Charleston SC Real Estate: August 2011 Dorchester County Housing Market Statistics

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate:  August 2011 Dorchester County Housing Market Statistics

Charleston SC Real Estate:  July 2011 Dorchester County Housing Market Statistics

Here are the housing market statistics for Dorchester County.  Additionally the housing market statistics are broken down further into the following local areas:  Dorchester Road, Greater Summerville, and Saint George – Rural Dorchester County.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Real Estate Blog: September 2011 National Housing Trends

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  September 2011 National Housing Trends

September 2011 National Housing Trends

Housing Trends Update is published monthly and is available only to real estate agents who are part of the Campbell/Inside Mortgage Finance monthly survey panel.  You can read the September 2011 Nation Housing Trends report here.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Real Estate Blog: August 2011 Berkeley County Housing Market Statistics

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  August 2011 Berkeley County Housing Market Statistics

August 2011 Berkeley County Housing Market Statistics

Here are the housing market statistics for Berkeley County.  Additionally the housing market statistics are broken further down into the following local areas: Daniel Island, Goose Creek and Moncks Corner, Hanahan, and Rural Berkeley County.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Real Estate: August 2011 Charleston County Housing Market Statistics

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic,golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of yourCharleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate:  August 2011 Charleston County Housing Market Statistics

Charleston SC Real Estate:  June 2011 Charleston County Housing Market Statistics

Here are the housing market statistics for Charleston County.  Additionally the housing market statistics are broken further down into the following local areas: Downtown Charleston, Charleston above the Crosstown, West Ashley, Mount Pleasant South the Isle of Palms Connector, Mount Pleasant North of the Isle of Palms Connector, Wando – Cainhoy, Sullivan’s Island, Isle of Palms, James Island, Folly Beach, Johns Island, Kiawah – Seabrook, Hollywood – Ravenel, Edisto Island, and North Charleston.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Real Estate Blog: September 2011 Housing Trends Newsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends SEPTEMBER – 2011 Newsletter http://carolinajoe.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

http://carolinajoe.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Carolina Joe Idleman
AgentOwned Realty Charleston Group
902 Savannah Highway Charleston SC 29407 843-557-9203 joe@carolinajoe.com
 

Charleston SC Real Estate Blog: August 2011 Monthly Housing Indicators

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  August 2011 Monthly Housing Indicators

Despite some choppy waters in August, there have been noteworthy shifts on both sides of the closing table. Buyer activity is moving back in line with historical trends while sellers are making fewer concessions in order to sell their homes. Falling supply and improving absorption rates in many regions also suggest that market balance is realigning towards neutral. Locally, a few indicators posted positive movement over August 2010, but do the rest of the numbers provide reason for optimism?  New Listings in the Charleston region decreased 24.2 percent to 1,262. Pending Sales were up 29.9 percent to 955. Inventory levels shrank 18.4 percent to 8,001 units, dampening any potential oversupply issues down the road. Prices dipped lower. The Median Sales Price decreased 6.1 percent to $185,461. Days on Market increased 5.9 percent to 112 days. Absorption rates improved as Months Supply of Inventory was down 17.6 percent to 10.4 months.  The economy bobbed along just this side of positive in August. Consumer confidence, which often affects housing demand, showed some slack even as personal income and spending both increased modestly. Low interest rates, declining supply and stabilizing prices are beacons of hope in the harbor, but the recovery still needs wind in its sails.

See August 2011 Monthly Indicators for additional information.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Carolina Joe Just Listed 1007 Ironwood Court Moncks Corner Vacant Lot $52,500

Carolina Joe Just Listed 1007 Ironwood Court Moncks Corner Vacant Lot $52,500

Carolina Joe Just Listed 1007 Ironwood Court Moncks Corner Vacant Lot $52,500

UP TO 75% OFF – DEAL OF A LIFETIME- ON THIS 3.65 ACRE LOT IN WASSAMASSAW PLANTATION, A GATED COMMUNITY IN A STUNNING NATURE PRESERVE ENVIRONMENT OF UNSPOILED BEAUTY FEATURING A FULLY BUILT AMENITY CENTER WITH LARGE TOP OF THE LINE SWIMMING POOL, PICNIC AREA, PARK AND PIER. THIS INCREDIBLY TRANQUIL SETTING HAS NATURAL WALKING TRAILS AND YOU CAN CANOE ON THE PONDS LOTS IN WASSAMASSAW WERE $117,000 TO OVER $300,000. SENSIBLE HOA REQUIREMENTS ALLOW FOR 2,200 SQUARE FEET MINIMUM SIZE AND NO REQUIRED START TIME TO BUILD. BERKELEY COUNTY JUST APPROVED THE WATER CONNECTION AND IS WORKING WITH THE PROJECT ENGINEER FOR FINAL TAP IN PROTOCOLS. LOTS REQUIRE THE USE OF ENGINEERED SEPTIC. ALL SURVEYS AND SEPTIC APPROVALS AND SITE PLANS CONVEY. 1007 IRONWOOD Court IN WASSAMASSAWA PLANTATION IS ONLY MINUTES TO DOWNTOWN SUMMERVILLE. WASSAMASSAW IS IN OUTSTANDING CANE BAY SCHOOL DISTRICT AND 3 MILES TO NEW PUBLIX AND CANE BAY SCHOOLS. LOT IS PRICED TO SELL RAPIDLY. PREFERRED BANK FINANCING AND LONG TERM LOW INTEREST LOT LOANS AVAILABLE AT HIGHLY FAVORABLE TERMS, WITH AS LITTLE AS 10% DOWN IN MOST CASES (IF QUALIFIED).  THIS IS ALSO A PERFECT OPPORTUNITY FOR LOCAL BUILDERS TO HAVE A HIGHLY FAVORABLE PRICE POINT ON AN ESTATE LOT SELLING FOR A FRACTION OF THE PRICE.  Buyer required to pay $600 road reserve at purchase.

Click here for additional 1007 Ironwood Court, Moncks Corner property details.

View Moncks Corner and Summerville real estate here.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com</p>

Charleston SC Real Estate Blog: August Housing Supply Outlook

Charleston SC Real Estate Blog:  August Housing Supply Outlook

In times of economic uncertainty, a home is one of the best long-term investments you can make. For the 12-month period spanning September 2010 through August 2011, Pending Sales in the Charleston region were up 2.3 percent from the same period a year prior. However, the largest gain occurred in the $350,001 and above range, where they increased 3.1 percent to 1,808 units.
 
The overall Median Sales Price was down 0.9 percent to $181,529. But the property type with the largest price gain was the Single-Family segment, where prices increased 2.5 percent to $194,700. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 96 days; the price range that tended to sell the slowest was the $300,001 and Above range at 152 days.
 
Market-wide, inventory levels were down 18.4 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 14.7 percent. That amounts to 10.1 months supply for SingleFamily homes and 12.2 months supply for Condos.
 
Click here to download the August 2011 Housing Supply Outlook report.

Charleston SC Real Estate Blog: The East Oak Forest Neighborhood in West Ashley, Downtown Charleston

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  The East Oak Forest Neighborhood in West Ashley, Downtown Charleston

Charleston SC Real Estate Blog:  The East Oak Forest Neighborhood in West Ashley, Downtown Charleston

The East Oak neighborhood is located in the heart of West Ashley, and is located along the western side of Magnolia Road.  The East Oak Forest neighborhood is bounded on the north by Symmes Drive, on the east by Magnolia Road., to the south by Shelley Road, and to the west by Shelley Road and Browning Drive.  The East Oak Forest neighborhood can be accessed from Magnolia Road.  The East Oak Forest neighborhood has approximately 183 homes.  Most of the homes are masonry or brick construction and situated on nice size lots with mature Live Oak trees. 
 
Home construction in the East Oak Forest neighborhood occurred from the late 1950’s through the 1960’s.  There are approximately 183 homes in the East Oak neighborhood today.  The home values range from $100,000 to nearly $175,000 and their size ranges from 1,000 to 2,000 square feet.  During the past six months 3 homes have came on the market ranging form $110,000 to $165,000 and 3 homes have sold, or are under contract during the same period ranging from $95,000 to $176,000.

You can view East Oak Forest neighborhood homes currently on the market, or view a map of West Ashley neighborhoods here.

East Oak Forest is a nice neighborhood that is centrally located in downtown Charleston.  East Oak Forest is a quiet neighborhood, yet it is just a few minutes away from the heart of Downtown Charleston, West Ashley Shopping, Wappoo Cut public boat ramp, local beaches, and much more.  The West Ashley Greenway, which is a great place to bike, walk, or jog borders the northern edge of East Oak forest neighborhood.

Your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Charleston SC Real Estate Blog: The Maryville Neighborhood in West Ashley, Downtown Charleston

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of yourCharleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  The Maryville Neighborhood in West Ashley, Downtown Charleston

Charleston SC Real Estate Blog:  The Maryville Neighborhood in West Ashley, Downtown Charleston

The Maryville neighborhood is located in the heart of West Ashley, and is dissected by both Magnolia Road and Saint Andrews Boulevard.  Maryville is one of the oldest African American communities in the City of Charleston.  Maryville is a neighborhood in transition with many recent newly constructed homes scattered within the neighborhood.  The Maryville neighborhood is bounded on the north by 5th Avenue Maryville (north of Saint Andrews Boulevard), on the east by St. Andrews Blvd., the south by Symes Drive Ext., and to the west by Diana Street.  The Maryville neighborhood can be accessed by Magnolia Road, Sycamore Avenue and Saint Andrews Boulevard.  The Maryville neighborhood has approximately 415 homes.  Most of the homes are wood construction and situated on small lots with mature Live Oak trees. 
 
Home construction in the Maryville neighborhood occurred mostly from the 1940’s through the 1950’s with another burst of new construction from 2004 to 2010..  There are approximately 415 homes in the Maryville neighborhood today.  The home values range from $50,000 to nearly $200,000 and their size ranges from 700 to 1,200 square feet.  During the past six months 1 home has come on the market for $119,900and 7 home have sold during the same period rangeing from $26,000 to $119,900.

You can view Maryville neighborhood homes currently on the market, or view a map of West Ashley neighborhoods here.

Maryville is a quiet neighborhood that is centrally located in downtown Charleston.  Maryville is a quiet neighborhood, yet it is just a few minutes away from the heart of Downtown Charleston, West Ashley Shopping, Wappoo Cut public boat ramp, local beaches, and much more.  The West Ashley Greenway, which is a great place to bike, walk, or jog, runs through the neighborhood.

Your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Charleston SC Real Estate Blog: Residential Real Estate Sales Peak in August

Charleston SC Real Estate Blog:  Residential Real Estate Sales Peak in August

CHARLESTON, SC—(September 12, 2011) According to preliminary figures released today by the Charleston Trident Association of REALTORS® (CTAR), 904 homes sold at a median price of $185,000 in August. 

This marks the most active month of sales and second highest median price recorded so far this year, reflecting an encouraging end to the summer buying season.  In August 2010, 681 homes sold at a median price of $199,055.  33% more sales closed than in August of 2010, while the median sale price was 7% lower.

“Every month, we take another small step in the right direction—our market remains fragile, but sales volume has increased steadily throughout the year.  When we look at year-to-date figures, sales volume is outpacing last year by 3%.  The region-wide median sale price is 4% lower, year-to-date” said 2011 CTAR President Rob Woodul.

While consistent increases in sales volume is an encouraging sign of buyer interest in the local market and an important component of market stability, foreclosures and short sales will continue to have an impact on pricing until they clear from local inventory.  “The addition of jobs and increased consumer confidence remain the driving forces behind the housing market recovery” said Woodul.

However, Woodul points out, locality is key.  “We have such a diverse market in the Charleston region; areas are making pricing corrections at different paces.  For example, in Dorchester County, the increase in sales volume has been coupled with pricing stability, or even slight increases, since May” he said.  Last summer, while Berkeley and Charleston Counties were still showing pricing gains of 8-10%, prices in Dorchester County were declining.  Conversely, prices in both Berkeley and Charleston Counties have been making corrections this summer.

There were 8,001 homes listed as actively for sale with the Charleston Trident Multiple Listing Service as of August 31, 2011.  This reflects a 10% decrease in inventory over the last 12 months.

July Adjustment
Preliminary numbers reported for July 2011 indicated 829 homes sold at a median price of $180,000. Adjusted numbers now show 838 sales at a median price of $179,250.

BERKELEY COUNTY
226 homes sold at a median price of $158,950 in Berkeley County during August. Sales volume has increased by 52% and median price has decreased 11% compared to August of 2010 when 149 homes sold at a median price of $177,990.

The most sales activity took place between Jedburg Road, Highway 17A and College Park Road, where 61 sales closed at a median price of $157,890.  The most affordable area of the County is Saint Stephens/Bonneau, where 7 sales resulted in a median price of $117,000.  Daniel Island boasts the highest priced property in the county, where 34 sales resulted in a median price of $330,000. 

CHARLESTON COUNTY
483 homes sold at a median price of $219,900 in Charleston County in August, reflecting a 23% increase in sales volume and 13% decline in median price from last August, when 370 homes sold at a median price of $253,145.

As the county’s largest geographic area, Mount Pleasant had the highest sales volume, with 142 homes sold at a median price of $324,250; followed by West Ashley (outside I-526 to Rantowles) where 75 homes sold at a median price of $171,920.  The most affordable area of Charleston County is North Charleston (inside I-526), where 17 sales resulted in a median price of $100,000.  The most expensive homes in the county sold on Sullivan’s Island, where 6 sales resulted in a median price of $1,275,000.

DORCHESTER COUNTY
174 homes sold at a median price of $165,500 in August—31% more sales than August of last year and a very slight increase in median price.  Last August, 133 homes sold at a median price of $165,000. 

The Summerville-Ridgeville area had the highest sales volume and the highest median price, with 78 homes sold at a median price of $191,700.  The most affordable area of the county was Saint George/Harleyville, where 7 sales resulted in a median price of $120,000.
 

Charleston SC Real Estate Blog: 19 Logan Street Charleston SC 29401 3BR / 1.5BA Home For Sale

Charleston SC Real Estate Blog:  19 Logan Street Charleston SC 29401 3BR / 1.5BA Home For Sale $649,000

Charleston SC Real Estate Blog:  19 Logan Street Charleston SC 29401 3BR / 1.5BA Home For Sale $649,000

At this price you will likely be very surprised to find yourself in Charleston's exclusive South of Broad neighborhood.  19 Logan Street in Downtown Charleston is a circa 1871 Charleston Single House is situated just South of Broad Street and is a great starting point for walking to the City's finest shopping, dining, and cultural destinations. The home has a private, landscaped yard with patio and off-street parking. Other additional improvements include metal roof and lawn irrigation. Nineteen Logan exhibits the grace and grandeur expected of a Single House. The floor plan also follows form with a first floor that consists of a formal living room, formal dining room, powder room, kitchen, family room, and laundry. The second floor is home to three bright bedrooms and tile bathroom. The entire residence is flooded with natural light through the many windows. Noteworthy amenities include heart pine floors throughout- all in very good condition. Seller wishes to convey the property in AS IS condition.  19 Logan Street, downtown Charleston is less than 5 minutes from the heart of Downtown Charleston.

Click here for additional 19 Logan Street, Downtown Charleston, property details.

View Downtown Charleston and West Ashley real estate here.

You can see all South of Broad homes currently on the market or view a map of Downtown Charleston neighborhoods here.

19 Logan Street in downtown Charleston’s South of Broad Neighborhood is listed by Joyce King with Disher Hamrick & Myers.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Charleston SC Real Estate Blog: The Magnolia Neighborhood in West Ashley, Downtown Charleston

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  The Magnolia Neighborhood in West Ashley, Downtown Charleston

Charleston SC Real Estate Blog:  The Magnolia Neighborhood in West Ashley, Downtown Charleston

The Magnolia neighborhood is located in the heart of West Ashley, and is nestled between Savannah Highway and Saint Andrews Boulevard along Magnolia Road.  The Magnolia neighborhood is bounded on the north by Anita Drive, on the east by St. Andrews Blvd., the south by Sycamore Avenue, and to the west by Magnolia Road.  The Magnolia neighborhood can be accessed by Magnolia Road, Sycamore Avenue and Emily Drive.  The Magnolia neighborhood has approximately 75 homes.  Most of the homes are masonry or wood construction and situated on nice size lots with mature Live Oak trees. 
 
Home construction in the Magnolia neighborhood occurred mostly from the 1950’s through the 1970’s.  There are approximately 75 homes in the Magnolia neighborhood today.  The home values range from $75,000 to nearly $150,000 and their size ranges from 800 to 1,500 square feet.  During the past six months no homes have came on the market and 1 home has sold during the same period for $115,000.

You can view Magnolia neighborhood homes currently on the market, or view a map of West Ashley neighborhoods here.

Magnolia is a nice neighborhood that is centrally located in downtown Charleston.  Magnolia is a quiet neighborhood, yet it is just a few minutes away from the heart of Downtown Charleston, West Ashley Shopping, Wappoo Cut public boat ramp, local beaches, and much more.  The West Ashley Greenway, which is a great place to bike, walk, or jog, is just across Savannah Highway.

Your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

 

Charleston SC Real Estate Blog: 19 North Enston Avenue Charleston SC 29403 Home For Sale $150,000

Charleston SC Real Estate Blog:  19 North Enston Avenue Charleston SC 29403 Home For Sale $150,000

Charleston SC Real Estate Blog:  19 North Enston Avenue Charleston SC 29403 Home For Sale $150,000

19 North Enston Avenue is in Downtown Charleston’s North Central neighborhood.  19 North Enston Avenue has quick access to I-26 and just a few minutes from Hampton Park, MUSC and College of Charleston. 19 North Enston Street is approximately 15 minutes from the heart of Downtown Charleston.

Click here for additional 19 North Enston Avenue, North Central neighborhood, property details.

View Downtown Charleston and West Ashley Real Estate here.

See all North Central homes currently on the market or view a map of Downtown Charleston neighborhoods here.

19 North Enston Avenue is listed by Michael Fox with Carolina One Real Estate.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Charleston SC Real Estate Blog: The Ashley Forest Neighborhood in West Ashley, Downtown Charleston

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, the dining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  The Ashley Forest Neighborhood in West Ashley, Downtown Charleston

Charleston SC Real Estate Blog:  The Ashley Forest Neighborhood in West Ashley, Downtown Charleston

The Ashley Forest neighborhood is located in the heart of West Ashley, and is nestled between Savannah Highway and Saint Andrews Boulevard along Magnolia Road.  Ashley Forest neighborhood is bounded on the north by Live Oak Avenue, on the east by Tall Oak Avenue, the south by Savannah Highway, and to the west by Magnolia Road.  The Ashley Forest neighborhood can be accessed by Savannah Highway and Saint Andrews Boulevard.  The Ashley Forest neighborhood has approximately 145 homes.  Most of the homes are situated on nice size lots with mature Live Oak trees. 
 
Home construction in the Ashley Forest neighborhood occurred mostly in the 1940’s.  There are approximately 145 homes in the Ashley Forest neighborhood today.  The home values range from $175,000 to nearly $250,000 and their size ranges from 1,000 to 2,000 square feet.  During the past six months 4 homes have came on the market ranging from $199,000 –  $285,000 and 2 homes have sold during the same period for $162,500 and $232,321.

You can view Ashley Forest neighborhood homes currently on the market, or view a map of West Ashley neighborhoods here.

Ashley Forest is a very desirable neighborhood that is centrally located in downtown Charleston.  Ashley Forest is a quiet neighborhood, yet it is just a few minutes away from the heart of Downtown Charleston, West Ashley Shopping, Wappoo Cut public boat ramp, local beaches, and much more.  The West Ashley Greenway, which is a great place to bike, walk, or jog, is just across Savannah Highway.

Your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Real Estate Blog: 484 St. Andrews Blvd. Charleston SC 29407 3BR / 1BA Home For Sale

Charleston SC Real Estate Blog:  484 St. Andrews Boulevard Charleston SC 29407 3BR / 1BA Home For Sale $99,900

Charleston SC Real Estate Blog:  484 St. Andrews Boulevard Charleston SC 29407 3BR / 1BA Home For Sale $99,900

484 St. Andrews Boulevard in the Moreland neighborhood of West Ashley is a true Bungalow from the 1950's era. 484 St. Andrews Boulevard is perfect for an investor, contractor or handy-man. Close to MUSC, downtown, South Windermere. Being sold as-is. Seller will make no repairs.  484 St. Andrews Boulevard in West Ashley’s Moreland neighborhood is approximately 10 minutes from the heart of Downtown Charleston.

Click here for additional 484 St. Andrews Boulevard, West Ashley, property details.

View West Ashley and Downtown Charleston real estate here.

You can see Moreland homes currently on the market or view a map of West Ashley neighborhoods here,

484 St. Andrews Boulevard in the West Ashley neighborhood of Moreland is listed by Joye Ridgeway with AgentOwned Realty.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Charleston SC Real Estate Blog: Charleston County is 21st Best county in the US For Job Growth

The Charleston, South Carolina area is a great place to live or have a vacation home.  The weather is great, the beaches are fantastic, golf courses are abundant, there are many historical sites, the architecture is unbelievable, thedining is unbeatable, and the people are the friendliest in the country.  It is because of these reasons that I believe Charleston SC Real Estate is truly unique.  I look forward to helping you with any of your Charleston SC Real Estate needs in Charleston, Berkeley, or Dorchester counties. Today’s article is titled:

Charleston SC Real Estate Blog:  Charleston County is 21st Best county in the US For Job Growth

Charleston SC Real Estate Blog:  Charleston County is 21st Best county in the US For Job Growth

CNN recently released an article on the top 25 Counties in the United States for job growth from 2000 to 2010.  Charleston County is ranked 21st in the Country for job growth during this time. 

The report noted the exceptional growth of the aerospace industry and the Boeing 787 Facility along with the growth at the ports in Charleston and Georgetown. 

Here is the article in its entirety:

Job growth (2000-2010): 30.5%

The Dreamliner has landed in Charleston County.Boeing will assemble its 787 passenger jet at a $750,000 million plant there. Although the ribbon cutting ceremony was only in June, the facility has already brought 1,000 jobs, with the promise of 2,800 more to come. Aerospace is one of the county's fastest-growing industries with more than a dozen companies in the area.

Meanwhile, the proximity of the Medical University of South Carolina and its research facilities is a major draw for Charleston County's biosciences sector. More than 30 companies have set up shop. Other target industries include tech, advanced security and auto parts makers and suppliers.

Business is also booming at one of the nation's busiest cargo ports. Container shipping at the ports of Charleston and Georgetown is up 10% in the current fiscal year, while non-container cargo has jumped 40%.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Carolina Joe Just Listed 2455 Elliott Estates Road Hollywood SC 29455 10.5 Acre Horse Farm For Sale

Carolina Joe Just Listed 2455 Elliott Estates Road Hollywood SC 29455 10.5 Acre Horse Farm For Sale $499,900

Carolina Joe Just Listed 2455 Elliott Estates Road Hollywood SC 29455 10.5 Acre Horse Farm For Sale $499,900

2455 Elliott Estates Road is the horse farm you have been looking for. This 5 bedroom, 4.5 bath home built in 2006 sits in the middle of 10.5 acres and comes with a 36' X 48' barn that has 100 amp electrical service and three 12' x 12' horse stalls and 12' x 12' feed with electricity. There is approximately 5 acres of 3-rail vinyl fencing with a pond currently being dug. The home has Bellawood Australian Cypress Hardwood Floors throughout bottom floor and in hallway on 2nd floor. The 2nd floor bedrooms have Berber carpet (looks new-no stains). All Doors in downstairs are 8ft tall. There are two programmable thermostats. Exterior walls are 2×6 construction. Double Hung Windows throughout the home. Entire house is on Reverse Osmosis water system (it is like taking a bath with bottled water). There is tons of storage located upstairs. The kitchen features a Bosch dishwasher whisper quiet only way you know it is running is by looking at the red light, Corian countertops, and upgraded Maple Cabinets finished with a rope trim. The breakfast nook shares a 3-sided fireplace, which is not plumbed, with the Great Room with a French door that opens up to large deck. The downstairs master bedroom/Bathroom features a garden tub, ceramic tile, marble countertop (Adult Height), and upgraded maple cabinets. You enter the Formal Dining Room and Formal Living Room through French Doors. Bedroom 2 (Green Room), has attached full bathroom with upgraded Cherry Cabinets. There is a bathroom downstairs with upgraded Maple cabinets and Custom Tile. Upstairs has 2 bedrooms and 1 HUGE OWNER'S SUITE WITH ATTACHED HUGE CUSTOM BATHROOM. Owner's Suite includes a walk-in closet measuring 8ft x 15ft. Walk out of bedroom via French Doors onto an 8ft x 16ft screened in porch. Attached is a custom tile bathroom with a custom walk-in shower and an OVERSIZED JACUZZI TUB WITH BUILT IN CHROMATHERAPY (colored lights that change or pick your favorite color) with an electric log fireplace along with upgraded adult height cabinets.  2455 Elliott Estates Road is approximately 30 minutes from Downtown Charleston.

Click here for additional2455 Elliott Estates Road, Hollywood, property details.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com</p>

New Appraisal Standards Effective September 1st for Fannie Mae and Freddie Mac

 

Charleston SC Real Estate Blog:  New Appraisal Standards Effective September 1st for Fannie Mae and Freddie Mac
 
It's finally happened: You've found the perfect home for your clients. Their financing is in place. But then…despite the comparables….the appraisal comes back low, threatening to ruin the whole deal.

To help make appraisals more consistent and accurate, and prevent situations like this in the future, the Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to develop the Uniform Appraisal Dataset (UAD). The UAD will (1) define what fields are required for an appraisal submission and (2) standardize both responses and definitions for certain fields.

Here are just a few of the items impacted by the new appraisal standards:

  • Days on the Market: Days on market is now defined as the total number of continuous days. If a property is taken off the market and then relisted, the appraiser will have to count all of the days it has been listed.
  • Offering Price: The original offering price and history of all price changes must be reported.
  • Property Style: Appraisers must use appropriate architectural design indicators such as "Colonial," "Farmhouse," etc. Descriptions such as 1 story, 2 stories, etc are no longer acceptable.
  • Condition of the Subject Property: An overall condition rating must be assigned from the predefined condition categories provided.
  • Quality of Construction: The appraiser must rate the quality of construction of the subject property and all comps using a list of 6 predefined quality levels.
The UAD appraisal standards are required for all appraisals conducted on or after September 1, 2011 for conventional loans sold to Fannie Mae and Freddie Mac.

To read FAQs about the UAD appraisal standards, visit https://www.efanniemae.com/sf/lqi/umdp/pdf/uadfaqs.pdf. You can also call or email me any time if you have any questions. I'm always happy to help in any way I can.

Sincerely,

Richard Peck
Walker Jackson Mortgage Corporation
richard.peck@wjmortgage.com

5137 Windswept Villa Kiawah Island SC 29455 3BR / 3BA Ocean View Condo For Sale $2,495,000

Charleston SC Real Estate Blog:  5137 Windswept Villa Kiawah Island SC 29455 3BR / 3BA Ocean View Condo For Sale $2,495,000

Charleston SC Real Estate Blog:  5137 Windswept Villa Kiawah Island SC 29455 3BR / 3BA Ocean View Condo For Sale $2,495,000

5137 Windswept Villa on Kiawah Island has one of the best ocean views in all of Kiawah. With ocean views from all bedrooms and living spaces and no other property on the island has better views. This penthouse is located on the fifth floor and has no other villa above it. There are three balconies that allow deck access from all three bedrooms and all the living areas. The lofted ceilings create an open comfort and with premier renovations and luxurious furniture, this property is unmatched. Please view the pictures to truly understand why it doesn't get any better than this. Buyer has to pay one half of one percent of the sales price to the Kiawah Island Capital Reserve.  5137 Windswept Villa on Kiawah Island is approximately 40 minutes from Downtown Charleston.

Click here for additional 5137 Windswept Villa, Kiawah Island, property details.

View Kiawah Island and Seabrook Island real estate here.

5137 Windswept Villa on Kiawah Island is listed by Steven Ellis with Akers Ellis Real Estate.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Charleston SC Real Estate Blog: 570 Whimbrel Road Kiawah Island SC 29455 4BR / 3.5BA Home For Sale

Charleston SC Real Estate Blog:  570 Whimbrel Road Kiawah Island SC 29455 4BR / 3.5BA Home For Sale $1,695,000

Charleston SC Real Estate Blog:  570 Whimbrel Road Kiawah Island SC 29455 4BR / 3.5BA Home For Sale $1,695,000

 

570 Whimbrel Road on Kiawah Island is a spectacular home overlooking peaceful lagoon and 6th fairway of Osprey Point Golf Course. Spacious rooms throughout allow your guests to enjoy both privacy and comfort in this home. The first floor living area features the oversized master suite, family room, separate office, dining room and a fabulous kitchen accompanied with an eat-in breakfast area and sitting area. The second floor living space is great for your overnight guests, offering three bedrooms with two guest baths and an office/sitting area. 570 Whimbrel Road, Kiawah Island, has multiple outdoor living spaces with two screened porches and large deck overlooking the lagoon and golf course. Recent upgrades include granite countertops, new appliances and new heating and air conditioning unit (two years old). A one-year home warranty is offered with the sale of home. Home is being sold completely furnished, with a few exclusions. Enjoy the benefits of Kiawah Island's beautiful beaches, bike trails, fishing, crabbing and of course, our world class golf and tennis. Kiawah Island is also home to The Sanctuary, a luxurious oceanfront 5-star hotel. Freshfields Village, only five minutes away, offers shopping and dining for the entire family. This wonderful home has been immaculately maintained and is move-in ready!  570 Whimbrel Road on Kiawah Island is approximately 45 minutes from Downtown Charleston.

Click here for additional 570 Whimbrel Road, Kiawah Island, property details.

View Kiawah Island and Seabrook Island real estate here.

570 Whimbrel Road, Kiawah Island, is listed by Stacie Brown with Daniel Ravenel Sotheby International.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Charleston SC Real Estate Blog: 12 Carolina Street Charleston SC 29403 6BR / 4BA Duplex $564,000

Charleston SC Real Estate Blog:  12 Carolina Street Charleston SC 29403 6BR / 4BA Duplex For Sale $564,900

Charleston SC Real Estate Blog:  12 Carolina Street Charleston SC 29403 6BR / 4BA Duplex For Sale $564,900

12 Carolina Street in the Westside neighborhood of Downtown Charleston presents the perfect opportunity to live in one unit and rent the other or if investment is your interest then this is a great rental property. Both units were updated so they are move-in ready. It was built in 1935 but you would never know except for some original moldings and the wood floors. Each unit has 3 bedrooms and 2 baths with a living/dining combo which offers the open floor plan most preferred by buyers. The high ceilings add to the overall feeling of spaciousness. There is approximately 2746 square feet of total living space and the lot is large enough for multi-car parking in the rear. With this location you will never have trouble renting a unit. 12 Carolina Street in Downtown Charleston’s Westside neighborhood is just a half a block off of King St. and an easy walk to most of upper King's hip new restaurants and entertainment venues. For students it's a 5 to 10 minute bike ride to College of Charleston or MUSC.  12 Carolina Street in the Westside neighborhood of Downtown Charleston is approximately 10 minutes from the heart of Downtown Charleston.

Click here for additional 12 Carolina Street, Downtown Charleston, property details.

ViewDowntown Charleston and West Ashley Real Estate here.

You can see all Westside homes currently on the market, or view a map of Downtown Charleston neighborhoods here.

12 Carolina Street in Downtown Charleston’s Westside neighborhood is listed by Ann Essig-Marconi with Coastalina Realty of Charleston.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

245 Glen Abbey Kiawah Island SC 29455 4BR / 3.5BA Home For Sale $1,550,000

Charleston SC Real Estate Blog:  245 Glen Abbey Kiawah Island SC 29455 4BR / 3.5BA Home For Sale $1,550,000

Charleston SC Real Estate Blog:  245 Glen Abbey Kiawah Island SC 29455 4BR / 3.5BA Home For Sale $1,550,000

245 Glen Abbey, on Kiawah Island, is a custom 4 bedroom, 3.5 bath home, with one floor living, was constructed by a builder for his parents, using the finest materials. The location and site is simply the best: a large wooded golf course lot, directly across from a beach access path! Further, the adjacent lot will never be built on, adding to your privacy. After years of enjoyment, when the builder took ownership of the house, he decided to renovate it down to the studs. From the beginning, a well reputed design team was involved every step of the way in the selection of "today's" materials and layout of kitchen and baths. Structurally it was more than sound with the extensive use of wolmanized wood, plywood and cypress siding instead of OSB. The result: a fabulous home, cozy enough for two that can handle the entertainment of dozens. The foyer is grand and inviting with a stained glass skylight and old heart pine floors. The kitchen to the left is grand with custom cabinets, granite countertops, huge island & state of the art appliances. It is large enough for a table for eight or perhaps a keeping/sitting area where folks can keep you company as you prepare their meal. In addition to the spacious dining and sun room leading to the deck, there is a wonderful family room with fireplace and a wall of French doors that look out to the golf course. To the right of the foyer is the master bedroom, complete with a glorious bath with huge walk-in shower & twin vanities. the master closet is almost the size of a small bedroom! To arrive at the master, you pass through a separate sitting room/office with another fireplace! 245 Glen Abbey, Kiawah Island, is unique, charming and very private. The additional bedrooms are well sized, have plenty of light and most have their own baths. Last but not least, above the attached two car garage is another bedroom, office game room or exercise room. The owner has recently completed plans for an optional full bath to be added if you choose. 245 Glen Abbey on Kiawah Island is inviting, solid, and very close to the beach.  245 Glen Abbey , Kiawah Island,  is approximately 45 minutes from Downtown Charleston.

Click here for additional 245 Glen Abbey, Kiawah Island, property details.

View Kiawah Island and Seabrook Island real estate here.

245 Glen Abbey, Kiawah Island, is listed by Lucie Jones with Dunes Properties.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com

Carolina Joe Just Listed 2017 Groveland Drive North Charleston 29405 Vacant Lot For $10,000

Charleston SC Real Estate Blog:  Carolina Joe Just Listed 2017 Groveland Drive North Charleston 29405 Vacant Lot For $10,000

Carolina Joe Just Listed 2017 Groveland Drive North Charleston 29405 Vacant Lot For $10,000

2017 Groveland Drive in the North Charleston neighborhood of Union Heights is a nice, cleared building lot in the Charleston Neck area. 2017 Groveland Drive is located just minutes from I-26 and downtown Charleston.

Click here for additional 2017 Groveland Drive, North Charleston, property details.

View North Charleston and Downtown Charleston real estate here.

See Union Heights homes currently on the market here.

As always, your thoughts, questions, or comments are greatly appreciated.

Let me know if I can help with any of your Charleston SC Real Estate needs or questions.

See Charleston SC Real Estate Blog for local attractions and current Charleston events.

Look at Charleston SC Real Estate homes anywhere in the tri-county area.

View my entire inventory of VisualTours of Charleston SC Real Estate homes at http://www.visualtour.com/inventory.asp?U=182210 

Sincerely,

"Carolina Joe" Idleman
http://www.carolinajoe.com
 

Don't Make That Big Deposit or Transfer !

Don't Make That Big Deposit or Transfer
What You Need to Know If You're Buying a Home!

You've probably heard the saying, "When you fail to plan, you plan to fail." That is especially true when it comes to buying a home today. Underwriters are following strict guidelines–and that means even things like bank deposits and transfers are under scrutiny.

Here's some insight on how underwriters analyze bank statements…and what you need to know and do (or not do) during the loan process.

Today, many banks require an explanation and proof of source of funds for any large non-payroll deposits that are listed on a bank statement. What is deemed a large deposit is largely determined by the underwriter and can be as low as a few hundred dollars. The reason for the underwriter's concern is that an applicant may be borrowing money from individuals, or accepting money from an interested party to the transaction, to help with the settlement costs.

It's easy to see how this bank requirement can create a lot of frustration, especially for people who are used to moving money between their accounts, which many of us do today. The key thing to remember is that anyone applying for a mortgage should avoid transferring money between accounts or making large non-payroll deposits during the home buying or selling period. While that may feel like an inconvenience, the time and headache you'll save yourself from having to account for all your deposits will be worth it.

Let me know if you have any questions at all about this or if there's anything I can do to help you at this time!

Sincerely,

Richard Peck
Walker Jackson Mortgage
Richard.peck@wjmortgage.com