Be Mindful of your Safety and Property During your Smith Mountain Lake Homeselling Process

If you’re selling your Smith Mountain Lake home, you have enough to think about without worrying that your home isn’t safe, or that your things may be stolen.

Yet, whether from open houses or scheduled showings, strangers are coming and going in your house all the time. By taking a few safeguards, you can ensure that you don’t need to worry about such things and better protect your belongings in the long run.

Of course, the easiest solution is to remove valuable jewelry, fine art or collectables beforehand, storing them with a friend or family member. If that’s not an option, then find a place to hide valuables in the home or keep them with you in a suitcase and take the suitcase with you in the car every time you leave yourself.

This should also be done for personal information and file cabinets that may contain papers with your account numbers and/or social security information. And don’t forget the medicine cabinets, as this is often an area that people steal from.

You should always keep your doors and windows locked and when returning to the home following a showing, double-check that they remain secure. Often, prospective buyers will open windows or doors to make sure they work or to see another part of the home. Although it may seem far-fetched, there have been incidents where people unlock doors when looking at a home and go back later to steal things.

One tactic involves people coming to the house multiple times and bringing a new person with them, who explores rooms when the agent is being distracted.

“While one person has your attention, the other raids jewelry boxes and medicine cabinets for narcotics,” said Robert Siciliano, an ADT.com security consultant who offers real estate advice on his blog. “In high crime areas, consider hiring an off-duty police officer to watch the property during a showing. You can’t possibly watch everyone during an open house.”

It may seem like a silly time to install an alarm system since you will be moving soon, but adding a security system will not only deter burglars but can also be a strong selling point of the house. People like safety features in the home.

If you are selling a Smith Mountain Lake home in which you’re not currently living, consider installing motion sensors that will automatically turn on lights when it’s dark. You can also put a few lamps on a timer so it appears someone is home when you’re out.

Reach out to your neighbors as well and ask them to keep an eye on your place. It’s always a good idea to introduce neighbors to your Prudential Waterfront Properties REALTOR® so they know things are OK when the agent is on the premises.

By taking a few extra precautions, you can feel safe and secure during a home sale.

Happy President’s Day

Although this holiday started out as a celebration of Washington’s birthday, as you can see from the excerpt from Wikipedia below, a very keen marketer made it a bigger holiday.

As the first federal holiday to honor an American citizen, Presidents Day was celebrated on Washington’s actual birthday, February 22. On January 1, 1971, the federal holiday was shifted to the third Monday in February by the Uniform Monday Holiday Act. This date places it between February 15 and 21, which makes the name “Washington’s Birthday” in some sense a misnomer, since it never lands on Washington’s actual birthday, February 22.

An early draft of the Uniform Monday Holiday Act would have renamed the holiday to “Presidents’ Day” to honor the birthdays of both Washington and Lincoln, which would explain why the chosen date falls between the two, but this proposal failed in committee and the bill as voted on and signed into law on 28 June 1968, kept the name Washington’s Birthday.

By the mid-1980s, with a push from advertisers, the term “Presidents’ Day” began its public appearance. Although Lincoln’s birthday, February 12, was never a federal holiday, approximately a dozen state governments have officially renamed their Washington’s Birthday observances as “Presidents’ Day”, “Washington and Lincoln Day”, or other such designations. However, “Presidents’ Day” is not always an all-inclusive term.

Smith Mountain Lake Realtor Adam Lynch Elected to RVAR Board

Congratulations to Adam Lynch with Prudential Waterfront Properties, located at Smith Mountain Lake, who was elected as a new director on the Roanoke Valley Association of REALTORS board at a recent Installation and Awards Ceremony. Melissa Morgan of Renaissance Real Estate was installed as RVAR’s President. Also installed were Betty Kingery as President-elect and Donna Greer as Vice President. In addition to Adam Lynch, one other new director, Bryan Musselwhite, was installed. Jeff Snyder and Richard Wimberley were installed for a second term as Directors.

During his Real Estate career, Lynch has earned multiple real estate certifications including the Accredited Buyers Representative® (ABR), Graduate of Real Estate Institute (GRI), and Short Sales & Foreclosure Resource (SFR). Lynch is a member Virginia Association of REALTORS®, National Association of REALTORS®, and Smith Mountain Lake Chamber of Commerce. He is a graduate from University of Tennessee at Knoxville and earned a B.A. degree in History. Lynch is a native of and currently resides in Franklin County with his wife, Allyson.

Lake Effects Movie Premiers May 19 on Hallmark Movie Channel

‘Lake Effects,’ A Hallmark Movie Channel Original With An All-Star Cast Has Its World Premiere May 19

Scottie Thompson, Jane Seymour, Madeline Zima, Jeff Fahey, Ben Savage, Eyal Podell, Sean Patrick Flanery and Casper Van Dien Star

Hallmark Movie Channel announces the World Premiere of the Hallmark Movie Channel Original film “Lake Effects,” starring Scottie Thompson, Jane Seymour, Madeline Zima, Eyal Podell, Sean Patrick Flanery, Ben Savage, Jeff Fahey and Casper Van Dien premieres on the network, Saturday, May 19, 8 p.m. ET/PT, 7C.

“Lake Effects” is the story of a high powered attorney Sara (Thompson) who while on her way to the top reluctantly returns to her childhood home on the enchanting Smith Mountain Lake to attend her father’s (Fahey) funeral and help her sister Lily (Zima) and mother Vivian (Seymour) settle the family estate. While there, Sara’s love for the lake and the townspeople is reignited, and with the help of her father’s ever present spirit, Sara looks inward, discovers the importance of love and family, and gives her all to save the family’s beloved home.

The inspiration for “Lake Effects” comes from the real community of Smith Mountain Lake in Southwest Virginia where the film was shot.  Because Smith Mountain Lake residents were instrumental in the making of the film, producers of the film have pledged a significant giveback program which includes donations to clean and restore the lake and preserve its rich history.

LIFE OUT LOUD Films presents “Lake Effects,” a Sara Elizabeth Timmins Production.  Written by Scott Winters.  Directed by Michael J. McKay.  Music by Kazimir Boyle.  Executive Producers Bart and Lynn Wilner.  Produced by Sara Elizabeth Timmins.

Hallmark Movie Channel, the second linear channel from Crown Media Holdings, Inc., simulcast in SD (Standard Definition) and HD (High Definition), is a 24-hour cable network dedicated to bringing viewers family-friendly movies with a mix of classic theatrical films, presentations from the acclaimed Hallmark Hall of Fame library, original Hallmark Channel movies and special events. In today’s crowded television landscape, the network is a unique and captivating entertainment experience, providing programming families can watch together. It is now available in over 46 million homes. Crown Media also operates Hallmark Channel which provides a diverse slate of high-quality entertainment programming to a national audience of 87 million subscribers.

The Stress of Buying a New Home

Buying a home can be one of the more stressful experiences in life. It is often a long and sometimes intimidating process, lasting up to six months on average. The Smith Mountain Lake Real Estate market is huge and changes often with swings up and down. It’s easy to become overwhelmed by how much is ahead of you and how little you know about the process. But with the right attitude, it can also be an enjoyable, even exhilarating experience.

Here are some tips to make your home-buying experience positive and less stressful.

Preparing to Move

Organize

Be prepared by becoming knowledgeable. Educate yourself on each step of the process so you know what to expect. Get organized ahead of time. Keep a notebook and calendar dedicated exclusively to the home-buying process. An Excel spreadsheet is a great way to organize and compare all the information you gather, such as the homes you are interested in, potential lenders, and different mortgage rates.

Finances

Assess your financial situation before you begin looking for a home. Come up with a solid number for the maximum amount you can afford, as well as a target amount you would like to spend, ahead of time. Overestimate the closing costs (interest rates can change). This is also a good time to begin gathering the financial documents that you’ll need when applying for a loan.

Keep your finances in order until you close on your new home, which could be as long as six months away. Do whatever you can to help improve your credit score; don’t acquire new debt (no major purchases, new loans or new credit cards), reduce or eliminate any current debt, and pay your bills on time. It is never too early to begin improving your credit and is best started as early as two years prior to purchasing a home.

Find an Agent

Find a Prudential Waterfront Properties real estate agent who you trust and connect with on a personal level. Communication in this relationship is fundamental. Some questions to ask yourself: Are they good at translating industry jargon into terms you can easily understand? Do they communicate well using media that works for you, such as email, cell phone, or video conferencing? Credentials are a big factor too. Choose a Prudential Waterfront Properties agent with proven expertise in both the type of property and property location that interests you.

Finding a Home

“Think from the end,” is a common phrase heard in human potential circles. See yourself in your new home. How does it make you feel? What does it look like? Keep a journal to record these thoughts. Be as descriptive as possible. This can help to not only narrow down precisely what you are looking for in a home, but it can also help anchor you emotionally during a potentially unstable time by keeping the big picture in mind.

While dreaming of your new Smith Mountain Lake home is an important first step, keeping your expectations in check is equally important. Keep in mind that the criteria of what you are looking for in a home will change along the way. No house is perfect. Be willing to compromise on some of your requirements. Make a list of your top priorities (must-have’s) and lower priorities (nice-to-have’s). This will help identify areas where you can be more flexible.

Once you’ve found a home you like and know what you can work with financially, don’t let the latest market news influence your decision to move forward. If you start second-guessing the housing market or interest rates, you risk losing the home to another buyer. Choose a home because you love it. Listen to your heart.

Waiting for Acceptance

Once you’ve made an offer on a new home, try to relax and engage in your routine activities while you wait to hear whether the seller accepts your offer. During this waiting period, there are many potential stressors that could send your mind reeling. What if the seller rejects your offer, or comes back with an unreasonable counter-offer? Was your offer too little, or too much? Be prepared to make many offers before one is accepted. Keep in mind, even if your offer is accepted, there’s no guarantee it will close. Try to remain detached from the outcome until after the property has been inspected and you’ve been approved for a mortgage.

Inspection Period

Hire experienced and certified inspectors to conduct a thorough inspection of the property including possible insect damage. Be present during inspection, so you can ask questions regarding the home and become knowledgeable about any issues that are discovered.

Getting approved for a Loan

Taking out a loan can be the most stressful part of the home-buying process. Transactions typically take at least a month to complete. Having your financial situation scrutinized can be an uncomfortable process. Worrying about whether you will be approved is an added stressor. It helps to gather your financial records (credit card balances/statements, bank statements, investment statements) prior to meeting with a loan officer. Obtain a copy of your credit report; you’re entitled by law to one free credit report per year. A copy of your 4506 T form (IRS Tax Return Transcript), which includes a summary of your tax information, is also available online for download.

Don’t lose sight of the fact that you have options when choosing a lender and a mortgage. This can help restore a sense of control when so much of the home-buying process is out of your hands. Talk to several lenders; don’t just go for the first lender you talk to. Consult with your Real Estate agent to help you through the process of securing a mortgage. Don’t hesitate to ask questions until you understand the answer.

After Close, Moving In

Congratulations! You’ve successfully negotiated yourself through the complex maze that is home-buying and now find yourself at last kicking back on your couch with your favorite drink in the home of your dreams.

 

Smith Mountain Lake Chamber of Commerce New Mobile App

Be Sure to Download Smith Mountain Lake Regional Chamber of Commerce New Mobile App.

The Smith Mountain Lake Regional Chamber of Commerce is now providing a mobile app (MyChamberApp) that helps consumers find discounts, events, and services offered by Chamber of Commerce members.

MyChamberApp provides maps, locations, phone numbers, websites, images, and even videos to help consumers make a shopping decision.

MyChamberApp is available to iPhone, iPod, Android and Blackberry users for Free (www.MyChamberApp.com/download).

The Smith Mountain Lake Regional Chamber is one of the early adopters of this mobile technology; we are proudly serving our community and continue to help stimulate local commerce while supporting our members.

To find out more, contact Annette Stamus, 540-721-1203

www.MyChamberApp.com

Check out Smith Mountain Lake dealers at 2012 Boat Show

For more than 30 years, The Southwest Virginia Boat Dealers Association has hosted this Boat Show, and is proud to host the 2012 Boat Show at the Roanoke Civic Center on February 24 through February 26, 2012 at Roanoke Civic Center. This event has doubled in size over the last couple of years and represents a unique, once-a-year opportunity to see every dealer on Smith Mountain Lake. It is a business opportunity to present your products to boating enthusiasts everywhere.

The SVBDA is making a huge effort to draw the BIGGEST crowd yet to this event, including exciting exhibits of boating equipment, related products and services and MUCH more.

RETURNING THIS YEAR: Free Admission Friday….Yes, Free FRIDAY with no admission charge. This is the time to buy…the show is the place to buy as all dealers offer the best selection and special manufacturer boat show only promotions! See you at the show.

Adults $7.50

Children 12 and Under Free with an Adult.

Need information about the show? Contact Show Director Darrel Ross at (434) 610-5991.

Friday, February 24, 1pm – 7pm

Saturday, February 25, 10am – 7pm

Sunday, February 26, 10am – 5pm

http://roanokeboatshow.com/

 

 

The Pros and Cons of Home Selling During the Holidays

One of the great debates in real estate concerns the prospect of keeping a Smith Mountain Lake house on the market during the holiday season. Some argue that the time between Thanksgiving and New Year’s Eve is busy enough without the worry of buying a home, while proponents like the prospects since those shopping are generally more serious about buying.

A downside for the seller is that the hectic time of year makes it harder to get your home ready at the drop of a hat if a call comes in. People are busy making food, wrapping presents and preparing for a house-full of guests.

However, your house will also be decorated with beautiful lights and decorations and will create a festive elegance to a home that will attract buyers.

Some agents believe that keeping your house on the market will have you appealing to a much smaller inventory of buyers who have very specific needs that your home might not match. Others counter that less inventory over the holidays means less competition and since more people have vacations this time of year, they actually have more time to search for their ideal home.

The holidays can provide a breather for homes that have been on the market awhile, as some use the time to remove property from the market in favor of a fresh start in January. However, you risk losing the buyer who may have been looking in December to capture tax benefits that many consider with their need to buy a home.

What’s the best solution? Of course it’s up to individual homeowners and their respective circumstances. Prospective sellers should discuss their holiday prospects in detail with their Prudential Waterfront Properties agent. Working together, they can make holiday wishes come true.

Housing Goes “Green” at Smith Mountain Lake

Wherever you turn these days, it seems that someone is talking about “Green”, or “Leadership in Energy and Environmental Design (LEED”) certified buildings, “EarthCraft” and “Zero Energy Homes.” Each of these share a commitment to reduced energy consumption and the “re-use, repurposing and recycling of materials,” “improved indoor air quality” and use of “environmentally friendly” and “renewable products.” Green or LEED buildings generally generate 20 to 70 percent in energy savings, while a Zero Energy Home (ZEH) by definition must generate enough energy to meet or exceed its own heating, cooling and electrical needs in any given year.

With all of the recent attention being given to energy conservation, you might not realize that a handful of individuals began vigorously exploring ways to significantly reduce energy consumption in the early 1970′s. Since then, energy saving practices have been refined and expanded and have been incorporated into projects ranging from small homes to large commercial buildings, schools and fire stations to government buildings. Recent projects have successfully demonstrated the economic viability and sustainability of incorporating rigorous energy and conservation standards into new construction without increasing budgets or extending schedules.

Many conservation efforts are most easily incorporated at the time of initial construction, however some are easily adapted either as a stand-alone project or as part of routine equipment replacement.

Heating, Cooling and Electricity

High efficiency furnaces and/or heat pumps – replacing old furnaces with higher efficiency models or possibly converting from an older type of heating and/or cooling device to one utilizing newer technology can lead to significant energy savings. Many furnaces built just 15 years ago are quite inefficient when compared to models available today.

Insulation – adding additional insulation in attics, crawl spaces and exterior walls are all potential areas for reducing energy costs. Also, by sealing cracks in the attic around areas where ceiling lights and fans are installed or wires are strung can also cut energy costs substantially. When all these small openings are added together, they can have the same effect as having a window left open.

Horizontal Loop Ground Source Heat Pump System – this relatively unheard of heat pump system runs coils 4 to 6 feet underground to tap into the constant temperature of the earth’s soil to provide either heating or cooling depending upon the season.

Windows – installation of wood or vinyl encased triple pane windows significantly reduces heat loss and eliminates drafts.

Building Site Orientation – for new construction, orienting a building to utilize the southern exposure along with window placement allows for the exploitation of both natural lighting and solar heat.

Light bulbs – the days of the incandescent light bulbs may be numbered as legislators across the nation discuss legislation to ban their use in favor of the more efficient LED and CFL lighting technology as a measure to reduce energy usage.

Higher efficiency appliances – installation of high efficiency appliances will significantly reduce energy consumption, particularly for appliances that run all the time, are energy consumers or are used with high frequency.

Water Consumption

Water heaters – there are several energy saving strategies available when it comes to water heaters. When opting to use a traditional storage tank, the location of the tank can have a significant impact on the amount of water consumed and the cost of heating the water. The most economical placement is to have the tank as close as possible to where the water is used most so there is less water wasted waiting for the hot water to arrive. Adding insulation to the first foot of the pipe coming out of the hot water tank will reduce heat leakage. An alternative to the traditional hot water heater is the tankless water heater that only heats the water as needed by running the water through heated coils. This method eliminates the need to keep water hot all the time and the energy required to do so.

Landscaping -by designing and implementing a landscape centered on plants native to your locale that are also drought tolerant will reduce landscape watering requirements.

Rainwater cisterns with filtration systems – also gaining popularity are rainwater cisterns that store water from rooftop collection systems to be later used for irrigation. Sizes vary and can be selected based up on rainfall averages, collection area size, and available storage locations.

Impervious Paving Systems – porous surfaces reduce the impact on surrounding areas by allowing rain water to penetrate surfaces and be absorbed into the soil. Reducing runoff helps alleviate premature expansion of storm water treatment facilities.

Indoor Air Quality

Flooring – several options exist when making flooring selections that will increase air quality. For those willing to either reduce the quantity of carpeting or forego it all together, selecting sustainably harvested wood or bamboo is a good alternative. However, for those set on having carpeting, selecting carpets made using natural fibers with a low-pile can reduce the collection of allergens. Also, air quality will remain stable when carpeting is installed using tacks rather than fume emitting glue.

Paint – better air quality is achieved by using low-VOC (volatile organic compounds) and low-toxic interior paints and finishes instead of other paints and finishes that release higher levels of chemicals and toxins.

Additional Energy Sources

Solar – once thought of as an “alternative” source of energy, solar panels are gaining popularity. Solar panels remain an expensive option; however, their cost has dropped significantly over the last number of years, making them less cost prohibitive. Although solar panels will work in any climate, sunnier locations will result in higher productivity. To encourage the installation of solar panels, governmental agencies as well as some utilities have created different incentive and rebate programs to lower the cost.

Wind – although not practical for the average home owner due to its high installation costs ($40,000 or more), it does remain an option for those located in areas with sufficient wind and land resources. Generally, a home tower will produce between 8,000 – 18,000 kWh per year given sufficient air movement and requires being located on at least an acre of land.

Thinking About Smith Mountain Lake Co-ownership with a Friend?

Friends often share holidays, vacation together and are there for all the important moments in life. So, why not buy a home at Smith Mountain Lake together?

An increasing number of consumers are considering joint ownership. Such as transaction makes sense, as it can help those who may not have been able to afford a Smith Mountain Lake home on their own, it gives each owner a real estate investment, and it can even strengthen the friendship.

But the opposite could happen as well. Friends can feud over the most trivial of things, placing the long-term housing investment at risk.

Here are some tips for surviving Smith Mountain Lake co-ownership with a friend.

1. Be sure before agreeing to this life-altering decision that all parties are willing to disclose their financial information, agree upon the type of home and location they are after, and are truly comfortable with living with one another.

2. Consult with an attorney: A contract between the parties is vital, as is listing each person’s name on the deed and the mortgage papers. The percentage of ownership must be clearly stated in the contract, including details of each person’s share of the down payment and the way in which mortgage payments will be divided. This sets the stage for deciding each one’s share upon sale.

3. Get pre-approved for a mortgage: Mortgage companies aren’t always thrilled with lending to two unmarried or unrelated people. Odds are those buying a home at Smith Mountain Lake will need to jointly qualify as co-borrowers on a single mortgage in order to purchase a property held in tenancy in common or joint tenancy.

4. Understand each other’s wants and needs: House options, mortgage rates and contract terms will be contingent on each individual’s credit history, financial health and both short-term and long-term obligations, so it is smart to discuss all of this ahead of time. During the house-hunting stage, the friends may have different ideas on what they are looking for. It’s always a smart idea to sit down and list the most important features to each and figure out what each is willing to give up.

5. Have an exit strategy: Jobs change or a surprising romance could evolve where marriage will soon be in the picture. What happens to the house then? This is something that should be agreed upon before the house is bought.

Once everything is agreed to and a mortgage commitment is in hand, things still aren’t easy. It’s hard enough finding the perfect home, but to have to find the perfect home for two is even tougher.

Friendships can stand the test of  housing issues, so don’t be scared off; just make sure that when buying any real estate with friends that you don’t let the friendship cloud your judgment.