Monday Mortgage Update 3-31-08
As another volatile week in the mortgage bond market has ended, a new one is set to begin. The news out on the economy last week was, for the most part, market friendly, but that doesn’t mean that it was without drama. Monday and Friday had some wild trading, while Tuesday, Wednesday and Thursday were [...]
Out and About 3-28-08
We had a great time last night. First we went to High Thyme on Sullivan’s Island, which is a GREAT restaurant. They aren’t the college scene that Off The Hook is, nor are they overcrowded like Poe’s. It’s relatively upscale, and they have a nice front porch overlooking Middle Street. I hear they have plans [...]
Escrow vs. Pre-Closing Repairs vs. Allowances
As promised, here is the skinny on getting repairs done in conjunction with a closing. Each method has its positives and negatives, which I will now outline.
Take the following example: home goes under contract, home inspection is completed, revealing the need for repairing a leak in the roof. Per the South Carolina Real Estate Contract, [...]
Monday Mortgage Update 3-24-08
Again, thank you to Katie Mahoney, of Home Mortgage Choices, 843-345-7009, for this week’s Monday Mortgage Update!
Talk about roller coaster rides. Last week’s certainly would top anything that Six Flags has to offer!
It started unusually early, with the announcement last Sunday by JP Morgan Chase that they were purchasing investment banker Bear Stearns. At the [...]
Buyers for Saltgrass Point?
It’s been a very busy week, in real estate, and otherwise. We have a person who is quite interested in my listing in Saltgrass Pointe, in Old Mt. Pleasant. That’s the one that my parents own. They wanted to know if we could have the wood stove taken out. At first [...]
Monday Mortgage Update 3-17-08
And on the seventh day….
Sunday.
The day of rest (well, not for real estate agents!). The day that nothing ever happens in the markets. Well, almost never. Today would be different!
Today, J.P. Morgan Chase, in a move orchestrated with the help of the Federal Reserve, announced that it would purchase Bear Stearns, the Wall Street brokerage [...]
Busy, Busy, Busy
Super busy week here in the Charleston Real Estate Market. Jeff is taking 3 listings, and I have a potential buyer for my listing in Old Mt. Pleasant, as well as some potential Buyers for Midtown. Hooray! More on that later. I’m so busy today, in fact, that I am using my friend Katie’s Mortgage [...]
Midtown of Charleston Party Recap
We had a great event at Midtown last night. The developers had a grand opening party, complete with Mariachi Band, Mexican Fare, and Cerveza. They had a great turnout, and I think it did a lot to get the word out about the development. People were still there well into the evening. It was a [...]
Real Estate Market Report
I saw more reports on the news this morning about the dismal state of the housing market. They were citing the highest ever number of homes in foreclosure and also staggering job loss numbers. Why do they do that to us first thing in the morning?
What people in Charleston need to realize is [...]
Mt. Pleasant Real Estate Listings
It is an absolutely beautiful day here in Charleston. We had our Real Estate office’s weekly meeting this morning, and then caravan. Caravan is where we all get in cars together and go to each others’ listings, and provide feedback. It can be a really valuable tool for giving sellers more than just one real [...]
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