Is it time to purchase a home or keep renting? Here are some thoughts.
1. How long do you plan to be in the Charleston Area?
2. If you are in the Military or in a job that moves you often, would you like to come back to
Charleston when you retire?
3. Is renting more expensive than purchasing? Usually it will be and if you plan to be in Charleston for quite some time, then purchase if you can. The rates are unusually low. I know that the younger you are makes this seem like an odd statement. But if you will look at rates historically, we are in an amazing market. These rates will help you to live in a home of your dreams. Every time rates go up, it lessens the amount of mortgage that you can borrow.
So find a Realotr that will represent you as a buyers agent. Then they can help you find a loan provider that can get you the best rates and programs available for your situation. There are many loan programs available.
Happy house hunting.
Century 21 Properties Pluskemde@century21properties.com
I also work with New Home Builders that are looking for lots and land. The fact is... not many lots left for purchase. The best ones have been snapped up. The low priced ones have been built on and sold... So yes, it may still take a bit but home prices are going up... No question... If you need to move remember that unless you are in a highly depressed market... time to move is now. With rates so low... your purchasing power is grealty increased. Time may be to purchase that vacation home if you are a saver and have extra $$$$$.... Happy Selling and buying.
Purchasing a home is a huge decision. People always ask how to get started? The first thing is to figure out ift you prefer to purchase or if you would be more comfortable renting. There are some questions that need to be answered to see if this is the right time for you. Those are personal to each person. I have a list of questions I usually go through with people that are thinking of making a move.
You should find an agent that you trust and will help you find the right property for you. This will vary from person to person, family to family. Your real estate agent can help you first of all find the best lender for your needs. Everyone has different general guidelines and most realtors work with different lenders, mortgage brokers and can help to match you to your best fit. Then your lender will help to figure out what kind of loan you can use and what amount you should think about borrowing. Just because you qualify doesn't mean that would be the amount you will/or should borrow.
Once you have determined the amount you want to borrow and the amount you would qualify for, the agent should help you to figure out what area's are best suited to you and your family. These will be determined on where you work, how long you want to drive to get to work, what kind of recreation you enjoy, etc. I know that it seems like people would ask this immediately but lots of realtors will start driving you around and not even know what your needs really are. That is not professional. Realtors are paid when they make a sale but if they don't pay attention to their client/customer they will not be able to help people find their best home. That is our job is to help you find the home that will set your needs best. It isn't about what we like, it is about what you like.
Primrose Properties, LLC
Are home prices beginning to rise? According to some leading market indexes... the answer is a resounding YES.
The facts are being confirmed that inventory is being snapped up and in many areas it is becoming a sellers market. Resist the urge to make low ball offers on a home that you really wish to purchase. This is the time... rates are good... inventory is still fairly level and it is the time to go forward. Stop waiting.... Charleston and the surrounding areas are well on the road to recovery and prosperity. Do your homework... find out what homes are selling for in the area you are looking.... Not what they are listing for but what they are selling for. That is the most important piece of information.
Pick a realtor that has access to MLS to help you find that perfect home. Call me for help finding your home. With over 25 years in this business, I can help you find your best home at the best price and pair that with the right financing for you.
Happy Home Hunting
Is is time to purchase your next home? If you have never owned a home or if you have, this is the time to purchase the home you plan to live in for a while. The interest rates being at an all time low make housing costs very affordable. Prices seem to have stabilized in the Charleston area. There may still be a few bargains available... I can show you those too. However, the bargains usually are not so much of a bargain when it comes to the work that needs to be done to make these homes livable and comfortable. But some people enjoy taking on a project. There are also some new home builders that are offering to pay your closing costs. The best thing you can do is look to a professional to help you figure out several factors.... Where do you want to live... Area? What price can I afford? How much can I afford to invest each month and meet all of my other objectives? You may be wanting to purchase a less expensive home to save more for retirement or saving for your children's college.There are many reasons to make this decision.
Call me and lets talk about what you are wanting to achieve with making your move. I can help you figure out whether or not this is a good idea for you and what to look for?
Carolina One Real Estate
Happy New year to all,
Everybody wants to know if they should buy or wait. If you research a market like Charleston, S.C. you can see our housing prices are inching upward and in some cases moving back to a normal pace. There are still some great buys at the upper price markets. If you are looking for a beach house or condo there are still some fair values out there. But it is not easy to get financing for second homes and cash is king.
We find that builders are starting to fight over the remaining lots that have been on the ground. That translates to further housing increases for buyers. We have gone through the inventory and what we are seeing now is that builders will offer good incentives but no bottom of the line deals. Only if it is a home in an area that you probably don't want to live either. Too far out, too far away from shopping, schools etc. Those are the "deals" left. If it doesn't matter where you live we have a few of those homes lagging on the market.
So with the rates at an all time low and housing prices heating up, inventory shrinking..... what are you waiting for?
Call me 843-718-7379
Carolina One Mt. Pleasant North
Should I rent or purchase? This is the question many of you have. There are several factors to consider. How long you plan to be in the area is a big factor. In Charleston, we have people that are coming and going. Some people are only going to be here for a couple of years. In that case I would suggest you plan to rent. I recently had a person that was going to be here for a couple of years and eventually planned to come back to Charleston. We figured out that the best thing for this individual was to purchase a town home with yard service included. They lived in their home with a roommate and lived practically free for a year. Now they are renting the home out and making the payments. In a couple of years they will be back here and move into this home. Currently the home prices are going up, mortgages are becoming harder to secure so they will have their home when they return to Charleston. Talk to people that you trust and believe can help you make the best decision possible. Nobody has all the answers but try to make an informed decision.