Smith Mountain Lake Real Estate: Mortgage Rates 2011

Act Now or Miss Out…

is what we’re hearing from our mortgage reps…..

Yes, although mortgage rates dipped slightly between last week and this week:

Product Rate +/- Last week
30 yr fixed 4.75% 4.91%
15 yr fixed 4.06% 4.24%
5/1 ARM 3.49% 3.73%

“The last thing you should do is wait”
has been both local and national lending message.

Frankly, I agree with them, as in all years prior….
It’s winter, we’re coming out of a recession, and people
are grabbing both awesome home deals from last
summer’s leftovers, as well as, killer rates on
30 yr. fixed…..

The time to lock in, is now, because…..most banks take 45-60 days to close—
  1. Go get pre-qualified
  2. Find out how much you qualify to borrow
  3. Measure that amount with what you feel comfortable paying
  4. Ask Your Mortgage Rep How Quickly They Can Close
  5. Shop For Smith Mountain Lake Real Estate
  6. Lock In Your Mortgage Rate Quickly
  7. And Close!
Happy Days!

You could be in your Lake Dream Home before anyone even knew you were
shopping….and the best part is, you can start right here, right now,

Call or Email Me TODAY!

540-420-1294               noreenhartkern@yahoo.com

Noreen Hartkern

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com

Smith Mountain Lake Real Estate | New Year’s Edition 2011

Smith Mountain Lake
“The Smith Mountain Lake Edge” Insider
New Year’s Edition 2011

Author Noreen Hartkern c. 2011
“The Year They Said It Couldn’t Be Done! 2010”
Wow!  What a Year!

Despite the fact that we were constantly being fed “Gloom and Doom” with a Power Shovel and Bucket Loader….Smith Mountain Lake sales soared.

Remember, This was an exhaustive year of CNN, local news, morning shows all telling us how terrible the economy was, how many people are without J.O.B’s [just over broke] and how real estate would never make a comeback because of the multitude of foreclosures. Well, once again, just like our meteorologists, main street media was dead WRONG! In fact, retail sales during the holidays were at an ALL TIME HIGH in the U.S. with something like $500 million in holiday sales!

So how do you explain that?
Smith Mountain Lake has proven, once again, to be strong and resilient in the face of this downturn, and people are seizing the day and grabbing their  dream homes!

So, for those of you who love statistics and data, here is 2010 in a nutshell…

199 Smith Mountain Lake Waterfront HOMES

Sold and Closed 2010

47 Smith Mountain Lake Waterfront LOTS

Sold and Closed 2010

69 Smith Mountain Lake ACCESS HOMESSold and Closed 2010
16 Smith Mountain Lake ACCESS LOTS

Sold and Closed 2010

27 Smith Mountain Lake WATERFRONT

Pending and Poised to Close
LOOK AT THE MILLION $$ COMMERCIAL UNDER CONTRACT!

 

6 Smith Mountain Lake LAKE ACCESS

Pending and Poised to Close

 

 

THAT’S 364 ROCK-SOLID SALES IN THE MIDST OF WHAT THEY CALLED “A RECESSION, TURNED DEPRESSION”…..YEAH RIGHT! DON’T YOU JUST LOVE PROPAGANDA!????

 

SO…What’s Still Available?

Get “The Smith Mountain Lake Edge”

SIGN UP FOR OUR FREE MLS SERVICE TO FIND OUT!


And in all sincerity, I hope this finds you Happy, Healthy and Prosperous in the New Year!

Cheers!

Noreen

 

 

 

P.S. So….once again, you may be asking yourself those age-old questions:

“Did I miss the recession?”
“Are there any ‘deals’ left?”
“Can I see a whole list of foreclosures?”  You could if there were any!
“What’s Left That I Can ‘Steal’?”

And I can tell you that there are a few deals left, BUT! you need to make written offers in order to get them!

Did you know that you don’t even have to be here physically to do that???

I’m not advising you to do that, but! If you found a home or lot that you absolutely didn’t want to miss out on but couldn’t get here for a week or two, here’s how you could handle that:

You write an offer  “Subject To: Touring the property in person “(with your spouse, with you business partner, with your home inspector)  and after a successful tour, you remove that “subject to”/”contingency” and then you finalize plans to close on the property.

In this way, if a seller accepts those terms and signs the contract, you will be first in line to tour the property and make your decision. That’s how that’s done, and believe me, it happens more often than not in resort areas because EVERYONE lives out of town before they get here!



Scheduling:
If you are thinking about coming to  the lake  to look at homes, I just wanted to let you know that my  Winter Calendar is as follows: I am available 7 days a week, and weekdays are always easier!

Just let me know by calling or emailing me As soon as humanly possible.
email: noreenhartkern@yahoo.com cell: 540-420-1294

————————————————————————-

Financing:
So many of you can’t wait to fulfill you dream of owning a lake home, and I’m here to help you with that,but you may be wondering how much you can really afford. Contact your local lending institution or if you are looking for a  Smith Mountain Lake Lender, contact a Smith Mountain Lake loan officer and tell them I sent you so that you receive optimum care and guidance!

Noreen Hartkern
WAINWRIGHT & CO (AT THE LAKE)
16503 B. T. WASHINGTON HWY
MONETA, VA 24121
noreenhartkern@yahoo.com
540-420-1294
http://www.smithmountainlakefronthomes.com/

EMAIL ME IF YOU WANT TO RECEIVE THIS INFORMATION REGULARLY!!!

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com

Smith Mountain Lake Real Estate 2010 Sales Stats

Wow…What an incredible year!!!

It’s strange how quickly time goes when it gets to the holidays.

Traditionally we reflect on how lucky we are, our many gifts and blessings of family and friends, great food, great company, and………..

how  the Smith Mountain Lake Market faired!

Well, this year, I’ll keep it short and sweet…

Here are the numbers to know………… 247, 84, 331

247 – Smith Mountain Lake Waterfront Homes, Lots, Condos and Townhomes SOLD AND CLOSED between December 28, 2009 and December 28, 2010

84 – Smith Mountain Lake Access Properties SOLD AND CLOSED between December 28, 2009 and December 28, 2010

———————————————————————————-

That Actually Accounts For A Rock Solid Year:

331 -TOTAL Smith Mountain Lake Related Properties SOLD AND CLOSED between December 28, 2009 and December 28, 2010

If you, or someone you know would be interested in this information in a detailed report, don’t hesitate to contact me at: noreenhartkern@yahoo.com

<or>

if you are interested in receiving FREE Smith Mountain Lake Real Estate MLS, just fill in the form to the right, or visit: http://smithmountainlakefronthomes.com/free_report.htm

Well, as promised, that’s it for today from the Smith Mountain Lake Real Estate Reporting Center! Again, we have the detailed data to support our findings and if you are serious about purchasing Smith Mountain Lake Real Estate in 2011, this is the information that you should have in your possession!

All the Best!

Noreen

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com

Smith Mountain Lake Mortgage Rates All-Time Low!

It’s funny how you can say something and then have some of the biggest websites on the internet back you up!

The fact is, Market Watch posted an excellent article about what’s going on out there in the borrowing world  How about a 30-Year Fixed for 4.19%?
You can check out the whole article here: http://www.marketwatch.com/story/30-year-fixed-rate-mortgage-avg-at-all-time-low-2010-10-14-1025140

How incredible is that? 

Well…I can still remember 14% in the 80’s!!!
Here’s the only problem I see…

We’re running out of inventory below $500K—Yep, you read that right! The loans are so attractive, that homes are moving very rapidly.

So much so, that these are real numbers pulled today, October 14th,2010:
263 Lake Properties have Sold and Closed since Jan 1st and there are another 51 Under Contract right now waiting to close with quite a few of those 51 going under contract since Labor Day!

To have the aforementioned report emailed to you, drop me a quick note at noreenhartkern@yahoo.com

On a lake where the most expensive homes right now on the market hover around $5Million, remember that $500K is an absolute bargain!

Get on Smith Mountain Lake while there’s still time!

Go here to get started:
http://smithmountainlakefronthomes.com/free_report.htm

and let’s talk soon!
Noreen

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com

Smith Mountain Lake: Don’t Miss the Boat!

Are you Missing the Boat at Smith Mountain Lake?

Wow…when I look at sales and properties under contract
I am constantly reminded that we are doing great here at the lake…it was so busy yesterday on the water and that’s a testament to the economy here and the message that Smith Mountain Lake is alive and well.

What’s interesting and perplexing though, is the number of people who are still waiting for the bottom to drop out….not hundreds of you, but literally thousands of people surveyed by their agents about lake property! That’s a lot of people who are missing out on only a few hundred properties to choose from…….

Here are some secrets that perhaps you don’t understand….when you get listings that say, “reduced….reduced”…and then again in a few days, you get that house again, and it says “reduced”….it’s a marketing tactic by both the seller and their listing agent….

98% of what you receive are NOT my listings….at all…..
I’ve been a “Buyer’s Agent” for almost 10 years here now and want you to know secret tactics which everyone else employs…they THINK they’re savvy….but they’re really not….

You see…you guys are set up with auto emails…which you like to open each day at your leisure…that’s awesome….but here’s one of the tactics agents are using to get you to click on their properties or at least take a look, a million times:

They have a written agreement with their sellers to lower the price let’s say…$100/week….so….you end up seeing that property at least once a week…the perception is that you think prices are going down, down, down. But what’s really happening in your subconscience is this: you either grow to hate that house that you are being forced to see…OR you think I’M sending it because I’m trying to SELL you on a particular house…Nothing could be further from the truth!

At any rate, that tactic seems to backfire more than anything.

Frankly, the only thing that concerns me is when people wait around for years and miss once-in-a-lifetime “recession type” pricing…….this is the last chance to buy low and sell higher at Smith Mountain Lake and I truly see a pattern where people are looking, and looking and not visiting and not taking any action…

I can’t stop agents from doing stupid things with the database….and I can’t make anyone buy lake property, but I CAN tell you that if you want to get in on some real deals then you have to have a plan….and you definitely don’t want to wait until next season because blogs all over the internet have already put out their stastical data showing resort and luxury property sales on the rise….other than Florida and Gulf Coast…of course. AND TO THAT REGION OF THE UNITED STATES, WE SEND OUT OUR HEARTFELT SUPPORT, THOUGHTS AND PRAYERS FOR A QUICK CLEAN UP AND RECOVERY!

You need to know whether or not you need to borrow
a “jumbo” mortgage which is now more than $417,000 loan….Less than a jumbo? Well that’s great! Because mortgage rates are at an ALL TIME LOW!

Do you have 20% to put down? That helps you avoid PMI
Do you have less than 20%? No problem! There are products for that and local lake lenders are here to help…but you will have to pay mortgage insurance.

You only need a small property to get on the lake….later, you can sell that property and bump up with the leverage of what you have gained on your property sale…take the same sized mortgage and get a larger home….some people do this every 2-5 years and work their way up to mansions and estates…..

If you just need a small place on the lake, figure about $330,000 and up—even for a doublewide…and that’s been consistent for the past 4 years. That’s the bare minimum, and for trailers of any kind, you need cash because almost no one will lend on them now……..

So…here are our sales for the lake so far:

Waterfront Sold and Closed:
To See All 86 Click Here

Lake Access Sold and Closed:
To See All 33 Click Here

Smith Mountain Lake Lake Access and Waterfront Under Contract:
To See All 53 Click Here


I certainly hope that these updates help…..the best advice I can give you is to be ready to take action when you see what you want because as you can see, there are already 172 properties off of the table

It’s time to take action and go grab your American Dream!
Everyone Else is………….What are You Waiting For?

All the best!
Noreen

P.S. The links above will only stay live for 2 weeks…if you would like these reports, you must sign up for a FREE FlexMLS Account by GOING HERE NOW:   http://smithmountainlakefronthomes.com/free_report.htm

ABOUT THE AUTHOR: Noreen Hartkern is a well-respected Zillow 5- Star Agent on Smith Mountain Lake, Virginia, with over 20+ Years of Real Estate Expertise. Noreen is an Accomplished Realtor, Real Estate Consultant, New Construction Specialist, Blog Writer & Photographer. In Addition to Listings and Sales, Buyers and Sellers Agency, She has Extensive Experience as a Home Renovator, Rehabber and Flipper, and is a Published Author on That Very Topic.

Her Passion is Living and Working the Waterfront Lake Life and Helping Her Clients Find Lakefront Properties and Hidden Gems. Noreen is also an Accomplished Vocalist and Musician and Prides Herself on Being a Self-Made Entrepreneur. Quite Simply, Noreen is Your Smith Mountain Lake Resource for ALL THINGS Real Estate and Is UNIQUE IN HER APPROACH of Making ANY Real Estate Transaction FUN!!!!!! #SeriouslyFUN

Want "The Smith Mountain Lake Edge"? LOVE Super-Stealth BARGAINS on Smith Mountain Lake? Want to KNOW WHERE THE DEALS ARE BEFORE ANYONE ELSE DOES? GET NOREEN'S SECRET FREE SML REPORT The Bottom is OVER...Grab Some Deals Before they're all GONE!

See You Here Soon! Noreen Hartkern Mobile – (540) 420-1294 noreenhartkern@yahoo.com