Should You Buy a Vacation Home?

Thursday, July 10th, 2025
Gretchen Tipps

Now that summer’s here, you’re probably planning your next getaway — but what if your escape was already waiting for you at Smith Mountain Lake? Owning a vacation home here means more than just weekend getaways. It’s a chance to create lasting memories, enjoy the water all season long, and invest in a property that can generate rental income and even serve as a future retirement destination.

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What You Should Know About Getting a Mortgage Today

Tuesday, July 8th, 2025
Gretchen Tipps

If you’ve been putting off buying a home because you thought getting approved would be too hard, know this: qualifying for a mortgage is starting to get a bit more achievable, but lending standards are still strong.

Lenders are making it slightly easier for well-qualified buyers to access financing, which is opening more doors for people ready to make a move.

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Selling a home at Smith Mountain Lake — whether it’s a cherished weekend retreat, a full-time residence, or an investment property—is more than just putting a listing online. Our local market is unique. The rhythm of lake life, the seasonal swings in buyer interest, and the high value of waterfront property make experience and insight essential.

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Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing.

It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over the past few years.

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Why Most Sellers Hire Real Estate Agents Today

Tuesday, June 17th, 2025
Gretchen Tipps

Selling your house without an agent as a “For Sale by Owner” (FSBO) may be something you’ve considered. But you should know that, in today’s shifting market, more homeowners are deciding that’s just not worth the risk.

According to the latest data from the National Association of Realtors (NAR), the number of homeowners selling without an agent has hit an all-time low (see graph below):

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