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Mary Jane Freeman
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    ABR®: Accredited Buyers Representative
    GRI: Graduate REALTOR® Institute

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Archive for April 2009

Selling Your Home Isn’t As Hard As You May Think

Thursday, April 23rd, 2009

There is a lot to know when you take on the sometimes tumultuous task of selling your Greenville home. The selling process can be simple if you just take it one step at a time and by following these guidelines, it can turn out to be successful, and not as bad as you may think.

Step 1: Find a real estate agent first. It is proven that sellers who work with an agent have a better average selling price for their home. Greenville real estate agents are professionally trained with the tools and knowledge to calculate the value of your home, handle all of the correct forms and procedures for selling a home, and can get your Greenville home the amount of exposure it needs in order to sell quickly. Advertising your home is key to the selling process, and it only helps to have the right price listed.

Step 2: The Greenville housing market isn’t what it used to be. Sellers can’t afford the time to just put up a higher price for their home, hoping that someone out there will pay the higher price and it will be their lucky day. Face the fact that you have to be a serious seller. Your home needs to be priced according to the market statistics and in comparison to homes around you. You may not get the price you hoped for, but regardless, your Greenville home needs to sell and the best way to get a closing is by working with a trusted real estate agent.

Step 3: Take the time to de-personalize your home, and consider staging it for the sell. It’s also important to make your home desirable, and to do so, be sure to take the time to make necessary repairs to make it shine.

Step 4: Be sure that the Greenville buyer is qualified to follow through with the closing of your home. Keep in contact with the potential buyer and find out if their loan has come through, if the appraisal is done, and if they are waiting for their current house to sell before they close the deal with yours. Review the contract and the offer with your Greenville buyer. Once the offer is accepted, your home will begin escrow which is the part of the final closing process.

Remember to be patient but to work hard and keep the line of communication open between you, your real estate agent, and the buyer. If you need any assistance selling your Greenville home, please feel free to contact me.

Looking Into Short Sales?

Tuesday, April 7th, 2009

Is your mortgage payment stressing you out? Do you find yourself considering short selling your Greenville home? These questions aren’t uncommon among homeowners in the Greenville area. With the current housing market, more and more residents are looking into their options as a homeowner. Of course, selling your home as a short sale home means that you will not get what you paid for, but it may be the only option to choose. Be sure to do some research about Greenville lenders and get a good real estate agent who knows the market well and can work with you to figure out the best option. Sometimes lenders might pitch a price for your home that is more than what you and your real estate agent came up with, after doing a CMA, or a comparative market analysis. You must work with an agent that knows the area well and will do whatever they can do help you out.

In some cases the Greenville seller will be better off to try to go for the short sale, rather than wait for a foreclosure, due to credit purposes. The Greenville seller will be making an attempt to resolve or set right their current housing or mortgage situation, and lenders may see this as a favorable situation for the seller who is making the effort to do something about their home and mortgage crisis through a short sale. Also, remember that a short sale typically won’t affect your credit score like a foreclosed home would. Keep in mind that a short sale is not an easy process.

Greenville sellers: take the time to sit down and examine your situation and see if a short sale is the right path to take with your home. Don’t ignore or put off the signs that are leading to a foreclosure. Tackle the situation today and search to find out if a Greenville short sale is the best way to pull out of this difficult economic time.

A Strong and Consistent Housing Market

Wednesday, April 1st, 2009

In the past few months we have seen the Greenville housing market slow down, with prices dropping and homeowner’s struggling. The economy has taken a hard hit, but the worst part seems to be over. Greenville may not have been hit the hardest in the country, but things are still looking pretty good. The Greenville housing market has had a positive 5% increase over the last month. There are plenty of new homes coming onto the Greenville market, including some wonderful new neighborhood developments. Greenville is going to be one of the better housing market’s in the country. We are gradually on the rise and are hoping to soon be close to our average sale levels. It may take a few months, it may take a little more than a few months. Greenville buyers and sellers alike should stay positive and keep a close eye on the housing market.

If you are a Greenville buyer or seller, don’t get discouraged. The economy has definitely had its ups and downs, but the housing market here in Greenville looks to be on the upside. The average days a house has been on the market has remained pretty consistent and listing prices, though somewhat lower than the beginning of last year’s average, stay competitive.

Thanks to our wide variety of strong Greenville businesses, our economy and housing market hasn’t been impacted like it has in other states, and people are still relocating to our surrounding areas. The population growth remains steady here in Greenville and the expansion and development in our area is what has kept home values more constant. Home sellers and buyers: be sure to know the truth about the real estate market by getting in touch with your South Carolina Realtor today.

Market Recap

  • Avg. Sales Price: $147,900

  • Avg. Days on Market: 70

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