Greeting from Deep Creek Lake-Gran Fondo-Sailing School. This past weekend was the 4th annual Gran Fondo. Over 1200 riders took to the beautiful back roads of Deep Creek and Garrett County on rides ranging from 22 miles to the infamous Diabolical Double…125 miles. Riders started at 7am and some were still riding at 6pm. Weather was exceptionally hot for the lake in June (low 80’s) making the ride even more difficult. My teammate and Buyer Specialist, Kathy Johnson, has promised her husband she will do the 44 mile ride next year on their tandem bicycle. Stay tuned!
Something to consider next year… I have been spending the week learning the basic sailing fundamentals at Deep Creek Lake Sailing School. On day 3, I am already solo-ing with other students and putting the heat on the veteran sailors on the race courseJ. A lot of the students are on their 3rd to 5th year of sailing and they annually take off a week to enjoy the course and brush up on advanced sailing techniques. All kidding aside, you better sign-up in advance as the class is always booked. They hold the school twice each summer at the Deep Creek Lake Yacht Club.
Flying Scot circa 1968 getting the job done
Just a quick hint for your primary home or your vacation home. I’ve had several requests in the last 10 days asking what lockbox I would recommend they use for their home. This is one of the best investments I have made. Combination is very easy to change.
Our featured listing for this week is a great mountain home in the Sunset Ridge community of McHenry close to Wisp. Never been rented; exceptionally clean and new-feeling. http://vt.realbiz360.com/Listing-1304165.html
Our market in DCL is gaining momentum, especially since the interest rate hike. We’ve seen rates go from 3.875% to 4.75% on a 30-year fixed (conforming – under $417,000). Some project that they will come down but I wouldn’t wait to find out! However, there are still some good loan programs. One of our clients was just quoted a 3.175% rate on a 10/1 ARM from a local bank. That’s hard to pass up! The inventory is up with plenty of homes to choose from. Most owners list their properties this time of year in time for the summer selling season. We are still seeing some great deals for buyers. If you’d like for us to do an updated property search for you just shoot us a quick email or call with your search criteria.