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Charleston Real Estate Investing Association offers free foreclosure class and home tour

07-08-09

Bobby Wallace

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Office: (843) 200-5617

Mobile: (843) 200-5617
Secondary: (843) 225-2191

Home buyers view four pre-screened homes in one morning?

In the past, buying a foreclosed home was a very

challenging process. This was because of the limited supply of foreclosures. In many

cases, it took several weeks, if not months, to find a good foreclosure. Next, you had to

win the bidding war to buy it. And finally, you had to have a bank-truck-full-of-money to

repair the home.

Well, this has all changed with the recent foreclosure crisis. Today, there is a large

supply of great foreclosure opportunities. In fact, you can find these homes very quickly,

banks are accepting lower offers because of the supply, you don't have much competition

which means no bidding war and believe it or not, the homes are in much better shape. In

fact, there are even brand new homes which have been foreclosed upon.

If you are thinking of buying a home or investing in a foreclosure, you might want to

register to attend the "How To Buy Foreclosures Without Losing Your Shirt Class." At this free class,

you'll learn:

* Why all foreclosures are NOT great deals.

* Why you should never buy a home at sheriff sale.

* How to Avoid Costly Repairs When Buying a Foreclosure

* A little known negotiating secret that will save you thousands when buying a foreclosure.

* When The Bank Gets MOTIVATED To Sell Their Foreclosed Homes, and when they

Decide to Lower The Price of Foreclosed Homes They are Selling.

At the end of the class, attendees can participate in a special foreclosure tour. You'll be

able to walk through 4 foreclosed homes to see as group.

The Charleston Real Estate Investor's Association will host the free 60 minute class

and tour and will have a real estate attorney, home inspector and mortgage specialist

available to answer questions. The class and tour is scheduled for Saturday, July 11^th, 2009

at 9 AM. Only 10 seats are available. To register for this free class, call 1-800-896-0402 or visit:

http://www.FreeForeclosureListCharleston.com

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Charleston (SC) Area Home Values - May 2009

07-08-09

Debbie Donovan Charleston Real Estate

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Office: (843) 849-7778

Mobile: (843) 327-6099

Charleston (SC) Area Home Values - May 2009

,

As a REALTOR® I constantly get asked "how's the market" and my standard response is "depends on the market". The greater Charleston area consists of many different areas representing completely different types of markets. The Charleston Trident Association of REALTORS® MLS just reported both home sales and median price were up in May compared to April. The latest statistics indicate 663 homes sold in May. This was down 19.1% from last May 2008 but showed a 28% improvement from the 518 homes sold in April. Median price was up 5.5% from April; $191,000 in May compared with $181,000 in April. Median price indicates the half-way point between homes sold - 50% sold for more that $191,000 and 50% sold for less.

To provide a more in-depth look at home values in the tri-county area, the Carter Real Estate Center at the College of Charleston has developed the College of Charleston Home Value Index^SM. This index uses a statistical model (hedonic regression) that calculates the price of a product by the product's characteristics. In this case, home values are calculated by estimating the value for specific characteristics of the homes sold. Whereas median or average home prices provide a collective value for homes with different characteristics, this method recognizes that home characteristics are different and assigns values based on those characteristics. The College of Charleston Home Value Index^SM uses 60+ property and location characteristics to generate the value of a "constant quality home" and is produced monthly for the tri-county region (Charleston, Berkeley, Dorchester) and quarterly for more specified regions (West Ashley, Mt. Pleasant, etc.).

The most recent release (refer to graph) indicates that home values are up 8.61% over the previous month. Again, this represents a "typical home" in the tri-county area. Quarterly indexes have not yet been release for the 2^nd quarter but for the first quarter of 2009 the results were as follows:

North Charleston showed a 4.47% increase over 2008:4

Mt. Pleasant showed a 5.67% increase over 2008:4

West Ashley showed a 9.57% decrease from 2008:4

Summerville showed a 3.42% decrease from 2008:4

Goose Creek/Moncks Corner showed a -10.95% decrease from 2008:4

Overall, the "typical" Charleston area home experienced about a 12% decrease in value from 2007 to 2008.

Even though North Charleston showed an increase in value from the last quarter of 2008 to first quarter of 2009, single family home sales are down 6.45% from the same time period last year. On the Isle of Palms, single family home sales are up 57.14% over the same time period last year however median price of homes sold is down 8% and the average sales price is down about the same.

Look for updated information as the College of Charleston Home Value Index^SMquarterly indices are released. In the meantime, if you need information about a specific neighborhood or corner of Charleston, don't hesitate to call (843-327-6099).

To read more about the methodology used to create the College of Charleston Home Value Index^SM, visit http://www.cofc.edu/cartercenter/

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Wordless Wednesday - The Hat man in Charleston, SC

07-08-09

Joye Hollis Ridgeway, REALTOR in Charleston, SC

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Office: (843) 769-5100

Mobile: (843) 270-8665

Meet one of Charleston's oldest citizens !! The Charleston Hat man. Can you count the hats ? It is reported that the clown-like Hat Man was first painted around 1892 to advertise the wares of the haberdashery therein. Sixteen hats of twelve styles compose the hatman. Can you find the Rebel hat, the Confederate hat, or the British sailors hat ? The hatman is located on the corner of Church and Broad streets in Charleston, SC.

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Local Charleston Real Estate Investor's Association Host Debbie Kidd, Director of Charleston Family Services

07-05-09

Bobby Wallace

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Office: (843) 200-5617

Mobile: (843) 200-5617
Secondary: (843) 225-2191

"Are you...

...afraid to answer the phone?

...afraid to open your mail or bills?

...receiving harassing calls from creditors at work or at home?

...using one credit card to pay off other credit cards?

...paying the majority of your bills late each month?

...behind on payments on your house or auto?

Take the first step toward financial freedom and contact the Consumer Credit Counseling Services division of Family Services, Inc. We offer:

Service and support like this, is why Debbie Kidd, Director of the Charleston Family Services, is considered the best friend to local Charleston, SC homeowners who are victims of the current economy, and she will be the guest speaker at the Charleston Real Estate Investors Association on Tuesday, July 7th 2009.

Kidd will also highlight her agency's Employee Assistance Program.

Guests are welcome.

R.S.V.P to charlestonreia@gmail.com or visit their website at http://www.charlestonrein.com

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Wordless Wednesday ~ Tall Ship

07-01-09

Jim & Maria Hart ~ Charleston, SC Real Estate

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Office: (843) 559-2783

Mobile: (843) 364-9846
Secondary: (843) 364-9845

Photo taken by Jim and Maria Hart, and may not be reproduced without express written permission of Jim and Maria Hart, AgentOwned Realty, Charleston, SC. Permission usually granted if credit is given with a link back. Thank you for your understanding.

*****************************************

We proudly serve and sell real estate in and around all of Charleston, SC. If you are thinking about purchasing or selling your home in Charleston, Johns Island, James Island, Folly Beach, Kiawah Island, Seabrook Island, West Ashley, Mount Pleasant, Isle of Palms, Sullivans Island, North Charleston, Hanahan, Summerville, Goose Creek or other surrounding areas, and more importantly, want to work with a local area expert, contact us at your earliest convenience.

Jim and Maria Hart logo

Jim and Maria Hart
Realtors®/ AgentOwned Realty
(843) 364-9845
hart@agentowned.com

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Charleston Real Estate Investing Association offers free foreclosure class and home tour

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