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Goose Creek, SC Real Estate News

By Drew Sineath
(Drew Sineath & Associates)
Lennar Homes' New Community in Goose Creek SC December 18th, 2009 National builder, Lennar Homes has a new community in Goose Creek, SC . This community offers 4 new home plans, ranging from over 1,200 sqare feet up to 1,818 square feet. Located near Moutague Plantation Road, St. Charles Place is a beautiful new home community  with ponds and green space. Lennar is also offering a huge deal on this community that ends this weekend. We are talking 100% financing and closing costs paid. Contact Drew Sineath & Associates for more details. CamilliaFrom $119,9901,283 Square Feet3 Bedrooms2 Bathrooms IndigoFrom $129,9901,480 Square Feet3 Bedrooms2 Bathrooms ConwayFrom $138,9901,752 Square Feet4 Bedrooms2.5 Bathrooms SullivanFrom $142,9901,818 Square Feet4 Bedrooms2.5 Bathrooms Goose Creek, SC...
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By Matthew Naumann, Goose Creek, SC Real Estate Agent
(Exit Realty Charleston Group)
Goose Creek, SC 29445 Real Estate Market Statistics for November 2009 Goose Creek, SC 29445 Real Estate Market Statistics - November 2009 New Listings Total 63 Average List Price $164,615 Median List Price $159,900 Sold Listings Days on Market (DOM) 60 Total 60 Average List Price $161,748 Average Sold Price $158,205 Median Sold Price $154,750 % Selling Price/Listing Price 98% Current Active Listings as of Dec. 10, 2009 Days on Market (DOM) 141 Total 318  Summary: There has been substantial drop in homes listed in the Goose Creek SC , from 396 to 318.  The good news is the homes that were sold, sold an average of 98% of their listed price and sold in 60 days.  Note:  A well priced home will sell faster and closer to the listing price. Buying Tip: Take advantage of low mortgage interest r...
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By Cindy Norton, ABR, CSP
(Carolina One Real Estate)
I finished up a listing appointment this week and realized that some agents are not turning with the tide. As the market changes we MUST as professionals turn with it in order to service our clients. During my listing appointment I was told that another agent said not to put their home on the market until the spring. Wait until the spring? I thought. NO WAY!  I know in the past we would tell potential clients that it is ok to wait until the spring. I mean who wants to be bothered with showings during the holidays. In the past it was not unusual for clients to even pull their homes off of the market,and put them back on in January. However, NOT THIS YEAR! With the $8,000 Tax Credit to first time homebuyers, and the $6,500 Tax Credit to second time purchasers there are more buyers this ti...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
Understanding the Title Search Among the many areas of due diligence in buying a home, a title search, or sometimes called a title examination, is one of the most important.  The title is a document that gives evidence of an individual's ownership of property.  The title search is usually performed by an attorney (usually the closing attorney) in an effort to ensure that the title on a particular house is free of encumbrances.  An encumbrance is any lien, liability, or charge against a property.  The attorney performing the title search will be looking for many things including: Mortgages - looks for 2nd and 3rd mortgages that may affect the closing. Life Estates Right of Ways Judgment liens Special assessment liens Current leases Deed restrictions Easements Tax liens Mechanic liens. It...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
Buying real estate is a a great long term investment.  After all, as Mark Twain once put it, "Buy land, they're not making any more."  When getting involved in real estate it is important to make the distinction between the two major types of property and the rights involved in each.  The two types of property are Real Property and Personal Property.  What is Real Estate?  Generally speaking, real estate is defined as any interest in land.  Note that interest in this case is defined as one's rights, powers, privileges, and/or immunities in real estate.  Land is best described as the surface of the earth extending downward to the center of the earth and upward to infinity, including things put there by nature such as trees and water.  This is mostly associated with real property. What is...
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It's Official $8,000 Homebuyers Tax Credit Extended.  Home Buyers in Goose Creek and in the Charleston SC area look to take advantage of Buyer's Market. The Real Estate Market in Goose Creek and in the Charleston SC Area is definitely a Buyer's Market, a majority of the cities surrounding Charleston, SC (i.e. North Charleston, Goose Creek, Summerville, Ladson, Mount Pleasant, and etc.) see the number of new listings exceeding the number listings every month (i.e. the supply of homes increasing).  With supply of homes for sale increasing in going to the traditionally slow part of the year for real estate, it makes a great time to buy. $8,000 homebuyers tax credit extended President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and s...
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Extending the First Time Home Buyers Tax Credit will benefit Home Buyers and Home Sellers in Goose Creek and in the Charleston SC Area The extension of the First Time Home Buyer Tax Credit, will give first time home buyers time to repair credit or the time to purchase a short sale in the Goose Creek and in the Charleston, SC area.  The benefit for home sellers, will be the potential draw of home buyers looking to buy a second home or are looking to up size or down size from their current home. The extension of the First Time Home Buyer Tax Credit overall, should help reduce the inventory of homes on the market. Obama To Sign Bill Friday Extending Homebuyers Credit AP, Thursday, 5 Nov 2009, 3:06 PM ET - The White House says President Barack Obama on Friday morning will sign a bill that e...
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By Matthew Naumann, Goose Creek, SC Real Estate Agent
(Exit Realty Charleston Group)
    11/2/09 - Hanahan, SC 29410 Real Estate Market Statistics for October 2009 11/2/09 - Goose Creek, SC 29445 Real Estate Market Statistics for October 2009 10/29/09 - Boeing Goose Creek, SC 29445 Real Estate Market Statistics - October 2009 New Listings Total 83 Average List Price $172,959 Median List Price $154,900 Sold Listings Days on Market (DOM) 65 Total 53 Average List Price $156,032 Average Sold Price $151,481 Median Sold Price $149,990 % Selling Price/Listing Price 97% Current Active Listings as of Nov. 2, 2009 Days on Market (DOM) 147 Total 396  Summary: The average sales price in Goose Creek SC is approximately $21,500 less than the average listing price vs $15,000 last month, which has resulted in homes being sold in 65 vs 147 days (i.e. 2 months faster than the average) on...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
Most people who are not involved in real estate day in and day out often get confused with the industry terminology that Realtors routinely use.  It can be a confusing barrage of lingo that frustrates buyers and sellers.  One of these terms is Earnest Money. What is Earnest Money?  - Earnest money in real estate is "good faith money," or as I like to call it serious money.  This is the money that a buyer usually puts up to show the seller that he/she is serious about buying a house.  This is often necessary in the mind of the seller because buying a house usually takes about 30 days (depending on the situation) from the time the buyer and seller ratify a contract until the time of the closing.  The earnest money from the buyer is put is an escrow account and held by one of the involved ...
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By Matthew Naumann, Goose Creek, SC Real Estate Agent
(Exit Realty Charleston Group)
Goose Creek, SC 29445 Real Estate Market Statistics for September 2009 Goose Creek, SC 29445 Real Estate Market Statistics - September 2009 New Listings Total 98 Average List Price $169,207 Median List Price $157,000 Sold Listings Days on Market (DOM) 83 Total 49 Average List Price $155,922 Average Sold Price $153,907 Median Sold Price $140,000 % Selling Price/Listing Price 98% Current Active Listings as of Oct. 9, 2009 Days on Market (DOM) 140 Total 417  Summary: The average sales price in Goose Creek SC is approximately $15,000 less than the average listing price, which has resulted in homes being sold in 83 vs 140 days (i.e. 2 months faster than the average) on the market.  If you are selling and a low offer is submitted, I recommend to work with all offers to see if you can make the...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
Goose Creek South Carolina, a suburb of Charleston SC, has a real estate market that continues to sell amidst the market decline.  The number of homes sold are not what they were a year ago but Goose Creek real estate remains steady nonetheless.  In September of 2009 50 homes sold in Goose Creek.  There are currently just over 400 homes on the market in Goose Creek. The following is a graph of the top selling neighborhoods in Goose Creek in September.  Note that what is mostly selling in Brickhope Plantation and Brickhope Greens is new construction.     In the overall market of the Charleston SC Metro, Goose Creek ranked number five on the list of cities with the most homes sold in September as demonstrated in the graph below.     Recent Blogs Tanner Plantation Real Estate in Charleston...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
ENERGY STAR is a joint program of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy that promotes energy-efficient products and practices.  On October 3, 2008, President Bush signed into law the "Emergency Economic Stabilization Act of 2008."  The bill extended tax credits for energy efficient home improvements to include windows, doors, roofs, insulation, HVAC, and non-solar water heaters).  The residential tax credit is available for the aforementioned improvements made and placed in service in 2009 & 2010.   According to the government website, tax credits are available at 30% of the cost up to $1500 for existing homes only (new construction does not qualify).  The website goes on to explain the rules: Tax credits are now available for home improvements...
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Affordable Home Prices in the Goose Creek and in the Charleston SC area make it a Great Opportunity for Move-Up Buyers to Buy a Larger Home. The existing home inventory for larger homes in the Goose Creek and in the Charleston SC area has definitely pushed home prices down to levels, where it is affordable for move up home buyers to buy. With the larger inventories of homes in the move up home buyer price ranges, there are a lot less home buyers looking to buy. From the home buyer perspective, this could be tremendous opportunity to get a great deal on a home. Unfortunately for the home seller, it may be necessary to sell their home at price lower than bought a few years ago. Housing more affordable for ‘move-up' buyer Study shows national prices are down 30 percent from peak levels   u...
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By Matthew Naumann, Goose Creek, SC Real Estate Agent
(Exit Realty Charleston Group)
Home Buyers in Goose Creek and in the Charleston SC area need to buy while mortgage rates are still low. This may be the best time to buy a home in Goose Creek and in the Charleston SC area. With home prices low, lots of homes on the market, and mortgage rates near historical lows it makes an incredible opportunity for buyers to buy the home of your dreams.  The current market conditions truly gives buyers the best possible scenario to buy a home.  These conditions gives buyers the opportunity to get the most home for their money.  If they are First Time Home Buyers, the $8000 Tax credit is another great incentive.   Rates on 30-year loans remain at 5.04 percent Rates still attractive for people looking to buy a home or refinance updated 1 hour, 3 minutes ago Rates for 30-year home loan...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
"It takes a hundred men to make an encampment, but one woman to make a home."  - Robert G. Ingersoll   "Almost any man worthy of his salt would fight to defend his home, but no one ever heard of a man going to war for his boarding house." - Mark Twain   "Home, in one form or another, is the great object of life." - Josiah Gilbert Holland
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By Stephanie Davis, Broker Associate and REALTOR®
(The Boulevard Company)
Lately the news media has indicated we may be at or near the bottom of the housing market crisis nationally. Since all real estate is local, why don't we take a look at what's happening in Crowfield Plantation, Goose Creek, SC, as we head into the fall of 2009. OVERVIEW Most agree that the height of the market was at the end of 2005 (I bought my first house in December 0f 2005, how's that for timing?). We saw a leveling off in 2006, and 2007 marked the beginning of what we now know as a spike in inventory and drop off in prices. THE FACTS In the summer of 2005 in Crowfield Plantation there were 107 homes sold. The median price of a single family residence was $229,000, and homes were on the market an average of 30 days. Jim Reese, our company manager, says back then if you put a sign in...
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By Michael Johnson, Metro Charleston SC
(Carolina One Real Estate)
Goose Creek Real Estate and Homes Sold Statistics August of 2009 saw a major drop in the number of homes sold in Goose Creek from that of the previous 5 months.  In fact the numbers resembled that of early 2009.  What does this mean?  It means everyone that was jumping the gun and thinking that we may be seeing a shift in the market need not overreact.  Although August is traditionally a slower month because of kids going back to school, everyone needs to understand that we are still in a recession, and that home sales and prices will not rebound over night and may take upwards of 5 to ten years to get back to where we were in 05 and 06.  If you are going to sell you home, it must be competitive in both pricing and condition.  If you need assistance, give me a call or send me an email. ...
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By Liz Loadholt, Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC
(Liz Loadholt- AgentOwned Realty- Covering SC)
A real estate brokerage in Goose Creek and in Summerville,SC each is the AgentOwned Realty Office managed by Ralph Wetherell.  Ralph has been licensed in the real estate business for approx. 23 years ---since he grew up in a real estate family, real estate is just "built in" ---just second nature.                          Ralph has been with Boyd & Liz Loadholt since before AgentOwned Realty days -- back when Boyd & Liz had the Coldwell Banker franchise in the Charleston SC market. Ralph started his licensed real estate career in the then Coldwell Banker Loadholt real estate brokerage with Liz Loadholt has his broker-in-charge.  He was a really quick starter because 1) he is very smart 2) he is very like-able 3) he grew up around real estate. Ralph's father owned a Century 21 real esta...
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By Matthew Naumann, Goose Creek, SC Real Estate Agent
(Exit Realty Charleston Group)
The Top 3 Reasons Why Your Home is Not Selling in the Goose Creek and Charleston SC Area Price - Many homes, unfortunately when they are first listed are listed over price.  This could be do to the home seller refusing listen to their Real Estate Agent or the Agent pricing the home based what is for sale vs what price comparable homes have sold for.   For the following counties here what the overall Percent of Original List Price Received at Sale through July 2009: Berkeley County: Single-Family Detached - 92.9% & Townhouse-Condo Attached - 91.3% Charleston County: Single-Family Detached - 88.2% & Townhouse-Condo Attached - 88.0% Dorchester County: Single-Family Detached - 93.1% & Townhouse-Condo Attached - 90.7% Property Condition - Is extremely important, especially if you are trying ...
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By Matthew Naumann, Goose Creek, SC Real Estate Agent
(Exit Realty Charleston Group)
Goose Creek and Charleston SC Area Home Buyer's running out of time to claim $8,000 First Time Home Buyer's Tax Credit Time is running out for First Time Home Buyers in Goose Creek and the Charleston SC area to find a home and get it under contract, so there is plenty of time to close by Nov. 30th in order to be eligiblie for the $8000 First Time Home Buyer Tax Credit.  With low home prices and low mortage rates, and plenty of homes in most areas and price ranges there is no better time than now to buy. Thinking of buying a new home? Don't put it off any longer. Jen Wielgus, phillyBurbs.com, August 26, 2009 - Procrastinators, it's time to wake up. Those great deals and financial incentives you've been hearing about in the housing market are not going to be around forever. According to U...
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