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Lake Placid Real Estate Updates Tips For Buying in the Adirondacks

Margie Philo, Real Estate Broker & Owner

Margie Philo, Real Estate Broker & Owner

Berkshire Hathaway HomeServices Adirondack Premier Properties

Welcome to “The Brokers Suite,” our blog with updates about new listings, real estate buying and selling tips, and more real estate topics updated regularly. Stay up to date with the latest Adirondack and Lake Placid real estate market information. Find insider advice and tips to assist you in selling or buying a residential or commercial property in the Adirondacks.

"Where Experience Isn't Expensive, it’s Priceless."

Lake Placid Real Estate Market Expert

See below for our latest blog posts. Some posts are republished as part of the Berkshire Hathaway Home Services collection of real estate education content.

What Does Vet Mean In Real Estate?

Vet Real Estate Agent

In real estate, vet means to ask questions that pertain to the business. Buyers or sellers should always be vetting their potential real estate agent and agency. Asking the right questions leads to stronger service and potential increased profit on your property. The questions a buyer or seller should focus on are past and recent real estate sales, the real estate agency, the marketing strategies, and knowledge of the current market. Past and Recent Real Estate Sales Asking questions on the past and recent sales will give a potential client an idea of the agent. While longer tenure agents may Read More

September 27th, 2022

September 2022 Newest Properties

Adirondack Log Home In Lake Placid - Exterior

RESIDENTIAL ADIRONDACK LOG HOME IN LAKE PLACID 3 BED  |  3 BATH  |  $1,095,000 A custom log home on a lushly landscaped acre affording total privacy. Three bedrooms and three full baths complete with attached and detached garages, lean-to, deck, covered porch and front and rear patios. CLICK HERE to view more.   ADORABLE ADIRONDACK HOME IN UPPER JAY 3 BED  |  1 BATH  |  $375,000 Adorable 3 bedroom, 1 1/2 bath Adirondack home with exceptional proximity to hiking and climbing in High Peaks and skiing. Just a 10 minute drive from Keene and 10 minutes to the 1980 Olympic Read More

September 1st, 2022

Which Remodeling Projects Bring the Most Joy?

Which Remodeling Projects Bring The Most Joy?

In 2020, Americans spent $420 billion remodeling their homes, according to a new report by The National Association of REALTORS (NAR) and The National Association of the Remodeling Industry (NARI.) They remodeled to upgrade outdated worn-out surfaces, finishes and materials (30%), add features and improve livability (20%), and just enjoy a change (16%.)   While most consumers (83% of those surveyed) said they would have remodeled regardless of the pandemic, most found that they were happy with the results (57%), satisfied (39%), and felt a sense of accomplishment (69%). Homeowners reported that the best results from remodeling were better functionality and Read More

August 16th, 2022

Retro: Not Just Mid-century Anymore

Retro: Not Just Mid Century Anymore

According to EyeonHousing.com, half of owner-occupied homes were built before 1980. That could be just one of many reasons why many homebuyers and homeowners are going more “retro” in their decorating styles. Retro pieces of furniture, art, and accessories, whether antique, reproduction or derivative, can bring unique personality to any home. TheSpruce.com explains that home décor has always mixed the old with the new. Retro is widely thought to mean Mid-century design, but it can also include nods from other eras, including Art Deco and Modernism from the 1920s to the 1940s. Both post-war, these modernistic motifs reflect large lifestyle Read More

August 9th, 2022

Success Strategies for 2022 Homebuyers

Success Strategies For 2022 Homebuyers

If you’re a homebuyer without a home to buy, the ongoing housing shortage is making housing to buy less affordable by the day. Certain factors should change with time, which should provide you with a better chance to buy a home in mid-to-late 2022. One factor that helped fuel the current housing market boom was record low interest rates. According to the latest weekly Mortgage Bankers Association survey, the average contract interest rate for a 30-year fixed-rate mortgage (FRM) under $647,200 was 5.20% with 0.63 points. That’s a quick rise from the record low recorded by Freddie Mac in December Read More

August 2nd, 2022

August 2022 Newest Properties

Casa Del Paradiso - Tree House Deck Mountain

RESIDENTIAL CASA DEL PARADISO IN LAKE PLACID 9 BED  |  8 BATH  |  $31,150,000 A private majestic estate rarely offered anywhere in the world with security and gated entrance, your own paradise! The 5 primary buildings include an underground tunnel from the main residence to one of the guest homes, a tree house sitting residence, 2 additional 2 bedroom guest homes, and an air stream “she shed”. CLICK HERE to view more.   CHARMING COTTAGE IN KEENE 3 BED  |  2 BATH  |  $595,000 Charming cottage located on 8 acres with mountain views. This home features an open floor plan Read More

August 1st, 2022

Hit the Deck with Easy Upgrades

Deck Easy Upgrades

It’s time for fun in the sun, and not too late to make some improvements to your deck. Before you have family and friends over for summer barbeques, take a weekend to make your deck more attractive, comfortable and better integrated with your backyard. You want your deck and yard to look like they flow together. One way to do that is to plan around what you’d like to view, such as side gardens with flowers. The deck steps can lead down to the landing area or pavers in the grass that allows you and your guests to walk around Read More

July 28th, 2022

How long do most real estate agents last?

There are two answers to this question that vary differently. As Client If you are a client of a real estate agent, it could be one deal or it could be a lifetime of business. At Berkshire Hathaway HomeServices our motto is Forever Agent. This motto is a great standard for our agents to make real connections with clients. Trust is a major factor when buying or selling a home so having trust in the agent to protect you in your deal produces better results. Our agents strive to be there for all of our clients needs at every stage Read More

July 26th, 2022

What Are Good Real Estate Skills? Becoming An Experienced Agent

Skills Graphic

If you are thinking of getting started as a real estate agent, some basic skills you should grow include being personable, having a good communication skills, being organized, understanding time management techniques and being reliable. Being A Personable Real Estate Agent As the old saying goes you catch more flies with honey than vinegar. Being personable will give you a head start in real estate. It is a lot easier to work with someone who is positive and happy than someone who is negative and unhappy. This soft skill set will help build relationships through the real estate community. There Read More

July 21st, 2022

How Can Real Estate Agents Improve?

How Can Real Estate Agents Improve

Real estate agents should continue to get better in every aspect of the business. Just like any business there is always room to grow and learn. Throughout their real estate career as an agent, they should occasionally step back and evaluate their process to see what improvements they could/should make. An example of improvements could be their personal skills. Communication, organization and reliability are some of the greatest assets a real agent can have. Communication For Real Estate Agents Just like every profession the better the communication the better the results. In real estate having consistent, clear communication during the Read More

July 19th, 2022

How Much Does It Cost To Build An Adirondack Cabin?

Cost To Build Adirondack Cabin

The cost of building a cabin in woods or on a lake with waterfront amenities in the Adirondacks Cabin comes down to two variables: the homeowner and the builder. There are many factors that come into play when determining the price, ranging from planned square footage to location and desired cabin features, to the builder(s) you will choose to work with. In some cases, it can be more expensive to build a cabin in the woods than a larger house in a planned or existing sub-development. We recommend also reviewing existing cabins and cottages currently for sale in the Adirondacks, Read More

July 14th, 2022

How To Plan A Cabin Trip To The Adirondacks?

How Do You Plan A Cabin Vacation

Booking your cabin trip is super easy now with companies like Air BnB and VRBO. Also, many real estate agencies rent cabins and homes throughout the Adirondack Mountains. The hardest part is deciding what location you would like to spend your vacation. To plan and prepare for your trip you should consider each of the following factors: CABIN LOCATION Choose what location or region you would like to visit in the Adirondacks. The Adirondack Park is a large area so determining what region will help. Our office covers the Lake Placid region (Lake Placid, Saranac Lake, Wilmington & Keene Valley). Read More

July 12th, 2022

Is Buying A Cabin In The Woods A Good Investment?

Cabin In The Woods A Good Investment

Buying a cabin in the woods can be a great investment as long as the homeowner takes care of the property. During the recent pandemic, people in cities were looking to escape to quiet cabins or rural towns where life is slower and less busy. This increase in interest drove the cabin and cottage market up, as inventory began to shrink. Owning a cabin in the woods provides an opportunity for a getaway from crowds and the noise pollution often found in metropolitan life. Buying a cabin can be a great investment, if you treat it as both a personal Read More

July 7th, 2022

July 2022 Newest Properties

Majestic Upper Saranac Lake Estate - Aerial Exterior Back Left

WATERFRONT MAGNIFICENT ADIRONDACK HOME 7 BED  |  4 BATH  |  $1,995,000 A classic Adirondack home with many original details located across from Mirror Lake and with the shared ownership of a Mirror Lake beach. This gated 6 bedroom home has an additional year round cottage and a nice private back yard.     ADIRONDACK SERENITY 1 BED  |  1 BATH  |  $439,900 A unique opportunity to have a secluded Adirondack estate on 74 acres of land with mountain views and a private pond. The home has a bonus loft for additional sleeping area, and an open floor plan design that Read More

July 6th, 2022

Is Renting A Cabin Profitable

Driftwood Cabin - Living room from left with brook view

Renting a cabin is always an option especially if you live in or near a tourist destination and can be very profitable. If you choose to rent your cabin, the amount of money you can make depends on a few factors including location, features, amenities, and views. Cabin Location Location, location, location! When looking at renting cabins to travelers, you will want to find places that are close to an Adirondack town but still have a nice level of privacy. Many renters are looking for a short drive to town to enjoy everything the area has to offer. Features That Read More

July 5th, 2022

How Do I Fire My Real Estate Agent?

How Do I Get Rid Of My Real Estate Agent

The method of changing or firing a real estate agent is different depending on if you are selling or buying. We have provided ideas below on Saying Goodbye To Your Buyers Agent If you are using a real estate agent to help you purchase a home you will need to notify the agent that you have decided to use another agent. Most agents understand if things are not working. As a buyer you should be only working with one agent in a region. Working with multiple agents will cause confusion and issues for everyone through the process. Most real estate Read More

June 30th, 2022

Will REALTORS® Become Obsolete In 2022?

Realtors Obsolete Graphic

No, REALTORS® will not become obsolete in 2022. While access to real estate transactional best practices has increased with more information on the internet, this does not replace the experience a REALTOR® brings to selling or buying a residential or commercial property. During Covid many real estate brokerages had to pivot on how they were able to advertise and show properties. Real estate agents started to focus more on video or 360 tours, and produce valuable content allowing buyers to view more properties than when searching on their own. Additionally, REALTORS® can use Zoom meetings to discuss any of the Read More

June 28th, 2022

Ask A Broker – What Should I Bring To A Cabin Getaway?

Alpenglow Lakeside Lodge - Aerial of Lower Saranac Lake

Cabin getaways  to the Adirondack mountains and lakes are always exciting but there is nothing worse than forgetting something you need. When renting through our office many things are covered. We try to make everything as easy as possible so renters need to just bring themselves, clothing and their travel essentials. Our rentals will have a starter of basic essentials throughout the home as well as linens and towels. The renters will have to buy food and/or  any other things that they would like to have on vacation. Whether your cabin rental is for family fun or a romantic getaway Read More

June 23rd, 2022

Ask A Broker – Is Real Estate A Dying Industry?

Is Real Estate A Dying Industry Graphic

No, real estate is not a dying industry because people will always need housing. There are always ups and downs in every industry. The development of new technologies will evolve how properties are shown and how the buying or selling process is conducted. Change in the real estate industry became a requirement as with many other industries, during the ongoing covid pandemic. Real estate showings went from in person walk throughs of the properties to a more digital focus. In our office, we started to have a larger focus on video tours as well as 360 self-guided virtual tours of Read More

June 21st, 2022

Ask A Broker – How Do You Vet A Real Estate Agent?

Realtor - VETT a real estate agent blog

When determining how to find a real estate agent to buy or sell a home, asking the right questions could lead to more success. These questions will change slightly depending on if you are selling or buying. Vetting A Selling Agent If you plan on selling your home, asking the agent about their past sales, the agency that they work for, their marketing strategies as well as the current market are great starting points. Past Real Estate Sales Tenure comes into play with their past sales. Someone may have been in real estate for 20 years giving them a lot Read More

June 16th, 2022

Ask The Broker – Renting Home As Vacation Rental

House With Keys

How do I rent my home as a vacation rental? Renting your home is now easier than ever. Within our office, we use third party apps like Air BnB or VRBO as well as receiving call ins about our properties. While it is easier than ever, you will still need to consider finding a cleaner and caretaker if you do not plan on handling those aspects. You will also need to consider the time involved for booking and answering questions. Another option is hiring a management company so you do not have to handle the booking, cleaning, and dealing with Read More

June 14th, 2022

Ask The Broker – Residential Property Used As Commercial

Can Residential Property Be Used As Commercial? Residential property can be used as commercial but there may be restrictions. This would require you to change your building’s certificate of occupancy to mixed use.

June 9th, 2022

Ask The Broker – Buy State Land In New York

Can You Buy State Land In New York? Generally, New York has bought land in area in order to keep it forever wild. These parcels will be saved and protected by the state where it can be enjoyed by the citizens. Occasionally if land is deemed no longer necessary for public use it may be sold at a public auction. Currently there are no surplus parcels for sale in Franklin or Essex county. CLICK HERE to view available properties.

June 7th, 2022

June 2022 Newest Properties

Adirondack Mountainside Chalet In Keene Valley - Aerial Exterior Back Square

RESIDENTIAL HISTORIC MASTERPIECE ON VICTOR HERBERT 12 BED  |  10 BATH  |  $1,450,000 A Historic Masterpiece designed by architect W.L. Coulter in the early 1900’s with one of the more scenic views of Lake Placid and the mountains. CLICK HERE to view more.     ADIRONDACK MOUNTAINSIDE CHALET IN KEENE VALLEY 5 BED  |  5 BATH  |  $849,000 This is the Adirondack mountainside chalet you’ve been dreaming of! Sip a drink while relaxing on the 1500 square feet of outdoor deck space while taking in the sprawling 270 degree view of Giant and Hurricane Mountains from 1300 feet above the Read More

June 3rd, 2022