Posts

The Sumter SC real estate market has been hot in October 2019. The sales were up and so are the pending listings. 

Listing inventory is down to 556 active listings. But in the $140,000 to $159,900 priced homes there is a one month inventory of homes. Even though the holidays are here, it is still a great time to list your property for sale!

The real estate market over the past few years has remained much more consistent during the more traditional slower seasons (Winter). But in the most recents years, the sales keep going during the holidays and winter months making the late fall a great time to list your home for sale. There are many reasons that make selling now a great time.

·      There are buyers available in Sumter and the inventory of homes listed for sale is low. Lower than we have seen in years!

·      Interest rates are down, so buyers are taking advantage of them.

·      Buyers who look for homes during the holiday season are more serious buyers. Less serious buyers are off at holiday gatherings and events a...

Let’s Talk… Earnest Money Part 1

Earnest Money also occasionally referred to as Good Faith money, shows the buyer is intentional in purchasing a property. Some common questions that are asked about earnest money are:

“Is it required?” No, per law earnest money isn’t required.

“Who holds the Earnest Money?” This is agreed upon in the contract. In our market, the buyers’ agent will hold the earnest money. There are some exceptions and that is normally for foreclosure properties or luxury properties.

“Will I get back my money?” The buyer will be credited with the Earnest Money at closing. If the transaction doesn’t close, you could lose your earnest money depending on the circumstance...

WHO WANTS $15,000 IN DOWN PAYMENT ASSISTANCE TO PURCHASE A HOME IN SUMTER, SC?

SC State Housing is considering Sumter a hard hit area. They have increased their SC Down Payment Assistance from $6,000 to $15,000. To get the down payment assistance, you must qualify with a minimum credit score and income range. 

A second program from SC first time home buyers, is a Federal Tax Credit program. This program allows a credit of $2000 per year! That is a credit not a deduction. It comes off taxes owed or if you are getting a refund your refund is increased by that amount.

For more information, please contact Todd Huss from Prosperity Mortgage at 843-729-0148. 

Let’s Talk… Moving Damages to the Property

You have prepped the house. Cleaned it from top to bottom. Maintained that sense of clean to get a contract (being real here, most houses are not show ready 100% of the time). Made it through the home inspection and repairs. You are now moving out so you can go to closing tomorrow.

Suddenly, out of the moving chaos. You hear those all too familiar words your significant other utters when a something happens. You turn towards the voice and start walking. You shake your head as you see the nice hole in the wall where the headboard and the wall met. The wall lost. Now there is a nice hole in it.

Moving damages occur even with t...

Recently while working with a seller of a vacant property, I told the seller one last thing needed to be done and that was to have the grass mowed prior to closing. The seller asked why that needed to be done. When the buyer and seller reach an agreement using South Carolina Realtor® Form 310 “Agreement/Contract: To Buy and Sell Real Estate (Residential)”, buried in paragraph 3 is the following;

“Seller agrees to maintain in operable condition the Property and any personal property conveying in same operable condition, including any landscaping, grounds and any agreed upon repairs or replacements, from the Effective Date through Closing subject to normal operable wear and tear.”1

August 2019 was another strong month from Sumter SC Real Estate. The sales were lower, but the number of available listings continued to decrease as did the days on the market. The past years have proven that the market will continue to be strong through the fall months. Many buyers are not putting homes under contract as their are struggling to find the home that they want. Interest rates continue to be below 4% so many buyers are not rushing to settle on any home, they are waiting for the home they want or are not able to make their offers fast enough.  If you are intersted in buying or selling call me today 803-840-7519.

June 2019 and July 2019 proved to be strong months from the Sumter, SC real estate market. Sumter real estate agents were busy with the ever decreasing number of listings and the supply of buyers who were looking for homes. The interest rates have declined to less that 4% for a 30 year mortgage making purchasing a home more attractive to buyers who were sitting on the fence. 

Call me today to find out what your home is worth is you are thinking about selling. And if you are considering taking advantage of these low interest rates, call me and we can start your home search. 

Sumter, SC has experienced a shift in the market. Certain price points are have very few homes for sale and what does become available is quickly put under contract. 

Demand is UP

Listings are DOWN

Prices are UP

To find out what your home is worth or to get more information, please call me at 803-840-7519. 

Market Summary Thru August 31, 2014

Market Summary Thru August 31, 2014

Market Summary Thru October 31, 2014

Market Summary Thru September 30, 2014

Market Summary Thru August 31, 2014

Market Summary Thru July 31, 2014

124 North Purdy Street – Sumter, SC 29150

Overview

Freshly painted and move-in ready! Current owner has had property rewired, HVAC replaced, kitchen and bathroom replumbed, new windows and walls have sheetrock. Home has a carport and front and back porches. The fenced-in backyard has a storage shed and secret garden area. Home has four fireplaces that are as-is. Virtual Tour On This Home

Market Summary Thru May 31, 2012