Michele's Charleston, SC Posts

How I sold my home in 10 days--Selling a Home to the Internet buyer in Today's Market

Fri, 20 Nov 2009 20:22:27 -0600

Selling a home in today's market can be tough and that is an understatement for homeowners who bought in 2005-2007 in the Charleston SC real estate market. I had to have a heart to hear with myself and take my own advice I would give to any other seller. The 2 biggest hurdles that I have to help sellers jump is price and condition.

Appraised value and market value are 2 very different things. In buyer's markets, value and price do not always meet in middle. What you paid for a property or what you need to get out of it does not determine price either. I admit I had this discussion with myself as I argued about what price to list my home. After all, we had put over $25,000 in upgrades in this home and we should get our money back out, right? ...hardwood floors, ceramic tile, granite countertops, flagstone patio, landscaping, blinds, etc. I'd love to just break even at least but the reality of the situation is that the builder had dropped prices, offering the same upgrades; there was a foreclosure listed at a significant discount around the corner AND there had not been a successful re-sale in my subsection in over 1.5 years. In today's market based on what has sold and what is on the market, I struggled on the price because what kind of realtor would I be if I put the sign in the yard and it stays up for months and months on my own house?! Well, we bit the bullet and decided on a painful price slightly less than what we paid for the home and much less than the $25,000 we dumped into it.

Now the next hurdle, addressing the condition. I like to think we had a nice home, very trendy with lots of upgrades. Who wouldn't want to buy it?! I had my stager, Melissa Marro come in from the First Impression team for a staging consultation. Per her recommendations, we did a lot of painting and packing to get ready. Then the showcasing began with the finishing touches by the stager to make sure furniture placement was right and add artwork and some missing pieces like a bed in the 3^rd bedroom and patio furniture outside.

Then comes the marketing. I took photos of every room including the exterior, yard, and screen porch and patio, making sure to find the best lighting and taking photos from different angles. We even light a fire in the fire pit on the patio for photos so buyers could visualize using this additional space. I also took photos of the neighborhood amenities and streetscape. I made sure to upload the survey of the property, the Covenants and Restrictions, a copy of the floorplan, and created a flattering virtual tour to include photos of the house, yard, streetscape and amenities. The home book had the Seller's Disclosure, along with the survey, Covenants and Restrictions, floorplan, name of utility companies and average bill, and HOA mgmt information. Any buyer considering this home had just about any piece of information they could possibly want.

Within the 1^st week, an agent that had not shown the home called me to say he was pretty sure he was going to be bringing me an offer but he just wanted to stop by to look at the house for himself. Turns out the buyers weren't coming to town for 2 weeks and they hadn't seen any other houses they liked. They didn't want to lose this house. They wanted their agent to look at the house to make sure it looked as good in person as it did in photos. On day 7 of listing the home, we had a contract from a buyer that had never stepped foot into the house. We ratified the contract 3 days later at 99.5% of list price and we closed 3 weeks later.

All that to say, buyers are out there looking for their perfect house. What are you doing to make your listing their dream home? I won't tell a seller to do anything I wouldn't do. That means, I'll give honest info about pricing your home even if it hurts. I'll make staging recommendations that are necessary so that we can have photos that show off your home in the best light. We'll do everything possible to market your home but that means we'll need your help in following through with recommendations and obtaining property info like survey, Covenants & Restrictions, etc. There is an equation to get a property sold but it can require some elbow grease and work to get the property ready as well as making a tough decision on pricing. But in the end in my case, based on past sales, I saved over $25,000 in carrying costs (mortgage, utilities, landscaping, etc) by pricing it right and getting the house in showcase condition and selling it in 10 days versus 18 months.

(Right PRICE + Best CONDITION including STAGING + cutting edge MARKETING exposure = SOLD!)

Contact Michele Reneau, Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. 843-814-6680. Michele Reneau is a Certified Staging Professional Elite Instructor and teaches agents how to use staging to maximize their real estate business and Help Sellers Protect their Equity using Home Staging while earning the CSP Elite designation. She is also available for speaking engagements in on: How to use social networking to improve your real estate business, Why Home Staging is a Must in Today's Market, How to calculate market statistics and use them to understand and explain to sellers where the market is going using data, and discussing statistics with sellers to help them price their property to sell. Michele is a Certified Residential Specialist with a top real estate team in Charleston, SC. Featured on HGTV's House Hunters and Real Estate Executive Magazine. RESA 2009 Staging Realtor of the Year Nominee. The Charleston Relocation Experts Team specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. Michele can also be contacted by email at michele@CharlestonRelocationExperts.com.

Is your Perception vs. Reality Out of Whack??

Thu, 19 Nov 2009 15:23:23 -0600

I don't think I'm being a pessimist here. I prefer to be more of a realist. Zillow published a report about this showing that homeowners across the nation are overly optimistic about the value of their home with 41% of homeowners surveyed believed that their home value will increase in the next 6 months.

It's certainly never been a better time to buy with low interest rates, tax credit incentive, inventory galore and lowest prices in 6 years or more. It's never been a better time to sell for the same reasons even for sellers that might be upside down. Believe me, we sold our home this year for less than we paid for it and brought money to the table even though we put 5% down and paid the mortgage down over 5 years. But we are moving up to a bigger home for less money that we could have 5 years ago so now is the time for us to make a move into our dream home.

In my opinion, the short sale and foreclosure projections are grossly underestimated and based on some of the leading real estate spokespersons that I respect (like Steve Harney), recovery is still a long way off, at a minimum 2014 and up to 2023 for some states like CA, AZ, OH, FL. There are signs in the Charleston area that things are improving, but I prefer to temper the optimism with the following information that may impact the market in the next year or two.

Interest rates by this time next year will most likely increase 1-2 points. They can't stay low forever. Higher rates will also contribute to more falling prices since buying a home at $200K at 5.5% vs 7.5% will throw many people out of the ball game because the principal and interest payment will increase by over $250 per month.

What are we gonna do after the tax incentive ends? First time homebuyers are accounting for about 60% of sales. Homeowners that want to move up and take advantage of the credit may or may not be able to if they can't compete to sell their home with existing resale, short sales and foreclosures.

I have a rental property that I put up for sale a year ago that didn't sell. The lease is almost up and based on values, I have to list it for $15,000 less now. I just don't realistically see values increasing anytime in the near future. The good news is that in my area, they seem to be static for the time being. This could be a false sense of security given by the 1st time buyer tax credit which has increase sales and held values somewhat steady.

Buyers should make a calculated move on the decision to purchase. If you have to move in 2 years, it's probably not a great idea to buy a house unless you plan to keep it as a rental (which isn't a bad way to build wealth, but it does take some consideration). My opinion on values is that I don't think you will lose as much value as your value will be static for some time until the economy and real estate markets heal their wounds depending on where you purchase. In order to re-sell your home and break even, on average with the cost of selling a home and paying a buyer's closing costs which is customary in our market, your home would have to appreciate approximately 9+ percent. It's possible that you get a stellar deal on a foreclosure or short sale and we have helped many buyers do this, but most people will pay market value. Even if you land a great deal, you are most likely dumping money into it to make it your own as banks do not care for properties that way owners do.

We still have lending issues where lenders have swung from one extreme of loose lending to the other where it seems like you have to give a blood and urine sample to get your loan closed. A balance will have to be struck in the financing world to assist in the recovery. And home buyers and owners will have to get back to the basics of living within their means and saving for a downpayment.

While it's difficult to predict what will happen, I think we cannot be naive about it because buyers and seller alike need us to help them make good decisions. For some people, that will mean not purchasing and non selling but it's important to give them good information so they can make that decision. We have a short window of opportunity for the tax credit to stimulate the market but it is a fallacy to believe or lead consumers to believe that we will get back to the good ol days of soaring appreciation any day now. We might call them overly optmistic homeowners, but I agree with Zillow that they are just most likely misinformed or confused.

Vendor Spotlight--Good Earth Landscaping--Charleston, SC

Wed, 18 Nov 2009 19:47:06 -0600

It is often that I'm asking for a landscaper recommendation or that I recommend one to clients. Clients with vacant homes need regular maintenance and sometimes curb appeal assistance--the most common being de-weeding, pinestraw addition and a good edging. The landscaper I'm going to recommend is someone that I utilize on my personal rental properties. Within 2 months of the new maintenance service, one of my tenants emailed me to let me know the lawn had never looked so good. Chris Straney of Good Earth Landscaping became my go-to guy for landscaping services. Chris makes my job easier. I always handle getting estimates for out of town clients and Chris is very accessible. I can just send him a text or email of the address with a short description of what is needed. And I get an email estimate within 24-48 hours. Not only is he accessible, he is reliable. I had previous service on my rental property and my tenants would call me to ask me when the lawn was going to be cut. Chris is at my property every 2 weeks and I don't worry about getting overlooked. And even better is that he takes before and after photos (one such example of before and after is pictured here). Since many of my clients are out of state, this is such a wonderful service that both my client and I appreciate. If you are in need of landscaping service, consider Good Earth Landscaping. Chris can be reached at goodearth@comcast.net or 843-810-7441.

We are approved by Boeing 3^rd party relocation company as Charleston Boeing Relocation Specialists with Carolina One Real Estate in Charleston, SC. Visit us at www.CharlestonBoeingRealtors.com. Contact Top Real Estate Agents, North Charleston, SC Relocation Experts, Licensed Realtors® in South Carolina at 843-849-5217 or info@CharlestonRelocationExperts.com to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. View all homes for sale at www.myCharlestonMLS.com

If you still don't believe staging works...here's more proof!

Tue, 17 Nov 2009 09:48:18 -0600

We recently took a listing in Goose Creek, SC in Berkeley County that had been on the market for over 10 months with another company. The first listing was occupied by the homeowners and the 2^nd listing was vacant after they relocated out of the area. I previously blogged about this listing showing vacant, occupied and staged photos-Take a look at the difference here. I've posted photos of the most dramatic room transformation here-the dining room.

During the previous 10 months, they had approximately 25-30 showings with not even one offer. In just 10 DAYS, we had our 1^st showing and an offer in hand. I do not believe this is luck of the draw. The property shows amazingly different and looks like a model after the fantastic staging job by First Impressions staging company and it cost the owner less than 1% of the sales price to have the whole house staged and repaint this room. Because of the new look, we even raised the price slightly to offset the staging costs. While the offer is still in its infancy and I'm not sure we will come to terms, the fact of the matter is that this home has now generated an offer. Staging works! This home proved it in just 10 days to elicit an offer. Even if this one doesn't work out, I'm confident, we'll get another bite.

We are approved by Boeing 3^rd party relocation company as Charleston Boeing Relocation Specialists with Carolina One Real Estate in Charleston, SC. Visit us at www.CharlestonBoeingRealtors.com. Contact Top Real Estate Agents, North Charleston, SC Relocation Experts, CRS, GRI, ABR. Licensed Realtors® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all North Charleston SC and surrounding homes for sale at www.myCharlestonMLS.com

Why Bank of America banking services STINK (to put it nicely)

Mon, 16 Nov 2009 14:11:41 -0600

I have my business checking account with Bank of America (BOA). About a year and a half ago, I started a savings account as a sinking fund for big purchases that I make on occasion and to build a reserve for my business. Well, I recently used much of the savings to replace the transmission in my car but left a small balance. Over the course of a few months, I think saw my account in the NEGATIVE! I was shocked and not sure how that could happen. Much to my surprise, BOA had been debiting a $12.00 maintenance fee from my savings account.

When I opened the account, I was clearly told that I would not be assessed any monthly fees as long as I maintained a minimum balance of $10,000 between my 2 accounts. Easy enough so I agreed. I contacted BOA and the customer service man was nice enough to refund me 3 months worth of monthly fees, but that still left 6 more months of charges I was out. He said I would have to call back and speak to the center where I started my account. No where on BOA's website could I find this number so I called back to the same number. The lady told me that I should have checked my savings account statements for suspicious activity and I could have reported it sooner. While, I check my checking account statements to balance my checkbook, I never thought in a million years, I would have to check my savings account for suspicious activity from my BANK!!! Ok, so maybe it was my fault for not catching it, but I assure you that I would have NEVER started a separate account had I not been told I would be assessed any fees as long as I maintained the minimum balance between my 2 accounts. Strange enough, I told her I wasn't charge this fee when I started the account and she told me they usually give a 3 month waiver. Ok, well, from checking my statements, I wasn't charged a fee for 5 months. She couldn't explain that. Then there was one month I was charged the fee, but I had at least the minimum balance supposedly required. Then she said, oh, but there was one day the balance went below. What the heck happened to average daily balance?! She couldn't give me another contact to speak to. She only suggested that I walk into a banking center. I have a feeling they will not be able to help either and I have a feeling, I will be closing this account and taking my money elsewhere.

Prove your Gratitude to Our Veterans by Supporting our Active Service Members

Wed, 11 Nov 2009 12:30:42 -0600

Each Veterans Day, it's a wonderful opportunity to say thank you to our past and present Armed Forces service men and women. I'm thankful for my father (22 years), husband (11 years), countless friends and clients who have served, as well as the 24+million veterans who have served in the past. I'd like to challenge you to consider looking for ways to show your gratitude by looking for ways to support active duty families each and every day--the mom or dad and children left behind or the soldiers in faraway places away from their families. You could take dinner to the family missing their wife or dad or provide a few hours of babysitting. There are many opportunities and programs to support our troops a far. Here are a few:

http://www.cellphonesforsoldiers.com/

http://www.anysoldier.com/

http://www.opgratitude.com/

Please encourage your family or business to unite to show thanks and support to the 1.4+ million who are currently serving in uniform today as your way of showing gratitude for their service. The Charleston Relocation Experts Team invites our clients, friends and family to assist us in the Red Cross Holiday Mail project. We will be collecting holiday cards to send to troops. Please visit the website http://www.redcross.org/holidaymail for dos and don'ts. You can drop your card off at our office before Dec 4th at 628 Long Point Rd, Mt Pleasant, SC 29464 and we'll send them in one big package so they arrive by the deadline. Thanks for joining us in this effort!

We are Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agents, North Charleston, SC Relocation Experts, CRS, GRI, ABR. Licensed Realtors® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all North Charleston SC and surrounding homes, visit www.CharlestonBoeingRealtors.com and then click on Search for Homes. Follow us on Facebook at: www.facebook.com/CRETeam

Buyers Get 2nd chance: Tax Credit extended, Military Incentives added!

Mon, 09 Nov 2009 17:32:16 -0600

The $8,000 tax break for first-time buyers, which was set to expire at the end of this month, will continue until April 30. Buyers would have to have signed a contractual purchase agreement, but not necessarily close on the sale. Another 60-day cushion beyond the end of April would be provide to complete the closing to June 30, 2010.

The measure removes the first-time-only stipulation opening the tax benefit up to existing homeowners who've lived in their current residence for at least five years but want to relocate to a new primary residence. The incentive amount for those buyers is $6,500.

The income limits for both first-time buyers and existing homeowners would be $125,000 for individuals and $225,000 for couples - up significantly from the current first-time buyer thresholds of $75,000 per individual and $150,000 per couple.

The tax break would only be offered on homes priced at $800,000 or less, and beneficiaries who sell the home or stop using it as their primary residence within three years would be required to repay the credit.

The tax credit is also set to be extended for another year for military personnel serving outside of the United States until June 30, 2011. What a great way to honor our military heros with Veteran's Day approaching this week.

Please join me on November 10, 2009, in wishing the United States Marine Corps a Happy 234th Birthday.

I'd also like to extend this tribute to all of the men and women serving in all branches of the U.S. Military - Army, Navy, Air Force or Coast Guard. Thank you all for your tireless dedication to keeping our country safe. Veteran's Day is November 11th. Please remember to thank a veteran this week.

We are Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agents, North Charleston, SC Relocation Experts, CRS, GRI, ABR. Licensed Realtors® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all North Charleston SC and surrounding homes for Sale Click Here and then click on Search for Homes.

Occupied, vacant, then staged: Look at the difference staging makes in this house!

Sat, 07 Nov 2009 12:18:42 -0600

We just took a listing that has previous been on the market in Goose Creek for over 10 months. When we reviewed the past listings prior to our listing appointment, we instantly knew the problem(s) and how we could improve the odds of selling. The problem was presentation! It's the first rule in marketing IMHO. The product must be appealing and packaged properly. This is a lovely home with a fabulous floorplan in a wonderful community but the previous listings didn't convey this. If buyers don't like what they see in the photos, they aren't going to step in the door.

During the first listing, the house was occupied and wasn't showcase properly to entice a buyer. This home is in a neighborhood competing with new construction and a model home making it irrestible to buyers. In second listing, the house was vacant. The rooms looked small, lonely and forgotten. This home needed the dining room needed to be painted and the house needed to be staged. The transformation made by Melissa Marro of First Impressions is amazing as showcased in the photos below. We are expecting amazing results and can wait to report back. What do you think? Which house photos are going to make a buyer schedule a showing? They say a picture is worth a thousand words. I believe they can be worth several thousand dollars in saving carrying costs and helping a seller retain more of their equity. I wish I would have met this seller sooner because I believe if we had taken this listing sooner and made these changes, they would have sold sooner and at a higher price since the market has changed in the last 10 months when they went on the market.

UPDATE 11/16/09: We've been on the market 10 days and we just got our first showing and an offer!! While it was a low offer and I'm not sure if we'll work it out, it goes to show staging works! This property was on the market with another agent for 10 MONTHS with NO action. Just 10 days with staging has produced an offer!

We are Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agents, North Charleston, SC Relocation Experts, CRS, GRI, ABR. Licensed Realtors® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all North Charleston SC and surrounding homes for Sale Click Here and then click on Search for Homes.

The best place in Charleston, SC to take your car for tires and brakes

Wed, 04 Nov 2009 18:30:35 -0600

Have you passed by the bright orange building? If you have tire, brakes, alignment, struts, etc, be sure to stop in for friendly and honest service at Geralds Tires and Brakes. They have truly mastered the art of customer service. I've been taking my car to Geralds for over 15 years. I'll never forget my first experience. I was 18 and drove a Mustang. The brakes had been squeaking and this college student was on her own. I took my car into a name brand auto shop known for brakes to find out what was wrong. The techinican told me my brakes needed to be replaced and it would cost $750. $750 to a college student might have well as been asking for my index finger. I couldn't afford $750! I drove away just about in tears wondering where I would come up with the money. I passed by Geralds in the bright orange building and decided to stop in for a 2^nd opinion and hopefully a lower price. After 45 mins, a friendly face squatted beside my chair and said, "Ma'm, your rear brakes are squeezing because they need to be adjusted. We took care of it for you and there's no charge. Have a great day!" It was everything in me not to bear hug this man. I said, "Are you sure? Because I just got an estimate from someone else that told me my brakes had to be replaced."

"Yes Ma'm. I'm sure."

Then it dawned on me that this other place tried to rip me off! As I got in my car, there was a single red rose on the passenger seat with a printed note that said, "Thanks for letting us serve you!"

Hello!? They were honest about the work needed. Fixed it. Didn't charge me for it and then give me a rose. Talk about knowing how to treat a lady! I've never gone anywhere else for anything they can do. Granted they are always busy so there may be a wait, but there is always a friendly face to greet you and I know I will get an honest assessment. And I know you will too! Also, if you purchase your tires from Geralds, they offer free tire rotation and flat tire plugs and patches for the life of your tires. Can't beat that!

Geralds Tires and Brakes has 6 Charleston area locations. They are open Monday-Saturday but you'll want to get there first thing in the morning to avoid the long lines. Visit their website, http://www.geraldstires.com, for more info.

We are approved Charleston Boeing Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agents, North Charleston, SC Relocation Experts, CRS, GRI, ABR. Licensed Realtors® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all North Charleston SC and surrounding homes for Sale at www.CharlestonBoeingRealtors.com and then click on Search for Homes.

Be a tourist in your own town! -Charleston, SC that is!

Wed, 04 Nov 2009 18:19:53 -0600

There are so MANY fun and wonderful things to do in the Greater Charleston, SC area but the costs can add up, plus it can be tough to know where to start. For a limited time until Dec 31, 2009, you can purchase your "Be a Tourist in Your Own Town" pass which offers residents of Charleston, Berkeley and Dorchester counties free one-time admission to 33 area attractions and discounts at 24 restaurants during the month of January 2010. Visit their website to view which attractions http://www.beatourist.net/attractions.html and what discounts are available. Some popular attractions include Aiken-Rhett House, Carolina Ice Palace, Charles Towne Landing, Charleston Museum, Magnolia Plantation, Middleton Place and The Old Exchange and Provost Dungeon. Popular restaurant offering discounts on the pass include 82 Queen, Bocci's, Morgan Creek Grill, Tommy Condon's Irish Pub and The Library at Vendue Inn.

Passes are $20 for an individual or $50 for a family (up to 4 members). A local ID is required to purchase. Passes are on sale November 1 - December 31 and are valid for use during the month of January 2010. Passes may be purchased by visiting www.beatourist.net, calling 843-853-8000, and are available at any official area visitor center. Take advantage to see your town at a fraction of the cost and enjoy!

When will prices again approach the 2005-2006 peak?

Tue, 03 Nov 2009 21:20:49 -0600

For some, the list below can be depressing depending on which state you live in. But on a positive note in looking at the info below, prices have never been lower. In Charleston, SC, Moody's predicted that Charleston would only decline 1 more percent and the bottom would be in the 4th quarter of 2009. Now is the perfect time to buy, enjoy homeownership and be on the incline in the next 5 years. As a seller, you have to ask some tough questions. Can I hang on to the property for at least 5 years? If the rent doesn't cover the mortgage, can I pay the difference? Can I afford the necessary maintenance that may come up in the next 5 years i.e. water heater, dishwasher, HVAC, or roof replacement, HOA fees, regime fees, landscaping, carpet replacement, etc. Sometimes, it may be better to cut losses now when you consider the cost of maintenance and repairs.

On October 6, 2009 at 11:51 am, Steve posted this blog that I think is interesting and would like to share. Please find his original post here.

Steve says:

"Many sellers want to know how long would they need to wait to again see the prices of 2005-2006. Moody's and Fiserv have actually studied this point. Here are the years that different states will probably return to those prices:

Before 2014

Maine
Vermont
Kentucky
Pennsylvania
South Carolina
Alabama
Alaska
Iowa
Montana
South Dakota
North Dakota
Wyoming
Nebraska
Kansas

2014-2017

Massachusetts
Connecticut
Delaware
Ohio
West Virginia
Indiana
Wisconsin
North Carolina
Tennessee
Mississippi
Arkansas
Missouri
Louisiana
Oklahoma
Texas
Colorado
New Mexico
Washington
Oregon

2018-2022

New York
New Hampshire
New Jersey
Maryland
Rhode Island
Illinois
Hawaii
Georgia
Idaho
Utah

After 2023

Virginia
Florida
Michigan
Minnesota
California
Nevada
Arizona

There are two ways to look at this data. First, if you are thinking of selling, sell now - don't wait. The other point is, if you are buying this year, in 43 of the 50 states you could see a dramatic increase in value within ten years. I think this data can help both buyers and sellers make good decisions for themselves and their families."

Per Steve Harney's comments, The information was taken from a study done by Fiserv and Moody's which was reported by Seeking Alpha on 9/19. I highly recommend Steve Harney's blog. You can find it at www.SteveHarneyBlog.com

We are Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtors® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all North Charleston SC and surrounding homes for Sale Click Here and then click on Search for Homes.

Honest, reliable and affordable licensed plumber and electrican in Charleston, SC

Tue, 03 Nov 2009 09:39:26 -0600

When relocating to a new area, its often hard to find out who to call when you need certain services. You can call any joe from the phone book, but we'd like to do a series on local vendors that you may need. For each vendor, we have had personal positive experience with them on our personal homes as well as for our clients that we have referred. It's often hard to find a serviceman that is honest, reliable and reasonably priced. So we will feature vendors with these wonderful traits so you have a firsthand recommendation. If you have need of a recommendation we have not listed yet, please feel free to call or email us for one.

Our first recommendation is for honest, reliable and affordable plumbing services in the Charleston, SC area.

I recently had an elderly client who had a soggy front yard. They instantly called a plumber from the phone book. I happen to check on her and she told me that it was going to cost over $600 to replace the pipe in the front yard from the meter to the house. I asked her to let me send out my plumber, Danny Wheeler of Village Plumbing and Electric, out for a 2^nd opinion. He went out the next day and informed the owner that after turning off some valves to the house, he did not believe the pipe in the front yard was leaking. In fact, there was a busted water hose in the front yard. The spigot was turned on but because the hose busted, the nozzle wasn't stopping the water and it was soaking the ground. He also found some valves that needed replacing but the visit overall was only $100. Now, I can't speak for the 1^st company that went out, but I can tell you that if you need an honest licensed plumber or electrician in the Charleston, SC area, you can count on Danny Wheeler of Village Plumbing and Electric. He has done lots of work personally for me including wiring an old house, adding new plumbing when we added a laundry room in one of our rentals and more. We have used him to have repairs done after home inspections and we are confident in referring our valued clients to him.

Danny Wheeler can be contact at 843-991-5526. His company served the Greater Charleston area. You can call him for a free quote and best of all, his work is guaranteed for a year! I don't know anyone offering that guarantee. How can you go wrong?

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Charleston, SC welcomes Boeing & employees!

Mon, 02 Nov 2009 19:45:23 -0600

I can't even begin to express the excitement in the air as the announcement of Boeing has settled over the Holy City. Boeing has been part of the Charleston family for a while, but last week, Boeing announced that it will make Charleston home to its second final assembly line for the 787 Dreamliners growing their existing facilities. This addition is estimated to create at least 3,800 jobs and invest more than $750 million within seven years to take advantage of the various inducements. This announcement is HUGE for Charleston as we anticipate the creation of new jobs as being a boost to our local economy as well as the real estate market as new families relocate to the area. Additionally, Trident Technical College will be ramping up to host employee training for jobs at Boeing.

The Charleston Relocation Experts Team is excited to welcome Boeing and its employees to Charleston, SC. You are going to love this place and we can't wait to show you why. When your relocation plans come through, so will we! Call us and allow us to introduce you to the Lowcountry and help you with your real estate needs. We are already approved real estate agents with your 3^rd party relocation company to assist you in your relocation. So get a jump start and contact us now to get started.

Relocation Specialists with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtor® in South Carolina at 843-849-5217 to list your home for sale or to purchase a home in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specializes in relocations, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all Charleston Metro area homes for Sale Click Here and then click on Search for Homes.

The market value of your home is not...

Wed, 30 Sep 2009 13:32:34 -0500

We certainly understand that is a tough time to sell a house as a seller, particularly for those who purchased after 2004 competing with falling prices, new construction, foreclosures and short sales. Sellers and agents should be reminded of the following when determining price or making counteroffers.

The market value of a home is not...

What you have in it--While we realize this is an important consideration for the seller, it is not for the buyer or appraiser. Market value does not account for all that you have put into your home. Trust me, I put $25K into my house over the last 4 years. We sold it for less than we paid for it. I feel your pain.
What you need out of it--Wouldn't it be nice if we could name our price? Those days are long gone. Fact is for many sellers that need a certain amount to purchase the next house, however, that number doesn't change what a buyer is willing to pay for your house.
What it is appraised for--Appraisel is different from fair market value. Value is determined by the price a buyer and seller agree upon. If you consistently get offers on the same price that you are declining, it's more than likely reflects fair market value.
What you heard your neighbor’s house sold for--Your neighbors probably lied. I hate to say it but I can't tell you how many times, I've research properties that sellers said their neighbor sold their house for X price. Well, X price was usually the listing price, but seller actually got Y. Not to mention, the neighbor's house had a private backyard, hardwood floors, granite countertops and 300 extra square feet.
What the tax office says it is worth--Is the tax assessor's office accurate about anything?
What it is insured for--Insurance value is determined in many ways. One if based on replacement cost and with inflation over the last few years, it can often cost more to rebuild your home that it would be to buy an existing home.
Based on memories and treasures--While you love your home, the future buyer wants to make their own memories. Your memories do not have value to the future buyer.
Based on prices of home where you are moving--Do you want buyers making their offers based on where they came from? Probably not so you can see how this argument will not work for you.

Market value is calculated much differently today than 5 years ago. When we consider comparables for a listing, we do look at sold comps, but its important to consider active listings as they are the real competition. Contingent and pending listings show where buyers are biting. It's also important to consider competiting neighborhoods within the immediate area to make sure you are priced in the top 3 to avoid chasing the market on price.

Michele Reneau - Military Relocation Specialist with Carolina One Real Estate in Charleston, SC. Contact Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtor® in South Carolina at 843-849-5217 to list your home for sale or to purchase real estate in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Experts Team specialize in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. We can also be contacted at info@CharlestonRelocationExperts.com. To view all Charleston Metro area houses for Sale Click Here and then click on Search for Homes.

Is a vacant room really best? What's the difference: Good, Better, or Best

Sun, 12 Jul 2009 18:16:42 -0500

I use to tell sellers you should move out of your house before we put it on the market. Well, not really but it seemed like I was telling them to with removing all the stuff out of the house. Sometimes when sellers have so much stuff, it's hard for the agent and any buyers to look beyond the "stuff." And that even includes me! This home in Goose Creek, SC wasn't so bad, but it doesn't bring me to a point about what is better, a room without a defined function or a vacant one?

When it comes to preparing a home to go on the market, it's important to explain to sellers that there is a Good, Better and Best approach. Often the sellers decision will depend on motivation, time, ability and money on which approach they choose.

This bedroom was used as a catch all room and 2nd office in this 3 bedroom house that already has an office downstairs.

What a buyer needs to SEE in this home is a 3rd bedroom. The house must allow a buyer to envision him/herself and their family in the space. Most people are visual learners which means they are also mostly visual buyers. The house must look and feel a certain way-so that they can see themselves in it.

My first thought was, make it empty! The seller was not going to keep the office furniture anyway so it was a good idea to go ahead and sell it or give it away. So away goes the furniture, but then this room was pretty blah. This blah picture is not exactly going to attract the internet buyer. I wouldn't really call this "Good" but probably "Okay."

My stager, Melissa Marro, brought in some furniture and Viola! This photo makes this room shine, defines the room, and shows off its size and scale. As a empty room, its hard for buyer to know what function this room would serve but this photo really showcases this room. Effective staging can turn Good into Best. Knowing this seller wanted top dollar for their home, we went over the top in each room so that the photos would sell the house. More to come on other rooms in this house. This house sold to an internet buyer that wrote a contract without stepping into this home for 99.5% of list price at 10 days on the market!

REGISTER for the next CSP Elite class, "How to Protect Your Client's Equity through Home Staging" on July 22, 2009 in Mt Pleasant, SC to learn how you can use home staging to list more, sell more and earn more. To register, visit http://cspelite.com/elite_register.php

Contact Michele Reneau, Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. 843-814-6680. Michele Reneau is a Certified Staging Professional Instructor and teaches agents how to use staging to maximize their real estate business and Help Sellers Protect their Equity using Home Staging while earning the CSP Elite designation. She is also available for speaking engagements on: How to use social networking to improve your real estate business, Why Home Staging is a Must in Today's Market, How to calculate market statistics and use them to understand and explain to sellers where the market is going using data, Discussing statistics with sellers to help them price their property to sell. Michele is a Certified Residential Specialist with a top real estate team in Charleston, SC. Since 2004, Michele Reneau has personally sold 174 homes while the average agent in the market sells 6 homes a year. Featured on HGTV's House Hunters and Real Estate Executive Magazine. RESA 2009 Staging Realtor of the Year Nominee. The Charleston Relocation Experts Team specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. Michele can also be contacted by email at michele@CharlestonRelocationExperts.com.

Why YOU Must Carefully Choose Your 1st Four Photos in MLS

Thu, 09 Jul 2009 22:54:32 -0500

Sounds kinda silly, but it can make a difference in the marketing of your listing/home. It drives me nuts to see the 1^st four photo all exterior shots from different angles. The first picture is usually an exterior photo. This picture should demonstrate curb appeal to the max because if a buyer likes what they see here, they definitely want to see more. I can speak from experience because we are in the process of purchasing and we pass over homes that don't have the "look."

Curb appeal means a lot of things and will include a well kept lawn, pressure washing the exterior, removing any debris, etc. Curb appeal can also be enhanced by pops of color. Use hanging baskets with colorful flowers if you have a front porch, potted plants or topiaries on either side of the door, and freshened up flower beds with pinestraw and fresh flowers. Don't forget that curb appeal doesn't stop on the outside. The use of the Internet brings your curb inside.

The arrangement of these photos should be given some serious thought. Here's why: The MLS is a feed for many other home search engines and website, namely I'm talking about Realtor.com, one of the #1 websites where buyers start their search. Realtor.com feeds the 1^st four photos to their website even if you do not pay for the upgraded showcase feature.

Buyers are attracted by certain things but you have to at least have the photos for them to even look. Following are my suggestions that should be included in your top 4 photos.

•1. Kitchens can make or break a house. One of the number #1 features I have found a buyer have requirements on is the kitchen. This room must be clean and uncluttered with plenty of light. Upgraded kitchen will win buyers over!

•2. Family rooms especially when photos demonstrate they are part of an open floorplan and have features such as fireplaces, vaulted ceilings or a view.

•3. Bathrooms are #2 on the make or break a house features. If you have a stunning bathroom, this should be featured.

•4. Outdoor living spaces are an extension of a home and bring value to a buyer. If you have a nice size deck, screen porch, gazebo, pool (if it's an asset vs liability), large private backyard or a view, this photo should make the top 4.

All other photos should follow. The Charleston MLS allows up to 24 photos so the more, the better. If you aren't showcasing the home with multiple photos, what are you telling sellers who are researching listing agents about your marketing skills? What other features are worthy to make the top 4 photos?

Contact Michele Reneau, Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. 843-814-6680. Michele Reneau is a Certified Staging Professional Instructor and teaches agents how to use staging to maximize their real estate business and Help Sellers Protect their Equity using Home Staging while earning the CSP Elite designation. She is also available for speaking engagements on: How to use social networking to improve your real estate business, Why Home Staging is a Must in Today's Market, How to calculate market statistics and use them to understand and explain to sellers where the market is going using data, Discussing statistics with sellers to help them price their property to sell. Michele is a Certified Residential Specialist with a top real estate team in Charleston, SC. Since 2004, Michele Reneau has personally sold 174 homes while the average agent in the market sells 6 homes a year. Featured on HGTV's House Hunters and Real Estate Executive Magazine. RESA 2009 Staging Realtor of the Year Nominee. The Charleston Relocation Experts Team specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. Michele can also be contacted by email at michele@CharlestonRelocationExperts.com.

What will sell a house that costs less than your 1st price reduction?

Thu, 02 Jul 2009 15:49:30 -0500

Mr. Seller called me and needs to tell his house in Dorchester County, SC ASAP because he really can't afford a mortgage payment and rent payment. Besides who wants to throw money down the drain? He relocated his family out of state 2 years ago and rented the property out when it didn't sell. I spoke to the tenants who were more than happy to help the seller sell the home by making the property available for showing because they had been in those shoes before. I previewed the property and stopped in my tracks. I'll just say...clutter, clutter and way too much furniture.

I advised the seller that while this was going to seem painful for him, it would be more painful to start the marketing process before his home was in showing condition. Why? Because, buyers would walk into the home and say it's nice, but found something else that suited our needs better.

Many agents might have opted to list this property once it became vacant because it looks better empty that it did cluttered. What you can't see if that this home had been gently used and without furniture and dressings, a buyer wouldn't be able to get over all those gently used things (i.e. walls and carpet). Don't get me wrong, they will notice it, but staging a property propertly helps to control where the buyer looks. When done by a professional, it helps create an atmosphere so that the buyers can feel themselves living in a home and they can be more objective to look at the space. After some convincing, the seller agreed on my marketing plan to include the staging. It was painful again b/c of the cost upfront, but it has been my experience that proper staging and pricing equals SOLD! With the staging package, I recommend a price of $200,000. If he chose the option not to stage, I recommended the price of $189,000 because the average sold per sqft in the neighborhood is $86/sqft. Also, the average days on market for this neighborhood was 130 days.

I had First Impressions, my staging partner, do quote to have this vacant property staged. Upon staging this 2200 sqft, 5 BR 3 BA home, we listed it for $200,000 because this home now looked like a model. Here are some before and afters. The pictures convey a completely different house!

Due to the seller's situation, we agreed that if we didn't get 7-10 showing within the first 45 days or an offer, we would reduce the price to $195,000. The cost of a 3 month contract to stage the living, dining, breakfast room, 2 bathrooms and the master bedroom was $1600. The GREAT NEWS is that we didn't have to reduce the price because we got a contract for $196,000 on Day 42!! We closed on this property last week!

So this seller could have opted not to do the staging and would have most like received an offer close to $189,000 but it might have taken 94 days which would have meant he had 94 days of carrying costs to pay the mortgage, electric and water bill and lawn service but instead, he netted $8000 more for an investment of $1600!

$189,000

-$4800 mortgage for 3 mo

-800 utilities

$184,300 NET withOUT staging

$196,000

-$1600 cost of staging

-$1800 mortage for 45 days

-$300 cost of utilities

$192,300 NET with staging

$1600 is significantly less than what would have been our 1^st price reduction and it netted the seller over $8000 more. It is our fiduciary duty to help sellers get the most for their money. Would you spend $1600 to get back $8000?

Contact Michele Reneau, Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. 843-814-6680. Michele Reneau is a Certified Staging Professional Instructor and teaches agents how to use staging to maximize their real estate business and Help Sellers Protect their Equity using Home Staging while earning the CSP Elite designation. She is also available for speaking engagements on: How to use social networking to improve your real estate business, Why Home Staging is a Must in Today's Market, How to calculate market statistics and use them to understand and explain to sellers where the market is going using data, Discussing statistics with sellers to help them price their property to sell. Michele is a Certified Residential Specialist with a top real estate team in Charleston, SC. Since 2004, Michele Reneau has personally sold 174 homes while the average agent in the market sells 6 homes a year. Featured on HGTV's House Hunters and Real Estate Executive Magazine. RESA 2009 Staging Realtor of the Year Nominee. The Charleston Relocation Experts Team specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. Michele can also be contacted by email at michele@CharlestonRelocationExperts.com.

Stop trying to find the bottom...

Wed, 01 Jul 2009 09:44:12 -0500

While the Charleston market still has too much inventory to be able to mark the bottom, I must admit that as a seller's and buyer's agent, I have recently been on both ends with multiple offers. This is occuring on property where the price is right and the condition is spectacular! Once this becomes common place, watch out. There will not be a better time to buy that Today. It's impossible to predict the bottom. Jerry Murphy, Phoenix AZ real estate expert, put this perfectly in his post, Stop trying to find the bottom....

Via Jerry Murphy (Windermere Real Estate):

Over the past several years here in the Phoenix real estate market we've been interacting with buyers who have been searching for "a steal".

Well, the "steals" have come and gone. Those buyers who were waiting on the sidelines for these many many months are finding themselves in bidding wars. And many are getting frustrated to the point of giving up.

This is the folly of trying to find a bottom. Whether it be in the housing market or stock market. No market goes up forever, and no market goes down forever. When a buyer of any commodity tries to bottom fish that buyer is going overwhelmed by the other bottom feeders. It becomes a feeding frenzy where only the strong, or most determined, survive.

Buyers need to understand that it is sometimes best not to wait for the absolute bottom. Sometimes buying on the left side of the curve isn't so bad. Sure you may not get the absolute best price, but you're going to get a good deal nonetheless.

Right now in our market we are seeing homes going for $50,000 or more above list price. Cash is king. Home buyers who are buying homes as residences are getting pushed aside by investors. It's the old adage of swimming with the sharks. These people know what they're doing. If you're inexperienced at the game, you probably shouldn't be in it. That's where waiting for the bottom is a mistake. Now you have to play with the big boys. And they play for keeps.

Hopefully everyone is learing some strong lessons in this market. But history tells me that the same mistakes will be made in the future.

For more information about the Phoenix, Scottsdale, or Anthem AZ real estate markets click here.

Are you short changing your buyers when you search MLS?

Tue, 30 Jun 2009 10:18:36 -0500

If a buyer is preapproved for $250,000, what price parameters are you putting when you search for houses. Most would probably do $225,000-$250,000,right? If you are doing this, you could be short changing your buyer on a bigger, better house for the same money.

If I have a buyer approved up to $250,000, I first investigate the list to sale ratio of the type of homes in the areas they are interested in. If the average list to sale ratio is 95%, instead of searching up to $250,000, I would increase the search parameter by 5% up to $262,500. This would provide more and hopefully better options to the buyer. If the average list to sale ratio is 95%, then it can be reasonably expected that a buyer would still be able to stay within the amount he/she is preapproved by negotiating this price down. May not work all the time, but it is a thought. I always ask for my buyer client's permission to do this and explain that if a property is already priced below market value, it might be tough to get the seller to come down more. Most buyers opt to exercise this choice. It's amazing what might be available for only $5,000 or $10,000 more. You will be your buyer's hero.

Choose your Facebook/Twitter tatoo, I mean username wisely

Wed, 24 Jun 2009 06:56:35 -0500

Recently Facebook allowed members to create a username so that you can be identified by a url. i.e. www.facebook.com/yourusername. In all the rage to choose your username, what kind of consideration did you give to your username? This same concept applies to twitter also. In all things we do as realtors, mortgage lenders, or any other business for that matter, we are always branding ourselves whether we like it or not. It starts with the business card, then email header, and then the list goes on and on. Facebook, twitter and other social media sites are changing the face of how we reach out to consumers. If you aren't jumping on the bandwagon, now is the time. If you are, I hope you will carefully consider this suggestion as an extension of your branding strategy.

Personally, I use my facebook page to connect with people I know versus connecting with possible links for referral via other realtors, lenders, vendors, etc. But I do have a twitter account for business use. Most people might choose something simple like your full name or your first initial with your middle name for your username. But in case your 1^st choice is not available, I'd like make a suggestion if you are using facebook or twitter as a business tool. Consider choosing a username that reflects your business. For example, www.twitter.com/chasreexpert. My user name for twitter is an abbreviated version of Charleston RE (or real estate) Expert. If you are using these platforms as a business tool, this might be a great way to brand yourself or advertise your niche market so you can connect with people that are looking for your product or assistance. So you might choose LuxuryRealtor or CondoQueen instead.

So what's your twitter/facebook username? Are you going to reconsider your username choice ?

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Contact Michele Reneau, Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. 843-814-6680. Michele Reneau is available for speaking engagements on: How to use social networking to improve your real estate business, How to speak to sellers about staging, How to calculate market statistics and use them to understand your real estate market and explain to sellers where the market is going using data, How to discuss statistics with sellers to price their property to sell. Michele is a Certified Residential Specialist with a real estate team in Charleston, SC. Since 2004, Michele Reneau has personally sold 150 homes while the average agent in the market sells 6 homes a year. Licensed Realtor® in South Carolina to list your property for sale or to purchase real estate in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. Featured on HGTV's House Hunters and Real Estate Executive Magazine. RESA 2009 Staging Realtor of the Year Nominee. The Charleston Relocation Experts Team specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. Michele can also be contacted by email at michele@CharlestonRelocationExperts.com. To view all Charleston Metro area houses for Sale Click Here and then click on Search for Homes. With over 25 years of Lowcountry Living, my team and I know the Charleston Metro area. We will help you get your home sold and/or help you buy your Charleston home or land.

Gourmet Hot Dog Stand- A must try in Summerville, SC

Sun, 14 Jun 2009 07:47:40 -0500

On Saturday mornings, make sure to stop by the Summerville Farmer's Market on W. Doty Ave off Main St in Summerville. Pick up farm fresh fruits and vegetables, and other neat crafts. But hang around until 11am and wait in line at Perfectly Franks to get your gourmet hot dog, taco or burger. I must admit I can't remember the last time I ate a hot dog. I've always enjoyed mine with sauerkraut, mustard and mozzarella cheese. It's something from my childhood that Dad got us hooked on after he returned from Germany.

You'll be impressed by Perfectly Franks's assortment of dog arrangements including toppings such as pimento cheese, pineapple, cream cheese, blue cheese coleslaw, Dr. Pepper BBQ sauce and fried onions. I recommend the "Franky Luv"-coleslaw, Dr. P BBQ sauce, and fried onions, the "Aretha Franklin"-pulled pork, BBQ sauce,slaw and fried onions or the Frank Cuda (aka Bama)-chili, cheese, blue cheese coleslaw, bacon and fried onions. I can't speak for the burgers but I heard more than once that the "Big Squeeze" is pretty tasty. Don't forget to get a side of sweet potato fries (enough for 2 to share) or home made fries with sea salt and vinegar or chili or cheese. There are 2 small tables inside and a few outside patio tables so plan to have a seat on the curb if the tables are taken. It's worth it!

Perfectly Franks is a family tradition since 1895. They even deliver with a minimum $15/order.

Open from 11am-7pm Monday through Saturday ~ 119 West Doty Ave, Summerville, SC ~ 843-871-9730

Photo update alert

Sat, 06 Jun 2009 20:35:36 -0500

I have to say that I have been extremely busy and have fallen off the AR wagon. I'll be back soon to share lots of recent success stories in my business, but just wanted to point out that I changed my photo since I chopped my hair off. I'm afraid the white might not stand out quite as much, but what do you think?

Before New

You are what you THINK!

Tue, 28 Apr 2009 18:04:44 -0500

You've heard, "You are what you eat." But what about YOU are also what you THINK. It's important to know what's going on in the world but it's time to fill your head - and your thoughts - with more than negative media. I quit watching the news and reading the paper. Now I just read the headlines and move on.

Instead, I'm seeking positive and affirming messages... books, CDs, and people. I heard many times that there are 3 things that will make the greatest impact in your life.

1. The books you read

2. The people you meet

3. The places you go

There's plenty of good things to read that will help you improve yourself or your business. One of my recent favorite reads is QBQ: The Question Behind the Question. I also like the 80/20 Principle.

It's important to stay around positive people. Get away from the Negative Nellies. There are plenty of opportunities out there, but you are not going to find them if you are at a pity party. The is one of the best times in a long time to make a real estate purchase in most markets. There are folks out there that need your help.

Dave Ramsey says, There's a good place to go when you are broke. TO WORK! If you have down time, take a class and brush up on some rusty skills. Or help someone else. Give of yourself to someone less fortunate and the problems of your day will melt away as you encounter someone else whose problems are deeper.

If we are what we eat and we are what we think? What are you thinking about most these days?

You are losing money because you don't have multiple photos

Wed, 15 Apr 2009 14:05:36 -0500

I got a phone call from a client that liked a real estate listing I sent to her in North Charleston, SC. See to the only photo in MLS below.

This 3 BR 2 BA 1575 sqft home was originally listed at $163,000, dropped to $153,000, then $145,900, then $139,000, and this week, it was just reduced to $129,900. This property is a bank owned property that has been on the market since November 2008. My buyer wanted to see more pictures of the interior since there was only one photo (the exterior) which is the minimum required by our MLS. Since the listing agent did not include them, the only way for this to happen was for me to preview this property, take photos and send them to her.

As you can see, you really can't tell much from this photo. It's taken vertically which don't do this house any favors. As a seller's agent, I view it my fiduciary duty to help a seller (regardless of whether is a a bank owner or resale) to maximize the sale in the shortest amount of time for the most amount of money. Most buyers and agents assume that if a property doesn't have multiple photos, it must be a dog inside--which is EXACTLY what I expected to find when I preview this foreclosure.

To my surprise, this home is an absolute GEM for the price!! Check out these photos I took of this property. Why on earth would take a vertical photo of this house. I can understand why someone might think to do so when a garage is a large part of the front of the house, but if you take the photo straight on, it does not focus on the garage.

In all seriousness, there was nothing wrong with this house that couldn't be fixed inexpensively!! The doorbell was broken and the carpet needed to be cleaned and stretched at the least, but replacement would be best. It showed very well, but most buyers will not go inside because they will make assumptions about it.

I was floored to see what a great buying opportunity this is! The crazy thing is that I preview a lot of bank owned property to find this happens over and over. What I notice about the days on market and price history is very sad. I really believe with multiple photos, this home would have gotten the exposure it deserves and would have sold at a higher price. So seller, please ask your agent to send you a link to the MLS listing if they have not sent it to you and don't be afraid to ask for multiple photos. It could cost you days on the market and thousands of dollars.

Contact Michele Reneau, Top Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtor® in South Carolina at 843-572-0518 to list your property for sale or to purchase real estate in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. Featured on HGTV's House Hunters. Publisher/Author for Charleston Real Estate Update including featured listings and sold properties, and monthly statistics on Charleston Real Estate Market. RESA 2009 Staging Realtor of the Year Nominee. The Charleston Relocation Expert specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. I can also be contacted by email at mreneau@carolinaone.com. To view all Charleston Metro area houses for Sale Click Here and then click on Search for Homes. With over 25 years of Lowcountry Living, I know the Charleston Metro area. I will help you get your home sold and/or help you buy your Charleston home or land.

Upgrade your listings photos from winter to spring

Tue, 14 Apr 2009 15:18:14 -0500

Do your sellers and yourself a favor. If you have winter photos of your listing, take a new updated photo with green grass and spring flowers--and update the MLS and marketing photos. It changes the complete feeling of the home and its curb appeal. Don't be surprised if it improves showing activity. This is the least expensive way to freshen up winter listings for the least amount of money.

Spring always brings a renewed feeling in the real estate market. While many people may focus on the interior of the house with staging, curb appeal can't be overlooked! Alone in Charleston, we have seen the activity pick up in March 2009. We saw inventory levels reduce from 27 months to 18 months from the previous month. Huge progress that we are hoping will continue. In the mean time, updating your listings can only help in this market.