#smith mountain lake real estate
SMITH MOUNTAIN LAKE FACTS
With 550 miles of shoreline, a glistening clear-water lake set against scenic mountains, temperate weather, and a small town atmosphere, Smith Mountain Lake is an excellent place to live, work, or just kick back and relax. Watch an introductory scenic area Tour or view the map to locate Smith Mountain Lake maps.google.com
Values are the best they have been since 2004 making this year an excellent time to invest in your future. Click the Documents-Downloads section for Market Trends and other information about Smith Mountain Lake. Get Daily Reports. new listings sent directly to you daily by e-mail.
Smith Mountain Lake was created in 1966 to produce hydro-electric power for the Appalachian Power Company. More info.
BYE BYE BUYER’S MARKET: TIPS FOR WORKING WITH CLIENTS WHO CAN’T LAND A HOME (by Zoe Eisenberg, RIS Media) – It’s official: the buyer’s market is behind us. With the market improving, the real estate industry is abuzz with positive news every day. While increasing prices and multiple offers may be a dream for a seller, it may be a nightmare for a buyer. To see more.
BUILDER CONFIDENCE HITS HIGHEST POINT SINCE 2006 – Our sources at RISMedia tell us that builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home Builders Housing Market Index (HMI) for November, 2012. This marks the seventh consecutive monthly gain in the confidence gauge and brings it to its highest point since May of 2006. To see more.
CONTINUED HOUSING GROWTH PREDICTED – Home sales in the greater Roanoke Valley remain strong. A comparison of October, 2012 with October, 2011 reflects a 21% increase in home sales and a 20% increase in the number of homes placed under contract.
On the National level, home sales volume and prices are poised to keep improving over the next two years, according to NAR Chief Economist Lawrence Yun, speaking at the recent NAR Convention. He expects the national median home price to rise 15% by 2015 as compared to today’s level. To see more.
IMPORTANT NOTICE FOR BUYERS IN VIRGINIA – You will be hearing a lot about the new Virginia law that went into effect July 1, 2012. Lake Team Realty and its staff of experienced REALTORS are dedicated to the ethical practice of real estate and will be happy to explain how the law benefits YOU, the consumer. Your Realtors Role – A full explanation of the new law by the Virginia Association of Realtors
GOOD NEWS FOR SMITH MOUNTAIN LAKE CONDO OWNERS AND CONDO BUYERS -The Federal Housing Administration eases condo restrictions. Click for details.
VAR BUZZ: TRULIA: BUYING 45% (!) CHEAPER THAN RENTING To view article.
CREDIT SCORING PART I – Good Credit Translates into Lower Rates for the Consumer. To view article.
CREDIT SCORING PART II – The Five Factors of Credit Scoring. To view article.
CREDIT SCORING PART III – Dealing with Challenges. To view article.
THE 2011 MOVIE, LAKE EFFECTS , was inspired by its Smith Mountain Lake location and showcases the beautiful scenery of this Southwestern Virginia community. To learn more.
LAKE TEAM REALTY is IT at Smith Mountain Lake. WE KNOW the lake and know that you demand INTEGRITY TRUST when choosing a Multiple-Listed REALTOR to represent YOU. Our reputation guarantees you top quality service, negotiation expertise and a no-hassle/no-pressure buying experience.