Americans Think It's a Good Time to Sell

Americans Think It's a Good Time to Sell

It's no secret that we're experiencing a seller's market. Sellers have much more leverage than buyers do in our current real estate market. Realtor Magazine recently published a very insightful article including data provided by Redfin.com that was gathered by surveying sellers. This post discusses some of the interests and concerns that those ready to sell their homes are facing and to what percentage they would agree. Remember me if you're interested in buying or selling residential, commercial or investment real estate in the Charleston, SC area!

Mortgage Rates Remain Low - Again!

Mortgage rates have remained at almost historic low this week. The lowest average mortgage rates were around 3.31% in Nov 2012. Our most current rates are not much higher this week at 3.42% for a 30-year-fixed-rate. Rates have continued to drop ever so slightly over the last few months. I would not expect them to get much lower that they are now, so if you're in the market to purchase, I would certainly recommend doing so soon.

Here are the averages for the week:

  • 30-year-fixed-rates - 3.42%. This time last year, they were 4.09%.
  • 15-year-fied-rates - 2.72%. This time last year, they were 3.25%.
  • 5-year hybrid ARMs - 276%. This time last year, they were 2.96%.

Now is a great time to buy or sell! As always, if you or anyone you know is ready to buy or sell a home, investment property or commercial property, please feel free to contact me. Our local inventory is very tight in the Charleston area with this influx of new residents. However, if you're prepared when the perfect property becomes available, you should have little problem securing it.

-Troy Gandee

Belated Post! Life Update and 8 Ways to Quell Mosquitoes!

Belated Post! Life Update and 8 Ways to Quell Mosquitoes!

Today's blog post is an update on our lives, which has been pretty crazy as of late!

And a sort post on how to repel those pesky mosquitoes! It's almost mosquito/gnat season here is the lowcountry and if you're familiar with these little buggers, you know they're no fun! 

4 Good Things About the Current Real Estate Market

4 Good Things About the Current Real Estate Market

This post today is about our current real estate market. A lot to good and bad things have been cooking in the real estate World, but today we will discuss 4 positive items to look forward to!