Greenville, SC Home Buyer's Blog

December Market Update
December 16th, 2009 8:54 PM

The market hit bottom during the summer and has begun a move in the positive direction, all be it at a slow pace. October was the first month this year that the number of transactions was up from the previous year and it was a healthy increase of 17.4%. November solds increased year over year by 40% to 581 Units. The median price has fallen almost 10% this year but inventory has also fallen steadily from the Spring and both numbers indicate the market is moving back toward equilibrium, although again at a very slow rate. The extension and expansion of the tax credit has clearly had a positive impact on the market and it’s probably safe to say that the numbers will continue to improve through the Winter and Spring.

    November MLS Statistics
November Solds 508 + 40 %
Average Price $157,491
Median Price  $132,900

       Year to Date Statistics
YTD Solds 6,251 Down –16.8 %
Average Price  $166,112 – 10.1 %
Median Price   $139,900 – 9.4 %%

Posted by Keith Clark on December 16th, 2009 8:54 PMPost a Comment (0)

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September 2009 Newsletter
September 17th, 2009 10:05 AM
The local market seems to have reached bottom as inventory dropped below 6900 units in August and the number of closed transactions is not down quite as much (15.7%) as first and second quarters. The "Cumulative MLS Statistics" below open as a .pdf file and provide a very clear snapshot of the current market compared with previous years. I hope you enjoy the update and please forward this email to any of your colleagues who may be considering buying a home in the near future. If you have any questions or would like to discuss the market in more detail please don't hesitate to call my cell. Best regards, Keith (420-0262)
SeptemberMarketClick
Local Market Conditions
The Upstate was late to the slow down but it has been painful for all of us during the past two years. Click on the image to the right and review our August e-zine on the local market condtions and click on the links below to review July's MLS statistics.
 
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.
Posted by Keith Clark on September 17th, 2009 10:05 AMPost a Comment (0)

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Today's Radio Show
August 22nd, 2009 10:21 AM
It was a very good show! There were many calls. We discussed the $8000.00 first time home buyer tax credit. I discussed defining client goals and objectives, the importance of a Right Price Analysis before you make and offer and how critical it is to have a team of high quality professionals working on your transaction. Exclusive Buyer's Agent, great mortgage professional, experienced and ethical attorney, and all the related inspection professionals. Click Here For $8,000 Tax Credit for First Time Homebuyers...
Posted by Keith Clark on August 22nd, 2009 10:21 AMPost a Comment (0)

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August Market Update
August 15th, 2009 10:02 AM

Click on the image to review this month's market update!

Posted by Keith Clark on August 15th, 2009 10:02 AMPost a Comment (0)

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Feedback to listing agents can be detrimental to your health
July 25th, 2009 12:58 PM
Listing agents want viewing feedback for two reasons. They want to know if you are interested in the house and they want you to provide the negative feedback they already know, but have not conveyed to their seller client. Conveying your interest in a home to a listing agent before you make an offer can only hurt you financially. Your thinking, how? If you convey interest in a home to the listing agent, they will exaggerate that interest and convey it to every agent that recently showed the property. This tactic is designed to generate a sense of urgency and demand that may or may not be there. If another party is interested in the property you can be sure the listing agent will call your agent and let them know. Neutralizing an unethical listing agent requires skillful strategies, knowledge of the market, and always keeping your client's best interest at heart.
Posted by Keith Clark on July 25th, 2009 12:58 PMPost a Comment (0)

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Thornblade Inventory and Right Price Analysis
July 24th, 2009 8:58 AM
There is a home in Thornblade we like but I think it's overpriced a little and probably won't appraise. There are 27 homes available in Thornblade ranging from 435K-2.4M. It's very important in today's environment that you know exactly what the data says before you make an offer. Negotiations will be tough!!!! Click Here to View Thornblade Inventory.
Posted by Keith Clark on July 24th, 2009 8:58 AMPost a Comment (0)

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Claremont Inventory of Homes $589K-$758K
July 23rd, 2009 9:51 AM
I'll be in Claremont viewing all the inventory today ClickHeretoViewListings. Goodwin Foust Builders just started a 3100 square foot home which is significantly smaller than the other homes in the neighborhood. This will probably be the trend in Claremont since the market has not absorbed the 700-800K product like the developers anticipated. http://www.claremont-sc.com/ If your looking for a good opportunity call me to discuss. 864-420-0262. Keith
Posted by Keith Clark on July 23rd, 2009 9:51 AMPost a Comment (0)

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July Market Update
July 9th, 2009 10:54 AM

Click on the image below for this months market update.

Posted by Keith Clark on July 9th, 2009 10:54 AMPost a Comment (0)

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May Market Update
May 8th, 2009 7:15 AM

Click on thumbnail icon below to see this month's market update. If you would like to have a more detailed discussion of market conditions just give me a call on my cell phone at 864-420-0262. Keith

Posted by Keith Clark on May 8th, 2009 7:15 AMPost a Comment (0)

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Local Market Update
April 4th, 2009 9:46 AM

Click on thumbnail icon below to see this month's market update. If you would like to have a more detailed discussion of market conditions just give me a call on my cell phone at 864-420-0262. Keith

MarketClick Magazine 

Posted by Keith Clark on April 4th, 2009 9:46 AMPost a Comment (0)

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Negotiating requires Patience!
March 16th, 2009 7:23 AM
I received the phone call I had been waiting on Friday. We had made an offer, the seller made a counter offer, we made a counter offer, and the Seller made another counter offer. We said no thank you, but I left the door open for the Seller to call if they changed their mind. We were only about $5,000 apart on a large transaction, but my Right Price Analysis and the current market conditions allowed us to be patient. My Client was anxious and ready to accept the Sellers last number. Each day I called the Client to update them and discuss our negotiating strategy. When the listing agent called on the fifth day to agree to our last offer, I was gracious and professional, but they should have accepted it earlier. Patience can be your friend in the right circumstances, but it can also cost you the right house if you don't know the market! Keith
Posted by Keith Clark on March 16th, 2009 7:23 AMPost a Comment (0)

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Market Update E-Zine
March 10th, 2009 6:39 AM

Click on thumbnail cover below to see an E-zine produced by our local Board of Realtors. It's neat, but I can provide a more comprehensive and detailed market analysis in a ten minute telephone conversation. Interest rates are low, inventory is high, and if you know who, what, where, when, and how to buy, there are some great opportunities right now! Keith

   

Posted by Keith Clark on March 10th, 2009 6:39 AMPost a Comment (0)

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Purchasing New Construction
March 7th, 2009 5:55 AM
Purchasing new construction in the current market conditions requires more research and due diligence than would be required in a stronger market. The cost of building materials and labor is down so it's a very good time to buy, but be careful. You must know trends and values in each neighborhood to make an intelligent decision. 864-420-0262
Posted by Keith Clark on March 7th, 2009 5:55 AMPost a Comment (0)

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Understanding Market Appreciation
September 17th, 2008 4:32 PM
Market Appreciation is measured by calculating the median price of a home and comparing it to the same number at a different point in time, usually year to year. "Click on this link" to view our current MLS year to date statistics. The number can be deceiving if you are not familiar with the local market. Appreciation varies widely depending on price point and geographical location. Knowing and understanding the nuance of a local market can mean the difference in your home appreciating during the first couple of years or just catching up to the market. Remember, You make money in real estate when you buy it. You don't realize the profits until you sell it, but you make the money when you buy it.
Posted by Keith Clark on September 17th, 2008 4:32 PMPost a Comment (0)

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Valuing Property
September 4th, 2008 8:07 AM
I am always amazed at how a listing agent can value a home without measuring it. The basis of value begins with the heated square footage of the home. It is true that there many other factors that effect valuation, but in most markets, including ours, heated square footage is where you begin. You can't develop a intelligent negotiating strategy unless you know the fair market value of the property, and you can't know the fair market value of the property unless you measure it. Evaluating and Valuing property is one of your agent's most important skill sets, so before you hire an agent, ask them what type of due diligence they perform on the target property before making an offer. Most of them won't even be able to answer the question, much less, know how to perform it! If you would like to know the right answer to the question, call me on my cell phone and I'll be happy to tell you.
Posted by Keith Clark on September 4th, 2008 8:07 AMPost a Comment (0)

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