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Botetourt County was founded in 1770 and is one of the fastest growing economic areas in North West Virginia. The county borders West Virginia and is within a day's drive of the major Mid-Atlantic Cities and Seaboard. Covering 548 square miles, almost 250,000 people live within 30 minutes of the county which has a population of over 31,000 which makes things much easier for Home Buyers and Home Sellers. Predominantly rural, nevertheless the work force is highly skilled and educated attracting major employers to the area. The county sits in the beautiful Roanoke Valley and Interstate 81 traverses the county while Interstate 64 is twenty minutes from the county line and is extremely well placed to serve the Mid-West and East. The Botetourt County, VA Real Estate Market is characterized by a predominantly rural property stock and small communities providing family friendly environments with low crime, excellent schools and medical facilities. The major towns such as Roanoke provide the convenience of modern shopping and retail parks along with excellent entertainment opportunities. The Botetourt County, VA Real Estate Market boasts almost 85% home ownership amongst the population. There is a high level of home ownership and the market is liquid with a healthy balance of properties for sale and potential buyers. The area has managed to escape the ravages of the recession affecting the housing market and prices have enjoyed a degree of stability that have not been experienced across most of the nation. Property in this area represents excellent value for money with extremely well priced homes that offer a sound investment for the future. At the same time, Botetourt County provides an excellent location to enjoy a home and a relaxed family orientated atmosphere. The countryside provides excellent recreational amenities with hunting, hiking, fishing and camping enjoyed in the mountains, woods and waterways of the county. The bulk of transactions that do not close in the Botetourt County, VA Real Estate Market are accounted by buyers and sellers who are not represented by a locally experienced realtor. Many such transactions fail due to the inexperience and lack of knowledge both of the home buying process and the local area. Sellers themselves are frequently under valuing their homes in the mistaken belief that this is solely a buyers market and they must therefore price low. In many cases the prices are too low and thus do not extract full value from the home for sale. Conversely, buyers are less likely to find a home which fully meets their requirements and budget unless using a Real Estate Agent to negotiate on their behalf which is far more likely to achieve a price reduction and ensure there is no loss of time, energy and effort in failed transactions. Overall, the Botetourt County, VA Real Estate Market is robust with a healthy number of transactions, pending sales and equilibrium between Real Property Buyers and Real Property Sellers. Property prices are stable and where realistically priced, spend less than the national average on the listing services making homes easier to sell in the county. The indicators demonstrate that at least in the short to medium term this county is likely to continue favored status within the property market. |
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