As we start to enter the last quarter of 2020, we are waiting with bated breath to discover what the year’s end will bring us, desperately hoping the experiences will be a lot happier than the ones we’ve endured during the first three quarters. This hasn’t been the greatest year, that’s for sure, but what if we could make our own luck during the remaining months? What if something as simple as buying a new house, or selling our old one, could be the impetus for a period of time filled with good fortune and happiness? This guide to real estate updates in the Smith Mountain Lake area could be the solution to all your troubles, and our helpful and knowledgeable agents are ready to help even more!
Good News for Sellers
Real estate moves in cycles. Sometimes it’s a buyer’s market, and at others it’s a seller’s market. If you’re thinking about selling, now is the perfect time! There are definitely more people ready to buy into the peace and tranquility of lake life, meaning you can expect that your piece of paradise could really help add to your coffers. Of course, the uncertain economy may mean you might have to wait a little longer for the perfect buyer, but is it that much of a heartache having to stay in your home on the lake a little longer? We didn’t think so!
Exciting Opportunities for Buyers
Yes, it is a seller’s market, but don’t let that discourage you from making your lake life dream come true! If you have patience, vision, and a creative budget, it won’t be hard to find your piece of paradise, especially if you’re willing to purchase a plot of land and build on it. There’s no instant gratification going this route, but you won’t have to settle for someone elses dream; every cabinet, paint color, and room size will be decisions that you make on your own!
Mortgage Rates Are Down
This little tidbit of news is good for everyone, as lower mortgage rates help buyers keep costs in check and allows sellers to spend a little more than they planned. Lenders are, however, demanding more from buyers before giving loans, so if you are looking to buy but your credit is a little shaky, you may want to wait a little longer and work on cleaning up your payment history.
Ready to Take the Plunge?
Everyone needs a little good news in their lives right now, so if you’re ready to start the search, we’re ready to help you find the home of your dreams. Give us a call today!