Don’t let old myths stop you

February 17th, 2017

Don’t let old myths stop you from buying your next home.  It is still quite surprising how two old and out dated myths still haunt would be buyers. Do not keep paying rent to your landlord, pay your own mortgage instead. While renting does have some conveniences, it does not build wealth like home ownership does.  Buying your next home starts to build your investment portfolio.  It’s no joke or a myth, it’s a good time to act.

Fannie Mae’s recent article, “What Customer (Don’t) Know About Mortgage Qualification Criteria,” showed that “only 5 to 16 percent know the correct ranges for key mortgage qualification criteria.”  Clearly, old myths are still around.

Myth #1 – A 20% down payment is required.  Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.

Many believe that they need at least 20% down to buy their dream home, but many programs actually let buyers put down as little as 3%.

Myth #2 – I need a FICO score of 780 or higher. The survey revealed that 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary to qualify.

Many Americans believe a ‘good’ credit score is 780 or higher.

To help debunk this myth, let’s take a look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans. As you can see below, 54.7% of approved mortgages had a credit score of 600-749. The illustration is provided by Keeping Current Matters.

Fico Score myth

Fico Score myth

So do not fall for either of these two myths.  Now is a great time to act and start looking for your new home.  There is inventory available in York County, Sc.  Come let us help you find your next home.  We have the deep community knowledge that make us a better choice.  We are a full service realtor, available for you.

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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South Carolina showing strong buyer demand

February 10th, 2017

South Carolina is showing strong buyer demand.  Great news for us. As with any item,  the simple yet beautiful accounting application of supply and demand are at play.  We are all familiar with the fact that the more people who want an item the more it will cost.

The National Association of Realtors surveys over 50,000  real estate professionals for their input of their expectations of home sales, price and market conditions.  Afterwards they are able to compile their Realtor Confidence Index.   There are some very interesting national factors presented which are:

  • 32% of all buyers for December 2016 were first time home buyers.
  • Lack of supply and appraisal issues top concerns reported by realtors.
  • Lower foreclosure sales now accounting for only seven percent of sales.

 Buyer Demand is Strong in York County, South Carolina

The illustration below is provided by Keeping Current Matters, which utilized the NAR data from their Realtor Confidence Index.  This is a great graphic which breaks down buyer demand by state.

Buyer Demand by State

Buyer Demand by State

If you are thinking of moving or relocating to York County, South Carolina now is the time. There are great homes available and in great neighborhoods.  York County has great universities, medical centers, amusement parks and entertainment.

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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Location still top for boomers

February 3rd, 2017

Location, location, location.  Location in real estate is still the top reason for baby boomers to buy a new home. This may surprise some people who may assume that baby boomers are only looking to down size.  But again, location is the top reason for buying a new home.

According to data from the U.S. Census Bureau, there are approximately 76.4 million baby boomers. But all of these people do not have the same housing needs, nor life style.

John McManus, Editorial Director of Hanley Wood’s Residential Group states that they are looking at the needs of the younger portion of the baby boomers.  These Second-Wave boomers still want a fun, dynamic lifestyle with a new home that can adjust to future needs, states McManus.  This leads to a higher demand for housing in preferred locations.  When there is higher demand it can affect sales price and housing inventories.

The Farnsworth Group, did a survey of new homeowners to determine what was their most important reasons for buying a new home. Location is still the strongest reason, price and layout are closely behind.  Below is an illustration provided by Keeping Current Matters.

Second Wave Boomers

Location is still the top reason

 

The survey also showed other concerns as well:  quality of construction (9%),  a safer neighborhood (8.4%), and better floor plans (8.25%).  In addition, the most important rooms or areas are the kitchen (82.8%), master bedroom (59.2%) and the great room (36%).

If you are thinking of selling your home and heading towards a better location, now is the time to act. Take advantage of high demand and get your current house listed quickly. York County South Carolina has plenty to offer, including Universities, Hospitals, Medical Centers, and Entertainment. York County is a great place to live, and we have the community roots to know.

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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

 

 

Preparation tips for sellers

January 27th, 2017

Preparation tips for sellers.  When you have decided that now is the time to act, be prepared.   One of the most important decisions is the hiring of your real estate agent. Here are some reasons why:

  • You want someone with experience in the selling process and with negotiation.  This is not the time for sellers to go it alone.
  • You want your home sold for the most money.  You could find yourself in a multiple offer situation.
  • You want your home sold fast. A realtor can advertise your home on multiple platforms not just on the MLS.

Make sure that you utilize the tips that your agent will share with you.  Your agent has seen what has yielded results lately.  There is no reason to research, worry or go in the wrong direction.

Below is an illustration that was provided by Keeping Current Matters.  It is a great little visual that breaks down some great tips for sellers.  Some of these tips may seem expected, while some tips seem new or unexpected.

Tips for Sellers

Tips for Sellers

Act now.  Demand is high because of  inventory low.  This is a great time to sell your house, and that is our tip!

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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

Sales increasing year after year

January 20th, 2017

Sales in real estate are increasing year after year.  This is great news and presents many opportunities for both sellers and buyers.  There are many reasons for these increases.  One reason is simply supply.  We are still sitting at around a four month housing inventory supply which can favor sellers verse a neutral market of around six months.  Another reason is the recent raise in the interest rates by the Federal Reserve.  This created a wave of people who are no longer waiting, but taking action. In other words, more demand.

The National Association of Realtors’ most recent Existing Homes Sales Report  illustrated that sales are up in five out of six price ranges that they monitor.

Homes priced between 100k and 250k have shown a 20.7 % increase year after year.   Surprisingly, homes priced between 750k to 1 mil saw the largest increase of 43.2%.  As prices in many markets continue to rise, it is not surprising to see the percentage of homes in the higher price ranges increasing. The illustration below is provided by Keeping Current Matters.

Change in sales

Change in sales by category

Do not sit on the side lines wondering if owning your home is a good move. Prices are increasing due to demand and supply.  Owing real estate is a good tool to build your wealth.  We can help you find the home you are looking for.

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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

List now in 2017 – start with a bang

January 13th, 2017

List now in 2017, so you can start the year with a bang.  If you have been thinking that this may be the year to sell, now is the time to act.  The decision to list your home for sale, can be a hurdle.  There are many factors that can post pone or accelerate the goal of listing your home. Some people usually think of Spring to sell, but it is different and we can show why.  While traditionally Spring is usually thought to have a higher volume, we can see change ahead for 2017.

When we look back and compare, there have been two major differences.  Lately the Federal Reserve raised rates.  This created a wave of people who are acting now, before rates are raised again.  For some buyers, a small interest rate hike, can force them out of the market.  For others, they may not get as much house as they wanted.  The second reason is simply housing inventory.  We are now in a seller’s market, where there are literally more buyers than homes. When you have more people looking to buy, demand for your listing goes up. This is a great opportunity to list your home now.  Benefit from more traffic and less inventory. List now and start 2017 with a bang.

So how much have the inventory levels changed? Below is a chart provided by Keeping Current Matters that breaks down the inventory by category.

Listing Type Change

Listing Type Change

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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

 

 

 

 

 

 

Build your wealth

January 6th, 2017

Build your family wealth.  Some people call it a little nest egg, some people call it investing either way the goal is the same to build wealth.  Of course there are several financial options available, some carrying more risk than others.  One part of building your wealth should be to own real estate. You should free yourself immediately from your landlord and start paying your mortgage and not his.  If you already own your primary residence, maybe a rental would be a good move.  Using real estate to build your family wealth is a smart move.

Over the next five years, home prices are excepted to rise or appreciate by 3.24% per year on average and to grown by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. Below is an illustration provided by Keeping Current Matters that breaks down the anticipated growth in home equity wealth utilizing Pulsenomics‘s data.  This example is based on a couple who purchase a home for 250,000, showing that real estate can build your wealth. Over a five year period, a total of 43,000 in equity wealth has been gained.

Build your wealth

Build your wealth with real estate

Do not sit on the side lines wondering if owning your home is a good move.  Owing real estate is a good tool to build your wealth.  We can help you find the home you are looking for.

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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

 

Sell now in Winter, not Spring

December 30th, 2016

Sell now in Winter, not Spring.  When some people consider selling their home, they can typically think of the Spring or Summer seasons.  And they would not be wrong.  Traditionally Spring and Summer have higher volume and can offer some flexibility with timing.

But do not be fooled, selling in Winter does have one rock solid advantage, competition. Yeah, it comes back to competition or supply.  In fact, the prices, the customer volume and the housing inventories are all affected by supply. It really is the simple accounting principal of supply and demand.  What is important is, to use this principal for your advantage.

According to The National Association of Realtors (NAR), the supply of homes for sale dramatically increases during every Spring.  Below is an illustration provided by Keeping Current Matters which breaks down the housing inventory for the first five months of 2016.  This clearly shows that Winter is truly the time to sell, because there is less competition.  When there is less competition, your home stands out.  This could lead to a multiple offers and a faster closing.

Inventory Levels

 

As you can see, every month that gets warmer the competition grows.  Now is the time to act.  Position yourself to benefit from lack of competition, and make your home stand out.  We can help you make it happen, contact us today!

Click here to view featured property scroller.

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

We would like to invite you to visit ArbieTurnerHomes.com. 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 Arbie Turner Homes 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://ArbieTurnerHomes.com

Call or text 803-207-7051

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

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

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

Americans are moving to the Carolina’s

December 23rd, 2016

Americans are moving to the Carolina’s.  This is great news. People are on the move, and the secret is out.  In fact, only Oregon saw a higher number of Americans  moving to their state for a solid three years in a row.  South Carolina had a strong ranking of #2, while North Carolina reached #5.

Where are Americans moving from?  Well it appears that the North East Region has seen a high level of out bound traffic for over four years. Poor New York and New Jersey who get the reward of the top two states that people are moving from.  Another important factor are the Boomers who are retiring and headed to warmer areas.

Yearly United Van Lines performs it’s National Movers Study.  The below illustration is provided by Keeping Current Matters.  This graphic breaks down by state the rate of movement per state.  Both North and South Carolina show a high inbound traffic flow. This is a great opportunity for both sellers and buyers.

York County South Carolina is a special place, with all sorts of entertainment, education and outdoor activities for everyone.  A great resource for a calendar of local events and a free visitor’s guide is available on http://www.visityorkcounty.com/. We have deep roots in York County and can help guide you to communities that match your needs.  We can make moving better!

Where Americans are Moving

Where Americans are Moving

 

Click here to view featured property scroller.

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

Why you should own

December 16th, 2016

Why is home ownership better than renting?   After all, why should you own your own home? Maybe you have been standing on the side lines, wondering if now is the time to buy.  The fact is, now is a good time to buy.  Even though interest rates have been raised slightly, rates are still at historic lows.  Here is an illustration provided by Keeping Current Matters, breaking down the interest rates over time.

Rates by decade

Rates by decade – a powerful reason to own real estate 

As you can see, interest rates are at historic lows. A great opportunity to grow your wealth.

But payment is not the only consideration you should have when you choose to own you home. There are plenty of other reasons to buy soon. Here is a short list of some great reasons for you to own your home instead of renting.

  • Mortgage payments can be fixed, while rental payments typically go up.
  • The equity you build can be a financial tool for the future.
  • Generally, you can build wealth without paying capital gains.
  • A mortgage payment can act as a forced savings payment.
  • Overall, homeowners usually enjoy great wealth growth than renters.

 

Click here to view featured property scroller.

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