Lake Martin is all about families. We were lucky enough to have both of our children and their spouses here for a few days last weekend. What a pleasure to see them all enjoying the lake as much as they did as kids. There was plenty of time for swimming, skiing, digging for fishing worms, catching fish, getting some sun, and cooking out.

Speaking of lucky enough…we were fortunate to find our place at Lake Martin when our kids were young. We came every weekend winter and summer and we spent hours fixing up our old cabin. Anyone with a second home knows that one requirement is having 2 of everything (tools, groceries, and more) – one for the lake and one for the primary residence. Of course, we usually managed to have both hammers and bottles of ketchup at the same house!

The kids did help with all our projects – but they also had time for fun. Fishing, swimming, building forts on an island, building a raft out of old styrofoam and deck boards, learning to ski, and more. They also learned boating safety, good lake manners, to wave at other boaters, and always to stop and help folks with a problem.

We retold lots of stories and laughed a lot! Memories are as good as the real thing!

A recent article in a Real Estate magazine really said it all – paraphrased: …we feel younger than our age; we weigh less than the scales indicate (if we ever got on them); we feel fine – so there’s no need to go to the doctor…In terms of real estate prices in the Lake Martin area, we may all need a reality check!

Sellers naturally believe their property is valuable. Here’s the bad news - it’s only worth what a buyer will pay. In 2007, sales at Lake Martin were not as brisk as in previous years and many blamed that on the low water levels. However, in 2008 the lake is nearly full, potential buyers are coming to the lake, but sales are still not as brisk as in the past.

In my opinion, buyers are shopping but they are “kicking the tires” and looking for “a steal.” Everyone wants that! Some prices have adjusted downwards, but we’re not seeing any “fire sales” and foreclosures are pretty rare here.

If you’re a seller, consider dropping your price by as much as 5%. If the buyers are looking for a “buyer’s market” why not give it to them? Otherwise, recognize that your home may stay on the market a little longer. If you’re a buyer, make an offer – it might just be accepted!

Most Important – buyers and sellers need to consult with their Realtor®. Both sides need to make sure their expectations are realistic! In the Lake Martin Real Estate market, we need to remember: