Creating Partnerships that Work
As we may have mentioned before, Betsy and I have built our business primarily through referrals from those to whom we have demonstrated our knowledge, skill, and expertise.
We’ve always preferred to work in this way because it’s much more personal and, for that reason, more enjoyable. It’s very satisfying to help our contacts and their [...]
News From Mayor Billy Swails’ Mt. Pleasant Town Update
Mount Pleasant Mayor Billy Swails, who took office in November, reassured business leaders this morning that things are just fine east of the Cooper. In his town of Mount Pleasant update, given at Alhambra Hall, Swails emphasized the town’s commitment to being business-friendly and gave a rundown of the town’s budget.
The meeting was organized by [...]
News About Fannie Mae Owned Properties
On REO (foreclosure) properties that Fannie Mae owns… They are marketing 3.5% of the Sales Price for Buyers Closing Costs, Prepaids, and GE appliances… there are a couple of small print lines… the buyer DOES NOT have to utilize the HomePath program to qualify!….. ask us for details!
We have an excel spread sheet of all [...]
Charleston Real Estate Observations for Early 2010
Inventory continues a slow decline
December was unexpectedly strong
My office tripled its December 2008 sales volume. The market saw a 50% increase.
Mt. Pleasant’s active listing total is below 1500 (1447 as of today) for the first time since May of 2006. Listing inventory [...]
So, What’s Next for the Real Estate Market?
The Fed will stop buying mortgage backed securities by April 1st. This will likely cause interest rates to rise.
Tax credits end 4/30, must close by 6/30. Very unlikely that these will be extended.
Shadow inventory is now flowing with as many bank owned listings hitting the MLS in December (39) as there were in [...]
Exciting News for the New Year
Happy New Year! I am changing my business in an exciting way this year, and I want to share that with all of you! My sister in law (our husbands are brothers), Betsy Hehn Spahr, and I are going to be teaming up from here on out. We’ve been great friends for a very [...]
Top Secret Real Estate Meeting
I met today with my sister in law, Betsy Spahr. She is a Realtor with the Carolina One office in Summerville, SC. We are working together on a top secret mission, with the objective of completely taking over the Charleston real estate market. This was a super top secret meeting. We even have a code [...]
How’s the Market?
My favorite question. Over the last 30 days, we have seen inventory continue to decline. Every price range and every geographic area in our MLS saw the “months of supply” decrease by at least 1 month, and the “Odds of Selling” increase. As of today, there are 1386 active listings in Mt. Pleasant, [...]
First Time Home Buyer Credit to be Extended
I’m sure you have heard bits and pieces about the extension/expansion of the $8,000 First Time Buyer Tax Credit. It is looking very likely that this will be passed. The Senate has approved it, and the House approved it today. Now the bill has to be signed by the President. I will post more details [...]
Fall Charleston Real Estate Market Report
The Charleston real estate market is definitely showing signs of stabilization. We need to be careful, though, because while we are probably past the bottom in terms of units, I don’t think we are quite there yet in terms of price. Right now, the Charleston area has about a 22 month supply of homes on [...]
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