SEARCH BOILING SPRINGS REAL ESTATE

Grab the laptop, a cup of coffee, search Boiling Springs SC real estate and enjoy. All Boiling Springs real estate searches are updated daily so book mark this page to easily check back often.  You can save your searches and set up email alerts for every time a new home listing comes onto the market and matches your search criteria.  The best deals sell the fastest so now you can be among the very first to know about each of them.

Price range categories are determined by the number of Boiling Springs homes and properties in each price range for ease of searching.  A description of each real estate search category is at the bottom of the page.

Contact me with your questions regarding Boiling Springs SC Real Estate

Real Estate Descriptions:

Single Family Home:  SFH,  A free standing residential building usually on a lot larger then the structure itself.

Government Foreclosure:  The government of the United States insures most loans written by banks and other lenders in the possible event of a default.  The reason why the government insures loans is to provide an incentive to lenders to make loans at risk levels they otherwise probably would not make.  Examples of these are little or no money down loans, very low interest rate loans, weak credit requirements, etc.  Because the government is willing to guarantee upwards of 85% of a loan amount to the lender in case of a default the lender is exposed to much less risk and therefore decides to make the loan.  The benefit to the government is that houses continue to be bought and sold driving sales of various goods and services thus stimulating the economy which in turn sustains and even creates jobs.

Example of government backed loans are: VA (veteran Affairs) loans, FHA loans, USDA Rural Development loans, etc.  If any borrower stops making their mortgage payments the house is taken back as collateral for the loan and then resold to another buyer.  These resold homes are what we call in general a government foreclosure.  There are always a various selection of these homes in the Spartanburg and Boiling Springs area.

MLS Foreclosures:  Foreclosed homes that are listed for sale in the MLS (Mutiple Listing Service) consist of government foreclosures and general bank and other lender foreclosures.  The reason why there are two different searches above is because the property listings come from different sources.  A property may be listed in one source or the other, or even both.  For this reason it is important to check both searches regularly since they are updates daily.

Town House:  A town house is a non-uniform home in a generally more suburban area designed to fit on a small “footprint” of land yet offer a lot of square footage by building up with multiple levels.  They tend to offer walking or very short distances to shopping, restaurants and the like.

Condominium:  Condo.  The best way to think of a condominium is to think of an apartment building where each unit is individually owned.  While the owner owns the “walls” and living space of their unit, they share ownership of the hallways, entryways, roof, and other structures with the other owners of the condo units.  This is done usually through some sort of legal home owners association structure that manages these element of the real estate.

Lots:  Lots are land that have been surveyed and parceled to be marketed for a residential dwelling.  They are often part of a development that consists of other similar lots and are often improved with electric, water, street access and other utilities running to the land.  This is refered to as “horizontal” development.

Land:  Land can be almost anything that is earth.  It comes in all sizes from too small to build on to large tracts of acreage.  It can be improved with utilities and roads or raw as a mountain range.  It can be suitable for commercial purposes or pristine for hunting game.  Land generally includes all the mineral rights below the surface to the airspace straight up above the parcel.

Mobile Home:  Are prefabricated homes built in factories and transported to the location where it will be lived in.  They are designed to be used as single family residences.  While they are generally not moved once put into place they are designed to be transfered to another location if one desires to do so.  They are constructed with strong trailer frames and axels which allow them to be moved.

Mobile Homes come in two basic sizes but larger sizes do exist: Single Wide and Double Wides are the two most prominent sizes.  A single wide is 18 feet wide or less and a double wide is 20 feet or more in width.  Double wides are are separated into 2 pieces when transported so that they can fit within the limitations of the road ways.  South Carolina has more mobile homes per person than any other state in the United States.

Multi-Family Properties: These are properties designed to house many different families into a single structure.  Examples of these are: Duplexes (2 homes), Triplexes (3 homes) Quadraplex or Four-Plex  (4 homes) often called quads, Apartment buildings 5 to hundreds of homes.  Multi-family properties are designed to be rental investment real estate.

Commercial Real Estate:  Commercial real estate can be land or buildings with the purpose of generating profit that mostly comes from rental income or a capitol gain.  Commercial real estate is an expense when used as an asset in a business that uses the real estate to make money.  As an example, the Boiling Springs Wal Mart would love to sell all the products they do without the cost they incur maintaining all the land their building and parking lot sits on.

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