“Love our interest rate, but this house doesn’t fit our needs anymore.” Does this quote apply to you? If so, you’re not alone. Many people want to move but feel locked-in by their low mortgage rate. It’s difficult to time exactly when things will really shift, but as I explain in this month’s flyer, there […]
Housing Market
Glossary of Real Estate Terms You Need To Know
The real estate industry has a language of its very own. Below is a glossary to help you better understand the process of buying and selling property. Abstract of Title A complete historical summary of the public records relating to the legal ownership of a particular property from the time of the first transfer to […]
What a Normal Housing Market Might Look Like
The state of the real estate market is a hot topic in the media now. Higher mortgage rates and declining home sales grab most of the headlines. But it’s not all bad news. After the last few hectic years, many experts believe we are trending toward a more “normal” or balanced scenario that will benefit […]
Smith Mountain Lake Spring Real Estate Outlook
If you’re considering selling your Smith Mountain Lake home, now may be the right time as the supply of homes for sale is low. Despite the possibility of a seasonal increase in inventory, active listings across the nation have reached a new low for 2023. However, at Smith Mountain Lake, there are currently 36 lakefront […]
Watch Out for These New Identity Scams
As cybercrime continues to evolve, it’s crucial to stay aware of the latest online scams, so that you can be proactive in protecting yourself and your information. After all, knowing what to look out for can make all the difference! To help keep you one step ahead of cybercriminals, I’ve provided tips to avoid some […]
Expert Insights on the 2022 Housing Market at Smith Mountain Lake, Virginia
As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, I always turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta […]
9 Tips for Buying and Selling Homes at the Same Time
Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it’s dwindling.¹ You’re not alone either if you’re already feeling drained by the complex logistics of trying to sell and […]
5 Factors That Reveal Where The Real Estate Market Is Really Headed
It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country. News website The Atlantic summarized the sizzling home […]
Could Rising Home Prices Impact Your Net Worth?
Learn how to determine your current net worth and how an investment in real estate at Smith Mountain Lake can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This […]
Finding a New Home for Your Next Stage of Life
Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, would […]
Smith Mountain Lake VA Real Estate Sales Transactions
If you’re wondering, “What homes are selling for at Smith Mountain Lake, Virginia?” you’ve landed in the right spot. Bookmark this page to see the latest Smith Mountain Lake real estate transactions. Bonus Links: Luxury Waterfront Listings at Smith Mountain Lake ($800,000+) Waterfront Listings at Smith Mountain Lake ($0-$799,000) Lake Access Listings at Smith Mountain […]
Is the Real Estate Market Going to Crash?
While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated whether […]
New Year, New Home? Set Homeownership Goals Whether You’re Buying, Selling or Staying Put
The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021. Home […]
5 Secrets Buyers and Sellers Must Know About Virtual Home Tours
For years now, virtual home tours have helped real estate buyers far and wide find the perfect home. From long-distance military personnel being relocated, to investors expanding their portfolio, to homeowners looking for a vacation getaway, this technology makes finding a house that’s a bit out of driving distance much easier. And for real estate […]
Is now a good time to buy or sell real estate?
Traditionally, spring is one of the busiest times of the year for real estate. However, the coronavirus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. In April, new listings fell nearly 45%, and sales volume fell 15% compared to last year.1 Fortunately, as restrictions have eased, we’ve seen […]
Smith Mountain Lake Real Estate Market Update
Here is your monthly Smith Mountain Lake Real Estate Market Update for single-family homes, condos, townhomes and lots. Continue scrolling to see historical data as well as recent sales info on properties in SML’s most popular communities. QUICK LINKS Click a name below to quickly jump to the report for that community. Bernard’s Landing Boxwood […]
The Time is Ripe for Your Smith Mountain Lake Home Remodel
Up the ante on your annual spring cleaning by tackling that list of home improvements you’ve dreamed of making to enhance your Smith Mountain Lake property. With an improved economy, builders ready for work and better weather for large-scale projects, there’s no time like the present to check off your list of projects. What’s more, […]
Healthy Finances, Get Pre-Approved
In our last post we began a series on smart ways to approach home ownership, starting with healthy finances. Properly preparing for your Smith Mountain Lake home will make sure the heavy responsibility of property ownership doesn’t become a burden outweighing the blessing. For financial advise, we turn to one of the country’s most respected […]
Healthy Finances, Happy Home Ownership
Finding a perfect family home at Smith Mountain Lake is easy. But the responsibilities of home ownership will be more of a burden than a blessing if home buyers aren’t properly prepared. An expert real estate agent like Deb Beran can be the most valuable resource for a Smith Mountain Lake home buyer, but there […]
Summer’s End Great for Home Selling
The months between Memorial Day and Labor Day are peak season for home selling across the nation, Smith Mountain Lake included. If you’re one of the many home owners at Smith Mountain Lake looking to sell your property, let us help out with a few tips from a recent article in Forbes Magazine. Though this […]