Just listed! 112 Belknap Dr Goose Creek, SC 29445 Home For Sale

112 Belknap Dr Goose Creek, SC 29445 Home For Sale
112 Belknap Greenview Park Lagoon 1
You’ll enjoy Lake Greenview Park just down the road from your new home (park picture above). 112 Belknap is perfect for someone looking for an affordable, clean and move-in ready home in Goose Creek, SC. The seller will pay up to 3% of buyer’s prepaid expenses and closing costs with an acceptable offer. This home is close to everything! Make sure to check out the Visual Tour.

Give us a call today at (843) 442-7275 to schedule a showing, or if you need help in getting a mortgage.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

Congress passes measure to avoid the “Fiscal Cliff” while keeping the real estate recovery on track

Congress passes measure to avoid the “Fiscal Cliff” while keeping the real estate recovery on track – good news for the real estate market!

Mortgage interest deduction, mortgage cancellation relief, deduction for mortgage insurance premiums, leasehold improvements, energy efficiency tax credits, “Pease Limitations” relief, capital gains and the estate tax were in most ways all protected in the measure, with some changes that the NAR expects will affect only 1% of the population in the higher income brackets.  This is good news for residential, land and commercial real estate in the Charleston, SC region.

Click here to read the National Association of Realtor’s brief on how the measure will impact the housing market in 2013.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
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South Carolina home sales rise 24% in October

South Carolina home sales rise 24% in October

Jim Bobo Real Estate

Sales of residential homes and condominiums rose 24% in October, South Carolina Realtor’s reported, describing 2012 as a “comeback year.” Prices were fairly stable, the association said, as the median sales price increased 0.1%. The price range for homes with the strongest sales statewide was $200,001 to $300,000, with a 19.5% sales gain in that category. The property type with the strongest sales gains was condos, up 18%.

Charleston-area sales rose 30.7%, to 894 from 684 a year earlier. Greenville had the strongest percentage gain, up 35% to 660 homes sold in October, compared with 489 a year earlier. Columbia posted 663 homes sold, up 29.7% from 511 in October 2011.

The association said 4,608 homes sold last month compared with 3,717 in October 2011. “Most markets have shed listings, resulting from strong sales and sluggish seller activity. There has been a general easing of foreclosures and short sales, meaning distressed listings are dragging prices down less than in recent years. So it’s both about market fundamentals and market composition,” the Realtors association said in releasing the data.

Compared with October 2011, State-wide new listings in South Carolina increased 10.1% to 7,888, while pending sales were up 26.7% to 4,676. Inventory levels shrank 13.4% to 46,776 units. Days on market was down 10.8% to 131 days. Absorption rates improved as months’ supply of inventory was down 24.7% to 10.2 months. These variables have continued to improve for over a year now, and they all contribute to a more stable housing market. This along with continued job growth is pushing prices up.

According to the association, the economy is growing with 2013 expected to outpace 2012′s growth, mortgage rates are expected to remain near historic lows through 2015, and rents are expected to rise due to low vacancy rates.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

New Listing! 1023 Bridlewood Farms Parkway Ridgeville, SC 29472 Home For Sale

1023 Bridlewood Farms Parkway Ridgeville, SC 29472 Home For Sale

Seller is paying up to $3,000 in buyer’s closing costs and prepaid expenses


We are pleased to announce this new listing in Bridlewood Farms in Ridgeville, SC. Close to Summerville and I-26 in Dorchester 2 School District.  Priced to move fast – this is not a foreclosure or short sale.

4 Bedrooms   2.5 baths   2,357 SF   Built 2011

Listed at $174,900    Status: Active    Click here for more information!
Contact us today to schedule a showing.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

New Listing! 309 Carriage Wheel Road in Beautiful Moncks Corner, SC 29461 Home For Sale

309 Carriage Wheel Road in Beautiful Moncks Corner, SC 29461 Home For Sale

We are pleased to announce this New Listing in Spring Grove Plantation just minutes from Goose Creek, Moncks Corner, North Charleston and I-26 in Berkeley County, SC.
3 bedrooms   2 baths      1946 sf     built 2009
Listed at $183,000     Click here for more information    Status: Sold

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

SC Mortgage Help – Great service for those in need

Many of us know others who are struggling to pay their mortgage.  The State Housing Finance and Development Authority is now providing a homeownership and employment lending service to assist those who qualify.  The Authority is self-sustaining and receives no state appropriation, and has been assisting our workforce population purchase homes in South Carolina for over 40 years.  Refer anyone you know who may benefit to the Authority’s SC Mortgage Help website here: http://www.scmortgagehelp.com/.  Workforce citizens, including but not limited to teachers, firefighters, police officers and military employees, may be eligible for home buyer assistance from the Authority as well.  Here is their website: http://www.sha.state.sc.us/.

SC Mortgage Help homepage snapshot

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

$80,000 price drop on 660 Harbor Creek Place James Island/Charleston, SC 29412 Home For Sale

$80,000 price drop on 660 Harbor Creek Place James Island/Charleston, SC 29412 Home For Sale.  Originally priced at $339,500.00, this condo has been reduced to $259,500.00 – making it the best deal in many years in Harbor Creek.  This is not a short sale and not a foreclosure.

Harbor Creek entrance

See the listing details here >>> 660 Harbor Creek Place Charleston, SC 29412

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

Housing Crisis to End in 2012 as Banks Loosen Credit Standards?

Housing Crisis to End in 2012 as Banks Loosen Credit Standards – so Capital Economics claims.  It would be good for Charleston, SC Homes For Sale, too…

Reprinted from www.dsnews.com

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.

House sitting on cash

The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.

Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.

However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability.

Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.

Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”

In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.

While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.

Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

The Best South Carolina Houses For Sale – Jim Bobo Real Estate SC Land and Homes For Sale

Welcome to Jim Bobo Real Estate and SC Land and Homes For Sale blog-site.  We’ve built this site to be used and enjoyed by the public without you having to register – not even to search the  Greater Charleston MLS.  Feel free to click on the tabs above – many, like the Listings tab, open more related tabs.  As marketing specialists and professional Realtors, Jim Bobo Real Estate offers exceptionally high quality services to buyers and sellers.

Jim Bobo Real Estate and SC Land and Homes LLC - your Lowcountry Land, Homes and Commercial Real Estate Specialists!

Jim Bobo Real Estate and SC Land and Homes LLC – your Lowcountry Land, Homes and Commercial Real Estate Specialists!

Our local MLS (Charleston Trident Association of Realtors) serves Charleston County, Berkeley County, Dorchester County and much of Colleton County. Our primary communities include Edisto Island, Edisto Beach, Hollywood, Meggett, Yonges Island, Ravenel, Wadmalaw Island, Johns Island, Kiawah Island, Seabrook Island, James Island, Folly Beach, West Ashley, Charleston, Mt. Pleasant, Daniel Island, Sullivans Island, Wild Dunes, Isle of Palms, McClellanville, Awendaw, North Charleston, Hanahan, Goose Creek, Moncks Corner, Summerville, Ladson, Knightsville, Ridgeville, St. Stephen, St. George, Harleyville, Walterboro, Cordesville, Reevesville, Round O, and more.  Let us show you the secrets of the Lowcountry!

We are the Greater Charleston, SC area’s Land and Homes For Sale Specialists

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us