Posts with tag 'Second homes'

It can be a difficult act to juggle selling your current house and buying a new house at the same time. In a perfect world, you'd sell your current house first before you buy a new one, but the fast-paced nature of today's real estate market can make this difficult.

Still, there are options to help you navigate this tricky transition, and if your Realtor knows your needs, he or she can help you decide which tactics are in your best interest.

Buying with a sale and settlement contingency

A sale and settlement contingency works along the lines of: "My offer for the new house is only good when I have sold my current house."

Because your offer will only be valid if you are able to sell your current home, sellers can sometimes be unreceptive to this type of dea, parti...

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For most people, a home is the largest investment of a lifetime. So, buying a second home isn't something that happens without careful consideration and planning. Whether you're looking for a vacation home, a property you plan to rent or the home where you'll retire, you'll need a solid strategy for purchasing the home and for managing the property once it's yours.

I've worked with many buyers who are looking for their second homes, especially around Smith Mountain Lake, and the challenges vary, depending on the planned use for the home and the financial situation of the buyer....

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Have you been counting the for sale signs in your neighborhood? In most places around the greater Roanoke Valley, they're going up quickly as more and more sellers enter the market. Buyers, encouraged by lower-cost financing and lots of quality properties to choose from, are taking the plunge on that next new home.

Buyers who have been considering an...

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Outdoor living spaces are central to life at Smith Mountain Lake. As we shrug off winter and temperatures begin to warm up, a comfortable deck can host as much of your day-to-day living as any room inside your home.

Spending a little time now to spruce up your deck can make summer entertaining and everyday living as comfortable outside as it is inside. Couple that with proper maintenance to ensure safety and maintain the deck's value.

Maintenance

Inspect your deck each year...

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If you've been thinking about buying a vacation home at Smith Mountain Lake or elsewhere, you're not alone.

Vacation-home sales for 2015 were at their second-highest level in almost a decade, according to a report released this month by the National Association of Realtors. That's more than 900,000 properties sold across the country last year.

The annual report included several cha...

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