Looking for lake property in the Mid-Atlantic region? Smith Mountain Lake just may be the lake for you. Nestled into the foothills of Virginia, Smith Mountain Lake offers a rural, relaxed lifestyle, surrounded by the beauty of rolling farmland and mountains. Close to the cities of Roanoke, Bedford and Lynchburg, this lake has grown to give the boating enthusiast, and nature lover, a wonderful vacation destination or a relaxing, safe environment to retire in.
Lake home prices rose significantly from 2003 to 2005, catching up with other comparable lakes to the North and South, however, we are seeing the anticipated price adjustments. Many of our buyers are taking advantage of the high inventory and purchasing a beautiful lake home at a significantly reduced price, making for a sound investment and home they can enjoy.
With our excellent buyer representation, we are able to sit down with our buyers to find out what type of property suits their needs and their budget. Many different issues effect our buyers, from location on the lake, proximity to different cities, desire to place their home in the rental programs, to the type of property they prefer. We listen to your desires, offer our experience and advice and work together to find the property that suits all your needs.
Searching the internet is an easy way to become familiar with property values at Smith Mountain Lake. Lake home prices generally start in the low $400,000 range, with the most abundant inventory in the $600,000 to $700,000 range. Sellers are looking seriously at most offers, even offers written 15% lower than the asking price. In many of our sales contracts we are asking the sellers to pay incentives to the buyers, making a good deal a better deal for our buyers. Internet access to our local Association of Realtors is available on our website at www.SeeTheLake.com, and will give you access to the full Multiple Listing Service serving the lake. Make sure to search property prices higher than what you feel comfortable paying, to take advantage of the current buyer’s market. When you locate properties that interest you, email or call us with the MLS numbers so that we can bring to your attention any pertinent information about the property, and email you a full detailed report and listing history. We make sure all our buyers are up to date on current market conditions and knowledgeable on property values so they can make the best offer they can.
Purchasing a lake property should be an easy, pleasant experience. We offer our 20+ years of experience to you, to make sure your transaction goes smoothly and you get the best deal you can at Smith Mountain Lake. Call or email us and we can get started today. Looking forward to hearing from you,
Carol
Carol Myers, Owner/Principal Broker
See The Lake, Realtors, Inc.
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Mid-Atlantic Commercial offers the Hampton Roads, Virginia region unparalleled expertise in retail, office, and industrial sales and leasing services. Our goal is to satisfy the needs of each and every client by providing creative, comprehensive, and proactive real estate solutions with the utmost of integrity and professionalism.
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