Category — Welcome New Members

Ken and Linda Bishop
10603 John Ayres Drive
Fairfax, VA 22032

John Boitnott
5 East Court Street, #301
Rocky Mount, VA 24151

Dennis and Kelli Cooper
11 Nyle Ridge Road
Wirtz, VA 24184

Joe and Tiffany Franks
500 Hawthorne Drive
Danville, VA 24541

Lisa Greer
143 Grand Harbour Ct.
Hardy, VA 24101

Jeffrey and Nancee Jon
1692 Snidow Drive
Goodview, VA 24095

Douglas and Faye Lester
72 Crestwood Drive
Boones Mill, VA 24065

Howard T. Pack, Sr. and Sue Dalton
116 23rd Street
Roanoke, VA 24014

Mike and Terri Robertson
79 Meador Drive
Moneta, VA 24121

Tracy D. Cox
13010 Booker T Washington Hwy #130
Hardy, VA 24101

Don Giles
3852 Peakland Place
Lynchburg, VA 24503

Gregg Ketterer
155 Journeys End Drive
Wirtz, VA 24184

Mike and Lynn McElvain
2332 Wysong Mill Road
Hardy, VA 24101

Darren and Karen Maydian
235 Waverly Lane
Moneta, VA 24121

Sheldon C. and Betty J. Nichols
110 Sunset Pointe Drive
Moneta, VA 24121

Robert and Linda Young
77 Sunview Circle
Moneta, VA 24121

George Berndt
34 Golf Villa Drive
Moneta, VA 24121

Tom and Becky Brown
155 Cambridge Court
Hardy, VA  24101

Ed and Barbara Choate
220 Walnut Trace Drive
Hardy, VA  24101

George and Elke Crutchfield
100 Baywood Drive
Moneta, VA  24121

Brian and Pamela Ruggieri
135 Windmere Trail
Moneta, VA  24121

Miriam Stansbury
60 Scarlet Street
Hardy, VA  24101

Donald Worlledge
280 Peninsula Point Drive
Moneta, VA  24121

Everywhere you turn you find a different prediction for the National Real Estate Market about where it is headed and how long it will take to recover. Prudential Waterfront Properties at Smith Mountain Lake is happy to be experiencing an increase in traffic, our pending contracts are increasing steadily with each passing month and we continue to see more buyers ready to come to the closing table.  This market has been an education to many of us and here are some points that we have found to be true and would like to share:

• Use a REALTOR!  This is not the time to be in a real estate market without professional guidance.
• Foreclosures are not for the fainthearted.
• Short sales should be called “long sales” and can be very stressful on both buyer and seller.  We are finding that many short sales may take weeks or even months to complete once the contract is ratified between buyer and seller.  Buyers be aware that this can be a lengthy and emotional process.
• Buyers should note that not all sellers in today’s market are distressed sellers.  Extreme “Lowball” offers on properties that are not distressed situations will seldom work and will often result in an offended seller who will not negotiate with you at all.  Have your REALTOR communicate with the seller’s REALTOR to determine their level of motivation.
• Sellers, price is key. A property will not sell until it is priced properly. Your REALTOR can prepare a market analysis to determine proper pricing. For best results, price it right from the beginning.
• If you are selling a property and buying another, whether downsizing, upsizing, or relocating, remember while you may get less than you had hoped for on the property you are selling, this difference may be more than offset by the “deal” you get on the purchase of your new property.

Since we don’t have a crystal ball you won’t know that the market has bottomed out until it is too late!  There are some fantastic value opportunities available to buyers right now and interest rates are still at historic lows.

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Prudential Waterfront Properties markets property throughout Smith Mountain Lake and the surrounding areas. As members of the Multiple Listing Service, Prudential Waterfront Properties REALTORS® are able to assist buyers and sellers with all listed properties in a variety of price ranges and locations throughout the lake and surrounding areas. Prudential Waterfront Properties REALTORS® are consistent leaders in sales as well as customer and client service. Visit online at www.smithmtnlake.com.