When an agreement to buy and sell real estate is made between a buyer and seller, there are usually several contingencies that have to be met before the sale can close. One of those contingencies is that the appraised value of the property is at or above the agreed sales price. Nine times out of ten – or should I say 39 times out of 40 in my case – the appraisal comes in a few dollars more than sales price and everyone is happy. But what if it doesn’t? Read the rest of this entry »
What if the House Doesn’t Appraise?
21 05 2010Comments : 2 Comments »
Tags: appraisal, appraised value, berkeley, buyer, buyer's agent, Carolina One, charleston, contingencies, contingency, dorchester, goose creek, hanahan, home value, ladson, north charleston, purchase contract, Real Estate, seller, Stephanie Davis, summerville
Categories : Home Financing, Real Estate
Tech Jobs Going Unfilled
18 02 2010
Companies in the Charleston Digital Corridor saw a need to show-off the increase in technology companies and jobs here, so they got together and created charlestonworks.com, a Web site that lists 150 Charleston-based technology companies and the positions they need filled.
While unemployment numbers remain alarmingly high in the Lowcountry and across the nation, the Charleston Regional Business Journal reported this week that several companies in the Charleston Digital Corridor are struggling to find the talent they need.
Recruiters for these companies say it’s tough to find people for the jobs that need filled because most people who don’t live in Charleston see our area as a tourist destination, not a place with a lot of career opportunities. Read the rest of this entry »
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Tags: charleston, charleston digital corridor, charleston regional business journal, charleston works, charlestonworks, high-paying, home prices, home sales, homes, houses, job opportunities, job placement, job search, jobs, local economy, market, Real Estate, relocation, sc, tech
Categories : Local Information
New Truth-in-Lending Law May Help Borrowers
13 07 2009
Of the four closings I had last week, I felt my buyer client was taken advantage of at the last minute in two of them. A new law may prevent some of what happened from happening again in the future.
The first one had a slew of issues from the moment we wrote the contract and took three months to close. In the end, after my buyer had done everything in her power to adhere to the contract (there were many third parties involved that slowed the process considerably), the bank (the seller) charged my buyer $100 per day Read the rest of this entry »
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Tags: agent in the creek, berkeley county, Carolina One, charleston, delayed closing, dorchester, housing and economic recovery, HUD, lender fees, mortgage disclosure, Real Estate, settlement statement, TIL, truth-in-lending
Categories : Home Financing, Legal, Local Information, Real Estate
CTAR Says Market Shows Improvement
17 06 2009The Charleston Trident Association of Realtors® (CTAR) published a report this week that suggests market conditions are improving – or at least stabilizing, citing three months of growth in the number of sales and median pricing from April to June. Keep reading for the report in its entirety… Call me with questions. Read the rest of this entry »
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Tags: berkeley, charleston, CTAR, dorchester, improvement, market, market improvement, market increase, market stabalization, median sales price, price comparison, Real Estate, residential, sales comparison, spring market recap
Categories : Local Information, Real Estate
Real Estate Buzzing with Excitement
12 02 2009
Once the holidays were over and the 2009 ball dropped, a funny thing happened to us at the real estate office: The phones started ringing!
When the market slows down agents continue to look busy. We spend time catching up with past clients, beefing up our marketing efforts, taking classes, etc. We may be on the phone a lot, we may even work late. But a lot of it is what I call “wishful working.” You know, staying busy today hoping to get a paycheck tomorrow. The office was quiet during the holidays, but we agents were there anyway.
Boy what a difference now. Hallway chatter has all but stopped, doors are closed, desks are messy, phones are ringing, we are busy. Everyone. Suddenly we’re doing all we can to keep up with all the people interested in buying and selling real estate. Last week alone I received phone calls from five people wanting to list their property or buy a house.
It’s overwhelming, but I’m ready. You won’t catch me off guard or too busy for your call. I’m here and I’m saying BRING IT ON. What a great year in real estate this is going to be. I’ve been looking forward to it all winter.
Click here to see a short video from ABC News that talks about the increased traffic in our market.
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Tags: abc news, berkeley county, charleston, goose creek, Real Estate
Categories : Real Estate
Forbes Recognizes Charleston’s Strong Market
26 01 2009While it’s true that all real estate is local, and we should always trust a local source of market information over a national one, it’s nice to see positive news on the national level about our local real estate market. This month Forbes Magazine named the Charleston, SC, housing market as one of the strongest 25 in the country, and said it will be one of the first markets to recover from the current nation-wide slump. Read the rest of this entry »
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Tags: buyers market, charleston, forbes, low interest rates, pricing, Real Estate, recovery, sc, south carolina
Categories : Home Financing, Local Information, Real Estate
