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Buying a Home in Charleston, SC

Buying a home in Charleston, SC.

There are currently 20 blog entries related to this category.

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New Changes in FHA Financing Coming Soon...Good or Bad?

Thursday, August 19th, 2010 at 3:00pm. 86 Views, 0 Comments.

Well, it looks like there are going to be some changes in FHA financing coming down the pipe.  Take a look at this short video, and see how it will affect you and your final loan payment.  These changes will go into effect on September 7th, 2010.

**Not mentioned in this video is the fact that allowable seller concessions used to top out at 6%, where they are now going to top out at 3%.

Video courtesy RealPro Innovations.


New video of a listing in Hanahan Plantation at 26 Commissioners Court

Tuesday, August 10th, 2010 at 6:03pm. 109 Views, 0 Comments.

26 Commissioners Court - Hanahan Plantation

Take a look at this video tour of a wonderful home located at the end of a cul-de-sac.  A great location in Hanahan Plantation, the back yard borders the Goose Creek Resivoir.  A perfect home for any family, and the neighborhood affords a community swimming pool and optional boat & RV storage!

 

 

You can see more on this home HERE.

 


Video Tour of a great house for sale in Coosaw Creek Country Club

Tuesday, August 10th, 2010 at 5:50pm. 38 Views, 0 Comments.

4248 Club Course Drive - Coosaw Creek Country Club

View this wonderful home on the golf course in Coosaw Creek Country Club located in North Charleston, SC.  A beautiful home in a gated community!

 


Updated Carolina One New Homes List that can Close before the Tax Credit Expires

Friday, April 16th, 2010 at 12:27pm. 134 Views, 0 Comments.

carolinaoneHere 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. 123 Views, 0 Comments.

Dollars and Your HomeI 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


"Homes for Our Heroes" Program Available!

Tuesday, March 30th, 2010 at 2:21pm. 169 Views, 0 Comments.

HeroesSouth 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…


Time is Running Out for the Tax Credit!

Wednesday, March 10th, 2010 at 7:51am. 121 Views, 0 Comments.

$8,000 Tax CreditI just wanted to mention to all of you first-time homebuyers out there and others looking to take advantage of the tax credit.  While there still is a little time left (59 days to get something under contract), I’m noticing something expected.  A lot of the good homes are now being scooped up at an extraordinary rate.  I was showing property to some first time homebuyers in Dunes West in Mount Pleasant, and in a couple of houses we saw other agents with buyers looking at the same houses we were.  That hasn’t happened (like this) to me in quite some time.   This is especially true in the $175-225K price range.  A lot of the inventory of homes is being absorbed.  Soon, the “stale bread” will be all that’s left.  Make sure that if you want to take advantage…


James Island Real Estate "Deal of the Week!"

Saturday, February 20th, 2010 at 12:51pm. 232 Views, 2 Comments.

Bayview Farms HouseWell, here it is folks.  I'm always asked, "Where is the best deal you've seen lately?", or "Where is a great deal that I can't pass up?".  It seems I've found a fantastic deal, and no- it's not my listing.  I've been showing homes to a client of mine from Michigan in the $400K range, and we came across this gem.

No, this is not a foreclosure, no this is not a short sale.  You don't have to worry about getting to closing with a short sale, or negotiating with the bank on this one.  This is a solid home that I just showed this past week and I think it's one of the best homes out there right now in the $400K price range.

It's a home in Bayview Farms on James Island, on tidal creek with dock in place, and has panoramic views of the marsh, many tidal creeks, and…


Tips for spotting a good deal in Charleston real estate

Thursday, January 28th, 2010 at 3:31pm. 178 Views, 1 Comments.

Would you buy this house?Those out there that consistently make good money in real estate know the market.  That’s why you see a lot of us Realtors purchasing real estate…simply because it’s what we do, every single day.  We know the market.  But you can also do most of this work as well.  Almost everyone out there right now has access to the same information in the Charleston MLS as real estate agents do.  Whether you’re looking on Google, Trulia, or my own Charleston MLS Search website, you have basically the same information that we do.  Knowing the market before a good deal comes along is critical.  Study it, live it, breathe it…so that you know a great deal when you see one.

Look for changing market conditions.  For example, look for new developments that are coming up. …


What is an EarthCraft Home?

Tuesday, November 10th, 2009 at 9:42am. 215 Views, 0 Comments.

Photo Credit: EarthCraftHouse.comAn EarthCraft Home is the idea that a healthy, comfortable home can be built that reduces utility bills, while protecting the environment.  The idea is to minimize environmental impacts, and to follow a systematic approach to homebuilding that utilizes the importance of understanding how the different components of a home work together.  This means that the home performs better, is more economical for the homeowner, but it costs a little more than your normal construction costs.

This can be achieved by using certain qualifying materials, addressing energy efficiency, indoor air quality, waste management, resource efficiency, durability, and water conversation.  While EarthCraft Homes may be a little more expensive up front, the idea is that it should save…


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