Interest rates, mortgages and buying power

August 19th, 2016

Interest rates, mortgages and buying power are all related and effect every home buyer who is not a cash buyer. Nationally, the majority of all real estate purchases involve a lender.  Most of the larger lenders offer a series of products and programs that they hope will match the need of the buyer. Some loan programs offer no or little documentation, first or second home, no credit score, new construction, fixed or adjustable rate, negative amortization, land type and many more.  These programs are designed to capture customers who have different concerns and limitations, some without taking interest rate into consideration.

Below is a graphic provided by Keeping Current Matters utilizing Freddie Mac’s information.  Many times customers ask about the effects of interest rates, mortgages and buying power; we thought this graphic is an excellent visual aid.  There are some important highlights we would like to share:

  • Interest rates historically are low, making payments lower.
  • Lower interest rates generate a larger buying power allowing customers to consider higher priced homes.
  • Lower interest rates generate more buyers in the housing market, more people can qualify for mortgages.
Interest rates and your mortgage

Interest rates, mortgages and buying power

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To schedule a showing, just “click” on picture and complete form.

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

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Great reason to sell now in York County

August 11th, 2016

There are great reasons to sell now in York County.  If you have been on the side lines, unsure if now is the time to act, rest assured.  People are on the move, and you should not miss out on this opportunity. York County has plenty to offer for all types of buyers and for all types for properties. This puts sellers in York County in a great position.  Living in York County offers commerce, health care, industry, manufacturing, higher education, entertainment and waterfront properties. In fact, York County will be holding it’s 23rd Summerfest,  on August 27th.  You can see what else is happening locally by visiting: http://www.visityorkcounty.com/ .

But back to the great reason to sell. You should think about selling now because of the beautifully logical and simple influence of supply and demand on the housing market.  It is a seller’s market now, and you should be in the middle of it.  Do not miss this opportunity to actually have more buyers looking at your property.  If you are selling now you are in prime position to take advantage of a low housing inventory.

A balanced housing market sits at about a six month supply of inventory.  Recently The National Association of Realtors, Existing Home Sale Report illustrated that we are currently sitting at a 4.6 month supply of inventory. Below is an illustration provided by Keeping Current Matters, which utilizes NAR’s recent numbers.

Housing Supply

Housing Supply – Great reason to sell

 

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-207-7051

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

Family Moving after selling

 

Three answers for buyers

August 5th, 2016

We have three answers for buyers. If you are thinking of purchasing your next home in York County South Carolina, we have answers to share. There are quite a few myths out there, but they should not stop you from home ownership.  York County is growing and is a very attractive area with commerce, quality healthcare and education. York County has a lot to offer for all types of buyers; the new family, professional executive or retirees.

  1. A recent survey with Braun that over 75% of all parents say that their child’s education is  a large reason to buy real estate.  A supporting survey by the Joint Center for Housing at Harvard give the following answers:
    1. A good place to raise children in a good school district
    2. A safe place
    3. More space
    4. More control of your space
  2. Where are home values headed?  Corelogic projects that home values are going to increase by 5.3% for the next twelve months.
  3. Where are mortgage rates headed?  The Mortgage Bankers Association, The National Association of Realtors, Fannie Mae and Freddie Mac have all stated that they believe that interest rates will increase in the next twelve months.  Here is an illustration for review:
Projected Mortgage Rates

Projected Mortgage Rates – Answers for buyers

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To schedule a showing, just “click” on picture and complete form.

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-207-7051

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

Fixed rate mortgages are at historic lows

July 29th, 2016

Thirty year fixed rate mortgage are at historic lows, now is a great time to buy real estate. If you have been sitting on the side lines, now is the time to act.  Fixed rate mortgages are very low which makes investing in real estate a smart option.  Many reports indicate that buying real estate is a great way to build wealth utilizing equity. Low fixed rate mortgages plus the compounded benefit of equity, makes real estate very attractive. Make your time count.

When fixed rate mortgage are low, the buyer can usually qualify for a higher sales price. This is a nice little known “secret” that can allow people to purchase a larger house or in a better location. When housing inventory is low, a low fixed rate mortgage can help level the pricing field.  We are currently in a low inventory status, moving towards a balanced market.

Below is an illustration based on Freddie Mac’s information for interest rates for 2016.

30 year fixed rate mortgage

30 year fixed rate mortgage

 

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

Home Values and Appreciation

July 22nd, 2016

Where are home values and appreciation heading in the future?  What are some of the factors used to determine home values and appreciation? Many conversations are happening around our country about what may happen in the future. Here is a little information for you, because information is power.

There is a survey that illustrates and outlines all of these concerns, the Home Price Expectation Survey. Every quarter, Pulsenomics gathers and averages information from economists,  real estate and investment professionals to create their projections of home values and appreciation.

Here is a breakdown of their home values and appreciation findings, which clearly illustrates now is the best time to act.  Asset appreciation is a powerful investment opportunity which can assist in wealth growth, don’t miss out.  When an asset’s worth grows without improving it is a wonderful investment.

  • 4.0% over 2016
  • 3.4% over 2017
  • 3.0% over 2018 and 2019
  • 2.8% over 2020
Projected Appreciation

Projected Appreciation

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To schedule a showing, just “click” on picture and complete form.

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

Build wealth with equity

July 15th, 2016

Build wealth with equity over the next five years, is a very attractive investment option.  If you are renting now, you are missing out on a great opportunity.  Renters pay the mortgage of their land lords, but in the end have no asset to show for their money.  Either way people are usually paying a mortgage, wouldn’t it be better if it was yours and not the land lords. There are several reasons to buy a house, some of these many match your situation right now.

  • The need to live closer to family and/or friends.
  • The need to live in an area with more commerce, and/or public services.
  • The need to relocate due to employment.
  • The need to live closer to medical facilities.
  • The need to live in a better climate.
  • The need to live in a better school district, and/or educational centers.
  • Interest rates are looking good.

For some, their home is the biggest investment in their portfolio, while with others just one of many tools.  What is important is that the amount of equity gained can be measured and projected. The illustration below provided by Keeping Current Matters utilizing the Home Price Expectation Survey, measures the potential growth over the next five years to be approximately $43,000. Building home equity is an important investment tool in growing wealth for everyone.

Home Equity

Home Equity

 

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To schedule a showing, just “click” on picture and complete form.

 

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

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Housing Inventory – It’s coming up

July 8th, 2016

Housing Inventory – It’s coming up. Nationally, we recently came out of a three month reserve on housing inventory and we are slowly climbing towards a more balanced inventory of five months.  Slowly and surely the housing market is becoming more balanced, in which supply equals demand an estimated six month reserve.  But why is housing inventory turning around? Here is a list of some reasons why the housing inventory is on the rise.

  • Banks are moving their foreclosures, real estate owned properties. Distressed properties can bring out a different type of buyer, the investor.
  • Interest rates are also a consideration for sellers and buyers. After all a seller may also have to pay for the next place.
  • As more and more families reach the magic marker of 20% equity, they are choosing to relocate. For some families this has taken a long time, so there is measurable pent up seller demand.

Below is an illustration showing the number of years that a family historically stayed in their home.

Pent Up Housing Inventory

Housing Inventory – Seller Demand

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To schedule a showing, just “click” on picture and complete form.

 

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

Thinking of Selling? Act now

July 1st, 2016

Have you been thinking of listing your home for sale recently?  Have there been changes in your life which would require you to relocate, down size or upgrade.  Some people may take a long time to prepare for a move, while others are quick to act.  Sometimes it may feel like there are too many obstacles to moving, but do not let that stop you.  A good real estate agent can make relocating a better experience, utilizing marketing tools and community knowledge.

If you have been thinking of selling your home, now is the time to act. Below is a quick list of the reasons to act now.

  • Historically, summer is moving time.  Most people with children will naturally want to relocate and settle in before school starts.
  • Inventory is low. A balanced market would allow a full six months of inventory, we are currently at five months.
  • Rates may not be moving.  After the historic Brexit vote, it is unlikely that the Federal Reserve will raise rates.  Good news for mortgages.
Click here to view featured property scroller.

If you saw a home that interests you, just click on the photo and complete form.

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

Family Moving after selling

Family Moving after selling

A new listing in Rock Hill, South Carolina

June 16th, 2016

Turner Real Estate Group presents a new listing

1057 Deas Street, Rock Hill SC  29732

New listing- Front of house

Front of house

Fixer upper 3 bedroom 2 bath partial brick home sold “as is”. Walking distance from Cherry Park  completely fenced in with large lot.  Concrete driveway with 1 car carport. Back yard with 2 storage buildings, fruit trees and surrounded by trees for privacy.

 

From I-77 take Cherry Road South.  Turn right onto Deas St. at Cherry Park.  Home is on the left on the corner of Deas St. and Farmpond Land.

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

A trustworthy agent is important

June 10th, 2016

A trustworthy agent is important to ensure a successful real estate experience.   Once you have finally decided to move forward, you want to assemble a team working towards your goals.  There are many reasons people decide to relocate;  some people want to down size, some need to move due to work, and some want to move closer to friends or family.  Each relocation can have its challenges, having someone on your side can really make a difference.

There are basically four things that customers want from their agent.  All of these require a level of trust in your real estate agent.

  1. Sell the largest asset that many people have invested in. Reports have illustrated that the equity earned is a large portion of a family’s overall wealth.
  2. Sell at the correct price. It is crucial that the proper selling price is set.  A selling price set too high will drive prospects away, while set too low will effect profits.
  3. Schedule for asset liquidation. There are a lot of steps required to sell real estate.  It is important to have a trustworthy agent who can help navigate time schedules.
  4. Set a fair fee for service. There are several businesses that will involved in a real estate sale.  An agent will help to ensure that the fees paid is in line with other vendors. Some examples would be inspectors, title agents, surveyors and appraisers.

Click here to view featured property scroller.

We would like to invite you to visit TurnerGroupSells.com.  Here at Turner Real Estate Group we specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

We work hard for our customers.

Provided Courtesy of Turner Real Estate Group Keller Williams Fort Mill SC

Hire a positive and proactive team of Realtors to help find your next home!

For more information please visit:  http://Turnergroupsells.com

Call or text 803-761-0187

Looking for a new home: http://arbieturner.newnha.com

Like us on Facebook!  https://facebook.com/TurnerGroupSells

View our channel https://www.youtube.com/channel/UCrHhsqvC-3mZ_CC

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