April 2012

Found 4 blog entries for April 2012.

How Much Do You Think Your Home is Worth?

When I speak to homeowners who consult with me before listing their home for sale, I find the first thing they ask or want to know is, "What Is My Home Worth?"  Well, that is a simple question with a potentially complicated answer.  I will usually turn the question around and ask them, "What do YOU think Your Home is Worth?"  I do this because I want to understand where are they at mentally in the process of selling their home.  At this stage, most homeowners have not emotionally detached themselves from their home to look at it analytically (as a house) and, in many cases, will overvalue their home's worth. 

The most common answers I get back from a seller is:

  • Price based on what the neighbor's house sold
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The age old motto of real estate is, "Location, Location, Location!"  At Delco Realty Group, we bring context and relevance to what is important to Buyers when they start looking for their next home.  For our Listing (Seller) clients, it is very important to understand this as well since we utilize the human element of buyer behavior to build a custom marketing plan to selling a home based on this motto.

Location to where you Work

Location to where you Play

Location to where your Children go to School

     - (this is the most important search criteria for buyers with children)

Location to where you Worship

There is other criteria buyers consider when purchasing a home, however these are the top four (4) pieces of criteria specific to

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$10 million Home Buyer Program Will Salute South Carolina Heroes
3.75% Interest Rate and $5,000 Toward Down Payment Expenses

The South Carolina State Housing Finance and Development Authority (SC State Housing) announces a $10 million initiative designed to help South Carolina law enforcement officers, correctional officers, teachers, firefighters, nurses, veterans and EMS personnel who want to become homeowners.

Buying a first home can be a challenge, even if you are employed in a noble profession, but with a modest salary. Palmetto Heroes will provide low interest home loans to members of these professions who qualify. Eligible Palmetto Heroes home buyers can get a fixed interest rate of 3.75% on a mortgage as well as down payment assistance of up

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For the Month of February 2012, home sales in all South Carolina major markets were up.  Greater Greenville and Spartanburg areas were up 7.7% and 10.4% respectively compared to the same period last year (February 2011).  Pending sales are up 16.9% and inventory levels shrank 15.7%.  This trend should favor the seller a bit more as home prices rise (with increased demand) and inventory (supply) shrinks.  This is what we have been talking about in our earlier post on the Delco Realty Group Facebook FAN Page re: the "Days on Market" trending downward. 

February 2012 Home Sales in South Carolina

Market # of Homes Sold % Change from Feb 2011
Charleston Trident 604 +2%
Greater Columbia 448
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