Mortgage rates have been increasing lately. It can be very frustrating as a prospective home buyer, but there is good reason for it. This blog post explains why interest rates are increasing, who is responsible for causing these rates to increase and why it isn't the worst thing ever (albeit frustrating). While rates were bumped a couple of times at the end of 2016, we're expecting them to be raised more than once in 2017. If you're worried that these rising interest rates are going to keep you from buying, don't fret- the increase is pretty nominal on an average house, but I would certainly recommend talking to mortgage lender about your borrower power before you file your taxes next month. A good lender can suggest some things that can have a big affect on your borrowing power later down the line. As always, remember me if you're interested in buying or selling residential, investment or commercial real estate in Charleston!
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!
The Charleston are's population has been burgeoning. Everyone knows it. It's partly due to the fact that our little city is so livable, but it is also due to the heavy influx of industry that we're currently seeing. I think new industry should be welcomed with open arms to strengthen our local communities. However, when you experience an influx of new residents, you will certainly see an affordable housing shortage. That has been the case here in Charleston recently. Unfortunately, house prices have skyrocketed and that has made many millennials unable to buy. They have to resort to renting and the rental rates in the area have been increasing just as aggressively as home prices. Today's post is about why it is impractical to continue renting in today's market. I know it isn't easy to buy a home, so we will follow the previous statements up with some information on how you CAN buy a home more easily than you think you can.
Recently, there has been a lot of coverage of various crimes committed against real estate professionals. Our jobs demand us to put ourselves in very vulnerable situations. We have to visit unknown or vacant properties on a daily basis. We have to meet with absolute strangers in these houses quite often. We're normally on call and can find ourselves at these properties with strangers at all hours. There have been quite a few attacks and even murders committed against real estate agents in the last few months. The victims were targeted for the reasons that I mentioned above. Beyond wanting to protect ourselves, we also want to protect our clients when we show them a house. I personally take every step I can to protect myself and my clients when visiting properties. This includes having a concealed weapons permit and trying to keep my firearm with me every time that I visit a questionable property. This post explains the ways and reasons that we attempt to be as careful as possible when it comes to showing properties for the safety of ourselves and our clients. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC.