Tuesday, January 27, 2009

Cabins for Sale on Smith Lake

I have listed several waterfront cabins and homes on Smith Lake this month. These properties are priced in the 300k or less range which seems to be the ideal price point. Interest rates are great and most people are taking advantage of these rates whether it be for a refinance or purchase.

A few of my customers were quoted around 4.875 for a 30 year fixed mortgage this week. I have multiple lenders who are loaning money for properties on Smith Lake.

The Birmingham Boat Show is this week which usually generates interest for Smith Lake properties. It is held at the BJCC in Birmingham, AL.

For an updated list of my new listings, check out my site: www.justindyar.com

Thursday, January 8, 2009

Smith Lake Water Levels Almost 5 Feet Above Summer Pool

With all of the recent soaking rains, Smith Lake water levels have risen to almost 5 feet above summer pool! I haven't seen the lake this high in about 6 or 7 years. It's amazing to go from drought conditions to this! Today the lake level is 514.31 which is 4.31 feet above the 510 elevation, which is considered Summer pool.

We do expect the water level to drop in the upcoming days, and we are glad all of this rain has brought the Southeast out of drought conditions!

If you own Smith Lake property and haven't checked your dock and lines lately, I would strongly suggest doing so. Many docks and cables have broken loose due to the rapid rise of the water.

Visit my website for new Smith Lake listings: www.justindyar.com

Monday, January 5, 2009

Low Interest Rates Create High Interest In Smith Lake Properties

Throughout the last few weeks, interest rates have dropped considerably, thus creating some buying opportunities for Smith Lake buyers! My phone calls, emails, and showings have increased since the end of December and first part of January. Most buyers realize this is a great opportunity to invest in Smith Lake real estate while money is cheap.

Smith Lake properties have not been affected by all of the mortgage problems that have plagued other areas of the country. The real estate market on Smith Lake tends to be a niche market with buyers investing for the future. Smith Lake waterfront prices are still well below other lakes in the Southeast. Now is the time to buy real estate on beautiful Smith Lake!

For additional information on Smith Lake Real Estate, visit my website www.justindyar.com