A Cold Winter And Start On Folly Beach For 2010
Well as we are just about done with the first two months of 2010 I am still holding my breath with all of the news and opinions that our market has “hit the bottom” and we are about to “turn things around”. Sorry but I just don’t see it. Take a look for yourself at these very numbing real esate numbers since the start of the year. January 27 New Listings – Plus an additional 7 at Sable on the...
Spring is on the way
Good morning! We are having spring-like weather today, a first in many, many months. I think we are expected to hit the high 60's to mid 70's. We actually had snow the weekend of the South Eastern Wildlife Exposition, but other than Friday evening, it didn't put a big dent in the festivities. To see a few pictures of snow on the islands, click here. There are a couple of really good articles in...
Questions to Ask Your Mortgage Lender
Question to ask before you apply for a mortgage.
Featured Home, Open House, Perfect Price to Buy
You're invited to an open house on Sunday, February 21 from 2pm-5pm at 242 Kelsey Blvd. (Directions: From I-526, you will take Clements Ferry Rd North about 2 miles. Turn right into neighborhood, continue onto Kelsey and unit will be on your left. End Unit.) A great opportunity to affordably own a great little property near downtown and the beaches. The price was recently reduced to $165,000. ...
Understanding the New Home Affordable Foreclosure Alternatives Program (HAFA)
Here is a link to a great article from RISMEDIA which is a great source of real estate news. Click for article by Jeff Lischer. On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA), which will help homeowners who are unable to retain their home under the Home Affordable Modification Program (HAMP). Under...
Is Your Home Priced to Sell in Today’s Market?
When I look at our real estate inventory and the numbers of days most are on the market, the answer may be that it is not! Generally speaking, there are a number of factors to consider when selling your home. One of the most critical is the listing price. Many people set the list price of their home based on their ‘needs’ rather than what the market is saying about the value. Well meaning, but...
Two Tax Credits for Home Buyers – Read all about it
Home Buyers Rush to Take Advantage of Tax Credit Before It’s Gone by Alan Heavens "Current homeowners buying a house between Nov. 7, 2009, and April 30 and who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight can qualify for the $6,500. It seems less is known about the repeat buyer credit. This incentive was added when the...
Real Estate Buyer’s Negotiating Inventory
Are you ready to negotiate the purchase price of your next real estate purchase? There is much to consider and your real estate professional is there to help you find your way. Here are a few things to consider: What are the conditions of the market? What is your financial position? Are there contigencies/conditions that you want to include as part of the negotiations? What is your negotiating...
Things to Consider When Applying for a Fixed Rate Loan
I am not a loan officer, or mortgage broker. But as a real estate agent, I have watched as people apply for fixed rate mortgages and noted a few things that should be part of your decision making process when considering a fixed rate mortgage. Here are a few: What is the interest rate? How long is the rate quote guaranteed? What number of points, including loan origination fees, will be charged?...
January 2010 Folly Beach real estate market report
You would be amazed what you can buy on the beach!!! 8 Properties sold in the month of January 2010 on Folly Beach, beginning this year with a healthy sales volume just like late 2009. The sales ranged from $225,000 to $550,000 with an average sale of $375,425. The low prices are the reason for the increasing number of sales. Buyers are beginning to bite on the great deals that can be had on...