Property Value Factor #7: Lot Size We often get first inquiries from people asking for the typical price of property per acre here. While there are rare individuals who want more acreage, most buyers value the factors discussed above so …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #5
Property Value Factor #5: Location This issue is way down the list here at Smith Mountain Lake because the location is already established. Everyone choosing to buy at Virginia’s Jewel of the Blue Ridge already has THE location, wherever they …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #4
The 4th “key factor” that defines the real estate market in Smith Mountain Lake, VA, is the quality of the homes.
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #3
Property Value Factor #3: Waterfront What does “waterfront” mean in this context? This is a catch-all phrase. This issue is often third on folks’ lists but is sometimes first or second. Factors may include: Length of Shoreline Though many buyers …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #2
Property Value Factor #2: The Slope We’ve looked at factor #1, the view, so now it’s time to see a second factor that affects how waterfront real estate is valued. “The Slope” often runs a close second behind view, and …
How is Smith Mountain Lake Waterfront Property Valued? – Key Factor #1
Many people looking at home listings over the web are surprised when they see the wide variation in home prices here at Smith Mountain Lake. They wonder why a beautiful, large waterfront home is priced hundreds of thousands lower than …
Smith Mountain Lake: The Normal Rules Don’t Apply
Smith Mountain Lake real estate is a very unique market – one that I’ve never experienced before in my career. In most markets, there are only a few factors that determine a property’s desirability and price – pretty much the old adage, “location, location, location.” But at the lake, there are many other complex factors – and sometimes they throw the newbie in for a loop.
SML Real Estate: Short-Term Opportunity, Long-Term Windfall
Advantages for the Short-Term It is no secret that the national real estate market is in a slump. This slump has hit investors especially hard, and those holding waterfront property at Smith Mountain Lake, VA, are not exempt. This is …