Good News for Home Owners

When the real estate market slowed to a crawl nationally so many builders never saw it coming that it makes the thinking person scratch their heads and say “huh”.  I mean, who is looking at all the economic data anyway?  If big companies aren’t looking at it who is?  Well, at the end of the day it’s like a good friend of mine, Don Hassey, always used to say, “A big shot is just a little shot that kept on shooting!”  Another words, even large companies are run by people just like you and me.  Are they brighter? Probably not.  More politically astute?  Probably.  Bigger risk takers and comfort zones?  Bingo.

No doubt about it home builders got caught with their pants down on the economic front and banks took back NEW homes at a rate not ever seen before.  Where’s the good news in all of this? New home inventories are at 271,000 nationally down 52% from mid 2006! In fact, inventory has decreased from 8.5 months in June to 7.5 months today!  What most of us innately already know is that the less new construction there is to compete with the better off the existing home seller is.  Combine this with the fact that our local Boiling Springs market has seen a  decrease in new home construction and existing home inventory prospects look even better.  See, there is good news out there after all.  Below is an article with more detail: Read more..

Spartanburg Craigs List Scams

Here is further information about the scams on Craigslist…

The MLS is still receiving reports of local properties appearing on Craigslist.org in apparent scams. Two versions of the scam has been reported involving offering fraudulent leases of For Sale properties that are in the MLS and also attempts to steal personal credit data from unsuspecting consumers using similar tactics. Please be AWARE that this is occurring. If you have rental property advertised on this site you can check for this activity on by going to www.craigslist.org and searching under the South Carolina/Greenville/housing section.
If you find yourself a victim of this scam, please report it to the following locations that are posted on Craigslist.

Who should I notify about fraud or scam attempts?
FTC toll free hotline: 877-FTC-HELP (877-382-4357)
FTC online complaint form
Canadian PhoneBusters hotline: 888-495-8501
Competition Bureau Canada: 800-348-5358
Internet Fraud Complaint Center
Software Piracy (http://www.siia.net/piracy/report.asp)
Non-emergency number for your local police department.
If you suspect that an item posted for sale on craigslist may be part of a scam, please email the details to “abuse@craigslist.org”. Be sure to include the URL (or 10-digit post ID number) in your message.
By everyone following through and reporting this type of fraud will make it much harder for the scam artisits engaging in this activity. Let’s not let them take a great FREE tool and ruin it! Of course, if your looking for a rental, owner finance, or purchase, I can help.

$8,000 Tax Credit for Boiling Springs Home Buyers

Here is everything you need to know about the 10% (up to $8,000) tax credit available up to December 1, 2009.  You will get a good understanding of this program by reading the Q&A below.  Time is running out on this program.  Call me if you are considering buying a home and have questions.

Basic Information (source IRS website)

Q. What is the credit?A. The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period.The credit was expanded in 2009 for homes purchased in 2009, increasing the amount of the credit and eliminating the requirement to repay the credit, unless the home ceases to be your principal residence within the 36-month period beginning on the purchase date.Q. How much is the credit? A. The credit is 10 percent of the purchase price of the home, with a maximum available credit of $7,500 ($8,000 if you purchased your home in 2009) for either a single taxpayer or a married couple filing a joint return, but only half of that amount for married persons filing separate returns. The full credit is available for homes costing $75,000 or more ($80,000 if purchased after Dec. 31, 2008, and before Dec. 1, 2009). Q. Which home purchases qualify for the first-time homebuyer credit? Read more..

Search Boiling Springs Homes and Land

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Boiling Springs Foreclosures*

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*Note: It is my desire to provide for you the very best, most up-to-date Boiling Springs, SC foreclosure listings.  However, the SMLS (the multiple listing service for this area) current setup makes this task difficult.  Therefore, the method I have chosen to display the listings automatically may result in some non-bank owned or HUD owned homes being included as well.  For an accurate listing of bank owned (REO) and HUD owned listings, please either contact me at 864-621-7900 or send a note with the contact form at the bottom of the page.  Remember to include your criteria.

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Condo/Townhouse

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Multi-Family Properties

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Lots and Land

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Commercial Properties

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Use the form to contact me for more information on any properties.  Or just call 864-621-7900