Smith Mountain Lake Real Estate | Vicki Millehan

3 Mistakes to Avoid When Selling Your Home

You’ve decided to put your home on the market. Almost immediately you fantasize about the mountains of offers that you’ll receive from motivated buyers who are dying to close on your home. But what if your home hasn’t set the real estate world on fire like you had hoped?

Here are three mistakes to look out for when putting your home on the market, and how to avoid them:

You Didn’t Hire a Real Estate Agent

Selling a home is not an easy job. Real estate agents are trained to navigate the complex inner workings of the market. They also have a network of contacts designed to help put your home in front of the right people. Search for a realtor who is experienced in selling your type of home and ask for a meeting to see if you’re a good fit for one another.

Your Photos Aren’t That Great

Just because you have a fancy lens on your camera doesn’t mean that every photo is going to be breathtaking. Make sure the rooms are clean and remove any dated or distracting items from the frame. Be mindful of the light in the room and find the most flattering angle of the room. Or consider hiring a professional real estate photographer. Check with your realtor to find the best ones.

You Refuse to Negotiate on Price

Being flexible in your asking price will benefit you, especially in a buyer’s market. This doesn’t mean that you should cave on a low offer just for the sake of selling a home, but rather that you should consider counteroffers from motivated buyers. Here is another example of why having an experienced realtor on your side is a must. Your realtor will tell you if your asking price is too high and will let you know what similar homes in your area are going for.

Source: Realtor.com, 8 Rookie Mistakes That Keep People from Selling Their Home

First-Time Homebuyer? Plan for These Hidden Costs.

Preparing to move in to your first home is exhilarating. It can also be expensive, and with just cause. Buying a home is the biggest investment you’ll likely make, but it’s also the most rewarding. That said, new home expenses can blindside you if you’re not prepared. Below is a list of common unforeseen expenses for new homeowners:

Appliances

Hopefully you’re aware of which appliances are staying with the home and which are heading out with the previous homeowners. You also have no real idea of how much wear and tear the appliances have seen, so be prepared to fork out some savings to replace them in the future.

Utility Bills

Unlike renting, all of your utility bills are now your responsibility. Monthly fees for water, electricity, and trash pickup are now going to be delivered to your mailbox. Also, if your home isn’t set up for cable, internet, or satellite, you’re going to have to invest in those areas as well.

Taxes and Insurance

Surprise! You’re a property owner now! Which means that you are now responsible for paying local property taxes and keeping your home insured. Be mindful of home improvements that may cause your insurance company to up your premium or drop you. Examples include adding a trampoline, pool, or wood stove.

Collectively, these expenses are far less costly than purchasing a home. However, if you plan for them in the early stages of buying a home, you’ll be prepared.

The Best Places to See Fireworks at Smith Mountain Lake

One of the most popular events at Smith Mountain Lake is the celebration of Independence Day. In addition to relaxing by the bonfire or feasting on your favorite meals at the family cookout, a fireworks display is on everyone’s must-see list of local events.

If you’re ready to start celebrating early, make plans to attend the Independence Day celebration at Downtown Moneta on Saturday, June 30th starting at 5:30pm. This event features live music from The WORX, an adult beverage garden, and plenty of fun activities suitable for the entire family. Admission is $10 and children under 10 are free.

Celebrating its 35th year, the 4th of July Independence Festival in Rocky Mount offers food, games, and one of the most extensive fireworks displays in the area. Located at Franklin County High School, this event is scheduled for Tuesday, July 3rd beginning at 5pm.

If you’re anxious to see fireworks reflected over the waters of Smith Mountain Lake, then make plans to attend the July 4th celebration at Parkway Marina on Wednesday, July 4th. Live entertainment will be provided by The WORX. All proceeds benefit Saunders Volunteer Fire Company.