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 summer started with a bang for home selling, its end may be even more impressive. Forbes states that Fannie Mae and Freddie Mac are loosening bank lending rules, which will be in effect by summer’s end. This is in conjunction with the nation’s largest lender, Wells Fargo & Co., reducing its minimum credit score allowance for lending to 620 AND falling interest rates. With all of this encouragement, home buyers will be even more intentional in finding the Smith Mountain Lake home of their dreams.
So don’t wait, get your home ready for purchase and on the market before this real estate transition takes place, and keep in mind that many buyers may wait to bid until these qualifying changes are established. Call Deb Beran, a trusted Smith Mountain Lake real estate agent now to guarantee a positive selling experience.