On the Waterfront

Thursday 13 September 2007

When is a property considered waterfront?

We all know that waterfront property is worth more than land-locked lots, but we must be careful about how eagerly we label our listings as "waterfront" or "lake view." Imagine your client’s disappointment when the "waterfront" property you've taken them to turns out to be next to a glorified retention pond; imagine your embarrassment. Or worse yet, imagine if the listing agent meant "lake view" to apply to the neighborhood, while the property you are showing offers no lake view at all.

Be courteous to your fellow Realtors, and be honest about the water features of the property you are listing. Although the MFRMLS has no hard and fast rules that distinguish the difference between a pond and a lake, we ask you to look at a property through the eyes of a buyer's agent, and give them the tools they need to represent your property accurately. Also, remember to distinguish community features from the features of the specific property.