This is my HAPPY NEW YEAR and Bold Predictions for 2017 Edition of “The Buyer’s Edge”
I was trying to get this out 3 weeks ago,
but the holidays got in the way a bit….and as such,
some of my predictions are now coming true….
ALREADY…strange as that sounds….
So! Here we go!
Buyers are having difficulty finding what they want
in the lowest priced waterfront homes (everywhere, actually)
so they are turning to the idea of buying lots and building
Builders have moved to Smith Mountain Lake from other areas to compete for your business [happening already] and some moves surprised even me…despite the fact that I knew it was coming. Builders KNOW the slump is OVER….. they are trying to build while materials are still affordable…..material costs are based on commodities markets and gas prices to get the materials where they need to go. NOW is the time to build if you are thinking that way….
We are losing yet another notch in the “low priced waterfront home market”….as you can see $200K’s are gone and almost all of the $300K’s are gone, or not really that appealing…but don’t let that stop you…remember….Scripps Network –HGTV and other channels– makes BILLIONS of $’s teaching DIY’ers how to fix and flip their properties or stay put and ENJOY THEM. There are still several here to fix up, but the inventory is dwindling as you have already seen.
Mortgage rates are going up due to the Feds first increase of about 3 or 4 due this year [happening now]Even though mortgage rates are at about a 30 or 40 year low at this point….a 30 -year fixed is already up an entire point since I wrote about this, this time last year….and as the Feds raise the rate, so too will banks respond in kind…it’s just how it works…it’s always been this way.
Check out bankrate.com to follow information on this.
Mortgage Companies KNOW that slump is OVER….[more evident than ever]
Several mortgage companies like Embrace and Movement Mortgage have moved to
Smith Mountain Lake, when no one was looking, and are waiting for your business.
****IF YOU ARE CURRENTLY RENTING ON THE LAKE…LIKE SEVERAL OF YOU ON THIS LIST, YOU ARE ABOUT TO LOSE $THOUSAND$ UNLESS YOU BUY NOW…..please take this seriously….****
This is NOT a Political Statement, whatsoever….it’s a FACT.
We are facing a “Changing of the Guard” in the White House….
This president-elect (love or hate him) has said that he
will pump $1 Trillion into infrastructure….in the first 100 days….
That will improve roads and bridges EVENTUALLY….
but it will also congest things initially….and that money
has to come from someplace…..
Time to think about YOUR retirement before taxes go up
where you are now.
The only thing we really lack here at Smith Mountain Lake is more Restaurants!!! 🙂
So if you happen to be a restaurateur/restaranteur…or always dreamed of being one, we need you….let’s find you someplace to make your signature dish!
That’s it from snowy Smith Mountain Lake!
If you want the BEST priced property, be sure to
get a 2016 “leftover” Under Contract BEFORE
February 28, 2017
It will pay DIVIDENDS if you take my advice!!!
All The Best!
If you are ready to make an appointment to get on my 2017
Calendar, then, simply send me an email, or call me 540-420-1294
If you have friends interested in purchasing, then let’s get them
on this list so that they can also receive SML MLS Listings for FREE!
Talk to You Soon!
|Noreen Hartkern , FOUNDER of: smithmountainlakefronthomes.com, http://smith-mountain-lake-realty.com/ A Realtor, Real Estate Consultant and Real Estate Coach on Smith Mountain Lake
WAINWRIGHT & CO., REALTORS (LAKE)16503 BOOKER T WASHINGTON HWY MONETA, VA 24121 540-420-1294 firstname.lastname@example.org