Real Estate Information

If your home is on the market or you are thinking about putting your home on the market, please take three minutes to watch this video.  It will tell you exactly what it takes to sell your home and how to avoid the ten biggest mistakes home sellers make:

Hat tip to Lani at AgentGenius for the video.

I like lists...I really like lists of lists. Here is a website that has compiled a list of top lists for 2008.

Take a look here.

(Please note this is a compliation from another unrelated site and I do not necessarily endorse its contents.)

Below is a map from the Tax Foundation showing a state by state look at real estate property tax as a percentage of income of the state's residents. As you can see, South Carolina ranks very well in comparison to other states.  In fact, this is one of the pleasant surprises people find when the move to South Carolina.  Many people find their property taxes are much lower in South Carolina than they are where they are moving from. 

For instance, a typical 1,500 square foot, 3 bedroom, 2 bath home in Greenville, South Carolina will have an annual property tax of approximately $1,200.  Certainly, there are some variables, but on average, you will find our property taxes are quite reasonable.

In what is sure to be welcome news to many across the country, mortgage-backer Freddie Mac has announced it will suspend all foreclosures from the day before Thanksgiving to January 9, 2009. This move is expected to freeze the foreclosure process on as many as 6,000 struggling homeowners.  Click here for the press release from Freddie Mac.

In October, there were 507units sold which is 35.2% less than the 782 units sold in October 2007. The total volume was $92,298,586 in October 2008 vs. $151,387,669 in October 2007, with an average price of $182,048 in October 2008 vs. $193,590 in October 2007. Average Days on the Market(DOM) was 95 days in October 2008 vs. 88 days in October 2007.

Between January 1st - October 31st 2008, there were a total of 7,041. If you compared that number to the same time period last year at 8,781, that is (-19.8%).  The average sales price is $185,081(-.1%), and Average DOM of 95 days Versus: Average price of $185,331, and Average DOM of 86 days for Jan 1st - October 31st 2007.

In short, there are fewer homes being sold, it is taking a little longer to sell them but prices are remaining steady.

CURRENTLY ON THE MARKET:

As of November 10th of 2008, there were 6,947(+4.5%) Single Family Homes, Condominiums, and Townhouses actively for sale, the Volume is $1,893,025,156 (+11.6%), Average price is $272,495(+6.8%), and Average DOM is 134 days. Compared to November 10th 2007 at 6,649 actives, the Volume was $1,696,051,000, Average price was $255,083, and Average DOM was 112 days.

WHAT DOES THIS MEAN TO THE VALUE OF YOUR HOME?

Right now, the Greenville SC Real Estate market is shifting in favor of the buyer, so there are more homes on the market than there are buyers willing to buy. If you are considering selling your home, you should make sure that you have it priced right according to the market. This is no time to overprice your home for sale. Not only does your home need to be priced correctly, it also needs to stand out above the competition. That means staging and preparation is of upmost importance...we offer all of our listing clients a one hour consultation with our home stager (a $300 value).  Our listings that are staged sell much faster than the average on the market and command a higher sales price to list price ratio.

Please call or email me directly to find out how our market knowledge, experience and marketing  can benefit you in a real estate transaction in Greenville, South Carolina. You can reach me toll free at 800-595-3315 or in Greenville at 864-527-7685.

The Greenville County Planning Department will conduct a workshop on Tuesday, November 11 to discuss the future growth of Greenville County. As part of the County's Comprehensive Plan, the One County, One Future Workshop is a “hands on” session for government officials and Greenville County citizens to create the vision for the future of Greenville County. All citizens of Greenville County are invited and encouraged to attend this important event.

It is today at the Carolina First Center (One Exposition Drive, Greenville, SC)
Chose from one of two sessions: 11am-1pm or 5-7 pm
Refreshments will be provided

For complete details, go to www.imaginegreenville.com or call 864-467-7270.

Here's a quick video about my friends at Godshall & Godshall Personnel Consultants.  They are the best staffing firm in the Greenville SC area.  Please give them a call if you ever need staffing help.

You can check out all of our video tours in one place now at the Hamilton & Co. Channel on Youtube.com.  Our channel allows you to subscribe to our newest videos of Greenville, South Carolina homes as they are published, make comments, and view other videos about the Greenville area.

Here is a sample of one of our newest listings in the Pebble Creek subdivision.  This a townhome on the Pebble Creek golf course listed for $100,000.

The Greenville News published an article Friday on the sale of the former Jumbo Sports building on Wade Hampton Blvd. in Taylors.   Peak Fitness from Charlotte, North Carolina was the purchaser and they will be upfitting it for use as a fitness facility.  I think its a great location for something like that, and I always thought it would be bought for something like that or a church.  Its a great building and it was a good deal for the both the buyer and seller.

You can read the Greenville News article here.