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Mortgage Applications Down 1.6%

by Terri's Team



Total mortgage application volume fell 1.6 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Volume was 18.4 percent higher than the same week one year ago. Volume was driven lower by applications to purchase a home, which fell 6 percent last week. Purchase volume was nearly 12 percent higher than one year ago. 

Applications to refinance a home loan rose 1 percent from the previous week, seasonally adjusted, and are 24 percent higher than one year ago. Mortgage rates were slightly higher a year ago at this time, but not by much.

The average contract interest rate for 30-year fixed-rate mortgages with confirming loan balances (417,000 or less) remained unchanged at 3.82 percent, with points unchanged at 0.34 (including the origination fee) for 80 percent loan-to-value ratio loans, according to the MBA.

 

http://www.cnbc.com/2016/05/18/lowest-rates-in-a-year-no-enticement-mortgage-applications-down.html

New Off Campus Housing Development for Anderson University

by Terri's Team

AU.jpg

 

College Parke, a 26-unit development just north of the AU athletic campus off Old Williamston Road, will open this fall. This development is targeting Juniors and Seniors at the University as well as AU Professors and Faculty. 

Each of College Parke's 104 bedrooms will be leased out individually for $550 per month, plus utilities. Occupants will share kitchens and common areas, but they get their own bathrooms.

The university will have over 1,500 beds available to undergraduates this fall, including 68 new beds in the Heritage town homes to go with the 76 already now available near the athletic campus. The university also added dorm space along Boulevard on the main campus in the last few years.

 

 

http://www.independentmail.com/news/au-students-targeted-for-new-town-homes-330ec500-f7d5-67ac-e053-0100007fb366-379882691.html

2015 Strong Real Estate Market

by Terri's Team


The combination of a healthy local economy and a limited inventory of available houses has made the real estate picture a bright one of late in the Anderson area. Home sales in the Anderson area were among the best in the state in 2015, according to South Carolina Realtors Association figures.

Sales in what the association designates as the western Upstate — Anderson, Oconee and Pickens counties — improved by 14.6 percent in 2015 compared with 2014. Only the Greenwood area (17.9 percent) showed a stronger improvement.

Statewide, sales in 2015 were 11.7 percent higher than a year before, with the coastal areas of Charleston (13.9) and Hilton Head (13.2) ranking slightly behind Anderson, according to the state association.

The speed of western Upstate home sales increased in 2015, when the average days on the market fell from 111 to 103. The 7.2 percent drop was state's sixth-best.

#1 Reason to Sell Your Home Now

by KCW Crew

If you are one of the many homeowners out there who are debating putting their house on the market this year, don’t miss out on the great opportunity you have right now!

The latest Existing Home Sales Report from The National Association of Realtors (NAR), reveals that the inventory of homes for sale has dropped to a 5.1-month supply.

Historically, a 6-month supply is necessary for a ‘normal’ market, explained below:

There are more buyers that are ready, willing and able to buy now, than there has been in years! The supply of homes for sale is not keeping up with the demand of these buyers.

Bottom Line

Home prices are appreciating in this seller’s market. Listing now will give you the most exposure to buyers who will be competing against each other to buy your house.

 

Source - KCM Crew

1. South Carolina Is Completely Different Than North Carolina

Just because both states have the word “Carolina” in their name doesn’t make them the same place. They might border each other, but the similarities tend to stop there.

2. No One Really Knows What A Sandlapper Is

Outsiders are always shocked when they hear this word for the first time. It’s the term for someone from South Carolina, but no one is quite sure of its origin.

3. Nothing Gets In The Way Of Football

Quit expecting South Carolinians to do things on game day. Come fall in this state, Saturdays tend to shut entire cities down.

4. Yes, This Is Where Clemson Is

Most outsiders know Clemson University is somewhere in the South, but rarely can they narrow it down to a single state.
However, after someone visits, it’s pretty obvious the school is in the Palmetto State thanks to all the die-hard fans rocking the orange and regalia of their favorite team around town.

5. Gamecocks Aren’t Some Type Of Chicken Around Here

Nicknamed after Thomas “Carolina Gamecock” Sumter for his valiant effort during the Revolutionary War, the University of South Carolina Gamecocks are another big team in this state, swooping up a comparable fan base to that of Clemson.

You’ll see plenty of people showing the Gamecocks love…and for the last time “USC” doesn’t always mean that well-known school in California.

6. A Red Dot Means Booze

Around these parts, liquor stores tend to get called “red dot stores” thanks to a law requiring a red dot on stores that sell alcohol. Outsiders always get confused when this term is thrown around.

7. Stop Asking For Unsweetened Tea

If you’re in South Carolina, tea really only comes one way…sweet and ice cold. If you’re looking for the warmer breakfast-time variation of this drink, you’ll probably have to make it yourself.

8. Sweating Is A Way Of Life

The humidity in South Carolina can be absolutely unbearable at times. Everyone is feeling the same heat though, so stop complaining and live with it!

9. Those Aren’t Spider Webs

If there are long stringy clumps hanging down from the trees in South Carolina, it’s safe to assume it’s just some Spanish moss. Quit looking for Charlotte.

10. Always Plan Ahead With A Swimsuit

There’s no greater buzzkill than having to sit aside on a hot day while everyone else enjoys a spontaneous dip in one of this state’s many watering holes. Just to be on the safe side, it’s always good to have something with you that can get wet during the warmer months of the year.

11. Sea Oats Aren’t Weeds

If it’s an out-of-towners first time on the beaches of South Carolina, they’ll probably wonder why so many brownish plants are sticking out of the dunes in an unkempt fashion.

These plants are called sea oats and they’re actually protected by state law thanks to the role they play in promoting dune growth.

12. Hushpuppies Are Perfectly Normal To Eat

Despite the funny name, there’s no dog meat in this deep fried treat. Consisting mostly of cornmeal batter, just stick it in your mouth and enjoy.

13. Sleeping In A Hammock Isn’t Weird

A relaxation station that’s very popular in this neck of the woods, it’s hard to beat a warm afternoon gently swaying back and forth in a breezy hammock. Sure, it’s not a bed, but at times it’s even more comfortable.

14. People Here Will Always Freak Out When It Snows

You can try to explain to South Carolinians that a few flurries aren’t bringing the end of the world with them as many times as you want, but it’ll never make a difference. If snow is on the report, expect plenty of people on the roads to lose most of their driving skills temporarily.

15. Quit Molesting Our Gators

For some reason outsiders think it’s safe to approach these animals when they spot one, despite it being a wild predator. Look from a distance, but please don’t touch.

16. Quit Pretending Our Barbecue Isn’t The Best

With barbecue sauces typically featuring a mustard or vinegar base, opposed to the thicker, ketchup based sauces found elsewhere, Carolina barbecue is one of a kind. You’ll never be able to convince a Sandlapper that it’s not the greatest thing since the invention of the wheel.

17. Try Our Grits Before You Bash Them

Often compared to oatmeal by outsiders despite sharing no common ingredients, grits might just look like white mush, but looks can be deceiving. This Southern classic is truly addicting once you get past its appearance and mouthfeel.

18. There’s No Beating The Bugs

A hot state with tons of water, it shouldn’t be much of a surprise that South Carolina is essentially the headquarters for all bug operations in America.

Whether you’re battling mosquitoes or fire ants, you’ll always be outnumbered. At least the tiny lightnin’ bugs floating around add a little color to the landscape.

19. Boiled Peanuts Will Always Trump The Roasted Ones

People around the entire country seem to be obsessed with peanuts, but not in the way Sandlappers are.

Opting for a boiling method of cooking instead of roasting, peanuts are tossed into piping hot salty water and often served roadside. This is one treat that South Carolinians just can’t stop snacking on.

20. Relaxing On The Porch Isn’t Wasting Time

Welcome to the South, where drinking sweet tea in a rocking chair on the porch is just as exciting as a trip to the local pub.

With awesome weather, awesome sunsets, and awesome company, it’s not too shocking that people here are so addicted to just sitting around with their friends outdoors.

21. We Like It Hot Around These Parts

Hot sauce goes on everything here, as indicated by the huge selection of brands many restaurants have. If you’re in South Carolina, you’ll rarely get stuck with cheap mass-produced variations of this condiment.

22. Quit Bashing Our Bluegrass

First off, everyone here isn’t always blasting Bluegrass music through their speakers 24/7 despite popular stereotypes.

Second, have you ever even heard Bluegrass music before? Outsiders love to hate on this genre, but hardly any of them have actually seen a live performance. Bluegrass music can actually be pretty sweet.

23. Our Extreme Politeness Isn’t Sarcasm

People really are just that friendly around here, quit thinking that they’re mocking you.

24. Well, Sometimes They Are Mocking You Though

South Carolinians are so polite, that even their slams sound nice. If someone tells you “bless your heart,” it’s not a good thing.

25. Myrtle Beach Isn’t Just A Tourist Trap

Like any world-class beach, there’s a tourist season here…but once the spring breakers leave, there’s plenty of beautiful shoreline left behind for everyone else in South Carolina to enjoy. A trip to the coast in this state is always worth it.

26. Everyone Is A Sir Or Ma’am

An extension of the ever-present South Carolina manners, regardless of age or status, people here tend to address those they don’t know with formal terms. Don’t worry, they’re not calling you old.

27. Stop Asking — There’s No Frog In Frogmore Stew!

Typically consisting of various shellfish and veggies that are boiled, the name “Frogmore Stew” stems back to this dishes origin out of the fishing town of Frogmore, SC. While this town no longer exists, it was close to the present day Beaufort area.

28. No, We Won’t Show You How To Do The Carolina Shag.

A complicated regional dance involving a lot of people, it’s hard to put together a group willing to do the Carolina Shag these days. Most locals might know it from grade school gym class, but if you want to learn it yourself, YouTube is probably your best bet.

29. Cracking Crabs Isn’t That Hard

So close to the ocean, seafood is a big deal here and crabs are no exception.

Home to some of the most delicious blue crabs in the country, cracking crabs might be an easy skill, but it is something that must be learned. Outsiders shouldn’t expect to get it right on the first try.

30. South Carolinian Pride Can’t Be Stopped

One of the most beautiful states in the entire country, visiting South Carolina is one thing that should be on everyone’s bucket list. With great beaches, delicious Southern cooking, and the kindest people you’ll ever find, the Palmetto State is pretty difficult to top.

 

Source - Movoto

New Trends For Bathrooms

by Terri's Team

Just like the kitchen, contemporary designs are growing in popularity in bathroom remodels. These contemporary touches in the bathroom equate to clean and open designs, with floating vanities and freestanding tubs.

Here are the top 10 overall bathroom design trends HGTV designers expect to be hot this year:

1. Clean, white, contemporary designs
2. Floating vanities
3. Open-shelving
4. Electric heated floors
5. Purple color schemes
6. Trough sinks
7. User experience (ease of use and low maintenance) and accessibility features
8. Extra amenities (like steam showers, anti-fog mirrors, lighted showers, and shower seats)
9. Innovative storage (such as drawer pullouts and rollouts to hold hair styling equipment)
10. Showers and freestanding tubs

Most popular colors: White and gray are the dominant colors for bathrooms. Half of designers expect to see gray growing in 2015, and several designers also mentioned the growing popularity of purple, lavender, and lilac tones gaining steam in bathroom designs. For fixtures, white continues its dominance.

Out of style: Jetted tubs, whether whirlpool or air, are decreasing in popularity. People are moving away from jetted tubs to more classic soaking tubs. 

Lake Hartwell Resort Planning Moves Forward

by Terri's Team


Developers planning a 325-acre resort on Hartwell Lake along Interstate 85 have found a government agency ready to pursue building an outdoors center that will make the resort an overnight destination and hub for Upstate outdoors attractions. Michelle McCollum, director of the S.C. National Heritage Corridor, said she expects the agency’s Great Outdoors Center to open in early 2017 and potentially attract 700,000 people a year to Sanctuary Pointe.

“The stars are aligning right now,” McCollum said of the center and resort, which are separate but will share the site. She said construction of the Great Outdoors Center campus could begin later this year.

“We are working very closely with them,” McCollum said. “We feel each project enhances the other. It makes the entire Upstate an outdoors recreation destination.” She said the Great Outdoors Center will also contribute to Oconee County’s rebranding effort to complement its outdoor attractions, which include whitewater rafting, hiking and camping.

McCollum and Sanctuary Pointe developer Robert Daffin both said the projects will also benefit Upstate residents and businesses generally. He said “nobody has ever coordinated the Upstate.”

Daffin said the outdoors center enhances the appeal of the resort to be developed about midway between Atlanta and Charlotte. His group has searched since 2013 for an upscale hotel partner for the project that is to include a golf course and conference center. Daffin said “the move to bring the Great Outdoors Center just kind of happened early this year.”

“We are trying to move it along as fast as we can,” Daffin said. “People kind of thought we disappeared but actually we have been doing a lot of work.” He described the Great Outdoors Center campus as a “brick-and-mortar type of facility to promote outdoor recreation and conservation and preservation.” He said for visitors looking for an outdoor experience it “would be a have to try it out.”

Daffin said there will be “zip lines and canopy tours. There will be excursions run out to the waterfalls and mountains. Then we will have a lakeside center where people can learn how to kayak and canoe. There will be classrooms and programs on the outdoors and conservation.”

The “trend nowadays in vacations, people come to relax, but after a couple of days they want something to do,” Daffin said.

Daffin’s group, Sanctuary Pointe LLC, has a 50-year sublease with the S.C. Department of Parks, Recreation and Tourism on the site that includes 7 miles of lakefront. The department leases the tract from the U.S. Army Corps of Engineers. Daffin said his group is “working with the state and the Corps to incorporate the Great Outdoors concept into Sanctuary and have a major focus on outdoor recreation. It’s a big undertaking. It makes Sanctuary Pointe something that is pretty unique.”

McCollum said the planned Great Outdoors Center — potentially an $8 million campus with facilities for archery and various outdoors educational programs — will add about 400 construction jobs and 350-400 permanent jobs. She said the campus — including a main building, adventure center, lakeside center and an S.C. Department of Natural Resources archery facility — will be an overnight destination unique in the Southeast and is already supported by state and federal agencies, among others.

“We have not talked to one single person who has not felt like this was a game changer for the Upstate. Everyone is positive and highly excited,” she said.

The S.C. National Heritage Corridor was designated by Congress in 1996 as a National Heritage Area, a program of the National Parks Service. The program in South Carolina is designed partly as an economic development driver with a goal of “promoting and preserving the cultural, natural and historic resources of South Carolina.” The corridor has more than 200 official discovery sites, ranging from agritourism to historic sites to outdoor recreation sites.

McCollum said the Heritage Corridor “will bring some finances to the table.” Corporate and foundation sponsors are being sought, she said.

“What we are doing here with this project is pulling in a variety of funding sources,” McCollum said. She said there is not a rendering of the Great Outdoors Center available yet.

“Big Cedar Lodge (Ridgedale, Mo.) is kind of the look we are going for the site,” she said. “We looked at Pennsylvania Wilds (Warren, Pa.). Everything we are going to build is going to have an Appalachian rustic elegance feel. We want the entire look and feel and ambiance to immerse people.”

McCollum said the resort will be “upscale quality overnight accommodations” and there will be transportation provided across the region. “The fact the entire site is open to the public is benefiting us,” she said. “It allows us to bring in overnight guests so people can use us as a jumping-off point for various things,” including downtown Greenville and Anderson. “The longer we can keep them here, spending money in our communities. It’s a win-win,” she said.

Source – GSA Magazine

10 Things To Do Before Realtor Comes to List or Show Your House

by Terri's Team


 

1. Get rid of any extra furniture- This means that any furniture that doesn’t serve a real, functional purpose needs to go. It can be sold, or just in storage, but it needs to get out of the house. Excessive furniture usually makes the room size shrink.  And Buyers like big spacious rooms, so let’s open up that room space.

 

2. Pick up the mess - Before your Realtor comes to take any listing photos or show your house, hide the toys, pick up the clutter and throw everything into bin or laundry tote and put in your car if you do not have any other storage pace. Buyers want the spaces they are looking at to feel fresh, clean, and grown up.

 

3. Open doors- Be sure to open all of your interior doors when your house is being shown. And when Realtor comes to take photos, it helps the photos flow together so that the potential buyers can understand the layout of the home more easily. When showing, you don’t want any big surprises. The potential buyers need to be able to easily walk from one room to the next.

 

4. Turn on lights- When showing your home, turn on all of the lights before you leave. This is especially the case if your house has light switches in strange places. The last thing you want the potential buyers to do, is search for your light switches. By having the lights on, it makes the home feel brighter and cozy.

 

5. Good smells- The smell of your home will be one of the very first things that the potential buyers register in their brains when looking at your home. Be sure it is a good smell! I like to leave all of my warmers on. And use a scent that is not to overwhelming.  Buyers use all of their senses when choosing a home.  So make your house smell great!

 

6. Ask your Realtor to have a professional photographer to take photos - Chances are, the first impression of your house will be by the photos that potential buyers will see on your listing. Make sure they are good! There are so many times I see pictures that have awkward angles that make the rooms look much smaller than they are. There are also several listing photos out there with clutter all over the place! Potential buyers want to look at photos of a clean house. Pay attention to detail when you get your house ready for listing photos to be taken.

 

7. Fix up the curb appeal- This doesn’t mean that your front yard needs an entire makeover, but make sure that it looks warm and inviting. Plant some flowers, fix your fence, and mow your lawn. It is the little things that really make a difference.

 

8. Clear off counter tops- Nobody wants to look at clutter. Put your bread and bananas in the cupboard before your house is shown. Do not leave cleaning products out.  You want potential buyers to feel like there is plenty of counter space. While you are at it, take down the cutter off of your fridge to make your kitchen feel fresh and clean.

 

9. Clean doors- You don’t realize just how dirty your doors are until you start scrubbing them down! Clean the doorknobs to make sure they aren’t sticky and make sure there aren’t dirty fingerprints all over the door. It is a small detail that most people won’t notice unless they are dirty most likely. You don’t want potential buyers to notice dirty doors.

 

10. Clean your windows- There is so much dirt, dust, and who knows what else that gets stuck to windows. Clean them inside and out. It is amazing to see how much more light comes through when the windows are clean. It makes the entire room feel cleaner too.

Reasons to Buy New Construction

by Kecia Burkart

1. You can tackle your wish list instead of the dreaded repair list

Wake up on a Saturday morning with a plan of decorating your home. You hang a piece of art on the wall and shop for that new coffee table on your wish list. Sounds good huh?

When you buy an older home, you may not get to this stage for quite some time. Your weekends will most likely be spent scraping popcorn off the ceiling, replacing the faucets or installing a bathroom fan. The quickest way to stop the renovation blues is to buy a brand new home. With a new home, you can trade your repair list for your wish list.

2. Storage for a new century

Sixty years ago, closets were smaller. Wardrobes weren't as large and people only tended to own a few pairs of shoes. Flash forward to the twenty-first century and things have changed. From holiday decorations to kids' toys, to simply larger wardrobes, the modern closet needs have grown. When you purchase a new home, the storage areas will match the needs of the modern lifestyle. No more trying to cram your clothing into a 1960s closet!

3. Energy efficiency

Even small features can make a difference when it comes to energy efficiency. With an older home, you may be facing energy-sucking appliances, bad insulation and more. New homes are built tighter—and that's before you add in many of the energy efficient features available today.

4. Modern layouts for modern families

The great thing about new homes is they are designed for the modern lifestyle. Kitchens often overlook the family room so you can keep an eye on your kids while you cook. No more slaving away behind a stove while the rest of the crowd enjoys the game! Work from home? Many floor plans offer a separate home office. Have a bunch of kids plus their friends? Add a bonus room.

5. Design you’ll love

One of the worst things about buying a resale home is settling for someone else's taste in decor. Even renovated homes may have different finishes and fixtures than you would have selected yourself. With a new home built from the ground up, you're in the driver seat

6. Safety

Asbestos, lead paint and lack of adequately placed smoke detectors are just a few of the things you may find in an older home. Put your mind at ease! With new construction, you won't have the hassle of adding and replacing items to bring your home up to current safety standards.

Low Inventory Real Estate Markets

by Kecia Burkart

If you have been keeping up with real estate news, you know we're in a low inventory housing market. There are fewer homes for sale and the competition for the best homes can be brutal. For the first time in years, bidding wars are making a comeback in many markets. Despite these challenges, now is still a great time to buy a home. Interest rates are low and prices have yet to skyrocket back to where they were in 2005 when things were really booming. But how do you make a smart move in a low inventory housing market?

Consider new construction

Tired of losing the bidding war battle? Build from the ground up! You can choose your floor plan, choose your lot and watch your home go up from start to finish. Homebuilders usually sell lots on a first-come basis, so the day you contract is the day you reserve your land. No more worrying if another buyer is going to come in with a better offer. Plus, many floor plans have options for personalizing the layout with extra bedrooms, a study or a finished basement. So you can buy a home and pick out all of the finishes.

Consider a remodel

Even in a low inventory market there are homes that simply take longer to sell. Choose a home that has been on the market for a long time, needs updates that many Buyers cannot see around or one that has a strange layout.  Then hire a contractor and make it your own.  You could get a good deal on a home that has been on the market for a long time and has a motivated Seller.

Make your offer stand out

In this market, once a “hot property” hits the market you need to get out there and preview the resale home, make an offer (and make it a good one) seek a Realtor’s advice of comparable properties have sold for to determine what a good offer would be, if you want to secure the property. Gone are the days of viewing the property and then take a week to think about it and then come in with an offer thousands below the asking price. If you want the home to be yours you do not need to wait or another Buyer will out time or outbid you.  Don’t forget to come with your pre-approval letter in hand and earnest money in the bank.

Displaying blog entries 1-10 of 126

Contact Information

Terri's Team
Keller Williams Realty - Western Upstate
4107 Liberty Highway
Anderson SC 29621
864-314-0573
Fax: 864-226-9238

Terri’s Team is licensed in SC & GA and located in SC