many useful Home Buyer's Guides and Home Seller's Guides online, most of which are intended for "First-Time" Home Buyers and Sellers, and delve deeply into the step-by-step details throughout the buying/selling process. This series of articles, however, was written for those of you that have already "been there, done that" and are now considering either buying or selling a second-home or vacation-home in Southwest Michigan.
Author
Publisher
Lake Path Realty
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