Posts


Buying A Foreclosure in Sumter, SC Part 6 - Breaking Even

Fri, Jan 10th 2014 12:00 am by Kim PeasleyParker Sumter SC Foreclosures

Orginally Posted on ActiveRain.com by Kim Peasley-Parker

Buying a Foreclosed Home in Sumter, SC Part 6

Breaking Even, Making Money or Having Instant Equity

 

In the last post about buying foreclosed property in Sumter, SC, I wrote about the most common reasons buyers purchase a foreclosed home.  The “flipper” is normally the investor who wants to buy the property at the lowest price possible and then make improvements and sell for the highest price possible.  The “owner occupant” and the “investor” are two buyers that are still looking for a good deal, but they are not as concerned with making the necessary repairs and improvements and reselling the house as quickly as possible. ...




Tags: , , ,
No comments

Buying A Foreclosure in Sumter, SC Part 5 - The Reason for Buying a Foreclosure

Thu, Jan 9th 2014 2:00 pm by Kim PeasleyParker Sumter SC Foreclosures

Originally Posted on ActiveRain.com by Kim Peasley-Parker

Buying a Foreclosed Home in Sumter, SC Part 5

The Reason for Buying a Foreclosure

 

Things are quiet with the purchase of the Sumter, SC foreclosure as we are waiting for the checks to clear the bank and the paperwork to get processed.  We are on track for closing November 13th (a Wednesday, for all those who are superstitious) and getting geared up for the work that needs to be done.

 

So for the next few posts in this series, I am going to cover some other information about buying foreclosures.  This post is about the reason behind buying foreclosures or the type of buyers.   There are many reasons to buy a foreclosure a...




Tags: , , ,
No comments

Buying A Foreclosure in Sumter, SC Part 4 - Please Connect the Utilities

Thu, Jan 9th 2014 10:00 am by Kim PeasleyParker Sumter SC Foreclosures

Buying a Foreclosed Home in Sumter, SC Part 4

Inspections with Electrical Power…..  Please Connect the Utilities

Originally Posted on ActiveRain.com by Kim Peasley-Parker

 

Many times it is the responsibility of the purchaser to have the utilities turned on at a Foreclosed property in Sumter SC and many other areas of the country for inspection purposes.  If you have been following my series, you are aware that I am purchasing this foreclosed property for an income property.  So I am the one in the hot seat.  When I completed the offer, I had a 10 Business Day Due Diligence.  When everything was agreed upon, the addendum from Fannie Mae said 10 calendar days for inspections.  I was...




Tags: , , ,
No comments

Buying A Foreclosure in Sumter, SC Part 3 The Inspections

Thu, Jan 9th 2014 2:00 am by Kim PeasleyParker Sumter SC Foreclosures

Buying a Foreclosed Home in Sumter, SC Part 3

Home Inspections

Originally Posted on ActiveRain.com by Kim Peasley-Parker 

Buying a Foreclosure in Sumter SC Crawl Space InspectionLast week the posts were about making the offer and then accepting the counter offer from Fannie Mae.  Moving forward in the buying process is the ten days inspection period.  During this inspection period, the buyer may have the property inspected for any of the types of inspections listed below.  Since this is a foreclosure the buyer is responsible for all the inspection costs. 

 

·     Termites and other Wood Infestations – very important in South Carolina and required by most lenders.  For an investor, just a great idea before you close on the house and re...




Tags: , ,
No comments

Buying a Foreclosure in Sumter, SC Part 2 The Counter

Wed, Jan 8th 2014 3:00 pm by Kim PeasleyParker Sumter SC Foreclosures

Buying a Foreclosed Home in Sumter, SC Part 2

Originally Posted on ActiveRain.com by Kim Peasley-Parker

 

The Accept Button Buying a Foreclosure in Sumter, SCIf you read my first post about purchasing a foreclosure you know that the tables were turned on me and it was my turn to sign the paperwork to make an offer on purchasing a home.  After much thought, I signed the paperwork uploaded it with the HomePath offer and hit the submit button.  

 

I will admit, that evening I kept checking my email.  I check the HomePath.com website for any news.  But nothing changed except it said “Submitted”.  Ok, off to work the next day, and yes HomePath.com was an open tab on my browser.  I would click over and refresh, oh maybe ever 30 minutes if...




Tags: , , ,
No comments

Buying A Foreclosure in Sumter, SC Part 1 The Offer

Wed, Jan 8th 2014 10:12 am by Kim PeasleyParker Sumter SC Foreclosures

Buying a Foreclosure in Sumter SC

Originally posted on Activerain.com/kpeasley

I forgot how that excitement of “let’s do this thing” went into the pit of your stomach.  How you are shaking as you work on it.  You know it is a good choice, the right choice, but you second guess yourself.  Is this really it?  Is there something that you are not seeing?  Are you ready to take this leap?  Oh, what is the right choice?  What is the right price?  Is this a good deal?  Is this a good investment?  Should I offer more or less?  Should I lay all my chips on the table at one time or hold some back? 

 

Wow, I have worked with many buyers over the past eight years to purchase real estate.  I help them find houses and help to mak...




Tags: , ,
No comments

November 2013 Sumter County, SC Real Estate Market Report

Tue, Jan 7th 2014 9:43 am by Kim PeasleyParker Sumter Real Estate Monthly Report

 

Market Summary Thru November 30, 2013

 

Market Statistic

October 2013

November 2013

Trend

Median Price of Homes Sold

$145,950

$130,500

-

Average Price of Home Sold

$152,820

$137,535

-

Least Expensive Home Sold

$ 13,600

$ 8,500

-

Most Expensive Home Sold

$361,000

$480,000

+

Price/ Sq. Ft.

$65.82

$65.03

-

Average Days of Market (DOM)

144

146

+

Total Active Inventory

1287

1285

-

Median Home Size

1858

1873

+

Median Number of Bedrooms

3

3

 

Me...




Tags: , , ,
No comments

May 2012 Sumter Real Estate Market Report

Tue, Jun 12th 2012 9:17 am by Kim PeasleyParker Sumter Real Estate Monthly Report

Market Summary Thru May 31, 2012

 

Market Summary Thru May 31, 2012

 

Market Statistic

April 2012

May 2012

Trend

Median Price of Homes Sold

$124,050

$136,034

+

Average Price of Home Sold

$132,469

 $135,943

+

Least Expensive Home Sold

$4,000

$5,000    

-

Most Expensive Home Sold    

$503,000

$364,000

+

Price/ Sq. Ft.

$72.45

 $72.41

+

Average Days of Market (DOM)

 179

155

-

Total Active Inventory

 1283

 1290

+

Median Home Size

1680

 1640

-

Median Number of Be...




Tags: , , , , ,
No comments

April 2012 Sumter Market Report

Thu, May 24th 2012 9:34 am by Kim PeasleyParker Activities In and Around Sumter
Market Summary Thru April 30, 2012
 

Market Statistic

March 2012

April 2012

Trend

Median Price of Homes Sold

$112,050

$124,050

+ 

Average Price of Home Sold

$123,266

 $132,469

+  

Least Expensive Home Sold

$14,000

$4,000    

- 

Most Expensive Home Sold    

$349,000

$503,000

+  

Price/ Sq. Ft.

$63.66

 $72.45

+   

Average Days of Market (DOM)

 177

179

+  

Total Active Inventory

 1212

 1283

+    

Median Home Size

1700

 1680

-    

Median Number of Bedrooms

3

3

...



Tags: , , ,
No comments

February 2012 Sumter Real Estate Market Report

Fri, Mar 23rd 2012 1:25 pm by Kim PeasleyParker Sumter Real Estate Monthly Report
Market Summary Thru February 29, 2012
 
...

Market Statistic

January 2012

February 2012

Trend

Median Price of Homes Sold

$128,500

$144,900

+ 

Average Price of Home Sold

$120,785

 $145,324

+  

Least Expensive Home Sold

$12,500

$13,000    

+

Most Expensive Home Sold    

$315,649

$365,000

+  

Price/ Sq. Ft.

$66.40

 $72.06

+   

Average Days of Market (DOM)

 160

169

+  

Total Active Inventory

 1196

 1191

-   

Median Home Size

1654

 1766

+   

Median Number of Bedrooms

3




Tags: , , , , , ,
No comments

January 2012 Sumter SC Real Estate Market Report

Thu, Mar 22nd 2012 5:00 pm by Kim PeasleyParker Sumter Real Estate Monthly Report
Market Summary Thru January 31, 2012
 

Market Statistic

December 2011

January 2012

Trend

Median Price of Homes Sold

$137,000

$128,500

- 

Average Price of Home Sold

$135,199

 $120,785

- 

Least Expensive Home Sold

$5,200

$12,500    

+ 

Most Expensive Home Sold    

$450,000

$315,649

- 

Price/ Sq. Ft.

$68.92

 $66.40

-  

Average Days of Market (DOM)

 179

160

- 

Total Active Inventory

 1156

 1196

+  

Median Home Size

1755

 1654

-  

Median Number of Bedrooms

3

3

...


December 2011 Sumter Real Estate Market Update

Thu, Jan 26th 2012 10:27 am by Kim PeasleyParker Sumter Real Estate Monthly Report
Market Summary Thru December 31, 2011
 

Market Statistic

November 2011

December 2011 

Trend

Median Price of Homes Sold

$120,500

$137,000

+

Average Price of Home Sold

$123,159

 $135,199

+

Least Expensive Home Sold

$4,750

$5,200    

+ 

Most Expensive Home Sold    

$515,000

$450,000

- 

Price/ Sq. Ft.

$62.97

 $68.92

+ 

Average Days of Market (DOM)

 137

179

+

Total Active Inventory

 1245

 1156

-

Median Home Size

1698

 1755

+ 

Median Number of Bedrooms

3

3

 ...




Tags: , , , , ,
No comments

November 2011 Sumter Market Update

Thu, Jan 26th 2012 9:06 am by Kim PeasleyParker Sumter Real Estate Monthly Report
Market Summary Thru November 30, 2011
      
 
...

Market Statistic

October 2011

November 2011 

Trend

Median Price of Homes Sold

$113,700

$120,500

+

Average Price of Home Sold

$117,013

 $123,159

+

Least Expensive Home Sold

$14,500

$4,750    

-

Most Expensive Home Sold    

$265,016

$515,000

+

Price/ Sq. Ft.

$63.78

 $62.97

-

Average Days of Market (DOM)

 136

137

+

Total Active Inventory

 1314

 1245

-

Median Home Size

1731

 1698

-

Median Number of Bedrooms

3

3




Tags: , , , , , ,
No comments

October 2011 Sumter SC Real Estate Market Report

Mon, Nov 14th 2011 11:05 am by Kim PeasleyParker Sumter Real Estate Monthly Report
 
Market Summary Thru October 31, 2011
      
 
...

Market Statistic

September 2011

September 2011 

Trend

Median Price of Homes Sold

$127,000

$113,700

-

Average Price of Home Sold

$127,813

 $117,013

-

Least Expensive Home Sold

$7,000

$14,500

+

Most Expensive Home Sold    

$256,670

$265,016

+

Price/ Sq. Ft.

$82.11

 $63.78

-

Average Days of Market (DOM)

172

 136

-

Total Active Inventory

1339

 1314

-

Median Home Size

1617

 1731

+

Median Number of Bedrooms

3

3




Tags: , , , , ,
No comments

September 2011 Sumter Real Estate Market Report

Wed, Oct 12th 2011 10:15 am by Kim PeasleyParker Sumter Real Estate Monthly Report
 
Market Summary Thru September 30, 2011      
 

Market Statistic

August 2011

September 2011 

Trend

Median Price of Homes Sold

$144,000

$127,000

-

Average Price of Home Sold

$142,616

 $127,813

-

Least Expensive Home Sold

$6,000

$7,000

+

Most Expensive Home Sold    

$308,000

$256,670

-

Price/ Sq. Ft.

$76.36

 $71.28

-

Average Days of Market (DOM)

163

 172

+

Total Active Inventory

1339

 1339

NC

Median Home Size

1751

 1617

-

Median Number of Bedrooms

3

3

 

...



Tags: , , ,
No comments

August 2011 Sumter Residential Real Estate Market Report

Wed, Sep 7th 2011 2:20 pm by Kim PeasleyParker Sumter Real Estate Monthly Report
 
Market Summary Thru August 31, 2011      
 
...

Market Statistic

July 2011

August 2011 

Trend

Median Price of Homes Sold

$140,417

$144,000

+

Average Price of Home Sold

$154,156

 $142,616

-

Least Expensive Home Sold

$15,000

$6,000

-

Most Expensive Home Sold    

$357,000

$308,000

-

Price/ Sq. Ft.

$76.82

 $76.36

-

Average Days of Market (DOM)

141

 163

+

Total Active Inventory

1341

 1339

-

Median Home Size

1808

 1751

-

Median Number of Bedrooms

3

3

 




Tags: , , ,
No comments

July 2011 Sumter Real Estate Market Report

Mon, Aug 29th 2011 2:31 pm by Kim PeasleyParker Sumter Real Estate Monthly Report
 
Market Summary Thru July 31, 2011      
 

Market Statistic

June 2011

July 2011 

Trend

Median Price of Homes Sold

$145,500

$140,417

+

Average Price of Home Sold

$162,245

 $154,156

+

Least Expensive Home Sold

$10,000

$15,000

+

Most Expensive Home Sold    

$512,000

$357,000

-

Price/ Sq. Ft.

$77.03

 $76.82

+

Average Days of Market (DOM)

177

 141

-

Total Active Inventory

1391

 1351

-

Median Home Size

1818

 1808

+

Median Number of Bedrooms

3

3

 

...



Tags: , , ,
No comments

ROAD TRIP!!!!!!!

Thu, Jul 14th 2011 4:23 pm by Kim PeasleyParker Activities In and Around Sumter
After an appointment in Columbia, I offered my husband his choice of restaurants for lunch.  We discussed a couple places and when Cracker Barrel was mentioned the decision was made.  So we were off to Cracker Barrel at Sandhills in Northeast Columbia.  (Sandhills is a nice shopping area to visit.)  
As always good meal and great service.  My compliments to the manager also.  The manager stood in the kitchen door and told the servers and the kitchen staff they had done a great job with lunch service.  Hooray for him!!!!  If more managers were like that there would be a lot happier employees in this world!
Back to the subject though....
Cracker Barrel was a treat for my sister and...



Tags: ,
No comments

June 2011 Sumter Real Estate Market Report

Mon, Jul 11th 2011 3:38 pm by Kim PeasleyParker Sumter Real Estate Monthly Report
 
Market Summary Thru June 30, 2011      
 

Market Statistic

May 2011

June 2011 

Trend

Median Price of Homes Sold

$129,900

$145,500

+

Average Price of Home Sold

$138,235

 $162,245

+

Least Expensive Home Sold

$4,500

$10,000

+

Most Expensive Home Sold    

$625,000

$512,000

-

Price/ Sq. Ft.

$70.45

 $77.03

+

Average Days of Market (DOM)

182

 177

-

Total Active Inventory

1403

 1391

-

Median Home Size

1717

 1818

+

Median Number of Bedrooms

3

3

 

Me...




Tags: , , , ,
No comments

May 2011 Sumter Real Estate Market Report

Fri, Jun 10th 2011 11:47 am by Kim PeasleyParker Sumter Real Estate Monthly Report
May
 
Market Summary Thru May 30, 2011      
 

Market Statistic

April 2011

May 2011 

Trend

Median Price of Homes Sold

$125,000

$129,900

+

Average Price of Home Sold

$125,458

 $138,235

+

Least Expensive Home Sold

$7,000

$4,500

-

Most Expensive Home Sold    

$350,000

$625,000

+

Price/ Sq. Ft.

$69.50

 $70.45

+

Average Days of Market (DOM)

177

 182

+

Total Active Inventory

1436

 1403

-

Median Home Size

1641

 1717

+

Median Number of Bedrooms

3

3

 

...



Tags: , , , ,
No comments