Charleston SC Real Estate Blog 
Virtual Tour of a Great Condo on James Island - 1025 Riverland Woods Place #502
Monday, July 26th, 2010 at 3:12pm. 71 Views, 1 Comments.
A great 3br 2ba condo for sale in a private, gated community on James Island, SC. This condo is 7 minutes from downtown Charleston, and 7 minutes from Folly Beach. Currently listed at $197,900. See more of the condo here: Condo for sale in The Retreat. Enjoy the Virtual Tour!
Running Charleston Foreclosure List for July and August 2010
Wednesday, June 30th, 2010 at 3:50pm. 130 Views, 1 Comments.
Charleston Foreclosure List for July & August 2010
I am seeing a tremendous amount of foreclosures lately, with some
clients being very happy, and other clients walking away from a
horrifying situation. If you plan on purchasing (or are a part of) any
short sale right now, please take a look at the list and make sure that
the short sale you’re after isn’t listed. While short sales and
foreclosures are often glorified, they are not to be taken lightly- you
need to be prepared and have a knowledgeable agent to represent you.
For
instance, did you know that even after a foreclosure is sold at the
courthouse steps, a seller may still buy the house back from under
you? It's called a Right of Redemption. Please let us know if you
have any particular…
Popular James Island SC Neighborhoods
Tuesday, May 18th, 2010 at 3:37pm. 185 Views, 2 Comments.
James Island has a number of different popular neighborhoods, with each having different character. For those searching James Island homes for sale, the task can be daunting if you’re not from the area and are looking to relocate here.
The following are a list of some of the more popular James Island neighborhoods, and the price ranges for each.
Bayview Farms- This is a great neighborhood made up of single family homes, with the majority of the homes being on water. Fresh water ponds and tidal creeks are plentiful in this James Island neighborhood. Homes here typically range from the mid 200’s and get into the 400’s for those on tidal creek. The back portion of the neighborhood was built in the early 90’s and the newer (front) part of the neighborhood…
Buy a 120 acre Island in the Town of Sullivans Island for Under 200K?
Tuesday, May 11th, 2010 at 8:48am. 244 Views, 0 Comments.
Well this listing is definitely intriguing. It is an Island for sale on the Intracoastal Waterway (ICW) only a stone’s throw from Sullivans Island and the Isle of Palms. It is 120 total acres, and it is only listed for $199,000. Yes, you can own your own island for under 200K, with 1,800 feet of deepwater frontage on the ICW. A one minute boat ride to the Atlantic Ocean. After all, when buying real estate- it’s all about the location, right?
But before you start faxing me offers within the next 3 minutes, let me give you an explanation for the low price.
For one, it is 120 total acres- but it is 4 acres of high ground. Anyone purchasing real estate knows that the “high ground” number is what is very important. Because this is the area that one would…
An update to the Charleston, SC Real Estate Market
Friday, April 30th, 2010 at 1:34pm. 169 Views, 0 Comments.
Here are some random thoughts on the market. Instead of just keeping them to myself, I wanted to share. Sorry for the short, rambling thoughts...
Good news:
First quarter 2010 statistics:
MLS sold units are up 10.3%
1591 homes
New listings are up 5.3%
Active inventory (homes on the market) 3/31 is down 6.4% (great!)
9,036 – lowest in 4 years
Supply and demand ratio improving
Still needs to be half – 15 months supply
Won’t happen for awhile – REOs and Short Sales
Prices
National media positive for Charleston
Lifestyle, new jobs
First quarter compared to 2009
Average sales price - $275,000 – up 9.1%
Median sales price - $189,000 – up 4.7%
On surface, positive news but let’s understand the numbers
Not address to address appreciation … impacted by
some exceptional values in…
What makes up a FICO credit score?
Wednesday, April 21st, 2010 at 10:28am. 130 Views, 0 Comments.
In the land of all credit scores, FICO is king. The majority of banks in the USA use FICO scores for whether or not they are going to lend you money, and at what interest rate.
So how does FICO come up with this score? I'll break it down for you, below:
1.) Payment History. Based on you payment history, making the repayment of past debt is the most important factor when calculating credit scores.
2.) Debt Amounts. This is based upon your total outstanding debt. Removing lines of credit is the best thing you can do when getting rid of debt amounts. Another thing to consider is not maxing out your credit limit with credit cards. Try to maintain a good balance, and pay it off frequently.
3.) Length of Credit History. This is the length of time each…
Updated Carolina One New Homes List that can Close before the Tax Credit Expires
Friday, April 16th, 2010 at 12:27pm. 127 Views, 0 Comments.
Here is a running list of all the new homes with Carolina One New Homes Division that can close before the tax credit expires. These are all new construction homes that can get a C/O (Certificate of Occupancy) prior to the tax credit expiration. You need to get a ratified contract by April 30th, and close by June 30th.
Please take a look at the following link, for the most updated list of new construction that will be completed prior to the tax credit deadline. There are over 90 homes available:
Carolina One New Construction Homes that can close prior to the Tax Credit deadline
It's Time to Lock in Rates, Buyers
Monday, April 12th, 2010 at 10:29am. 116 Views, 0 Comments.
I hope everyone had a great weekend here in Charleston. It was absolutely beautiful, which is yet another reason we all live here.
After a significant jump in rates to start the week last week, rates settled down slightly at the end of the week and into the start of this week. Unfortunately, I think we've begun a pattern that will continue throughout the rest of 2010...rates will be very volatile and moving up and down constantly, with a trend upwards.
If you're considering moving very soon, then I might suggest locking in your rate now. Rates are constantly changing, so be sure to contact your lender.
Make it a great week!
-Mike
Things to do in Charleston, SC for April!
Saturday, April 10th, 2010 at 9:42pm. 106 Views, 0 Comments.
April is a great month to be in Charleston. The city and surrounding areas are in full bloom, the nights are longer, and the weather here is just perfect. Whether you're getting the boat up and running, doing some spring cleaning in the house, or doing yard work- the temperature here seems to be just about right.
Meanwhile, in between those ambitious projects, there's plenty to enjoy around town:
- Festival of Houses and Gardens, downtown Charleston - Festival tours feature the interiors and gardens of approximately 150 historic private houses in 10 colonial and antebellum neighborhoods during the peak of the city's blooming season. Tickets to the house and garden tours are $45 and can be ordered by calling (843) 723-1623.
- The 2010 Family Circle Cup…
"Homes for Our Heroes" Program Available!
Tuesday, March 30th, 2010 at 2:21pm. 156 Views, 0 Comments.
South Carolina housing officials have $40 million to help teachers and first responders buy a home! The State Housing Finance and Development Authority announced that this program will offer down payment assistance and low interest mortgages to teachers, firefighters, police and correctional officers and EMS workers who meet income criteria.
Customers will apply for the loans just like they would any home mortgage, but the money for the loans will come from bonds the housing agency has sold.
Maximum income levels for borrowers vary depending on where a person lives and the number of people living in the home.
Police Officers - Borrower must be a full-time police officer with state or local government agency including correctional officers with the South…
My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
