Simpsonville SC Real Estate Weekly Market conditions Report Homes Sold, Homes for Sale, House Values, Properties and Listings for Sale for May 24th-30th 2009

There were 33 Simpsonville properties sold during the week of May 24th-30th. The median price for Simpsonville homes was $189,000. Average Days on Market(DOM) was 130 days for this period. 

During this period, 5 homes in Simpsonville went under the pending or contingency contract status with a median price of $160,000.

There were 32 newly listed residential homes during this period, at a median price of $172,400. There were also 8 Simpsonville homes expired during this period.

Real Estate in Simpsonville is still very desirable as more and more people relocating to Greenville county are choosing to make Simpsonville their home. There are also several foreclosures and short sale homes available for sale for those buyers who are looking to walk in with instant equity.

Contact Me with your Simpsonville SC Real Estate Needs, and for Your Home’s Value Needs

START YOUR SIMPSONVILLE HOME SEARCH

· Victor Amadi – Your Simpsonville and Greater Greenville SC Real Estate Resource

As your Simpsonville SC and Greater Greenville residential Realtor, I am committed to staying up to date with local information, education, and technology. My intention is to be an invaluable real estate resource. So, whether you are buying or selling real estate in Simpsonville SC, Greenville SC, Greer SC, Easley SC, Mauldin SC, Fountain Inn SC, or other Upstate SC areas, I have the tools, knowledge, experience, and resources necessary to make your experience an enjoyable and successful one. Call me at 864-525-0201 so we can discuss how I can help make your next real estate transaction a success. Stats shared in this post was gathered from GGAR, it is deemed reliable but not guaranteed.

A foreclosure home can be a profitable real estate investment. However, it is important to understand the pros and cons of this type of investment venture before plunking down your hard earned cash. While you might be fortunate enough to locate a foreclosure home in perfect condition, chances are you will need to engage in physical labor before the property is fit to live in or rent to tenants.

Your quest for the perfect foreclosure home should begin by obtaining pre-qualified financing. This will provide you with extra bargaining leverage and ensure you are qualified to buy the distressed property.

When seeking a foreclosure home for investment purposes, there are four options available. One of the most popular options is to purchase distressed properties through foreclosure auctions. Although you can usually buy foreclosure homes under market value, buying from an auction can lead to many headaches.

In order to buy a foreclosure home at auction, you must be prepared to pay the asking price along with any tax or creditor liens which may be attached to the property. Many foreclosure properties are sold “as-is” and require extensive repairs and renovations. Another downside to purchasing a foreclosure home at auction is sometimes the homeowner refuses to leave their property. You will be responsible for evicting the homeowner, which can be a harrowing experience.

Less stressful ways to invest in a foreclosure home include:

• Buy directly from the Seller
• Hire a real estate firm to bid on the foreclosure on your behalf
• Work with a real estate owned (REO) or bank foreclosure specialist

If you have never purchased a foreclosure home it is best to work with a Realtor or REO specialist. Working with foreclosure home specialists will provide you greater bargaining power and may help you obtain reduced closing costs or a lower purchasing price.

Realtors and REO specialists have a wealth of knowledge at their fingertips. They can help you locate a foreclosure home more quickly than if you search for them on your own. Additionally, they can you locate distressed properties in the area where you wish to reside or invest in rental property.

Should you decide to seek out foreclosure homes without the assistance of others, you will want to thoroughly research the area. Determine the availability of public and private schools, average property values and the anticipated value growth in the area.

After completing your research, compile a list of potential foreclosure home properties. Gather the contact information of the individual selling the property, than contact them to arrange a viewing appointment.
Be certain to take along a pen and pad of paper so you can make note of potential problems. If possible, take a digital or video camera as well. Inspect the house from top to bottom and make note of any structural damage, plumbing and heating issues, pest problems, and potential renovations such as broken doors, cabinets or flooring. The more problems you can locate, the better your bargaining power.

Many novice investors make the mistake of being tempted by low-priced foreclosure homes. Realize if a foreclosure home requires extensive repairs, it can cost a fortune and quickly deplete your profit margin. Investing in a foreclosure home that has a higher price tag, but requires fewer repairs might be a better option.

Prior to making an offer on any foreclosure home, be certain to find out if there are any liens attached. Creditor and tax liens can be an enormous legal hassle that consumes a great deal of time and money to resolve.

Once you locate the perfect foreclosure home and have conducted thorough research, it’s time to negotiate with the seller or place a bid through auction. The goal is to obtain the lowest price possible. Working with a foreclosure specialist can help you waive closing costs or reduce the rate of interest on the mortgage loan.

 Simpsonville SC Residential Real Estate Weekly Market Condition, Homes Sold, Home Values, Properties, Listings, and Homes for Sale – July 5th – July 11th 2009

For the week of July 5th – July 11th 2009, there were 9 residential listings sold. High list price was $235,000, Low list price was $132,900, Median list price was $168,445, and total volume was $1,543,944. High sold price was $225,000, Low sold price was $130,000, Median sold price was $164,500, and total volume was $1,496,999. High Days on Market (DOM) was 364 days, Low DOM was 0 days, Average DOM was 147 days, and Median DOM was 90 days.

During this period, there were 15 listings that went under Pending, and Contingent Contract status. High list price for these listings was $589,000, Low list price was $59,900, Median list price was $129,900, and total volume was $2,915,545.

Also during this period, there were 44 new listings that were put on the Greater Greenville real estate market. High list price was $535,000, Low list price was $84,999, Median list price was $208,950, and total volume was $10,362,543.

Feel free to contact me at any for the activity in your Upstate South Carolina neighborhood, and for all your Upstate real estate needs.

Simpsonville SC Residential Real Estate Weekly Market Condition, Homes Sold, Home Values, Properties, Listings, and Homes for Sale – June 28th – July 4th 2009

For the week of June 28th – July 4th 2009, there were 31 residential listings sold. High list price was $389,900, Low list price was $38,500, Median list price was $159,900, and total volume was $5,541,275. High sold price was $369,000, Low sold price was $32,000, Median sold price was $163,400, and total volume was $5,350,435. High Days on Market (DOM) was 421 days, Low DOM was 2 days, Average DOM was 115 days, and Median DOM was 55 days.

During this period, there were 10 listings that went under Pending, and Contingent Contract status. High list price for these listings was $487,000, Low list price was $59,900, Median list price was $194,900, and total volume was $2,025,900.

Also during this period, there were 38 new listings that were put on the Greater Greenville real estate market. High list price was $549,900, Low list price was $89,900, Median list price was $199,950, and total volume was $9,295,161.

Simpsonville SC Residential Real Estate Weekly Market Condition, Homes Sold, Home Values, Properties, Listings, and Homes for Sale – June 21st – June 27th 2009

For the week of June 21st – June 27th 2009, there were 22 residential listings sold. High list price was $535,000, Low list price was $94,000, Median list price was $164,900, and total volume was $4,823,100. High sold price was $459,000, Low sold price was $94,000, Median sold price was $163,700, and total volume was $4,564,100. High Days on Market (DOM) was 495 days, Low DOM was 0 days, Average DOM was 86 days, and Median DOM was 62 days.

During this period, there were 14 listings that went under Pending, and Contingent Contract status. High list price for these listings was $399,900, Low list price was $44,900, Median list price was $151,950, and total volume was $2,448,910.

Also during this period, there were 38 new listings that were put on the Greater Greenville real estate market. High list price was $299,000, Low list price was $88,000, Median list price was $224,479, and total volume was $11,758,459.

Simpsonville SC Residential Real Estate Weekly Market Condition, Homes Sold, Home Values, Properties, Listings, and Homes for Sale – June 14th – June 20th 2009

For the week of June 14th – June 20th 2009, there were 25 residential listings sold. High list price was $474,900, Low list price was $91,000, Median list price was $150,000, and total volume was $4,711,888. High sold price was $457,450, Low sold price was $87,000, Median sold price was $149,900, and total volume was $4,533,348. High Days on Market (DOM) was 322 days, Low DOM was 6 days, Average DOM was 85 days, and Median DOM was 59 days.

During this period, there were 14 listings that went under Pending, and Contingent Contract status. High list price for these listings was $399,900, Low list price was $66,499, Median list price was $162,950, and total volume was $2,734,355.

Also during this period, there were 32 new listings that were put on the Greater Greenville real estate market. High list price was $724,900, Low list price was $112,000, Median list price was $248,950, and total volume was $8,934,805.

Feel free to contact me at any time for the activity in your neighborhood, and for all your Upstate South Carolina real estate needs. Stats gathered from the Greater Greenville MLS.

Victor Amadi – Your Simpsonville and Greater Greenville SC Real Estate Resource

As your Simpsonville SC and Greater Greenville residential Realtor, I am committed to staying up to date with local information, education, and technology. My intention is to be an invaluable real estate resource. So, whether you are buying or selling real estate in Simpsonville SC, Greenville SC, Greer SC, Easley SC, Mauldin SC, Fountain Inn SC, Pickens, Powdersville, Taylors, or other Upstate SC areas, I have the tools, knowledge, experience, and resources necessary to make your experience an enjoyable and successful one. I can also help you avoid foreclosure, find Foreclosures and Short sale Properties, listings and Homes for Sale. Call me at 864-525-0201 so we can discuss how I can help make your next real estate transaction a success. 

Locating high potential pre-foreclosure and foreclosure property investments is a crucial part of the business of pre-foreclosure and foreclosure investing. Especially when it comes to pre-foreclosures, a lot rests on your ability to find promising properties as soon as possible… and before any or many other property investors! Unless you hire someone to find potential investments for you (a good idea in many cases) here are the main sources of information about pre-foreclosure and foreclosure properties that you’ll want to be familiar with.

1. The Local Newspaper

Your local newspaper will typically have a “legal notice” section where you will find, among other things, notices that a certain lender has filed, or is filing, a notice of foreclosure on a particular property. This basically indicates that a property has gone into pre-foreclosure. Alternatively, newspapers also publish notices of trustee sales and foreclosure auctions that are about to occur, including the time, date and place.

2. County Recorder

The local county recorder will keep a database of notices of default. Depending on the county recorder in question, you may be able to search this database online. For example, you may be able to search by “document type” and get all the notices of default, including the relevant owner names and document numbers.

If the online database does not provide details of the loans and properties to which these notices relate, you can still note down the relevant owner names and document numbers, and take this with you to the county recorder’s office. Once there you can review the corresponding documents (i.e. notice of default or Lis Pendens, as the case may be). These will give you the loan details and the address of the properties being subject to foreclosure proceedings.

3. Foreclosure Listing Sites

There are various companies offering lists of foreclosures on their websites. In most cases, you’ll need to pay a fee in order to access such information. An up-to-date foreclosure listing site can certainly save you time in locating information about properties undergoing foreclosure. However, just be sure that the information is, in fact, up to date. There is no advantage – and in fact there is a disadvantage – to paying money for out-of-date information.

4. Property Finders

Finally, you can hire a property finder or “bird dog” to do the leg-work required to find suitable pre-foreclosure or foreclosure properties for you. Rather than you do all the research, you can hire such individuals to scour the newspaper, county recorder’s database and/or foreclosure listing sites.

Even better, though, is to hire someone who has connections in the area you are interested in investing, and who is on good terms with the real estate agents in the area. That way, such hired guns may be able to uncover – and reveal to you – new opportunities as soon as they crop up.

These are the four main sources of information about foreclosure and pre-foreclosure properties. For more details about how to uncover and profit from pre-foreclosure and foreclosure investment opportunities check out www.ForeclosuresUnleashed.net.

All across Canada we’re seeing the recreational property market continue to go through the cedarshingled roof. Industry experts predict another year in which buyers seeking a property may outnumber the recreational properties available. The boomers are in their peak income years and have benefited from an unprecedented climb in the valuations on their primary homes. And across the country, they’re scouring every lake, ocean beach and ski slope – looking for the perfect getaway.

When cottages first became the vogue around the turn of the last century, those getaways were generally charmingly rustic structures designed to give their owners a taste of a simpler way of life for the summer season. But today, recreational property markets are reporting a stunning increase in teardowns and renovations – as rustic simplicity gives way to luxury accommodations. Today’s recreational property mix covers the gamut from luxury waterfront homes, resort-style condominiums, ski chalets and timeshare properties. Many of the traditional-style cottages are still standing, of course… and they sell for top dollar

on the rare occasions that they actually come on the market.

But more and more average Canadians have cabin fever: they’re looking for a recreational property both as an investment and an enhancement to their own lifestyles. And for many, the goal is achievable: we’ve seen historically low mortgage rates over the last few years – and greater affordability for ordinary Canadians. But financing a recreational property is more challenging than funding a principal residence. Traditional lending institutions typically find second homes a much less desirable investment. Purchasers are often advised to take out an equity loan or a second mortgage on their principal residence in order to buy the recreation property.

But the lending landscape has been changing in the past few years. We are beginning to see that some lenders have developed flexible new mortgage products and policies that are specifically designed for the recreational property market. The upshot is that Canadians who are longing for that cottage or condo may now be able to bypass conventional lending criteria – opening the door to ownership much sooner than they imagined. Recreational property mortgages are available for owner-occupied second properties, including winterized and nonwinterized, with as little as 15 per cent down for purchasers with good credit. And in some cases, 10 per cent down could get you into the recreational property market if you qualify. Typically, the vacation property needs to be located in a known vacation area, have approved plumbing, and year round access.

And do your homework. In today’s heated recreational property market, some purchasers have an edge in the marketplace because they are cash buyers. To level the playing field, buyers who are financing their purchase may want to consider talking to a professional to determine approximately how much they qualify for before launching their search.

For some, recreational property is an attractive investment, with rentals providing an extra income stream. But the allure is usually more emotional: a cottage or condo often becomes a symbolic centre for family life, where families come together at all ages and stages in their lives to share common activities and traditions.

If you’re dreaming of your own beach sunset or the perfect ski slope at your door, begin with a conversation with a mortgage professional. Your own getaway could be closer than you think!