Mary Jane Freeman's Real Estate Blog | Greenville, SC | First Time Home Buyers, Foreclosures, Loan Modification, Short Sales, Housing Market

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Mary Jane Freeman
REALTOR®

    ABR®: Accredited Buyers Representative
    GRI: Graduate REALTOR® Institute

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Ready to Buy a Home in Greenville?

Wednesday, May 13th, 2009

If you are a Greenville home buyer and think you are ready to buy, consider the following questions to see if you are prepared to purchase a home.

Am I ready to stay put?
Buying a home is a big process. If you find yourself moving frequently and if you can predict that you might not stay put, now might not be the time to buy a home.

Is my credit clean?
Since there’s a good chance you’ll need to get a mortgage to buy a Greenville home, take the time to be sure your credit history is as clean as possible. A couple months before you begin looking for Greenville homes, get copies of your credit report. Make sure the facts are correct, and fix any errors or problems you might find.

Have I been pre-approved yet?
Before searching for homes in the area, it is best to save the energy by finding homes you really can afford. This will prepare you to make a serious offer when the right house comes along. Pre-approval from a Greenville lender is based on credit history, income and any debt you may have. Get pre-approved first!

Have I met with my agent to do a market analysis?
Make the effort to do a market analysis with your Greenville Real Estate Agent. They will have access to the MLS in the area, and access to county records to see what price range other homes have been selling for over the last few months. This is important so that you are prepared to make a good offer on a home in Greenville, according to sales of similar homes.

Keep in mind that getting a home inspection and working with an area professional are also important steps to finding the right home. Look to buy in an area with a good school district. If the time comes to sell the home you have purchased, this will be a very valuable asset. Call or email me today to help you find the perfect home in Greenville!

Why You Should Buy a Home Now

Monday, February 23rd, 2009

Many people are shying away from buying a home in Greenville, SC because of the current market conditions. However, because of the current market conditions, now is a great time to buy a home in Greenville, SC. If you are currently thinking to buy a home in Greenville, let’s take a minute to look at the market. Because of the economy, less people are buying houses, and this is putting the home sellers in a pinch. The inventory on the Greenville housing market is becoming larger and larger, thus supply is much greater than demand. Because of dropping market demand, Greenville sellers are lowering their initial asking price, or if they haven’t yet, they are much more willing to negotiate prices with those looking to buy the home.

Those looking to buy a home in Greenville also can’t overlook the lowering interest rates. As of February 1, 2009, a home buyer could get a 30 year fixed mortgage rate of 5.25%. These mortgage rates in combination with Greenville’s lowering house prices make buying a house more affordable now than the previous 30 years.

Also, potential Greenville homebuyers now have even more incentive to buy a home with the recent tax credit. If you are buying a home for the first time, you may be eligible for an substantial tax credit from the federal government. This tax credit can help you free up some extra cash in furnishing your new Greenville home or to help with some initially homeowner costs. This tax credit is in effort to further help those buying a home in today’s market, and helps strengthen your decision to buy a home now.

If you have any questions regarding buying a home in Greenville, please feel free to call or send an email.

Market Recap

  • Avg. Sales Price: $147,900

  • Avg. Days on Market: 70

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