Real estate blog entries tagged with real estate by Alan Donald (Keller Williams Realty)

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real estate: Charleston (SC) Real Estate Market Experiences Change in Momentum - 11/19/09 04:43 PM

The Charleston, SC Area real estate market has experienced an important change in sales momentum. Fueled by low mortgage interest rates, improved housing affordability (lower home prices), the $8,000 Tax Credit for first-time home buyers and the prospect of increased employment with the future Boeing plant being built near the Charleston … (0 comments)

real estate: The A-Z of Buying a Home (Part 5) - 11/13/09 07:52 AM

The A-Z of Buying a Home (Part 5)
By Alan Donald, BuyHomesInCharleston.com
This is the last part of our brief guide for first-time home buyers in South Carolina. Once you have closed on the purchase of your home, you will still need to take care of some very important details (in … (0 comments)

real estate: The A-Z of Buying a Home (Part 4 of 5) - 08/28/09 10:30 AM

By Alan Donaldwww.BuyHomesInCharleston.com
You have finished performing your Buyer's Due Diligence and everything's lined up for a closing on a specific date and time (usually at the attorney's office). What happens at this "closing"?
A "real estate closing" is the name given to a completion of the real estate transaction, including … (0 comments)

real estate: The A-Z of Buying a Home (Part 3 of 5) - 08/22/09 12:30 PM

By Alan Donald, BuyHomesInCharleston.com
You found a home, negotiated a favorable contract ("ratified" = signed & delivered). You are supposed to close in 30 days. What now?
This period from contract to closing (also known as "escrow period" in some states) is critical for the buyers to do their due diligence. … (0 comments)

real estate: The A-Z of Buying a Home (Part 2 of 5) - 08/21/09 09:45 AM

The A-Z of Buying a Home (Part 2)
by Alan Donald, BuyHomesInCharleston.com
OK - so you've hired a REALTOR, discussed your needs and buying criteria and got preapproved by a lender. Now it's time to go see homes! Although it is a relatively small city, the Charleston Metro Area is very … (1 comments)

real estate: Are Banks Socially Responsible? - 07/08/09 04:47 PM

On May 1st, Wells Fargo, one of the nation's largest mortgage lenders, decided to tighten its underwriting standards for 200 markets they considered as distressed or soft, requiring higher down payments and making state-income loans off limits in most of these markets. I believe this will cause other banks to follow … (0 comments)

real estate: Tips for First-Time Home Buyers - 06/14/09 12:50 PM

As a first time home buyer, you need to maintain a balance between money and lifestyle in a way that makes sense for you and your family.
Buying a home comes with great benefits, but also with added responsibilities, one of the reasons many would-be first home buyers are very apprehensive … (0 comments)

real estate: What's Happening With Mortgages? - 09/19/08 03:15 PM

WHAT'S HAPPENING TO THE MORTGAGE MARKETS? (Sept. 18, 2008)
On the positive side, Freddie Mac reported that 30-year fixed rate mortgages fell this week for the 5th consecutive week. According to the Mortgage Bankers Association (MBA), lenders saw a 58 % surge in mortgage applications since August 15th, led by a … (0 comments)

real estate: Housing and Economic Act of 2008 - Mixed Blessings! - 09/16/08 01:47 PM

Although it has been heralded as a piece of "life-saving" legislation for the housing market, The Housing and Economic Recovery Act of 2008 that will kick in on October 1st contains some important provisions that will affect our industry adversely:
It eliminates DAP (downpayment assistance programs) that allowed buyers to borrow 100% of the … (0 comments)

real estate: MAKING "LOWBALL" OFFERS WITHOUT OFFENDING SELLERS - 07/16/08 12:39 PM

In the last two years, the housing market in the Charleston area has changed from being a “seller’s market” where sellers had the upper hand and buyers had to dance to their tune, to a “buyer’s market” where roles are reversed and buyers now have the advantage.
The housing market is … (5 comments)

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