Buyers

As the Owner/ Principal Broker of C B Sales and Rentals, Pat Bailey has over 25 year of real estate experience. In our Real Estate market place, most agents are only familiar with their side of the transaction (Buying or Selling) and not with the day to day management responsibilities of your home. Pat Bailey is one of the few Realtors/Real Estate Brokers/Agents that is truly experienced in the not only how to properly sell your vacation, resort, investment rental or primary real estate home at Smith Mountain Lake. Pat Bailey can assist you by helping to determine what your monthly income and expenses will be as it relates to this important vacaion rental investment.

Many years of experience in both the Real Estate and Property Management fields allow me to guide you through the hurdles of property ownership. Without proper guidance you may purchase a property that is not well suited for your investment needs.

Before you begin your search for properties, you really need to discuss or consider the following:

  • Example: Will you be living at Smith Mountain Lake year round, using the waterfront lake home for vacation or rental purposes?
  • Example: What can I expect at Smith Mountain Lake to receive in rental income and rental expenses?
  • Example: When financing a home… what rate and terms can I get and how much down-payment will I need? Does this change if it is my primary home as opposed to being a rental/vacation rental property?
  • Example: How can two identical homes sell for hundreds of thousands more?
  • Example: What are the AEP Dock rules as they apply to repairing docks, replacing docks?
  • Example: What is the AEP Dock ownership and the many rules regarding this transfer of ownership?
  • Example: Home inspections and how to protect yourself?
  • Example: Which location is right for my needs?… such as how different zoning in Franklin, Bedford, and Pittsylvania counties around Smith Mountain Lake apply to the future rental of my vacation properties at Smith Mountain Lake?
  • Example: How do I obtain a rental permit and what are the rules in each area?
  • Example: Property Owners Associations and their rules regarding property use
  • Example: Financing the home of my dreams
  • Example: What type of preparation can I do that will enable me to negotiate and get the best terms from the Seller?
  • Example: Are there any foreclosures or bank owned properties in the area?

As you can see, there are many factors to consider prior to beginning your search. Call me as soon as possible to keep you from wasting time or overlooking some important aspect of your search. Put my experience to work for you. Pat Bailey is widely known as “Smith Mountain Lakes’ Investment Specialist”

Pat Bailey 540-874-5249 pbailey@cbsalesandrentals.com