- Quail Valley Columbia SC Real Estate Neighborhood Review
- Columbia SC Real Estate Fha Times are changing
- Keep Your Patience with Columbia SC Real Estate
- South Carolina Housing Authority Helps Teachers Achieve Home Ownership
- David Patterson Relaunches Columbia SC Real Estate Website
- Columbia SC Real Estate Transparency
- Columbia, SC Real Estate- Open House 5-18-08
- "Yes, the school system matters." Columbia - Irmo - Lexington Schools
- Kevin Adams Can Teach Us How to Achieve Our Goals
- TP 8i Training is coming to Columbia, South Carolina
Quail Valley Columbia SC Real Estate Neighborhood Review
Quail Valley Columbia SC Real Estate Neighborhood Review
Columbia SC Real Estates’ own neighborhood Quail Valley will be the subject of this post.
Many people know Quail Valley. It is a well established neighborhood located between Harbison Blvd and Lake Murray Blvd running the length of Saint Andrews Road.
Currently in the Columbia SC Real Estate Market, there are 7 properties in “Active” standing within the Quail Valley Neighborhood. These properties range from $175k to $239k.
Quail Valley was mostly built in the Late 70’s through the Late 80’s, though there are some new custom builds currently going on. There are many Brick Colonials as well as many other types of houses including Charleston Houses. The average house in Quail Valley is right around 2000 square feet. Most houses have 2 car garages and are centered in very spacious lots.
This is one of my favorite neighborhoods within the Columbia SC Real Estate market. I grew up here on Woodleaf Court in one of the beautiful Charleston houses.
One of my favorite things about this neighborhood are the walking trails. Throughout the neighborhood there are concrete walking trails that go all over, even stopping at Harbison West Elementary School. Being a well established neighborhood, many of the home owners have lived there for 20 plus years.
Quail Valley has its very own Pool and Racket Club. You do not have to join, but I highly advise it. During the heat of the summer, this large pool is the home to the entire neighborhood. In addition, Quail Valley offers some of the best Tennis facilities in Columbia.
Over the past year, there have been 16 properties closed in this Large neighborhood, so very few people leave. Of those 16 properties, I have been involved in 4 of the transactions.
Quail Valley is zoned for the Lexington / Richland 5 School District, which is known as one of the best school districts within South Carolina, and definitely arguably the best school in the Columbia SC Real Estate market.
If you ever would like to know more about this neighborhood, or any other neighborhood, please contact me about Columbia SC Real Estate.
Columbia SC Real Estate Fha Times are changing
Columbia SC Real Estate FHA Times are a changing
Big changes are coming…
Currently, the FHA has a ‘one size fits all’ premium structure that charges borrowers 1.50 percent of the loan balance upfront and .50 percent annually regardless of their credit standing.
But the FHA felt this approach did not treat borrowers equitably and could put their insurance fund at risk.
That’s why under their new guidelines scheduled to begin July 14, 2008, the FHA’s upfront mortgage insurance premium will range from 1.25 percent to 2.25 percent with borrowers still needing to adhere to the FHA’s strict underwriting criteria.
By charging different premiums, the FHA will be able to operate like most other insurance companies. This will allow them to serve more people without making taxpayers pick up the tab.
And with the modifications to FHASecure, also scheduled to begin July 14, 2008, they will be able to help homeowners struggling to keep up with their high-cost subprime adjustable rate mortgages who have missed up to three monthly mortgage payments over the past 12 months.
As an alternative to foreclosure, eligible borrowers will be able to refinance with the FHA and lenders can voluntarily write down the outstanding subprime mortgage principal balances.
Borrowers refinancing into FHA loans from the subprime market will be better off, even with slightly higher mortgage insurance premiums, because FHA insurance gives them access to substantially lower interest rates, and will lower their overall mortgage costs.
How are all of these changes going to affect Mortgage Professionals and Realtors?
It’s crystal clear…
Mortgage Professionals and Realtors who understand credit and can help their clients raise their scores are going to be the ones who close more loans, sell more homes, get more referrals and make more money.
Keep Your Patience with Columbia SC Real Estate
Keep Your Patience in Columbia SC Real Estate
So I have this client. A great client I might add. Absolutely the type of client you want. They contacted me off this Columbia SC Real Estate Blog. They were Pre approved! They knew that I offered deals on properties. They knew that I could find them the perfect house and have instant equity the day they closed. They are great. I love this type of client.
Better yet, they email. When they have questions, they ask.
I found them the perfect Quail Valley Real Estate Home that they read about on my blog. They looked at it, saw its charm, and we put in an offer…then a counter offer, and another…another…another offer, a counter here, a counter there, a counter everywhere. 5 weeks later we have an accepted offer. They are moving into their first home. They will instantly have $50,000 in instant equity.
The moral of this story is…don’t give up, don’t give in. If you love the house and the money makes since, keep on. Don’t let an Idiot Real Estate Agent tell you to move on. Exhaust ever offer until you are happy with the price.
My favorite type of Columbia SC Real Estate is the type where you move in and you have instant equity. Sure, sometimes it has a few problems you must fix, but you make the return on your investment in the long run.
Are REO properties more work? Yes. They are. Dealing with banks are not my favorite thing to do. However, I love seeing my clients have a great ROI.
South Carolina Housing Authority Helps Teachers Achieve Home Ownership
According to their mission statement, the South Carolina State Housing Finance and Development Authority is committed to all South Carolinians having the opportunity to live in safe, decent, and affordable housing.
The SC Housing Authority administers programs directed at low and low-to-moderate income South Carolinians. One of their most recent initiatives is the 2008 Palmetto Hero Homeownership Program.
The 2008 PALMETTO HERO PROGRAM is open to eligible teachers who have a valid South Carolina
Teacher Certification, currently reside and teach in the state or have a contract to begin teaching within 60 days of closing on a mortgage.
This program offers competitve, 30-year fixed mortgage interest rate and, for those that qualify, FORGIVABLE down payment assistance in the amount of $7,000.
Forgivable Down Payment Assistance requires the homebuyer to live in the purchased property for five year before the loan can be considered for satisfaction. Down Payment Assistance is forgiven at a rate of 20% each year for five years. Homebuyers who choose not to remain in the purchased property for the full five years must repay the remaining balance of the assistance.
According to the SC Housing Authority, potential home buyers must contact one of their participating partners to determine if they meet the guidelines for this program.
Feel free to email me or give me a call at (803) 960-5231 for information on participating partners.
Don't Delay! According to the SC Housing Authority, these loans are on a FIRST COME - FIRST SERVE BASIS and rates are subject to change due to market conditions.
CLICK BELOW TO SEE.....
David Patterson Relaunches Columbia SC Real Estate Website
With any move, you are faced with creating and resolving a TO-DO List. Depending upon the task, the list can go from a simple list that can be written on a Post-it® Note to a season-long project with an implementation plan in Microsoft Access.
My recent move to Keller Williams Columbia SC has required me to update my four-year old website. Hence, updates were more than overdue.
I am proud to announce the relaunch of my very first website www.DavidPatterson.net
The real estate market is always changing and is local in nature. Hence, if you are interested in a realistic review of our local market, you need a Midlands real estate professional that is in tune with the happenings throughout our area. For those that are familiar with the doom and gloom of the national media, you'd be surprised about the real health of the metropolitan Columbia SC real estate market.
This site will keep you updated on the value of your Midlands home and provide the following information.........
- Homes for Sale in Columbia SC
- Nationwide Home Valuations - Home Values from Hawaii to South Carolina
- Homes for Sale in Irmo SC
- Columbia SC, Lexington SC and Irmo SC School Districts
- SC Real Estate Agency Laws - What are your Real Estate Rights?
- Homes for Sale in Lexington SC
- Patterson's Top Employers
- Testimonials
Are you interested in Homes for Sale NATIONWIDE? DavidPatterson.net provides a nationwide serarch.
Please visit www.DavidPatterson.net and make suggestion that will improve this website.
If I can ever be of professional assistance to you, please don't hesitate to email me at message@davidpatterson.net or call me at (803) 429-9010.
Columbia SC Real Estate Transparency
http://iblogcolumbia.com/2008/05/22/columbia-sc-real-estate-transparency/
Columbia SC Real Estate Transparency is all the buzz these days. In other markets, it is more than the buzz…it’s a fever of sorts. You may be asking yourself, “What is Real Estate Transparency.” Funny you should think that…as transparency is what this article is about.
I heard a great explanation in real world terms today on Real Estate Transparency. On Real Estate Radio USA, which I spoke about Columbia SC Real Estate about a month ago, Barry talked about Real Estate Transparency. He used this example:
When you call Terminex over to take care of your bug problem, they give you a guide which clearly states what they will do, what it will cost, what it covers, what they are responsible for, and their warranty. They even have pictures of the bugs they kill, what they use to kill them, how long they will be dead…etc…etc.
Well, why can’t a Columbia SC Real Estate transaction be like that? My thoughts exactly…why can’t it? Ask me any question you want that I can answer legally. The only things I can think of that I can’t answer to you is, “What is Joe Q bidding on that house over there” when Joe Q is my client. Also, If I am representing a buyer on the same property, I can’t get into my clients business with you. Other than that and Dual Agency, I can and WILL answer anything.
For example, I had a client this morning ask, “How many listings of yours have expired?” Well, I have had 2. I will be happy to give you the addresses and the owners contact information…and tell you in my opinion why they expired. Sure, I’ll tell you, and I’ll be honest.
Columbia SC Real Estate buyers: “How much commission do you make if I buy this house?” Usually the answer is 3% of the sales price. “Will you give me some of it?” Legally in SC, I can’t…sorry. And I won’t say, “I would if I could”, because I don’t know if I would.
Lets see…my favorite! A Columbia SC Real Estate Seller asks, “How long will it take to sell my house?” I am more than happy to give you my opinion according to the MLS, but I can not guarantee it. I wish I had the crystal ball of Columbia SC Real Estate, but I don’t. If you have it, I’ll take 5! But I can promise that I will do the most I can to sell it as quick as I can. I have had houses I thought would sit for a while sell the next day, I have had houses I thought would sell the next day sit for a while. But I will market your home to the best of my ability…and that is a lot.
Columbia SC Real Estate transparency is important. Ask for past sellers, past buyers. Talk to them! Most of them love me…of course there are 1 or 2 that can’t stand my guts. I will even give you their numbers (I probably fired them). That being said, I won’t work with everyone…so everyone doesn’t love me.
I will be honest and open in any transaction for any buyer or seller in Columbia SC Real Estate. Ask me a question, I’ll answer it!
Columbia, SC Real Estate- Open House 5-18-08
Greenhill Parish 418 Upland Trail Road This lovely 3300sqft 3 bedroom 2 and a half bath home located in Greenhill Parish just off of Spears Creek Church RD in Northeast Columbia is a must see. With hardwood floors, granite counter-tops, molding in the living-room, great-room, and dinning-room, this one has all the upgrades. Stop by the open-house Sunday, May 18, 2008 and see this one for yourself. $439,900
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This message brought to you by www.jlboney.com. For all your Columbia, SC real estate needs, please log onto www.jlboney.comor call JL Boney, III at 803-730-9601.
"Yes, the school system matters." Columbia - Irmo - Lexington Schools
"Yes, the school system matters." That was a quote from a reader of the Wall Street Journal blog. When shopping or selling a home, my buyers and sellers always ask me questions about the importance and quality of the school district. They also make comments similiar to these quotes that were also made on the wsj.ocm blog:
"We have young children and are self-described childhood education junkies. The school district will be our number one consideration for the location of our next home."
"Schools were the top factor in determining where to buy our last house...The cost difference between the increased taxes and mortgage payments was balanced against the cost of tuition in a private school. Getting into the top school district...was worth (the) extra in what we were willing to spend."
"We are looking to locate in a better suburban school system than the one we are in. Even though it will cause our taxes to increase greatly, we would like to live in a better district. Property values are holding up better in those areas. By the way, we don't even have children!"
Are you looking for Information on School Districts in the Midlands? Visit These Links!
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Kevin Adams Can Teach Us How to Achieve Our Goals
Forgive me in advance if I don't paint the proper picture for this story. I'm a real estate agent and mathematician. I AM NOT A WRITER!
While watching the 10pm WACH newscast on this evening, I was introduced to the story of Kevin Adams. I was really touched by his story and had to submit this entry into my blog before retiring for the night.
Kevin is a young man that was born with cerebral palsy which has him relying on a wheelchair for most of his mobility. During today's special event, the operative word in that previous sentence is MOST!
Kevin WALKED to the podium and received the Governor's Citizenship Award from Gov. Mark Sanford. The award is a wonderful event in young Kevin's life. Walking to receive it puts him one step closer to making his dreams and goals a reality.
Kevin's Dad.......Major Adams is currently stationed in Afghanistan with the 218th. Kevin set a goal for himself. He was going to walk without the use of any aids before his father returned from his tour of duty.
The 20-foot (approximately) walk from his wheelchair to the podium took years of hard work, persistence and years of physical therapy. However, today's achievement sparked this comment from his mother.
"His dreams have now become his goals, and now it's just a matter of obtaining them within a reasonable period of time" -- Geneva Adams
What is one of Kevin's next goals? When Major Adams gets back to the states, Kevin says........."I'm gonna walk up to him and give him a big hug."
Congratulations Kevin! You are an inspiration to many! Always follow your dreams!
May God continue to bless you and your family!
TP 8i Training is coming to Columbia, South Carolina
Top Producer 8i Training Class!
As Top Producer's Sales Representative covering North Carolina and South Carolina; I offer FREE training sessions on a regular basis. Get your first look at Top Producer 8i!
This class is open to all agents and assistants!!!
April 7, 2008
Columbia, South Carolina
Hampton Inn
Harbison Boulevard/101 Woodcross Drive
Columbia, SC 29212
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Topics to be covered in the class include the following:
Please call me at 704-351-4029 or email me at tim.winters@topproducer.com if you would like to sign up for this FREE class or you can register online by clicking this link: Register for a Top Producer 8i Training Session in South Carolina.
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