Garrett County businesses are surviving and thriving despite the pandemic. There are several recent additions to our community. It is so great to see new offerings. I encourage you to support these local spots when you have the chance.
New Garrett County Businesses
Firewater Kitchen & Bar This new lakefront restaurant has amazing views! They offer fresh-made craft cocktails, craft beers, and exceptional dining. Firewater is part of the Ace’s Run, Brenda’s Pizzeria and Trader’s Coffee House family of businesses. It is located at 20128 Garrett Highway next to Will O the Wisp.
A Mountain Fix Located at The Fort in McHenry, A Mountain Fix features fun gifts, items for pets, and fine sterling jewelry. The shop combines their love of the mountains and the beach.
Right now, it is a seller’s market at Deep Creek Lake. What exactly does that mean? Here’s how Rocket Mortgage defines it: “A seller’s market arises when demand exceeds supply. In other words, there are many interested buyers, but the real estate inventory is low. Since there are fewer homes available, sellers are at an advantage. In a seller’s market, homes sell faster, and buyers must compete with each other in order to score a property.”
The pandemic created a surge in interest in the lake and mountain lifestyle. Our area is rural in nature with a lower population density. This makes social distancing easier. Also, more and more people are able to work remotely. Even after the pandemic subsides, remote will likely remain as a preferred work style.
This high demand is being met with historically low inventory. Right now, available lake area homes are very limited. Offers are being made sight unseen, and we are also seeing multiple offer situations.
If you are interested in Deep Creek Lake homes for sale, there are a few things you can do to better position yourself in a seller’s market.
Buyer Tips for a Seller’s Market
Get Pre-approved Give the seller confidence that you are a qualified and motivated buyer. Getting pre-approved verifies your ability to afford a home loan for a specific amount. It shows financial security and gives the seller peace of mind that the sale will go smoothly.
Hire an Experienced Real Estate Agent As your agent, I can give you a serious advantage when buying a home in a competitive market. With more than twenty years of experience, I have a proven track record in Deep Creek Lake real estate. I hear about listings as soon as they hit the market. In a seller’s market, things happen fast. I will keep you informed at all times.
Act Fast In a seller’s market, a new listing can be snatched up within hours. That means you can’t always wait for a weekend showing. Whenever possible, make yourself available for showings. As your agent, I can also show you a listing via Facetime.