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First Time Home Buyers in Mount Pleasant and in the Charleston SC Area who have not purchased a home yet, maybe the biggest winners as Home Prices Continue to Drop. But Time is starting to run out to purchase a home and be able to claim the eligibility for the $8,000 First Time Home Buyer Tax Credit. The last day for eligibility may be November 30, 2009, but many homes that are potentially great deals are in either short sale or lender owned situation. Either situation requires bank approval and ratification of a purchase agreement in order to buy the home. The time it may take for the process varies, but it can potentially take months or just few weeks for approval. Lender owned or bank owned properties on average take less time than short sales. So buyer beware, if you looking to buy a short sale or bank owned property, the recommendation is to put the home under contract as soon as possible so there is plenty of time for the bank to process the loan.
Housing Price Winners and Losers In S.C.
Written by Andy Burns Sunday, 07 June 2009 01:28 - We'll call this segment 'Winners and Losers.' Considering we're talking about the housing market, the fact that there are any winners at all means things may be getting better, or at least less bad.
Real estate website Eppraisal.com surveyed and ranked 184 cities based upon the change in home prices from the end of last year to the start of this year.
South Carolina winners included Florence, which came in 7th best in the nation with prices soaring 12.2 percent. Sumter also made the top 20 at number 16, with home prices rising 6.1 percent. Spartanburg saw a small increase of 0.2 percent, ranking it 58th.
As for the losers, the Charleston area saw prices drop 1.6 percent, with Anderson dropping 1.7 percent. Greenville took the worst hit, ranking 118th with a 5 percent drop in prices. Columbia was not part of this random survey, which tracked home price changes over the last six months.
To read the rest of this article, http://www.wolo.com/index.php?option=com_content&view=article&id=4522:housing-price-winners-and-losers-in-sc&catid=43:local-news&Itemid=50
Charleston, Mount Pleasant, & Hanahan Real Estate For Sale
Matt Naumann – Charleston & Mount Pleasant, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Mount Pleasant, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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