4 Bedroom on Cul-de-Sac Deal in Boiling Springs

 

 40 Annandale Virtual Tour

No Money Down 100% Financing USDA Loan Ready Home

Beautifully renovated one level brick home with 4 Bedrooms, 2 baths, formal living room with Huge gorgeous window, family room with wood burning fireplace, a huge recreation/bonus room and spacious walk in laundry room with cabinets sits back from road with long paved driveway and extra parking pad.

Other great features of the home are: located on a Cul-de-sac with .65 acre private lot, wooden deck, outbuilding, NEW roof, NEW gutters, 2 HVAC systems with one being brand NEW, completely remodeled kitchen with NEW white cabinets, stainless steel sinks and faucets, NEW appliances, upgraded lighting and ceiling fans, completely remodeled… bathrooms with NEW vanities, NEW shower/tubs and New Toilets, and NEW carpet and vinyl flooring too. Living room and dining room has hardwood flooring. Read more..

PRE-FORECLOSURE – 2433 Old Furnance Road Boiling Springs SC

Pre-foreclosure 2.6 acre home with Granite counter tops, swimming pool and fish pond.

Asking Price Reduced From $164,900 to $119,000!  Make Offers!

 

 

See virtual tour of 2433 Old Furnace Road in Boiling Springs

SHORT SALE on this RARE FIND! 2.64 acres of country setting with well stocked pond in the heart of Boiling Springs! Grab your fishing poles, step on out from your 8×24 front porch (awaiting your rocking chairs), hang your feet off the dock, and catch some trout. Once you are done, come on inside to this adorable and gorgeously updated ranch home with bamboo flooring, granite countertops, new paint, ceiling fans through out, garden tub in Master bath w/ 18inch ceramic tiles and an oversized tiled shower with two shower heads in the other bathroom. Read more..

4 Bedroom Cul-de-sac Remodeled Home Available for Immediate Move In

Beautiful 4 Bedroom Boiling Springs home with living room, dining room, bonus room, and family room.

Located on a Cul-de-sac with private lot. Very low maintenance brick exterior home with: NEW roof, NEW gutters, 2 HVAC systems with one being brand NEW, completely remodeled kitchen with NEW cabinets and NEW appliances, completely remodeled bathrooms with NEW vanities, NEW shower/tubs and New Toilets! NEW carpet and vinyl flooring too. Living room and dining room are hardwood.

This home has been freshly painted and is move in ready, FHA and VA loan ready. Close to I-85, I-26, Hwy-9 restaurants and
shopping, and Asheville Hwy shopping. There are very few 4 bedroom, move in ready homes with the space this home provides, in the Boiling Springs area at this price range. This is a must see.

 

 

 

 

 

 

Read more..

30 Year Trend of Interest Rates By Year

Here is a chart of 30 year mortgage interest rates for the past 30 years dating back to 1981.  In case you had any doubts about if now was a good time to lock in a low rate this chart should pretty much answer any of those questions.  Even if house prices trend down another 7% or so locking in a low fixed rate at the current 4.31% will still save a homeowner more than a lower price will.

Feel free to call if you have any questions about buying a home.  My lenders have been getting buyers with scores as low as 590 fixed rate 30 year loans!

Search for a Boiling Springs area home

 

Where Should You Invest Tomorrow?

With countries facing debt levels never seen before in modern history things are about to change.  European countries are facing debt problems that are just beginning to become main stream news.  Greece is capturing the headlines today but Italy and Portugal are right behind them with France and others not far behind. We all know that the United States has to keep printing money just to make the debt payments on the money we owe.  Our country is NOT living paycheck to paycheck anymore.  We are borrowing money just to make our next debt payment!

Change is coming. You can count on that.  However with all the turmoil surrounding us in the news some things just don’t seem to change.  Here is a chart showing the return real estate has made over the last 10 years starting from January 1, 2000 to August 1, 2011:

What? I thought real estate was a bad investment you say? The facts speak for themselves. Yet most people hold most of their wealth in paper assets like stocks and bonds.  A good real estate investment provides you monthly cash flow from day one and almost always rises in value over time.  Of course all residential and commercial real estate is NOT created equally so it’s important to follow key principles to maximize your safety and return.  I have been investing in real estate for over 12 years in the Spartanburg and Boiling Springs surrounding areas. If you would like to learn more about investing in real estate feel free to call me.  There are strategies you can choose that puts you as hands on or as hands off as you would like.  Just call me at 864-621-7900 before your stocks drop too much! Read more..

How Many Homes Have Lead Based Paint?

Prior to 1978 homes were painted with paint containing lead in it.  However, contrary to popular belief, not all homes built before 1978 were painted with lead based paint (LBP).  Here is a graphic I found at a Sherwin Williams paint store on Hwy 9 today while buying 26 gallons of paint.

Therefore as we see in the chart only 24% of homes built between 1960 and 1978 actually were painted with lead based paint!  The percentage goes higher with older homes.

 

 

 

 

 

Here are the main potential concerns with LDP in homes:

Premium Residence Exquisitely Crafted with Architectural Details

Gorgeous! Meticulously maintained cottage style home dressed with hardi plank and stone exterior on beautifully landscaped yard. Prepare to be amazed by the well thought out details of the interior! The stunning front door and stone porch are just the beginning as you walk up to the home. Enter into the spacious foyer crafted with wood flooring, your eyes will move to the beautiful stone fireplace surrounded on both sides with bookcases, the impressive wooden beams across the ceiling, and expansive windows in the living room. The gourmet kitchen is absolutely a dream with granite counter tops, a down draft gas stove in the kitchen island, stone column, crown molding on cabinets, and on…Wall oven, microwave, and refrigerator remain. Enjoy looking out the walls of windows while eating or sipping your morning coffee in the breakfast area. Step over to the formal dining area with impressive ceiling, gorgeous chandelier, and windows. The master bedroom is spectacular. It has stacked tray and dome ceiling with pot lights. The master bath still oohs and ahhs with jetted tub, separate tiled shower, double sink and granite top vanity. The architectural details of this home are endless. This is a truly must see!  3040 English Cottage Way Virtual Tour

 

 

 

 

Homeowner Foreclosures on Bank of America

In what appears to be a large US financial institution getting a taste of their own medicine, a couple foreclosed on a Bank of America branch in Naples Florida!  Like a former business partner of mine once said, “If the people treated the banks the way the banks treated the people they would have been bankrupted long ago”.

You see, we used to own and run the largest Short Sale bank negotiating company in the state of SC. We have sat down at middle class family’s kitchen tables hearing the same story over and over again. “The bank said that if we sent them $3,000 they would put the remaining balance on the back of our loan and allow our normal payments to proceed.  We sent them everything we had.” said our clients. Only to find the banks collect the $3,000 and then require the remaining delinquent balance ASAP or face foreclosure. Sounds unreal I know. In fact we would tell people about how the banks treated people just like you and me and they could not believe it. They always thought we were exaggerating. We were not, and we have much worse stories we can tell.

Here is the article straight from Yahoo News.

By TARA-NICHOLLE NELSON – Mon Jun 6, 4:50 pm ET

In a modern-day evocation of David’s slingshot triumph over Goliath, a couple of foreclosed homeowners in Naples, Florida reportedly foreclosed on a Bank of America branch last week, their attorney actually having moving trucks pull up in front of a Naples branch to execute a foreclosure judgment against the bank.

What must have seemed to observers like a scene out of a parallel universe – you can see some video here – was actually the fair and logical conclusion to a situation which, the court had ruled, had an unfair and illogical start. In 2009, retired police officer Warren Nyerges and his wife, Maureen Collier, paid $165,000 cash for their 2,700 square foot home in the Golden Gate Estates subdivision, and never took a mortgage out on it. So imagine their surprise when, in Februrary of 2010, Bank of America initiated foreclosure proceedings against them. The Nyerges hired an attorney, Todd Allen, to defend them against the wrongful foreclosure, and the Bank eventually abandoned the matter.

But not before the Nyerges incurred $2,534 in attorney’s fees, which they requested informally from Bank of America multiple times before resorting to the courts, which ordered the bank to make the couple whole. When B of A still had not paid the judgment after five months of phone calls and letter writing by Allen and the Nyerges to the bank insisting that the court order be obeyed, Allen took the next step in the legal collection process, obtaining an order of foreclosure against the bank.
To continue reading the article visit Yahoo News

FHA loans with Credit Scores 600-619 are now available!

Great news on a special financing program that allows credit scores down to only 600 from 640.

Some of the guidelines are of course more strict but this is a great new program available. Here are some of the restrictions.

• AUS Approved (THIS IS AUTOMATED UNDERWRITING THAT WE HAVE TO RUN THE LOAN THRU)
• Primary Home (Non Occupying CoBorrower allowed)
• Purchase ONLY
• Single Family Residences Only
• Max Ratios– 31/43%
• All installment loans under 10 months included in DTI
• All deferred student loans must be included in DTI
• No Declining Income
• Max Seller Contribution – 3%
• No lates on housing payment in last 12 months (So must have a rental history)
• 2 months reserves (from Borrower’s savings or checking – not retirement)

Feel free to call me for more details.
Rob
864-621-7900

Palmetto Heroes Loan Program for 2011

SOUTH CAROLINA STATE HOUSING FINANCE AND DEVELOPMENT AUTHORITY

ANNOUNCES…

THE 2011 PALMETTO HEROES PROGRAM

For

POLICE OFFICERS-FIRE FIGHTERS-EMS

TEACHERS – NURSES -VETERANS

April 29, 2011

SC State Housing Authority is excited to announce our 2011 PALMETTO HEROES PROGRAM. The Heroes selected for the 2011 initiative are “Police Officers – Fire Fighters – EMS – Teachers – Nurses – Veterans.  Borrower(s) must meet State Housings First-Time Homebuyer requirements. The program Features a reduced mortgage interest rate and down payment assistance is available. Read more..

Spartanburg Agent MLS Ranking Through April 18, 2011

I’ve received more than a few messages asking me  “where the heck have your posts been over the last 6 months or so”.  Well, beyond watching the price of silver sky rocket to over $40/oz. I have been selling real estate and a lot of it.  I am currently the #3 Residential List & Sell Realtor in Spartanburg County and the number 8th ranked Realtor overall out of over 500 Licensed agents!

I hope this does not come across as bravado as I have humbly worked very hard for my clients this year and have put their interest first in my business dealings.  However, not only have we ranked as the #3 List & Sell Realtor year to date through April 18, 2011 but we have sold homes with a VERY HIGH list to sell ratio in this weak market!

Yes, I am proud of these results and thrilled to be able to share this with you.  I guarantee you we earned it with hard work and a level of marketing knowledge that only a 17 year corporate career in marketing with Fortune 100 companies can provide.

When selling  real estate it’s important to understand that you are paying an agent a LOT of money to help you sell your home and what you are actually paying for is that agent’s knowledge and mastery of marketing and negotiating principles. Using a part-time agent to sell one of your largest assets, especially in a buyer’s market, might not be the best strategy to take.  Heck, people use Full Time money management professionals to help them manage far less funds then their home is worth.

If you know of anyone considering buying or selling real estate we would be grateful if you decided to refer us to them.

Now, back to work.

God Bless and keep looking up!

Rob Turchetta

864-621-7900

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